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New Pacific Metals Reports 2017 Agm Results and Announces Appointment of Pan American Silver Director Nominee

Management Changes Shareholder Meetings

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NEW PACIFIC METALS REPORTS 2017 AGM RESULTS AND ANNOUNCES APPOINTMENT OF PAN

AMERICAN SILVER DIRECTOR NOMINEE

VANCOUVER, British Columbia – November 29, 2017 – New Pacific Metals Corp. (“New Pacific” or the

“Company”)(TSXV: “NUAG”) 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 24,

2017, were approved by the requisite majority of votes cast at the annual general meeting of the

shareholders held on November 28, 2017 (the “AGM”).

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

Votes For Withheld Votes

Director # % # %

Rui Feng 41,717,641 99.99 9,515 0.01

Jack Austin 41,717,641 99.99 9,515 0.01

David Kong 41,717,641 99.99 9,515 0.01

Greg Hawkins 41,717,641 99.99 9,515 0.01

John McCluskey 41,717,641 99.99 9,515 0.01

Shareholders, at the AGM, voted 99.97% in favour of approving the amended stock option plan.

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

ensuing year at the remuneration to be fixed by the director s. 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.

APPOINTMENT OF PAN AMERICAN SILVER DIRECTOR NOMINEE – MARTIN WAFFORN

New Pacific is pleased to announce that following the AGM, it increased the number of directors on its

board from five to six and appointed Mr. Martin Wafforn as a director. Mr. Wafforn was nominated by

Pan American Silver Corp. (“Pan American Silver”), the Company’s second largest shareholder . Pan

American Silver acquired a 12.1% interest in New Pacific in a private placement announced on

November 27, 2017.

Mr. Wafforn is a mining engineer who brings with him more than 35 years of experience in the mining

industry. He has been at Pan American Silver since early 2004, and is currently Senior Vice President,

Technical Services and Process Optimization where he is involved in the technical aspects of the

feasibility, development and successful operation of that company’s mines in addition to leadi ng the

safety department. Prior to joining Pan American Silver, Mr. Wafforn spent 15 years working with

Barrick and its predecessor Homestake at different underground mines and was Manager of Mine

Engineering for Barrick’s global operations. He holds a B.S c Mining Honours from Camborne School of

Mines in England and is registered as a P.Eng in British Columbia.

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About New Pacific

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

the Potosi Department of Bolivia, the Tagish Lake gold project in Yukon, Canada and the RZY Project in

Qinghai Province, China. Its largest shareholders are Silvercorp Metals Inc. (TSX /NYSE American: SVM),

the largest primary silver producer in China, and Pan American Silver Corp. (TSX/NASDAQ:PAAS), one of

the world’s largest primary silver producers, which operates six mines , including the San Vicente mine

located in the Potosí Department of Bolivia.

For further information, contact:

New Pacific Metals Corp.,

Gordon Neal, President

Phone: (604) 633-1368

Fax: (604) 669-9387

[email protected]

www.newpacificmetals.com

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.