TVI CORPORATE PRESENTATION

Asia Mining Congress - Singapore March 2013

PRODUCTION DEVELOPMENT EXPLORATION

Focused on Production and Growth

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FORWARD-LOOKING STATEMENTS

Qualified Person

Yulo Perez, Chief Operations Officer of TVI Resource Development (Phils.), Inc. (TVIRD), Fellow AusIMM, is the qualified person under

NI 43-101 who has approved the scientific and technical information in this presentation.

Forward-looking Statements

This presentation contains certain forward-looking information (referred to herein as "forward-looking statements"). Forward-looking

statements are often, but not always, identified by the use of words such as "anticipate", "plan", "intend", "estimate", "scheduled",

"expect", "may", "will", "should", or similar words suggesting future activities or outcomes. The forward-looking statements set out in this

presentation include information relating to interests that may be earned by TVIRD in the Agata and Pan de Azucar joint ventures;

opportunities for exploration, development and commercialization of the Agata Mining Project (including the High Fe and Limestone

DSO/Lime Production Facility and the Agata Nickel Processing Plant), and the Pan de Azucar Pyrite Project.

Forward-looking statements are subject to certain risks and uncertainties that could cause actual events or outcomes to differ materially

from those anticipated or implied by such forward-looking statements. Those risks and uncertainties include, but are not limited to: (A)

results of further work in pursuing the conceptual planning described in this presentation not supporting current expectations as to the

opportunities outlined; (B) TVIRD not funding the necessary expenditures at Agata or Pan de Azucar to advance the projects or earn an

interest under the joint venture agreements due to, among other things (i) changes in TVIRD's strategic priorities, due diligence findings,

changes in laws or regulations affecting mining operations in the Philippines (including the profitability of such operations), and other

factors, (ii) changes in TVIRD budgets and (iii) limited availability of funds; (C) a determination on the part of TVIRD not to pursue projects

contemplated by one or more of the joint venture agreements noted above for technical, economic, legal or other reasons (including,

without limitation, a failure to obtain required permits or other governmental or regulatory approvals); and (D) certain other risks identified

elsewhere in TVI's public filings, including, without limitation, those risk factors set forth at pp. 46-52 of TVI's annual information form

dated March 20, 2012. Accordingly, readers should not place undue reliance upon the forward-looking statements contained in this news

release and such forward-looking statements should not be interpreted or regarded as guarantees of future outcomes.

The forward-looking statements contained in this presentation are made as of the date hereof and TVI does not undertake any obligation

to update publicly or to revise any of the included forward-looking statements, except as required by applicable Canadian securities law.

The forward-looking statements contained herein are expressly qualified by this cautionary statement.

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TVI PACIFIC CORPORATE SNAPSHOT

An emerging mid-size diversified miner

• Publicly-listed on the Toronto Stock Exchange since 1995

(Stock symbol: TVI)

• Head office – Calgary, Alberta, Canada

• Operates the Canatuan Copper-Zinc Mine located in the

Philippines through its affiliate – TVI Resource Development,

Philippines Inc. (“TVIRD”)

• Advancing the Balabag Gold/Silver project towards

production of 50,000 gold equivalent ounces per year by

2014

• Advancing 3 near-term, cash flow-generating, Hi Iron,

Limestone and Pyrite Direct Shipping Ore projects in the

Philippines where it can earn a 60% interest

• Advancing a long life mid-size Ni laterite processing project in

the Philippines where can earn a 60% interest

• Advancing a large, Iron/Titanium/Vanadium Mineral sands

project in PNG

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TVI Pacific is focused on the production, development and exploration of a portfolio of diversified

resource projects in Southeast Asia

Key goal is to generate cash flow from multiple commodity sources to offset cycle risk and pace the

Company’s cash flow streams

KEY STRENGTHS

• Experienced management team with proven ability to design, build and

operate – almost exclusively Filipino

• Ability to design and build mines with low initial CAPEX, on time and on

budget

• Strong operating capability

• Pipeline of diverse projects underpinned by large resource base with strong

cash flow generating ability

• Country’s role model for best practices

• Prudent financial manager

• Has the ability to finance future growth using current cash, expected internal

cash flow and by utilizing debt capacity

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FINANCIAL TRACK RECORD

Millions $ CAD Q3 2012 2011 2010 2009(3) 2008(3)

Gross revenue 65.9 94.0 80.3 73.3 5.8

Operating income 0.1 (1) 5.6 (2) 21.7 25.6 (6.4)

Net income 0.3 3.5 11.3 18.3 (12.8)

EBITDA 9.3 19.0 23.4 23.5 (4.9)

EBITDA before exploration and one-time due

diligence costs and other fees

12.9 24.1 29.1 23.9 (3.3)

Cash 9.5 23.7 8.9 14.0 2.8

Debt 7.6 16.2 17.7 31.4 44.7

Notes:

(1) Reduced by one-time due diligences costs and other fees of $2 million related to the acquisition of interests in Foyson and Mindoro

Resources

(2) Increase in Mining, Milling and Other Expenses within the year

(3) First time adoption of IFRS

TVI’s Canatuan mine began producing gold/silver and subsequently converted to a copper/zinc circuit in Q2 2011.

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OUR ASSETS

A Diversified and well-balanced portfolio

• Exploration and development projects in highly prospective

areas in SE Asia

• Pipeline of growth asset

­ Geographic spread

­ Multi-commodity diversification

­ Substantial upside

• Unhedged exposure to metal prices

• Industrial minerals price stability

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PAN de AZUCAR

Pyrite

SURIGAO PROJECTS

Laterite Nickel &

Limestone

CANATUAN

Operating Mine

BALABAG

Mine Development

North Zamboanga

Exploration

The Philippines

PORTFOLIO OF EXCITING NEAR TERM

CASH FLOW-GENERATING GROWTH

OPPORTUNITIES

• Current cash flow

generator till Q4 2013 –

Q1 2014

• Mine life may be

extended with new

discoveries - Malusok

and SE Malusok or

DSO

• Infrastructure Base for

new mining and/or

agriculture activities

• Expected to come

on-stream in

Q3/2013

• Hi Fe DSO cash

flow expected to

commence in 2013

• Limestone DSO –

early 2014

• Pyrite DSO – mid

2014

Canatuan

Mine

DSO Projects:

• Agata HiFe

Laterite DSO

• Agata Limestone

DSO

• PdA Pyrite DSO

Balabag

Mine

Agata Nickel

Laterite

Processing

• Expected to come

on-stream in

Q1/2014

• Cash flow expected

to commence in

2014

• Expected to begin

production in 2015

• Expected to provide

a long-term, steady

cash flow platform

for TVI

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CANATUAN CU-ZN MINE

Track record of delivery…

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40 km / 25 mi

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3

3 3

2

Low Cash Cost Producer:

• Cash cost = $1.40lb Cu Eq; Cash

cost net of by-products: $0.83/lb Cu

• Limited mine life from current

orebody – Q4 2013/Q1 2014

Extensions to pit ore

continue to be discovered

Near mine prospects to

extend mine life include:

­ Malusok

­ SE Malusok

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ENVIRONMENT AND SAFETY – AWARDED

PHILIPPINES “BEST OF THE BEST”

Winner of multiple prestigious awards during the 2012 Presidential Mineral

Industry Environmental Awards:

• Winner – Presidential Mineral Industry Environment Award – Platinum

• Winner – Safest Surface Mining operation

• Winner – Safest Mineral Processing – Concentrator Category

Past awards include:

• Titanium Award for Excellence in Environmental Management (2011, 2010)

• Safest Mining Operation (2011)

• Safest Surface Mining Operation (2011)

• Safest Mineral Processing, Concentrator Category (2011, 2010)

• Mining Forest Awards, Metallic Category (2010)

• Health and Safety Award (2010)

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• First Dore Pour Targeted Q1/2014

• 273 holes drilled (31,752 meters)

• Open Pit initially, then UG

• Average mine production – 50,000

AuEqOz /yr expected

• Initial Mine Life 5 yrs

• Robust Economics:

­ NPV8% = US$91M after tax

­ Payback = 14 mths start Prod

­ CAPEX = US$25M

­ OPEX = US$516/oz Au equiv

­ [Au=$1,400/z; Ag=$28/oz]

• $23 M low interest project finance

secured

• Cash flow expected to fund near-

term Company growth

• Recent Key Developments: ­ All illegal mining operations stopped

­ EIS submitted

­ ECC being processed

Manila

BALABAG

CANATUAN

ZAMBOANGA PENISULA

BALABAG AU-AG PROJECT

Quick payback & high NPV8% of US$91M

Balabag Resource: 2MT @ 2.86 g/t Au, 93g/t Ag = 309,000 Oz Au equivalent

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TVIRD – MINDORO JV PROJECTS Short to medium term growth opportunities

Limestone

Laterite

• Agata High Fe DSO:

­ ~7Mt at >45% to 50% Fe(1)

­ Simple surface mining

• Agata Limestone DSO:

­ >30 Mt @ >95% CaCO3 (1)

­ <1km from deep water port

• PDA Pyrite DSO:

­ >10 – 40 Mt @ >35 - 40% S (2)

­ Source for Sulf. Acid prod.

• Agata Ni Processing Plant

­ Leaching technology

­ 7,000 tpy Ni metal equivalent

TVI HAS RIGHT TO EARN 60% IN ALL PROJECTS

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(1) Historical estimates of mineral resources and mineral reserves at Agata are set out in the technical report entitled Technical Report for the Agata Nickel Laterite Project , Mindanao, Philippines” dated 20 December 2011

prepared by Ausenco for Mindoro (the "Agata Report"). Key assumptions, parameters and methods used to prepare the historical estimates are set out in the Agata Report, which uses the categories required by NI 43-

101. The historical estimates in the Agata Report and referred to in this presentation are believed by the Company to be relevant and reliable for the preparation and execution of development plans but the qualified person

named on Slide 2 of this presentation has not verified or done sufficient work to classify the historical estimates as current mineral resources or mineral reserves and is not treating the historical estimates as current mineral

resources or mineral reserves. To upgrade or verify the historical estimates as current mineral resources or mineral reserves would require the completion of a new technical report.

(2) As described in Mindoro’s news release dated February 8, 2012. The potential quantity and grade has been determined by averaging the intercepts from the drill assays. The potential quantity and grade is conceptual

in nature, there has been insufficient exploration to define a mineral resource (including number of holes drilled) and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Source: Mindoro

Key Highlights:

• First Ni Metal Targeted H1/2015

• Annual metal production - 7ktpy Ni

metal equivalent as Ni hydroxide

• Plant life - approximately 20-years

• -1st 5 years 1.5% Ni (1) ore feed

• Easily scalable to 14ktpy with reduced

mine life

• 2-stage tank leach process

• Technology for tank leaching is proven and operating in China

• Low capex estimated @ <US$ 100M

• Low annual opex estimated @

~US$4/lb - ~US$9000/Mt

• High Ni recovery >90%

• In house scoping study shows robust

economics

• All key elements for plant including

pyrite for sulphuric acid and limestone

readily available

AGATA NICKEL PROCESSING PROJECT

Long Life, Low Capex and Opex (1)

• Agata N Resource:

• 32.6Mt M&I – 1.04% Ni

• Based on 682 holes drilled

• Current Status:

­ Initial internal scoping study complete

­ Test work well underway

­ Feasibility study underway

­ Experienced project team

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(1)Historical estimates of mineral resources and mineral reserves at Agata are set out in the technical report entitled Technical Report for the Agata Nickel Laterite Project , Mindanao, Philippines” dated 20 December 2011 prepared by Ausenco for Mindoro (the

"Agata Report"). Key assumptions, parameters and methods used to prepare the historical estimates are set out in the Agata Report, which uses the categories required by NI 43-101. The historical estimates in the Agata Report and referred to in this

presentation are believed by the Company to be relevant and reliable for the preparation and execution of development plans but the qualified person named on slide 2 of this presentation has not verified or done sufficient work to classify the historical estimates

as current mineral resources or mineral reserves and is not treating the historical estimates as current mineral resources or mineral reserves. To upgrade or verify the historical estimates as current mineral resources or mineral reserves would require the completion of a new technical report.

TECHNOLOGY FOR TANK LEACHING IS

PROVEN AND OPERATING IN CHINA

Ni & Co Products

25-30% Total Feed High Mg Saprolite

40ktpy

460ktpy

Leach

Cir

cu

it

Ni &

Co

Reco

very

Cir

cu

it

70-75% Total Feed Limonite + Low Mg

Saprolite

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TVI-FOYSON JV PROJECTS Medium to longer term growth opportunities

• Amazon Bay (“AB”) Mineral Sands:

­ Very large potential resource

­ Iron/Vanadium/Titanium-rich

­ DSO potential being assessed

­ Hydromet/Pyromet processes to be tested

• Atui Copper Porphyry:

­ Drilling completed in 2012

­ Confirmed porphyry target

• Portfolio of 4 Priority Targets:

­ Legusulum – Cu-Mo-Au Porph.

­ Palabong – Cu-Mo-Au Porph.

­ Tanga Isl. – Au-Ag-Cu Epith. ­ Mussau – Au-Ag Epith.

• Immediate goal – develop AB DSO operation

• Potential to be world leader in development

of iron sands projects.

• Through corporate ownership and option TVI

has opportunity to maximise asset value and

share +/-50% of value uplift

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PROJECTS TIMELINE*

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* This timeline is intended to provide an indication of the current expectations of TVI’s management and project team and are still

conceptual in nature. Achievement of the timelines is contingent on the receipt of permits on a timely basis, among other things.

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Canatuan CU-Zn ProductionRehabilitation - Mine Closure

Agata High Fe DSO ConstructionProduction

Balabag Au-Ag ProductionBalabag Exp Drilling

Agata Limestone DSO Production

Lime Production FS Construction Production

Agata Ni Project FS Construction Production

PDA Pyrite DSO ProductionPyrite-Acid Plant FS Production

`

Amazon Bay Sands Production

Atui

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2018 2019 2020

Met Test +

Plant Design

2015 2016 20172012 2013 2014

ConstDrill

Exploration/Drilling

Drilling &

Sampling

Process

Tech Met

Tests

Marketing

Feasibility

StudiesConstruction

ConstructionStudies

Design

Permits

Const

2019 20202012 2013 2014 2015 2016 2017 2018

Permits

ConstPermits

Permits Drill

Drill

TVI CORPORATE PRESENTATION

Asia Mining Congress - Singapore March 2013

PRODUCTION DEVELOPMENT EXPLORATION

Focused on Production and Growth

16

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