Tvx Gold Announces the Resumption of Base Metal Production at the Stratoni Mill at its Kassandra Mines Complex.

TORONTO--(BUSINESS WIRE)--March 27, 1996--TVX GOLD INC. (TSE, ME, NYSE:TVX) TVX Gold is pleased to announce the resumption of base metal operations at the Stratoni mill.

TVX Gold's wholly owned subsidiary, TVX Hellas A.E., purchased the Kassandra Mines assets on Dec. 21, 1995. At that time, all activities were suspended to effect a comprehensive refurbishment of the operations including the Olympias and Stratoni mills and the Olympias, Madem Lakkos and Mavres Petres mines and to enable employees to be retrained.

TVX Hellas completed the basic refurbishment of its Stratoni mill over the last ten weeks including upgrading the facility, modernizing and enhancing existing flotation cells, updating certain machinery and replacing reagent lines. During this period, employees have been receiving training in modern mining and milling methods, including alternate ground control, and safety techniques and practices consistent with TVX Gold's corporate standards.

The Stratoni mill plans to produce a lead-zinc concentrate at a rate of 700 tpd with mill feed from the nearby Madem Lakkos underground mine where mining has recommenced. Initial mill recoveries are approaching approximately 90 percent with the potential for further improvements based on tests conducted at the Lakefield Research test facility.

In keeping with Greek tradition, the Bishop of Chalkidiki christened the facility on its reopening.

CONTACT: TVX Gold Inc.

Ed Baer, 416/941-0119