Appointment of CEO and Chairman of the Board

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NEWS RELEASE

Appointment of CEO and Chairman of the Board

VANCOUVER, BRITISH COLUMBIA – JANUARY 24, 2022 – New Pacific Metals Corp. (“New

Pacific” or the “Company”) (TSX: NUAG; NYSE American: NEWP) announces that the board of

directors (the “Board”) has accepted the resignation of Dr. Mark Cruise as Chief Executive Officer

(“CEO”) and as director of the Board of New Pacific. The Company wishes Dr. Cruise well in his

future endeavours.

The Board has appointed Dr. Rui Feng as the CEO. Dr. Feng is the founder of the Company and

served as CEO until April 27, 2020. Dr. Feng has stepped down as the Chairman of the Board

and Terry Salman has been appointed as the Chairman of the Board.

ABOUT NEW PACIFIC

New Pacific is a Canadian exploration and development company with precious metal projects,

including the flagship Silver Sand Project, the Silverstrike Project and the Carangas Project, all of

which are located in Bolivia. The Company is focused on progressing the development of the

Silver Sand Project, while growing its Mineral Resources through the exploration and acquisition

of properties in the Americas.

For further information, please contact:

Stacey Pavlova, CFA

VP, Investor Relations and Corporate Communications

New Pacific Metals Corp.

Phone: (604) 633-1368

U.S. & Canada toll-free: 1-877-631-0593

E-mail: [email protected]

www.newpacificmetals.com

To receive company news by e -mail, please register using New Pacific’s website at

www.newpacificmetals.com.