New Pacific Reports Financial Results FOR the Three Months Ended September 30, 2018
NEWS RE
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NEW
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“Compan
months e
This earn
Financial
posted u
website a
stated.
FINANCIA
Net loss
$752,583
The Com
compared
$507,450
Income f
Septembe
equity inv
Operating
Septembe
Foreign e
Septembe
dollars w
US dollar
Septembe
the prior
SILVER SA
The Comp
Sand Pro
Bolivian g
ELEASE
Symbol: TSX V
OTC
W PACIFIC REP
UVER, BRITISH
ny”) today an
ended Septem
nings release
Statements
under the Com
at www.newp
ALS
attributable t
or $0.01 per
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er 30, 2017 –
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er 30, 2017 ‐ $
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er 30, 2017 ‐ $
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er 30, 2018, t
year the US d
AND PROPERT
pany started t
perty. In Octo
government a
Venture: NUA
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PORTS FINAN
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nnounced its
mber 30, 2018
should be re
and Notes t
mpany’s prof
pacificmetals
to equity hol
share (three m
al results wer
$576,944 in th
ear quarter.
ents for the t
loss of $576,9
d $480,839 wa
for the three
$507,450).
s for the thre
$469,304). Th
pany’s functio
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the US dollar
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TY
the preparatio
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AG
NCIAL RESULT
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TS FOR THE T
er 20, 2018:
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nancial results
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against Canadi
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THREE MONTH
New Pacific
onsolidated in
e Company's
for the corre
dar.com and
ressed in Can
the three mo
30, 2017 ‐ net
following: (i)
d, (ii) operatin
mber 30, 201
m investment
ange on bonds
er 30, 2018
ber 30, 2018
ortion of cash
ollar. The fluct
s of the Comp
st Canadian d
ian dollar (fro
xploration prog
ceived explora
d its explorat
HS ENDED SE
Metals Corp
nterim financ
Managemen
esponding pe
are also avai
adian Dollars
onths ended S
loss of $1,551
income from
ng expenses o
18 was $117,1
ts, $364,957 w
s along with in
was $531,27
8 was $344,84
h and cash equ
tuation in exc
pany. During
dollar (from 1.
m 1.2977 to 1
gram after th
ation permits
tion drilling p
EPTEMBER 30
p. (“New Pac
cial results fo
nt Discussion
eriod, which
lable on the
s (CAD) unless
September 30
1,099 or $0.01
investments
of $531,273 c
197 (three mo
was loss on the
terest earned
73 (three mo
42 (three mo
uivalents and
change rates b
the three mo
.3168 to 1.294
1.2480).
e acquisition o
required by t
rogram on th
0, 2018
cific” or the
r the three
& Analysis,
have been
Company's
s otherwise
0, 2018 was
1 per share).
of $117,197
ompared to
onths ended
e Company’s
.
nths ended
onths ended
bonds in US
between the
onths ended
45) while in
of the Silver
the relevant
he property.
For the three months ended September 30, 2018, total expenditures of $3,179,963 were capitalized under the
property. The accumulated expenditures on the property since acquisition were approximately $9.7 million.
These expenditures were mainly related to the drilling program, site and camp preparation, maintaining a regional
office in La Paz, and building a competent management team and workforce for the property.
The Company also entered into agreements with private owners to acquire their 100% interest in certain mineral
concessions located adjacent to the Silver Sand Property as part of the Company’s expansion plan in the area. For
the three months ended September 30, 2018, the Company acquired total mineral concessions valued at
$2,631,200 (US$2,000,000) by cash payments of $1,315,600 (US$1,000,000) and issuance of 832,000 of its
common shares.
ABOUT NEW PACIFIC
New Pacific Metals Corp. 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.
For further information, contact:
New Pacific Metals Corp.,
Gordon Neal
President
Phone: (604) 633‐1368
Fax: (604) 669‐9387
www.newpacificmetals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
CAUTIONARY NOTE REGARDING FORWARD‐LOOKING INFORMATION
Certain of the statements and information in this press release constitute “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.
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: fluctuating equity prices, bond prices,
commodity prices; calculation of resources, reserves and mineralization, foreign exchange risks, interest 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 statements or
information. Forward‐looking statements or information are statements about the future and are inherently
uncertain, and actual achievements of the Company or other future events or conditions may differ materially from
those reflected in the forward‐looking statements or information due to a variety of risks, uncertainties and other
factors, including, without limitation, those referred to in the Company’s Annual Information Form for the year
ended June 30, 2017 under the heading “Risk Factors”. Although the Company has attempted to identify important
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. Accordingly, 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, expectations and
opinions of management as of the date of this press release, and other than as required by applicable securities
laws, the Company does not assume any obligation to update forward‐looking statements or information if
circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any
other events affecting such statements or information. For the reasons set forth above, investors should not place
undue reliance on forward‐looking statements or information.