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NUAG.TO ·

New Pacific Announces Grant of Restricted Share Units

Share Capital & Compensation

NEWS RELEASE

Trading Symbol TSX-V: NUAG

OTCQX: NUPMF

NEW PACIFIC ANNOUNCES GRANT OF RESTRICTED SHARE UNITS

VANCOUVER, British Columbia – December 5, 2019 – New Pacific Metals Corp. (“New Pacific” or the

“Company”) announces today that it has granted an aggregate total of 1,064,600 restricted share un its of

the Company (" RSUs ") to certain eligible participants under the Compa ny's share based compensation

plan (the " Incentive Plan "). The RSUs have a term of two years and will vest on the basis of 25% on each

of the 6, 12, 18 and 24 month anniversary of the gr ant date. Each RSU entitles the recipient to recei ve

one common share in the capital of the Company at t he time of vesting. The Incentive Plan was

approved by the shareholders of the Company, includ ing on a disinterested basis, at its most recent

annual general meeting and remains subject to the final approval of the TSX Venture Exchange.

ABOUT NEW PACIFIC

New Pacific is a Canadian exploration and developme nt company which owns the Silver Sand Project in

Potosí Department, Bolivia and the Tagish Lake gold project in Yukon, Canada.

For further information, contact:

New Pacific Metals Corp.,

Gordon Neal

President

Phone: (604) 633-1368

Fax: (604) 669-9387

[email protected]

www.newpacificmetals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in polic ies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATI ON

Certain of the statements and information in this n ews release constitute “forward-looking information ” within the

meaning of applicable Canadian provincial securitie s laws. Any statements or information that express or involve

discussions with respect to predictions, expectatio ns, beliefs, plans, projections, objectives, assump tions or future

events or performance (often, but not always, using words or phrases such as “expects”, “is expected”,

“anticipates”, “believes”, “plans”, “projects”, “es timates”, “assumes”, “intends”, “strategies”, “targ ets”, “goals”,

“forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that c ertain actions,

events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the ne gative of any

of these terms and similar expressions) are not sta tements of historical fact and may be forward-looki ng

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statements or information. Forward-looking statemen ts include, but are not limited to, the approval of the

Incentive Plan by the TSX Venture Exchange.

Forward-looking statements or information are subje ct to a variety of known and unknown risks, uncerta inties and

other factors that could cause actual events or res ults to differ from those reflected in the forward- looking

statements or information, including, without limit ation, risks relating to: fluctuating equity prices , bond prices,

commodity prices; calculation of resources, reserve s and mineralization, foreign exchange risks, inter est 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 statem ents or

information. Forward-looking statements or informat ion are statements about the future and are inheren tly

uncertain, and actual achievements of the Company o r other future events or conditions may differ mate rially from

those reflected in the forward-looking statements o r information due to a variety of risks, uncertaint ies and other

factors, including, without limitation, those refer red to in the Company’s Annual Information Form for the year

ended June 30, 2019 under the heading “Risk Factors ”. Although the Company has attempted to identify i mportant

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. Acco rdingly, 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, expecta tions and

opinions of management as of the date of this news release, and other than as required by applicable s ecurities

laws, the Company does not assume any obligation to update forward-looking statements or information i f

circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any

other events affecting such statements or informati on. For the reasons set forth above, investors shou ld not place

undue reliance on forward-looking statements or information.