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CALGARY, Alberta – April 17, 2026 – TVI Pacific Inc. (“TVI” or the “Corporation”) (TSX.V: TVI, OTC: TVIPF) today announces that the filing of its audited annual financial statements, management’s discussion and analysis, and related CEO and CFO certifications for the financial year ended December 31, 2025 (the “Required Filings”) will be delayed beyond the filing deadline of April 30, 2026. As a result, the Corporation will be in default of its annual filing obligations under National Instrument 51-102 – Continuous Disclosure Obligations and National Instrument 52-109 – Certification of Disclosure in Issuers’ Annual and Interim Filings.
The delay is due to additional time required by the Corporation’s external auditor to complete audit procedures and finalize the audit opinion in respect of the Corporation’s annual financial statements for the year ended December 31, 2025.
The Corporation has made an application to the Alberta Securities Commission (the “ASC”) for a management cease trade order (the “MCTO”), which would restrict trading by certain members of management, including the Chief Executive Officer and Chief Financial Officer. The MCTO does not generally affect the ability of shareholders who are not insiders of the Corporation to trade their securities. There is no certainty that the MCTO will be granted.
The Corporation is working expeditiously with its auditor, Davidson & Company LLP, and the local auditor in the Philippines, PwC Philippines, to complete the audit as soon as possible. TVI plans to remedy the default and file the Required Filings as soon as it is able to do so and expects such filing to occur on or prior to May 31, 2026. The Corporation also intends to satisfy the provisions of the alternate information guidelines of Section 10 of National Policy 12-203 – Management Cease Trade Orders for as long as it is in default of the filing requirements.
The Corporation confirms that there are no insolvency proceedings against it as of the date of this press release. The Corporation also confirms that there is no other material information concerning the affairs of the Corporation that has not been generally disclosed as of the date of this press release.
About TVI
TVI is a Canadian resource company focused on mining projects in the Philippines. TVI maintains a strong presence in the Philippines through its 30.66% equity interest in TVIRD, a Philippines corporation.
For more information, please contact:
Michael G. Regino
Chief Executive Officer
Email: Michael.Regino@tvird.com.ph
Phone: +632-7728-8491
Forward-Looking Statements
Certain statements in this news release are “forward-looking statements”, which reflect management’s expectations regarding the issuance of the MCTO, the timing of the filing of the Required Filings, and TVI’s future business operations. All statements other than statements of historical fact contained in this news release are forward-looking statements.
Such forward-looking statements involve risks and uncertainties, as they reflect management’s current beliefs and are based on information currently available to management. Actual results may differ materially from those anticipated in the statements made.
The forward-looking statements are expressly qualified in their entirety by this cautionary statement. They are made as of the date of this news release, and TVI assumes no obligation to update or revise them to reflect new events or circumstances, except as expressly required by applicable securities law.
Further information regarding the uncertainties and risks can be found in the disclosure documents filed by TVI with the securities regulatory authorities, available at www.sedarplus.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.