TVI Pacific's 30.66% owned TVIRD Signs Memorandum of Agreement on Restructuring of the Mabilo Project

CALGARY, AB, May 23, 2023 /CNW/ - TVI Pacific Inc. (TSXV:TVI.VN) (OTCPink:TVIPF) ("TVI" or "the Company") is pleased to announce that TVI Resource Development Phils., Inc. ("TVIRD"), a Philippines corporation in which TVI holds a 30.66% interest, and its wholly-owned SageCapital Partners, Inc. ("SageCapital") has signed a binding agreement (the "Agreement") with RTG Mining Inc. ("RTG") (TSX: RTG, ASX: RTG) with respect to an agreed restructuring of the Mabilo Project ("Mabilo").  TVIRD holds a 60% indirect interest in Mabilo through SageCapital, a holding company incorporated under the laws of the Philippines which, in turn, owns 60% of the outstanding capital stock of Mt. Labo Exploration and Development Corporation ("MLEDC"), a Philippines mining and minerals exploration development company whose projects are based in Camarines Norte, Philippines, and which is the owner and operator of Mabilo.