New Pacific Reports Financial Results FOR the Year Ended June 30, 2018
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AL RESULTS FO
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s net of interes
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OR THE YEAR
New Pacific
ncial results fo
e Company's
for the corre
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he Silver Sand
Sand Proper
and
ncluding strate
urce of the ac
e year ended J
4 or $0.02 per
s of $1,539,75
red to $2,107,
$1,539,759 (y
was loss on th
st earned.
3,103,712 (yea
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was $470,966
of cash and ca
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June 30, 2018
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year ended Ju
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ar ended June
activity.
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ash equivalent
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E 30, 2018
p. (“New Pac
nded June 30
nt Discussion
eriod, which
lable on the
s (CAD) unless
Bolivia for a
r 2017 and i
with Pan Ame
exploration fo
8 was $4,106,4
ompany’s fina
o income of $3
or year.
une 30, 2017
s equity inves
e 30, 2017 ‐ $
June 30, 201
ts and bonds i
ge rates betw
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0, 2018.
& Analysis,
have been
Company's
s otherwise
a total cash
mmediately
erican Silver
or the Silver
450 or $0.03
ancial results
3,032,548 in
‐ income of
stments and
$2,107,187).
17 ‐ foreign
n US dollars
ween the US
dollar and Canadian dollar will impact the financial results of the Company. During the year ended June 30, 2018,
the US dollar appreciated by 1.5% against Canadian dollar (from 1.2977 to 1.3168) while in the prior year the US
dollar depreciated by 0.2% against Canadian dollar (from 1.3009 to 1.2977).
FOURTH QUARTER FINANCIAL SUMMARY
For the quarter ended June 30, 2018 (“Q4 Fiscal 2018”), the Company reported net loss attributable to equity
holders of $1.20 million or $0.01 per share, compared to net loss of $1.55 million or $0.02 per share for the
quarter ended June 30, 2017 (“Q4 Fiscal 2017”).
Major financial items impacting the fourth quarter financial results were as follow: (i) loss from investments
of $995,797 in Q4 Fiscal 2018 compared to loss from investments of $708,806 in Q4 Fiscal 2017; (ii) operating
expenses of $616,622 in Q4 Fiscal 2018 compared to $756,523 in Q4 Fiscal 2017, and (iii) foreign exchange
gain of $406,203 in Q4 Fiscal 2018 compared to foreign exchange loss of $524,096 in Q4 Fiscal 2017.
SILVER SAND PROPERTY
In October 2017, the Company successfully received exploration permits required by the relevant Bolivian
government authorities and immediately commenced a 30,000 metre exploration drilling program on the Silver
Sand Property. For the year ended June 30, 2018, total expenditures of $6,553,301 were capitalized under the
property. These expenditures were mainly related to the drilling program, site and camp preparation, and building
a competent management team and workforce for the property.
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.