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New Pacific Announces 2022 Agm Results and Appoints New Directors

Management Changes Shareholder Meetings

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NEWS RELEASE 

NEW PACIFIC ANNOUNCES 2022 AGM RESULTS

AND APPOINTS NEW DIRECTORS

Vancouver, British Columbia – December 5, 2022 – New Pacific Metals Corp. (“New Pacific”

or the “Company”) (TSX: NUAG; NYSE American: NEWP) is pleased to report that all matters

submitted for approval at New Pacific’s annual meeting of shareholders held today (“AGM”) as

set out in the Company’s Notice of Meeting and Management Information Circular, both dated

October 24, 2022, were approved by the requisite majorit y of votes cast at the AGM. A total of

121,349,139 common shares, representing 77.43% of the votes attached to all outstanding

shares as at the record date for the meeting, were represented at the AGM.

The details of the voting results for the election of directors are set out below:

Votes For Withheld

Director Number Percentage Number Percentage

Dr. Rui Feng 110,389,909 99.34% 738,661 0.66%

Terry Salman 110,433,659 99.37% 694,911 0.63%

Martin Wafforn 111,005,804 99.89% 122,766 0.11%

Maria Tang 110,857,115 99.76% 271,455 0.24%

Dickson Hall 110,998,859 99.88% 129,711 0.12%

Dr. Peter Megaw 110,980,857 99.87% 147,713 0.13%

Shareholders also approved the re-appointment of D eloitte LLP as auditors of the Company for

the ensuing year. Final results for all matters voted on at the AGM will be filed on SEDAR at

www.sedar.com and on the Company's website.

The Company would like to welcome Dr. Peter Megaw and Mr. Dickson Hall to the Board of

Directors. Mr. Jack Austin and Mr. David Kong did not stand for re-election as directors. The

Company thanks Mr. Austin and Mr. Kong for their valuable contributions over the years.

Dr. Peter Megaw, C.P.G. has over 30 years of experience with a focus on silver and gold

exploration. He is a director of Relevant Gold Corp., Minaurum Gold Inc. and Jade Leader Group.

Dr. Megaw is a certified professional geologist of the American Institute of Professional Geologists

and an Arizona Registered Geologist. Dr. M egaw has been instrumental in many mineral

discoveries in Mexico. He received the PDAC’s 2016 Thayer Lindsley Award.

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Mr. Hall has over 40 years of experience in finance and corporate development, with a strong

emphasis on the mining sector. He is a Partner at Valuestone Advisors Limited, sole advisor of

Valuestone Global Resource Fund 1, a director of Bunker Hill Mining Corp. and MEC Advisors

Limited. He is also the sole manager of Can-China Global Resources Fund and a former

consultant for Hunter Dickson Inc. Fluent in Mandarin and well-experienced in Chinese business

culture, Mr. Hall has worked with an extensive group of multinationals, trade associations and

government organizations with China operations, including British Petroleum, Ranger Petroleum,

BC Council of Forest Industries, Government of Canada, Government of British Columbia. Mr.

Hall is a graduate of the University of British Columbia.

ABOUT NEW PACIFIC METALS

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

Bolivia. The Company’s flagship Project, the Silver Sand Silver Project, 2022 MRE 94% in

Measure + Indicated: 201.8 M oz at 116 g/t Ag. Inferred: 13.0 M oz at 88 g/t Ag. Measured and

Indicated Ag increased 30%; PEA early Jan 2023. The recently discovered Carangas Silver-Gold

Project is undergoing a 40,000 m drill program. The third project, the Silverstrike Silver-Gold

Project, commenced a 6,000 m discovery drill program in June 2022, and a near-surface broad

gold zone was discovered in its first drill hole.

On behalf of New Pacific Metals Corp.

Dr. Rui Feng

Director and CEO

FOR FURTHER INFORMATION

New Pacific Metals Corp.

Phone: (604) 633-1368 Ext. 222

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

E-mail: [email protected]

For additional information and to receive company news by e-mail, please register using New

Pacific’s website at www.newpacificmetals.com.