Q3 Corporate Presentation

Profitable Mining in the Philippines

Corporate PresentationQ1 2010

Company Snapshot

A profitable, low cost copper mining company focused on the production, exploration and development of precious and base metal projects in the Philippines.

We Are Capitalizing On Our High-Impact Growth Potential

We Are a Profitable, Low Cost Copper Producer

We Are Exploiting Our Unique Philippine Advantage

We are Creating Sustainable Value for our Stakeholders

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Sustainable Value

CanatuanFoundation For Growth

Near-Term OpportunitiesNon Core Revenue Streams

Partnership with DACON

Mid-Term DevelopmentCanatuan Mine Life Extension

Balabag Gold Project

Long-Term, High-Impact Tamarok and Tapisa

Other N. Zamboanga Prospects

Near-Term = 3-12 months Mid-Term = 9-24 months Long Term = 18-48 months 3

Why the Philippines?O

PP

OR

TUN

ITY • Has greatest number of proven mineral deposits in

Southeast Asia

• Ranks in the top 5 in the world for gold, nickel, copper and chromite

• Favourable investment climate for foreign investors

• Proximity to major resource importers

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Mining companies heavily investing in the Philippines include Xstrata, BHP Billiton, Vale, AngloGold Ashanti, Zijin Mining, Ivanhoe, OceanaGold, Sumitomo Metal Mining, Medusa Mining and CGA Mining, among others

Our Philippine AdvantageEX

PER

TISE

• First class Philippine operating and development team

• Delivering value on time and under budget

• Leading-edge mining and social programs

• Solid social and environmental licences

• Effective relations with local communities, government and stakeholders

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Your Team

Calgary Office

Clifford M. James, President & Chief

Executive Officer

35+ years in the international natural resource sector; has held senior positions in

both oil and gas and mining companies

Queenie Lung, Chief Financial Officer Chartered Accountant with a strong financial reporting and corporate governance

background with a large international accounting firm

Rhonda Bennetto, Exec. Dir. Investor

Communications

+15 years investor relations and stakeholder marketing communication experience

and a leader in best practices and corporate compliance

Manila Office

Eugene T. Mateo, President Lawyer and a Certified Public Accountant with 37 years of experience as a Senior

Finance and Management Executive

John B. Ridsdel, Senior Vice President &

Chief Operating Officer

28 years international resource management including Country Manager for Petro-

Canada in Algeria, Myanmar, Pakistan - strong Government and Public Relations

Yulo Perez, Vice President for Philippine

Operations

Solid experience in project management and production processes and procedures.

28 years in senior roles with INCO and BHP in Southeast Asia.

Luis Jovito A. Santos Jr.,

Vice President for Finance

CPA with 18 yrs experience in financial management control, asset protection and

treasury. Extensive experience with several significant Philippine companies.

Robert Jay Nelson, Vice President for

Environment and Civil Works

Civil Engineer with 30 years in the field of consulting engineering. A Philippine

resident since 1994, was Country Manager, Philippines, for Knight-Piesold

Rene de Ocampo, Vice President for

Human Resources

17 years of experience in Human Resources with expertise in Organizational

Development, Employee Relations and Compensation and Benefits Administration.

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Liquidity & Capitalization

Shares Outstanding (mm) 487.3

TSX Share Price $0.10

Basic Market Capitalization (mm) $48.7

Cash Balance (mm)* $10

Term Facility (mm US$)* $4

Insider Ownership 22%

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AB

OU

T U

S

*As of May 13, 2010

Financial Outlook

Q1

2010

YE

2010E

Gross Revenue (mm) $27.4 $75 - 80

Operating Cash Flow (mm) $14.8 $25 - 30

Net Income (mm) $8.4 $15 - 20

Production Cash Cost ($USD per Cu lb eq) (1)

$0.56 $0.75 - 0.85

Earnings per share $0.018 $0.03 - 0.05

1 Excludes selling expenses. The copper pound equivalent is calculated using US$3.00/lb for copper, US$0.90/lb for zinc, US$1,000/oz for

gold and US$16/oz for silver for YE 2010E and US$3.28/lb for copper, US$1,117.79/oz for gold and US$16.78/oz for silver for Q1 2010.

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FO

RE

CA

ST

9

Operations3 Months ended

Mar 31/10

12 Months ended

Dec 31/09

Total tonnes of ore processed (t) 203,480 525,385

Average tonnes of ore processed per day (t) 2,261 1,439

Ore copper grade (%) 1.75 2.15

Copper recovery (%) 88.14 83.07

Concentrates produced (dry weight - t) 15,826 50,403

Average daily concentrate production (dry weight - t) 176 138

Copper lb eq produced (lbs) 8,841,433 26,823,952

Concentrate copper grade (%) 19.86 18.65

Concentrate gold grade (g/t) 4.56 4.30

Concentrate silver grade (g/t) 433.15 328.36

Production cash cost per Cu lb eq (US$) 0.56 0.61

Total cash cost per Cu lb eq (US$) 0.94 1.05

Offtake

Copper concentrates shipped (dry weight - t) 15,514 50,085

Average copper price received (US$/lb) 3.28 2.56

Canatuan Operational Highlights

Operational Outlook

Q1

2010

YE

2010E

Production (m dmt Cu Concentrate) 15.8 45 - 50

Metals Produced

Copper (mm lbs) 6.9 18 - 22

Zinc (mm lbs) - 7 - 9

Gold (m oz) 2.3 5 - 7

Silver (m oz) 220.4 410 - 420FO

RE

CA

ST

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Our Property

Tamarok & Tapisa Porphyry Copper/Gold Project

Balabag Gold Project

Canatuan Copper Mine

Tampakan Porphyry Copper/Gold Deposit

Canatuan

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Foundation For Growth

• Volcanogenic massive sulphide deposit (Cu / Zn)

• Plant commissioning complete March 1, 2009

• Current production

– average 180 tpd Cu concentrates

– average 1,900 tpd throughput

– expected remaining mine life 3.3 years

• 14 shipments to date

Initial Reserves

Proven & Probable 3,034,383 t @ 1.35% Cu, 1.05% Zn,

0.75 g/t Au & 36.09 g/t Ag

Initial Resources

Measured &

Indicated(reserves included in resources)

3,787,969 t @ 1.10 % Cu, 0.87% Zn,

0.62 g/t Au & 30.17 g/t Ag

MINDANAO

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Canatuan Mining, Production & Shipment

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Matigdao & Palalian

Tabingan

Canatuan MPSA

Potential Mine Life Extension

Canatuan

MANILA

CEBU

MINDANAO

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DMCI-CERI Partnership / Strategic AllianceST

REN

GTH

• TVI has formed a partnership with DMCI-CERI, a subsidiary of DACON Corporation – a substantial Philippine conglomerate reputed for its extensive holdings in general construction, coal mining, power generation, infrastructure, real estate development and manufacturing

• TVI and DMCI have identified a number of projects of common interest

• DMCI has long standing forestry and agribusiness operations in the Greater Canatuan Area, one of TVI’s key near-mine exploration prospects.

• DMCI have established significant infrastructure in the area including

• Roads and road maintenance• Established camps• Security services

• The existing infrastructure provided by DMCI. Combined with mutual interests in the future development of this site, will save us considerable time and cost.

• We are working closely with DMCI to expand our relationship and expect to participate together in a number of very attractive mineral properties around the country.

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• Consistent with VMS style of mineralization at Canatuan

• Tabingan

– Banded sulphide unit; ~400m exposure; -up to 20 m thick– ‘Ore-grade’ sample results

• Matigdao and Palalian

– Surface exposures; ‘ore-grade’ sample results

• Priority follow-up exploration planned, including airborne geophysical surveys over the 352 km2 tenement area

Near Mine Prospects

MID

TER

MPotential Mine Life Extension

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Mid-Term Development

• 4 month drilling program began February 2010

• Epithermal Au – Ag deposit

• 106 hole drill program (11,569 m) completed in 2007

• Mineralized zones open laterally and at depth

Balabag Resources (NI 43-101, 2008)

Indicated

Inferred

1,371,105 t @ 2.90 g/t Au & 84.3 g/t Ag

203,700 AuEqOz

1,957,168 t @ 1.96 g/t Au & 55.2 g/t Ag

234,200 AuEqOz

Balabag

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DEV

ELO

PM

ENT

Balabag – Next Steps

• Currently drilling a 4 month, 26 hole program

• 50,000 AuEq Oz ‘initial target’

• Assaying and metallurgical testing by late August 2010

• Internal Scoping Study completed by December 2010

• Bootstrap staged mine development anticipated Q1 2011

• Initial production expected Q3 2011

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Balabag Vein Systems

Miswi Vein System

Tinago Vein System

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Balabag Vein Systems

PORTFOLIO & PROSPECTS, ZAMBOANGA TENEMENTS

Total TVIRD Zamboanga Tenement Area = 164,347 ha

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High-Impact

• Multiple high-impact porphyry copper / gold and gold prospects

– Tamarok – Exploration & drilling planned

– Tapisa – Porphyry copper / gold

– Bonbon – Epithermal gold

– More than 20 additional prospects identified

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High-Impact UpsideU

PSI

DE

North Zamboanga Tenements

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Sindangan-Cotobato Fault System

Tamarok & Tapisa Porphyry Copper/Gold Project

Balabag Gold Project

Canatuan Copper Mine

Tampakan Porphyry Copper/Gold Deposit

BLU

E SK

Y

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For Comparison Purposes

Tampakan Copper-Gold Project (associated with the Sindingan Cotobato Fault System)

• Largest undeveloped copper-gold project in South East Asia and Western Pacific Region

• Confirmation of a world-class, large scale project with a 2.4 billion tonnesmineral resource base containing 13.5 Mt copper and 15.8 Moz gold

• Annual average production initially planned at 340,000 tonnes copper and 350,000 ounces gold, based on a 20 year operation

• Extended pre-feasibility study completed; Final feasibility study underway

• Cash cost US$0.46/lb of copper

• Based on the latest study the NPV* ranges from US$1.2 billion to US$2.2 billion

• Owned by Sagittarius Mines Inc. (Xstrata, Zijin Mining Group)

Tamarok….Another Tampakan??H

IGH

IMPA

CT

*Based on the latest study, but still subject to the FFS, the NPV calculated using copper prices of US$2.20/lb and US$800/ounce gold, is (at a post-tax 10% discount rate) US$1.2 billion and (at an 8% discount rate) US$2.2 billion.

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

• Exploration supports historical findings and has discovered new prospects

TAMAROK

TAPISA

CANIBONGAN

DOHINOB

TANTINGON

DIWAY

BALOC

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

• MPSA has been granted for Tamarok

• Pre-drilling exploration work underway

Tamarok & Tapisa Copper/Gold Prospects

Tamarok & Tapisa

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

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General distribution of diorite outcrops suggests a NW mineralization trend of

approximately 6 km+ along strike.

Sample data detailed in the news release titled “Tamarok - Tapisa Results Indicate Potential For Extensive Copper-Gold Mineralization System” disseminated February 7, 2007 and in TVI’s AIF filed March 26, 2009.

Silawa Gamay – 16 m @ 0.353% Cu

Silawa Daku – 16 m @ 0.233% Cu

Silawa Disakan – 110 m

@ 0.3% Cu

Tigon – 22m @ 0.92% Cu & 0.14% Au

Tudlisan – 10m @ 0.35% Cu & 0.05% Au

The Tamarok Prospect shows porphyry Cu-Au mineralization characterized by

sheeted quartz-magnetite-pyrite-chalcopyrite veinlets with minor stockworks. Abundant malachite

occurring as fracture stains.

Kamaroy Creek – 40 m @ 0.124% Cu

Tamarok & Tapisa6 km + of Cu-Au Porphyry Mineralization

Malachite Hill – 38 m @ 0.7% Cu and 0.4 g/t Au

More Than 3 Million Hours Worked With No Lost Time Incidents

SAFETY

• 2009 and to date 2010 – no lost time incidents or injuries

• Supervisory driven safety culture

• Training and accreditations of additional safety inspector

SECURITY

• Widespread community support

• Encourage local business that support operations

• Alternative sustainable livelihood programs

• Education, health services and employment programs

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Safety & Security

Canatuan Social Commitment

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Quadrants of Development

Responsive Education

InfrastructureHealth &Sanitation

SustainableLivelihood

• We’ve built hospitals and provide free 24/7 healthcare

• Building of bridges and the improvement of roads provided access to education and healthcare

• We’ve built 6 schools and provided teachers, learning tools and equipment

• We place a strong emphasis on sustainability in terms of economics, the environment and the social well being of people in the community

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Environmental Commitment

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• Structural and natural erosion and soil loss control measures

• Multiple tailings management storage facilities and controls

• Water quality monitoring and management

• Re-vegetation and Re-forestation programs

• Research and data collection

Environmental Management Programs Include

Sulphide Phase Tailings Storage Dam and Impoundment

• TVI is a ‘partner of choice’ in the Philippines

Established a reputation for ‘getting things done’ on time and under budget

Successfully performed under difficult conditions

Operating responsibly – socially and environmentally

• TVIRD team capable of undertaking new, larger, longer-life projects

• Canatuan provides cash flow ‘platform for growth’

• Projects being sought will ideally:

Add revenue streams in the near-term

Have a prolonged producing life

• Copper, gold, nickel, coal and iron projects being evaluated now

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STR

ENG

THCompetitive Advantage

Closing Observations

• Market capitalization disconnect

– Trading at around 2 x 2010E OCF p/s and 3 x 2010E NI p/s

• Solid Canatuan platform project

– Cash flow generator

– Extension/expansion potential

• Proven low-cost builder and producer

• Potential near-term and mid-term value creation with additional development projects (Near mine and Balabag)

• Value creation potential with multiple, long-term, high-impact exploration opportunities

• Dedicated, proven, well invested management team

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REW

AR

D

Connect With Us

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Rhonda BennettoExec. Dir Investor Communications403.265.4356rhonda.bennetto@tvipacific.com

Ian McCollInvestor Relations Analyst403.265.4356ian.mccoll@tvipacific.com

www.twitter.com/tvipacific www.facebook.com/tvipacific Create your own news links

Forward Looking Statements

Certain information set out in this presentation constitutes forward-looking information. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate","plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe", “scheduled” and other similar expressions. Forward-looking statements are based upon the opinions andexpectations of management of the Company as at the effective date of such statements and, in certain cases, information received from or disseminated by third parties. Although the Company believes thatthe expectations reflected in such forward-looking statements are based upon reasonable assumptions and that information received from or disseminated by third parties is reliable, it can give no assurancethat those expectations will prove to have been correct. Forward-looking statements are subject to certain risks and uncertainties (known and unknown) that could cause actual outcomes to differ materiallyfrom those anticipated or implied by such forward-looking statements. These factors include, but are not limited to, such things as the volatility of prices for precious metals and base metals, commodity supplyand demand, fluctuations in currency and interest rates, inherent risks associated with the exploration and development of mining properties, ultimate recoverability of mineral reserves, timing, results andcosts of exploration and development activities, availability of financial resources or third-party financing, new laws (domestic or foreign), changes in administrative practices, changes in exploration plans orbudgets, and availability of equipment and personnel. Accordingly, readers should not place undue reliance upon the forward-looking statements contained in this presentation and such forward lookingstatements should not be interpreted or regarded as guarantees of future outcomes.

In particular, this presentation includes forward-looking information respecting: anticipated future operating information concerning the sulphide operation at Canatuan including the processing of copper andzinc concentrates and projected production, cash costs, cash flows and income; the use of cash generated from the sulphide operation at Canatuan to support exploration and development of other TVI projectsin the Philippines; the nature and timing of future development activities at Balabag; timing for future shipments of copper concentrates to MRI and the funds to be received from such shipments; the natureand timing of anticipated exploration activities on the near-mine tenements, EXPA 61, Balabag, Tamarok, Tapisa, Bonbon and the Company’s other properties in the Philippines; estimates regarding theCompany’s capital requirements and potential financing initiatives; the evaluation of joint venture and acquisition opportunities; and the Company’s ability to raise capital and to continually add to mineralreserves through acquisitions, exploration and development.

Forward-looking information respecting future operating information concerning the sulphide operation at Canatuan (including the processing of copper and zinc concentrates and projected production, cashcosts, cash flows and income) is based upon current mining and processing activities at Canatuan, the current throughput of the sulphide plant and anticipated expansions in throughput capacity, priorexperiences of management with mining and processing at Canatuan, the estimated copper and zinc mineralization of the sulphide zone at Canatuan the current development and operating plan for Canatuan,and the Company's current budget and overall strategy for Canatuan, which plans, budget and strategy are all subject to change. Forward-looking information respecting the use of cash generated from thesulphide operation at Canatuan to support exploration and development of other TVI projects in the Philippines is based upon anticipated production and sales of concentrates at Canatuan, current mining andprocessing activities at Canatuan, the current throughput of the sulphide plant and anticipated expansions in throughput capacity, prior experiences of management with mining and processing at Canatuan,the estimated copper and zinc mineralization of the sulphide zone at Canatuan the current development and operating plan for Canatuan, and the Company's current budget and overall strategy for Canatuan,which plans, budget and strategy are all subject to change. Forward-looking information regarding nature and timing of future development activities at Balabag is based on information in NI 43-101compliant technical reports, opportunities for project financing, and management’s previous experience with the construction and operation of the gossan and sulphide operations at Canatuan. Forward-looking information regarding the frequency of future shipments of copper concentrates to MRI is based on discussions held to date with MRI, experience gained during previous concentrate shipments withMRI, the current throughput of the sulphide plant and anticipated expansions in throughput capacity, prior experiences of management with mining and processing at Canatuan, the estimated copper and zincmineralization of the sulphide zone at Canatuan, the current development and operating plan for Canatuan, and the Company's current budget and overall strategy for Canatuan, which plans, budget andstrategy are all subject to change. Forward-looking information relating to the anticipated exploration activities on the near-mine tenements, EXPA 61, Balabag, Tamarok, Tapisa, Bonbon and the Company’sother tenements in the Philippines are based upon the results of prior exploration activities, current mining and exploration activities and the Company’s current budget and overall strategy, all of which aresubject to change. In certain cases, the anticipated timing of exploration activities in the Philippines is dependent upon the receipt of regulatory approvals from government authorities in the Philippines.Forward-looking information regarding the Company’s capital requirements and potential financing initiatives are based on discussions with third parties held to date and the Company's current budget andoverall strategy which plans, budget and strategy are all subject to change. . Forward-looking statements respecting the evaluation of joint venture and acquisition opportunities is based on discussions held todate with third parties, the due diligence carried out to date and the Company’s overall plans, budget and strategy, which are all subject to change. Forward-looking statements respecting the Company’sability to raise capital and to continually add to mineral reserves through acquisitions, exploration and development is based upon current mining and processing activities at Canatuan, the current throughputof the sulphide plant and anticipated expansions in throughput capacity, prior experiences of management with mining and processing at Canatuan, the estimated copper and zinc mineralization of thesulphide zone at Canatuan, the current development and operating plan for Canatuan, information in NI 43-101 compliant technical reports , the results of prior exploration activities and the Company's currentbudget and overall strategy which plans, budget and strategy are all subject to change.

The forward-looking statements of the Company contained in this presentation are expressly qualified, in their entirety, by this cautionary statement. Various risks associated with the Company's explorationactivities are described in detail in TVI’s Annual Information Form, filed on SEDAR on March 26, 2009, which is available at www.SEDAR.com. Subject to applicable securities laws, TVI does not undertake anyobligation to publicly revise the forward-looking statements included in this presentation to reflect subsequent events or circumstances. 34

Reserves & Resources

Canatuan

• Canatuan production cash cost highlights excludes selling expenses. • Canatuan minerals resources and reserves from “43-101 Technical Report for the Sulphide Resources at the Canatuan Project of TVI Pacific Inc.” filed April 7, 2008 and

prepared by P.J. Lafleur Geo-Conseil Inc. Mine Life is 6.0 years at an initial rate of 1,300 dmt per day and increasing to 1,850 dmt in year four. Canatuan Q2, 2009 operational highlights excludes selling expenses. For the three months ended March 31, 2009, the copper pound equivalent for metals shipped was calculated using commodity prices of US$1.77/lb for copper, US$932.95/oz for gold and US$13.45/oz for silver. For the three months ended June 30, 2009, the copper pound equivalent for metals shipped was calculated using commodity prices of US$2.11/lb for copper, US$913.52/oz for gold and US$13.42/oz for silver. The copper pound equivalent for metals in ending inventory at June 30, 2009, was calculated using commodity prices of US$2.32/lb for copper, US$937.75/oz for gold and US$13.94/oz for silver.

• Sample data for Tabingan, Matigdao and Palalian taken from the news releases titled “TVI Identifies Copper-Gold Prospect Near Canatuan Mine, Philippines” disseminatedon February 13, 2007 and “TVI Confirms Additional Polymetallic Occurrences Near Canatuan Mine, Philippines” disseminated on February 15, 2007.

Balabag• Balabag indicated and inferred resources from “43-101 Technical Report for the Mineral Resources at the Balabag Project of TVI Pacific Inc.” filed August 9, 2007 and

prepared by P.J. Lafleur Géo-Conseil Inc. Gold equivalent ounces calcaulated based on $650/oz gold & $13.50/oz silver.• Balabag scoping study from “Scoping Study of the Balabag Project” dated July 8, 2008 and prepared by Genivar Limited Partnership. The Balabag Scoping Study is

preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them thatwould enable them to be categorized as mineral reserves. There is no certainty that the Balabag Scoping Study assessment will be realized and actual results may varysubstantially. Gold equivalent ounces calculated based on $650/oz gold and $13/oz silver for Base Case 1 and $900/oz gold and $17/oz silver for Base Case 2.

North Zamboanga• Sample data for Tamarok and Tapisa detailed in the news release titled “Tamarok - Tapisa Results Indicate Potential For Extensive Copper-Gold Mineralization System”

disseminated February 7, 2007 and in TVI’s AIF filed March 26, 2009.

Tampakan• Material sourced from Indophil Resources NL website at www.indophil.com• Tampakan net present value based on latest feasibility study, but still subject to a final feasibility study. Net present value calculated using copper prices of US$2.20/lb and

US$800/ounce gold, is (at a post-tax 10% discount rate) US$1.2 billion and (at an 8% discount rate) US$2.2 billion.

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