New Pacific Announces 2023 AGM Results and Appoints New Directors

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NEWS RELEASE

New Pacific Announces 2023 AGM Results

and Appoints New Directors

Vancouver, British Columbia – December 1, 2023 – 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 and special meeting of shareholders held today

(“AGM”) as set out in the Comp any’s Notice of Meeting and Management Information Circular,

both dated October 25, 2023, were approved by the requisite majority of votes cast at the AGM.

A total of 135,408,255 common shares, representing 79.23% 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

Andrew Williams 124,034,097 99.82% 229,529 0.18%

Dickson Hall 123,968,608 99.76% 295,018 0.24%

Martin Wafforn 113,917,547 91.67% 10,346,079 8.33%

Maria Tang 123,978,547 99.77% 285,079 0.23%

Dr. Peter Megaw 123,735,935 99.58% 527,691 0.42%

Paul Simpson 124,056,817 99.83% 206,809 0.17%

Myles Gao 124,055,065 99.83% 208,561 0.17%

Shareholders also approved the share-based compensation plan and the re-appointment of

Deloitte 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.sedarplus.ca and on the Company's website at

www.newpacificmetals.com.

The Company would like to welcome Andrew Williams and Myles Gao to the Board of Directors.

Dr. Rui Feng and Mr. Terry Salman did not stand for re -election as directors. The Company

thanks Dr. Rui Feng for his leadership and vision over the past several years, and thanks Mr.

Terry Salman for his invaluable contributions to the Company.

Mr. Williams is the CEO of the Company. Prior to joining New Pacific, Mr. Williams spent the last

11 years with SEC -registered investment fund Sun Valley Gold LLC, most recently as portfolio

manager. Mr. Williams began his career at Deloitte providing audit and financial advisory services

to mining companies in Vancouver. Mr. Williams holds a Bachelor of Commerce with Honours

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from the University of British Columbia and is a Chartered Professional Accountant and a

Chartered Business Valuator.

Mr. Gao is a seasoned geologist and mining executive with over 30 years of experience. He has

extensive experience in mining and exploration projects both in Canada and in other jurisdictions.

Mr. Gao received a Master of Science in Geology from the Laurentian University.

ABOUT NEW PACIFIC

New Pacific is a Canadian exploration and development company with three precious

metal projects in Bolivia. The Company’s flagship Silver Sand project has the potential to

be developed into one of the world’s largest silver mines. New discoveries and exploration

success at the Carangas Silver -Gold Project and the Silverstrike Silver -Gold Project

further display the Company’s capability of growing its shareholders’ value through careful

project identification, acquisition, thorough geological study and well-planned drilling.

For further information, please contact:

Andrew Williams, Chief Executive Officer

New Pacific Metals Corp.

Phone: (604) 633-1368 Ext. 236

1750-1066 Hastings Street, Vancouver, BC V6E 3X1, Canada

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.