TVI Provides Second Default Status Update

Executive Summary

• TVI Pacific Inc. issued its second bi-weekly Default Status Report under National Policy 12-203 regarding ongoing delays in filing its 2025 annual audited financials and Q1 2026 interim financial statements.
• The Alberta Securities Commission approved an extension of the Management Cease Trade Order (MCTO) until June 16, 2026.
• Management expects to file the required annual and interim financial statements by June 8, 2026, and within five business days thereafter, to remedy the default and avoid a potential issuer cease trade order.

Key Details

• Report Type: Second bi-weekly Default Status Report under National Policy 12-203 Management Cease Trade Orders.
• Delayed Filings: Annual audited financial statements, annual MD&A, and related certifications for the year ended December 31, 2025; Interim unaudited financial statements, interim MD&A, and related certifications for the three-month period ended March 31, 2026.
• Regulatory Action: Alberta Securities Commission approved extension of the Management Cease Trade Order (MCTO), originally granted May 4, 2026, until June 16, 2026.
• Remediation Timeline: Audit is ongoing; management expects to file the Required Filings on or before June 8, 2026. Interim Filings will be filed within five business days of the Required Filings.
• Compliance Requirement: Company will continue issuing bi-weekly Default Status Reports via press releases until the financial statement filing requirement is fully satisfied.
• Regulatory Risk: Failure to file the Required and Interim Filings in a timely manner may result in Canadian Securities Regulatory Authorities imposing an issuer cease trade order on the Corporation's outstanding securities.
• Company Profile: Canadian resource company focused on mining projects in the Philippines, maintaining a 30.66% equity interest in TVIRD.