Mr. Patrick Hanna reports

TVI ANNOUNCES THE RESULTS OF ITS ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

TVI Pacific Inc. shareholders approved all resolutions brought before them at the annual general and special meeting of shareholders (AGM) held on June 28, 2023. A total of 261,905,619 shares were represented in person or by proxy at the meeting, representing approximately 38.80 per cent of the company's outstanding shares.

Results of annual general meeting

Current directors Clifford M. James, Robert C. Armstrong, C. Brian Cramm, Jan R. Horejsi and David Moscovitz were re-elected as directors and will hold office until the next annual meeting of shareholders, or until their successors are elected or appointed, or a director vacates office in accordance with the bylaws of the corporation. Additionally, Manuel Paolo A. Villar and Michael G. Regino were elected as directors, as nominees of Prime Resources Holdings Inc., in connection with the anticipated completion of the previously announced private placement. Mr. Villar and Mr. Regino have been elected as directors upon the condition that they shall resign 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 such nominee to act as a director of the company.

Shareholders also voted in favour of: (i) reappointing PricewaterhouseCoopers LLP as the external auditor of the company for the ensuing year and authorizing directors to fix its remuneration; and (ii) reapproving the company's stock option plan, through which the total number of common shares reserved for issuance as incentive stock options granted to insiders shall not exceed 10 per cent of the total issued and outstanding common shares.

About TVI Pacific Inc.

TVI 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 Philippine corporation. Through TVIRD, TVI has ownership in a currently producing gold mine and is focused on bringing on stream 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. TVI has 674,987,039 outstanding common shares and 696,887,039 fully diluted, including the currently issued outstanding options of 21.9 million.

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