Mr. Cliff James reports

TVI PACIFIC CLOSES $1.34 MILLION NON-BROKERED PRIVATE PLACEMENT

Further to TVI Pacific Inc.'s press releases dated May 30, 2023, June 26, 2023, July 31, 2023, and Aug. 15 (as it related to an extension), the company has completed and closed its previously announced non-brokered private placement to Prime Resources Holdings Inc. (PRHI) of 53.6 million common shares in the capital of the company, at a price of 2.5 cents per share, for gross proceeds of $1.34-million (or approximately $1-million (U.S.)).

The company plans to use the proceeds of the private placement for general corporate working capital. The common shares issued pursuant to the private placement are subject to a statutory four-month-and-one-day hold period from the date of issuance. No finder's fee or commissions are payable by the company in connection with the private placement.

"We are once again pleased that our current shareholder and partner in TVI Resource Development Phils. Inc. (TVIRD) has taken steps to invest further in TVI Pacific," said Cliff James, chairman and chief executive officer of TVI and chairman of TVIRD. "We welcome the PRHI representatives to the board of TVI Pacific and believe their involvement reflects our shared confidence in both TVI Pacific and the many mines and projects at the level of TVIRD that we jointly manage."

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 TVIRD, a Philippines 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.

We seek Safe Harbor.