New Pacific Metals Files Base Shelf Prospectus to Replace Expired Shelf Prospectus
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NEWS RELEASE
New Pacific Metals Files Base Shelf Prospectus
to Replace Expired Shelf Prospectus
October 3, 2025, Vancouver, British Columbia – New Pacific Metals Corp. (TSX: NUAG; NYSE American: NEWP)
(“New Pacific” or the “Company”) announces that in order to replace its prior base shelf prospectus that expired
on September 16, 2025, it has filed a final short form base shelf prospectus (the “Prospectus”) with the securities
regulatory authorities in each of the provinces of Canada and a corresponding shelf registration statement on
Form F -10 with the United States Securities and Exc hange Commission (the “Registration Statement”). The
Prospectus and the Registration Statement are expected to provide the Company with flexibility and efficiency
in future financings, if and when needed, and replace the prior base shelf prospectus, which was filed in August
2023 and expired in September 2025.
The Prospectus and Registration Statement enable the Company to make offerings of up to US$200,000,000 of
common shares, preferred shares, debt securities, warrants, units or subscription receipts of the Company, or
any combination thereof, from time to ti me, separately or together, in amounts, at prices and on terms to be
determined based on market conditions at the time of the offering and as set out in an accompanying prospectus
supplement (each, a “Prospectus Supplement”), during the 25-month period that the Prospectus is effective. The
specific terms of any future offering will be established in the applicable Prospectus Supplement, which will be
filed with the applicable Canadian and United States securities regulatory authorities.
A copy of the Prospectus can be obtained under the Company’s SEDAR+ profile on www.sedarplus.ca and a copy
of the Registration Statement can be obtained under the Company’s EDGAR profile at www.sec.gov. A copy of
the Prospectus and the Registration Statement may also be obtained from the Company upon written request
from the contact below.
This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any
sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to
registration or qualifications under the securities laws of any such jurisdiction.
About New Pacific Metals
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. The Company is also adva ncing its robust, high -margin silver-lead-zinc Carangas project.
Additionally, a discovery drill program was completed at Silverstrike in 2022.
On behalf of New Pacific Metals Corp.
Jalen Yuan
Interim CEO
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For Further Information
Peter Lekich, Investor Relations
Phone: (604) 633‐1368 Ext. 223
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.
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 applicab le 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 alway s, 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 Company's expectations regarding the Prospectus and the Registration Statement and future
offerings of the Company pursuant to Prospectus Supplements; 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 c ould cause actual
events or results to differ from those reflected in the forward -looking statements or information, includ ing, without limitation, risks relating to: global
economic and social impact of public health crisis; 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, environment al 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 for the year ended June 30, 2025 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 managem ent as of
the date of this news release that, while considered reasonable by management, 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: public health crisis on our operations and workforce; development and exploration
activities; the timing, extent, duration and economic viability of such operations; the accuracy and reliability of estimates , 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 its 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 approva l of the Mining Production
Contract with Corporación Minera de Bolivia, the Bolivian state mining corporation, by the Plurinational Legislative Assembly of Bolivia; the ability of the
Company’s Bolivian partner to convert the exploration licenses at the Company’s Carangas project to Administrative Mining Contract; the ability to meet
current and future obligations; the ability to obtain timely financing on reasonable terms when required; the current and fut ure social, economic and
political conditions; 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.