New Pacific Announces the Election of Terry Salman and Maria Tang as Board Members and 2021 AGM Voting Results
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NEWS RELEASE
New Pacific Announces the Election of Terry Salman and Maria
Tang as Board Members and 2021 AGM Voting Results
VANCOUVER, BRITISH COLUMBIA – DECEMBER 6, 2021 – New Pacific Metals Corp. (“New
Pacific” or the “Company”) (TSX:NUAG; NYSE American: NEWP) is pleased to announce the
election of two additional directors, Ms. Maria Tang and Mr. Terry Salman, to its Board of Directors
(the “Board”) and the voting results of the annual general meeting of the shareholders held on
December 3, 2021 (the “AGM”). Mr. Gregory Hawkins did not stand for re-election as a director
and ceased to be a director effective December 3, 2021. The Company thanks Mr. Hawkins for
his time, services, and contributions during his 11-year tenure.
The Chairman of the Board, Jack Austin, said "We are excited to welcome Ms. Tang and Mr.
Salman to the Board as they bring extensive business skills with a focus i n the mining industry .
Their expertise will strengthen the Board's ability to oversee the Company as it continues to create
shareholder value by advancing the flagship Silver Sand Project and the emerging Carangas
discovery. I would also like to thank Mr. Hawkins for his valuable input and contributions to the
Board and wish him much success in his future endeavors."
Ms. Tang said, "It is my pleasure to rejoin New Pacific as a member of the board of director s. I
am excited to see the Company on its way to becoming a major player in the silver mining industry
through the acquisition and discovery of the Silver Sand Project in Bolivia. I look forward to joining
the Board and contributing to the Company’s future."
Mr. Salman noted, "I was fortunate to visit the Silver Sand project in its early stages with Dr. Rui
Feng. There is an old adage that you find gold and silver where the people have found it previously.
I was intrigued by the historical workings at the site and saw the potential for a new silver discovery,
which today has a become a large silver deposit. I am excited and look forward to working with
the New Pacific team to maximize the value of the Company’s properties in Bolivia."
Ms. Tang has over 20 years of experience in accounting with focus on the mining industry. She
has held a number of executive and board leadership positions within this period. Ms. Tang is the
President, Chief Financial Officer and Director of HempNova LifeTech Corp. She sits on the Board
of Directors of Minco Silver Corporation. Previously, Ms. Tang served as the Director of Finance
at Revery Architect until 2019 as well as the Chief Financial Officer at Silvercorp Metals Inc. and
the Chief Financial Officer at New Pacific until 2015. Prior to that, Ms. Tang held positions with
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Ernst & Yong LLP, where she focused on public company audits of mining, pharmaceutical and
manufacturing companies. Ms . Tang holds a Bachelor of Science degree from the Nankai
University and the Chartered Accountancy and the American Institute of Certified Public
Accountant designations.
Mr. Salman has over 35 years of experience in exploration and mining finance. He is the President
and Chief Executive Officer at Salman Capital Inc. and Salman Partners Inc. At Salman Partners
Inc., he raised over $20 billion for over 400 exploration and mining companies. Previously, Mr.
Salman held positions with Nesbitt Thomson, subsequently acquired by the Bank of Montreal
(“BMO”), where he was an Executive Vice-President and a Director. Mr. Salman was instrumental
in forming the mining team at Nesbitt Thomson and its mining conference in the early 1990’s,
which subsequently became the BMO Mining and Metals Conference. He is the Chairman
Emeritus of the Vancouver Public Library Foundation. Formerly, he acted as the Chairman of the
Investment Dealers Association of Canada and a director or chairman of numerous charities. Mr.
Salman was the recipient of the 2016 Murray Pezim Award in recognition of his career in Canadian
mining finance and was i nducted to the Cambridge House Resource Hall of Fame in 2018. He
was appointed to the Order of Canada for his contributions to mining exploration and for his
generous philanthropy and community activism. Mr. Salman is an Honorary Consul -General of
the Republic of Singapore and received the Public Service Star from the Office of the President
of Singapore in 2021. He served with the United States Marine Corps and is a Vietnam veteran.
Mr. Salman received an MBA from the University of Hartford.
AGM Voting Results
The Company is pleased to report that all matters submitted to the shareholders for approval as
set out in the Company's Notice of Meeting and Information Circular, both dated October 28, 2021,
were approved by the requisite majority of votes cast at the AGM. A total of 120,967,893 common
shares, representing 77.80% 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
Jack Austin 108,926,898 99.56% 476,028 0.44%
Dr. Rui Feng 108,320,963 99.01% 1,081,963 0.99%
David Kong 108,873,735 99.52% 529,191 0.48%
Martin Wafforn 109,242,554 99.85% 160,372 0.15%
Dr. Mark Cruise 109,256,013 99.87% 146,913 0.13%
Terry Salman 109,245,259 99.86% 157,667 0.14%
Maria Tang 109,195,176 99.81% 207,750 0.19%
Shareholders also approved the re-appointment of Deloitte LLP as auditors of the Company for
the ensuing year. The 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.
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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.
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. Such statements include,
but are not limited to: statements regarding the anticipated timing, amount and completion of exploration, drilling,
development, construction, and other activities or achievements of the Company; the Phase II Drill Program and
anticipated outcomes therefrom; future economics of the Company’s projects; timing of receipt of permits and regulatory
approvals; estimates of the Company’s revenues and capital expenditures ; and other future plans, objectives or
expectations of the Company.
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: global economic and social impact of COVID -19; fluctuating
equity prices, bond prices, commodity prices; calculation of resources, reserves and mineralization, general economic
conditions, foreign exchange risks, interest rate risk, foreign investment risk; loss of key personnel; conflicts of interest;
dependence on management, uncertainties relating to the availability and costs of financing needed in the future,
environmental risks, operations and political conditions, the regulatory environment in Bolivia and Canada; risks
associated with community relations and corporate social responsibility, and other factors described under the heading
“Risk Factors” in the Company’s Annual Information Form and its other public filings.
This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements or information.
The forward-looking statements are necessarily based on a number of estimates, assumptions, beliefs, expectations
and opinions of management as of the date of this news release that, while considered reasonable by management,
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are inherently subject to significant business, economic and competitive uncertainties and contingencies. These
estimates, assumptions, beliefs, expectations and options include, but are not limited to, those related to the Company’s
ability to carry on current and future operations, including: the duration and effects of COVID-19 on our operations and
workforce; development and exploration activities; the timing, extent, duration and economic viability of such operations;
the accuracy and reliability of es timates, projections, forecasts, studies and assessments; the Company’s ability to
meet or achieve estimates, projections and forecasts; the stabilization of the political climate in Bolivia; the Company’s
ability to obtain and maintain social license at i ts mineral properties; the availability and cost of inputs; the price and
market for outputs; foreign exchange rates; taxation levels; the timely receipt of necessary approvals or permits,
including the ratification and approval of the Mining Production Contract with COMIBOL by the Plurinational Legislative
Assembly of Bolivia; the ability to meet current and future obligations; the ability to obtain timely financing on reasonable
terms when required; the current and future social, economic and political co nditions; and other assumptions and
factors generally associated with the mining industry.
Although the forward-looking statements contained in this news release are based upon what management believes
are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking
statements. All forward-looking statements in this news release are qualified by these cautionary statements.
Accordingly, readers should not place undue reliance on such statements. Other than specifically required by applicable
laws, the Company is under no obligation and expressly disclaims any such obligation to update or alter the forward-
looking statements whether as a result of new information, future events or otherwise except as may be required by
law. These forward-looking statements are made as of the date of this news release.