TVI Pacific Inc. provided an update of exploration activities at the Balabag gold and silver mine. The Balabag Mine Phase 5B drilling program was completed on November 8, 2021 and included a total of 31 drillholes with overall meterage of 4,204.30 meters drilled at the Lalab, Miswi, South Tinago and West Tinago areas. Since TVIRD commenced its own drilling program at Balabag in November 2005, it has completed 428 drillholes with an aggregate meterage of 47,521.35 meters. Neither of the Phase 5A or Phase 5B drilling results have been included in the NI 43-101 Technical Report entitled "NI 43-101 Exploration Results and Mineral Resource Update Report on the Balabag Gold-Silver Project" dated July 19, 2021 and filed under the Company profile on SEDAR on July 20, 2021 as that Technical Report has been based only on drill results collected through to completion of the Phase 4 drilling program in December 2020. Thirty-one (31) drillholes were completed to test the extension of known main veins in the Balabag Hill. Significant intercepts from the Phase 5B drilling, targeting West Tinago, South Tinago, Miswi and Lalab veins in the main Balabag Hill. Six drillholes in the West Tinago area returned gold assays above 1 g/t Au, showing mineralized vein continuity directly to the west of the main Tinago vein system. Vein extension to the west of Tinago was confirmed with drillholes BLDH-21-396, BLDH-21-400, BLDH-21-406, BLDH-21-409, BLDH-21- 413 and BLDH-21-417. Drillhole BLDH-21-397R, drilled at the South Tinago area, yielded notable assays at shallow depth of 3.90 meters to 14.50 meters, yielding 2.86 g/t Au and 21.13 g/t Ag. High gold intercepts were also reported from BLDH-21-407 and BLDH-21-418, both situated in Lalab. Core samples collected from 233.75 meters to 237.75 meters of BLDH-21-407 produced an average of 4.10 g/t Au and 29.30 g/t Ag while 3.54-meter intercept from BLDH-21-418 produced an average of 4.59 g/t Au and 16.09 g/t Ag intersected at depth of 147.90 to 151.44 meters. At the Miswi area, BLDH-21-399 produced an assay of 2.26 g/t Au and 17.20 g/t Ag at 22.80 meters to 28.30 meters and another zone from 97.60 meters to 100.00 meters intercepting 2.4 meters producing 5.66 g/t Au and 22.48 g/t Ag. The results of the Phase 5B drilling program provide more geological information that supports the downdip extension of the Lalab vein system and the potential extension of veins to the east at Miswi and to the west at Tinago. New target resource potential was identified at the southern portion of Tinago. Further to the results provided through the Phase 5A and 5B drilling programs, TVIRD has developed a Phase 6 program that includes additional in-fill resource drilling and follow-up mapping of Balabag and its immediately surrounding area. This program is expected to be performed in 2022. The primary focus of this program will be to more thoroughly explore and further define resources within an expanded ultimate pit. A total meterage of 4,500 meters is expected to be drilled and to include lateral continuity of the West Tinago vein system, the northeast extension of South Tinago stockwork zones and the lateral and east continuity of the East Miswi vein system. Exploration of vein continuity is expected to follow in a subsequent program at a later date.