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Foreign exchange loss for the year ended June 30, 2019 was $64,491 (year ended June 30, 2018 ‐ foreign
exchange gain of $470,966). The Company holds a large portion of cash and cash equivalents and bonds in
US dollars while the Company’s functional currency is Canadian dollars. The fluctuation in exchange rates
between the US dollar and Canadian dollar will impact the financial results of the Company. During the year
ended June 30, 2019, the US dollar depreciated by 0.6% against Canadian dollar (from 1.3168 to 1.3087)
while in the prior year the US dollar appreciated by 1.5% against Canadian dollar (from 1.2977 to 1.3168).
SILVER SAND PROPERTY
The Company started the preparation work for the planned exploration program after the acquisition of the
Silver Sand Property. In October 2017, the Company successfully received exploration permits required by
the relevant Bolivian government authorities and immediately commenced its 2018 drill program on the
property. By mid‐December 2018, a total of 55,010 metres in 195 HQ size diamond core drill holes had been
completed. On January 22 and February 20, 2019, through two separate news releases, the Company
released the results of 195 drill holes that had assay results received and analyzed, of which 190 holes
intercepted silver mineralization. In April 2019, the Company commenced the 2019 drill program at the
Silver Sand Property. The total budgeted metreage for 2019 drill program is approximately 55,000 metres of
diamond core drilling.
For the year ended June 30, 2019, total expenditures of $10,725,924 (year ended June 30, 2018 ‐ $6,553,301)
were capitalized under the property for expenditures related to the 2018 and 2019 drill program, site and
camp preparation, maintaining a regional office in La Paz, and building a management team and workforce
for the property.
As part of the Silver Sand Property’s expansion plan, on January 11, 2019, the Company entered into the MPC
with COMIBOL to explore and mine the area adjoining the Silver Sand Property. The MPC remains subject to
ratification by the Plurinational Legislative Assembly of Bolivia. In addition, in July 2018, the Company
entered into an agreement with private owners to acquire their 100% interest in certain mineral concessions
located adjacent to the Silver Sand Property. For the year ended June 30, 2019, the Company acquired total
mineral concessions valued at $2,631,200 (US$2,000,000) by cash payments of $1,315,600 (US$1,000,000)
and issuance of 832,000 of its common shares.
WARRANTS EXERCISE
On May 22, 2019, the Company raised gross proceeds of $19,950,000 as a result of 9,500,000 previously
issued common share purchase warrants (the “Warrants”) being exercised (the “Warrant Exercise”) by Pan
American Silver Corp. (“Pan American”) and Silvercorp Metals Inc. (“Silvercorp”).
The Warrants were issued in connection with the Company’s strategic private placement of units completed
in November 2017 pursuant to which Pan American subscribed for 16,000,000 units and Silvercorp
subscribed for 3,000,000 units. Each unit was comprised of one common share of the Company (a “Common
Share”) and one half of one Warrant. Each whole Warrant was exercisable into one Common Share at an
exercise price of $2.10 per Common Share. For further details of the Warrant Exercise, please refer to the
Company’s news release dated May 22, 2019.
COZYSTAY SHARES
Further to the Company's news releases dated March 28, 2019 and April 1, 2019, the Company and Silvercorp
have determined not to proceed with the sale of 750,750 shares of CozyStay Holdings Inc. by the Company to
Silvercorp pursuant to the share purchase agreement entered into between the parties.
ABOUT NEW PACIFIC
New Pacific is a Canadian exploration and development company which owns the Silver Sand Project, in the
Potosi Department of Bolivia, the Tagish Lake Gold Project in Yukon, Canada and the RZY Project in Qinghai
Province, China.
For further information, please contact:
New Pacific Metals Corp.
Gordon Neal
President
Phone: (604) 633‐1368
Fax: (604) 669‐9387
www.newpacificmetals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY NOTE REGARDING FORWARD‐LOOKING INFORMATION
Certain of the statements and information in this news release constitute “forward‐looking statements” within the
meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward‐looking information”
within the meaning of applicable Canadian provincial securities laws. Any statements or information that express
or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words or phrases such as “expects”, “is expected”,
“anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”,
“forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions,
events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any
of these terms and similar expressions) are not statements of historical fact and may be forward‐looking
statements or information.
Forward‐looking statements or information are subject to a variety of known and unknown risks, uncertainties and
other factors that could cause actual events or results to differ from those reflected in the forward‐looking
statements or information, including, without limitation, risks relating to: fluctuating equity prices, bond prices,
commodity prices; calculation of resources, reserves and mineralization, foreign exchange risks, interest rate risk,
foreign investment risk; loss of key personnel; conflicts of interest; dependence on management and others.
This list is not exhaustive of the factors that may affect any of the Company’s forward‐looking statements or
information. Forward‐looking statements or information are statements about the future and are inherently
uncertain, and actual achievements of the Company or other future events or conditions may differ materially from
those reflected in the forward‐looking statements or information due to a variety of risks, uncertainties and other
factors, including, without limitation, those referred to in the Company’s Annual Information Form for the year
ended June 30, 2018 under the heading “Risk Factors”. Although the Company has attempted to identify important
factors that could cause actual results to differ materially, there may be other factors that cause results not to be as
anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward‐
looking statements or information.
The Company’s forward‐looking statements or information are based on the assumptions, beliefs, expectations and
opinions of management as of the date of this news release, and other than as required by applicable securities
laws, the Company does not assume any obligation to update forward‐looking statements or information if
circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any
other events affecting such statements or information. For the reasons set forth above, investors should not place
undue reliance on forward‐looking statements or information.