• MPSA granted for Tamarok

• Pre-drilling exploration underway

• Potential for large-scale porphyry copper-gold mineralization system

• Exploration supports historical findings and has discovered new prospects

• Free, prior and informed consent received from local community for Tamarok

• Geological mapping, geophysical surveys and drilling program planned for 2010

The Tamarok copper-gold project and the Tapisa exploration project are located 60 kilometres north-northeast of TVI’s Balabag project and are within the Company’s 1,240 km² North Zamboanga tenement package.

In December 2009, the 507 hectare Mineral Production Sharing Agreement (“MPSA”) encompassing the Tamarok copper-gold project was formally approved by the Secretary of the Department of Environment and Natural Resources of the Philippines. The MPSA was granted to the original claimholder, with whom TVI has a contract to acquire full rights to the MPSA at TVI’s election.

The approval of the MPSA at Tamarok allows TVI to advance exploration activities including geophysical surveys, systematic detailed geological investigations and drilling. A scout drilling program will test subsurface continuity of outcropping porphyry copper-gold mineralization at Malachite Hill; where an initial exploration program produced a continuous 38 metre channel sample at an average of 0.71% copper and 0.35 grams per tonne gold.

This package of landholdings was assembled with reference to the anticipated geological potential associated with the Sindangan Cotobato fault system, which hosts the world-scale Tampakan copper porphyry discovery currently being developed by Sagittarius Mines, a subsidiary of Xstrata.

To identify additional areas of concentration of mineralization for future exploration, the Company plans to conduct an airborne geophysical program over these tenements in September 2010.