Mr. Patrick Hanna reports

TVI PACIFIC ANNOUNCES ADDITIONAL DIRECTOR NOMINEES

TVI Pacific Inc.'s board of directors has determined to increase the size of the board from five to seven directors and has identified two additional directors nominated for election to the board at the coming annual and special meeting of holders of common shares in the capital of TVI to be held on June 28, 2023.

The board has resolved to increase the number of directors in connection with the proposed private placement to Prime Resources Holdings Inc. (PRHI), previously announced by the company on May 30, 2023. In connection with the private placement, the company intends to enter into a nomination rights agreement with PRHI, pursuant to which PRHI will have the right to designate two nominees for election to the board at each meeting of shareholders at which directors are to be elected, subject to customary terms and conditions.

In anticipation of the completion of the private placement and execution of the nomination agreement, Manuel Paolo A. Villar and Michael G. Regino have been identified by PRHI as designees and nominated for election to the board. Herein is a biographical profile of each nominee, which sets forth substantially similar information included in the management information circular of the company dated May 15, 2023, in respect of the meeting, which is available on the corporation's SEDAR profile.

Election of the nominees is conditional upon closing of the private placement and all regulatory approvals including approval of the TSX Venture Exchange. The nominees have been nominated for election as a director of the company upon the condition that, if elected, they shall resign as directors of the company if the private placement does not close by July 31, 2023, or if there is a failure to obtain any regulatory approval or clearance for a nominee to act as a director of the company.

A ballot will be taken at the coming annual general meeting of the company in connection with the election of the directors of the company and resolving to set the number of directors to be elected at seven. A shareholder may attend the meeting in person or may be represented at the meeting by a proxyholder. Shareholders who are unable to attend the meeting in person are requested to date, sign and return the accompanying instrument of proxy, or other appropriate form of proxy, in accordance with the instructions set out in the circular. As disclosed in the circular, an instrument of proxy will not be valid unless it is deposited at the offices of Computershare Trust Company of Canada (attention: proxy department, 100 University Ave., ninth floor, Toronto, Ont., M5J 2Y1) or provided to Computershare Trust Company of Canada by telephone voting at 1-866-732-8683 or by Web voting, not less than 48 hours (excluding Saturdays, Sundays and holidays) before the time of the meeting, or any adjournment thereof. Notwithstanding the foregoing, the chair of the meeting (who is anticipated to be Clifford M. James, chairman of the board and the president and chief executive officer of the corporation) is expected to exercise discretion to accept proxies deposited after the foregoing cut-off.

About TVI Pacific Inc.

TVI Pacific is a Canadian resource company focused on mining projects in the Philippines, one of the most prolifically mineralized countries in the world. TVI currently holds a 30.66-per-cent equity interest in TVI Resources Development Phils, a Philippines corporation. Through TVIRD, TVI has ownership in a currently producing gold mine and is focused on bringing onstream the Siana gold mine at which equipment has been rehabilitated and commissioning of the plant has commenced in line with TVIRD's plan to restart operations.

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