New Pacific Signs Memorandum of Understanding and Acquisition Option Agreement to Expand Land Package FOR Silver Sands Project
NEWS RELEASE
Trading Symbol: TSX Venture: NUAG
OTCQX: NUPMF
NEW PACIFIC SIGNS MEMORANDUM OF UNDERSTANDING
AND ACQUISITION OPTION AGREEMENT
TO EXPAND LAND PACKAGE FOR SILVER SANDS PROJECT
VANCOUVER, B.C. – July 25, 2018: New Pacific Metals Corp. (TSX -V: NUAG; OTCQX: NUPMF) (“New Pacific” or the
“Company”) is pleased to announce that the Company and its wholly-owned subsidiary, Empresa Minera Alcira
S.A. (“Alcira”), signed a memorandum of understanding (the “MOU”) with Corporación Minera de Bolivia
(“COMIBOL”), allowing Alcira to explore and develop 38 mi neral concessions adjoining south and west to Alcira’s
Silver Sands project in the Potosi Department of Bolivia. The MOU established a process for the parties to
negotiate and complete definitive agreements on the mineral concessions . The signing of the MOU occurred at
the Silver Sands project site attended by the Honourable, César Navarro Miranda, the Minister of Bolivia’s Ministry
of Mining and Metallurgy, the Honourable, Hianny Romero, the Vice Minister of Bolivia’s Ministry of Development
and Planning, José Pimentel, President of COMIBOL, Fernando Leyton, the Director of Land of Autoridad
Jurisdiccional Administrativa Minera (“AJAM”), and representatives of the local communities.
The Company has also entered into an acquisition option agreement with private owner s to acquire their 100%
interest in certain mineral concessions located adjacent to the Silver Sands project . The owner s are currently
mining silver at a small scale on the concessions. The Company expects to enter into additional acquisition option
agreements with other private concession owners to further expand mineral concession area for the Silver Sand
project.
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), 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 Potosi Department of Bolivia.
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 statements
This news release contains forward -looking statements regarding future events and the Company’s future results that are
subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as
amended (the "Securities Act"), and the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and applicable
Canadian securities laws. These statements are based on current exp ectations, estimates, forecasts, and projections about the
Company’s exploration projects, the industry in which the Company operates and the beliefs and assumptions of the
Company's management. Words such as "expects," "anticipates," "targets," "goals," " projects," "intends," "plans," "believes,"
"seeks," "estimates," "continues," "may," variations of such words, and similar expressions and references to future periods,
are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions,
risks and uncertainties, many of which are beyond our control, including such factors as the results of exploration activitie s and
whether the results continue to support continued exploration activities, unexpected va riations in ore grade, types and
metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters disc ussed
under the caption "Risk Factors" in our Annual Information Form for the fiscal year ended Ju ne 30, 2017, and our other periodic
and current reports filed with the SEC and available on www.sec.gov and with the Canadian securities commissions available on
www.sedar.com. Readers are cautioned that forward -looking statements are not guarantees of fut ure performance and that
actual results or developments may differ materially from those expressed or implied in the forward -looking statements. Any
forward-looking statement made by us in this news release is based only on information currently available to us and speaks
only as of the date on which it is made. We undertake no obligation to publicly update any forward -looking statement, whether
written or oral, that may be made from time to time, whether as a result of new information, future developments or
otherwise.