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CALGARY, Alberta – June 1, 2026 – TVI Pacific Inc. (“TVI” or the “Corporation”) (TSX.V: TVI, OTC: TVIPF) provides its second bi-weekly Default Status Report under National Policy 12-203 Management Cease Trade Orders (“NP 12-203”), pursuant to which TVI issued its original default announcement indicating that the filing of its annual audited financial statements, annual management’s discussion and analysis, and related certifications for the year ended December 31, 2025 (the “Required Filings”), would be delayed beyond the filing deadline of April 30, 2026. TVI reports that since its news release dated May 19, 2026 there have been no material changes to the information contained therein that have not been disclosed, nor any failure by TVI to fulfill its intentions as stated therein, other than as set forth below.
As a result of circumstances reasonably linked to the Corporation’s delay in filing the Required Filings, in addition to the default to which this Default Status Report relates, the Corporation did not meet the deadline for filing its interim unaudited financial statements, interim management’s discussion and analysis, and related certifications for the three-month period ended March 31, 2026 (collectively, the “Interim Filings”). As a result of the Corporation’s delay in preparing the Required Filings, the Interim Filings could not be properly completed in accordance with Canadian securities law and regulation. Under the securities laws of the provinces in which TVI is a reporting issuer, the Interim Filings were to be filed by June 1, 2026.
The Alberta Securities Commission has advised the Corporation that its application to extend the management cease trade order granted on May 4, 2026 (the “MCTO”) until June 16, 2026 has been approved.
The Corporation’s Board of Directors and management confirm that the audit is ongoing and that they are working expeditiously with the Corporation’s auditor to meet the Corporation’s obligations related to the filing of the Required Filings and the Interim Filings and expect to remedy the default by filing the Required Filings on or before June 8, 2026. The Corporation will file the Interim Filings within five business days of filing of the Required Filings.
Until the Required Filings and Interim Filings have been filed, the Corporation intends to continue to satisfy the provisions of the alternative information guidelines specified in NP 12-203 by issuing bi-weekly Default Status Reports in the form of further press releases for so long as the Corporation remains in default of the financial statement filing requirement. In the event that the Corporation does not file the Required Filings and Interim Filings in a timely manner, the Canadian Securities Regulatory Authorities may impose an issuer cease trade order on the outstanding securities of the Corporation.
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