Luca Mining Corp press release

New Pacific Reports Drill Hole Assay Results and Remains On Schedule to Complete the PEA For the Silver Sand Project

2022-09-19

TSXV - TSX Venture Exchange · Gold · Zinc · Copper · Silver · Lead · Canada · Drill Results

Canada NewsWire

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VANCOUVER, BC , Sept. 19, 2022 /CNW/ - New Pacific Metals Corp. ("New Pacific" or the "Company") (TSX: NUAG) (NYSE American: NEWP) is pleased to announce the assay results of the final 53 drill holes from the 2022 resource infill and step-out drilling program completed at the Silver Sand Project. All assays from the 2022 drill program have now been received, and a mineral resource estimate update with all drill hole data is expected to be completed by October 2022 . In addition, Silver Sand's maiden Preliminary Economic Assessment ("PEA") report is on track for completion by the end of 2022 as planned (please refer to the Company's new release on February 8, 2022 ).

The 2022 drill program of 19,323 metres in 86 drill holes, together with those holes drilled in 2021, intended to expand and improve the confidence in the geological model and Mineral Resource Estimate released in April 2020 and to be used for the PEA. Assay results for the first 33 holes were released on April 6, 2022 , and May 31, 2002 . Assay results for the final 53 drill holes are summarized in Table 1 with drill hole specifications given in Table 2.

HIGHLIGHTS

Step-out Drill hole DSS582501 intersected an interval of 44.77 m grading 214 grams per tonne ("g/t") silver ("Ag") from 30.57 m to 75.34 m, and an interval of 25.04 m grading 143 g/t Ag from 151.46 to 176.50 m . Step-out Drill hole DSS542505 intersected an interval of 34.25 m grading 121 g/t Ag from 33.90 m to 68.15 m , including 5.57 m grading 428 g/t Ag from 37.85 m to 43.42 m . Step-out D rill hole DSS325001 intersected an interval of 7.64 m grading 448 g/t Ag from 147.66 m to 155.30 m , and an interval of 19.76 m grading 150 g/t Ag from 163.00 m to 182.76 m . Step-out D rill hole DSS305002 intersected an interval of 16.00 m grading 315 g/t Ag from 7.83 m to 23.83 m. Step-out D rill hole DSS687502 intersected an interval of 16.66 m grading 147 g/t Ag from 26.87 m to 43.53 m, and multiple narrow mineralized intervals at depth. Step-out D rill hole DSS7002 intersected an interval of 15.26 m grading 285 g/t Ag from 25.28 m to 40.54 m, and multiple narrow mineralized intervals at depth. Infill Drill h o l e DSS542507 intersected an interval of 20.86 m grading 108 g/t Ag from 9.06 m to 29.92 m. Infill D rill hole DSS545015 intersected an interval of 30.60 m grading 119 g/t Ag from 94.82 m to 125.42 m. Infill D rill hole DSS5427 intersected an interval of 36.08 m grading 210 g/t Ag from 131.68 m to 167.76 m This infill hole was drilled in the core area of Silver Sand deposit and confirmed the continuity of high-grade mineralization. Infill D rill hole DSS702501 intersected an interval of 54.19 m grading 132 g/t Ag from 84.90 m to 139.09 m. Infill D rill hole DSS547504 intersected an interval of 95.22 m grading 106 g/t Ag from 49.68 m to 144.90 m . Infill D rill hole DSS685002 intersected an interval of 31.30 m grading 171 g/t Ag from 11.66 m to 42.96 m, including 14.71 m grading 298 g/t Ag from 26.75 m to 41.46 m, and multiple narrow mineralized intervals at depth. Infill D rill hole DSS487505 intersected an interval of 19.48 m grading 337 g/t Ag from 32.45 m to 51.93 m, including 8.63 m grading 715 g/t Ag from 38.53 m to 47.16 m, and multiple narrow mineralized intervals at depth. Infill Drill Hole DSS502506 intersected an interval of 17.11 m grading 144 g/t Ag from 22.5 m to 39.61 m , an interval of 19.2 m grading 409 g/t Ag from 60.3 m to 79.5 m , and an interval of 3.5 m grading 224 g/t Ag from 104.5m to 108.0 m .

GEOTECHNICAL DRILLING

A geotechnical drill program commenced in August 2022 and is expected to be completed by the end of September. This 11-hole ( 2,460 m ) program was designed and supervised by an independent specialist consulting firm for optimizing pit slope design in the PEA. Geotechnical logging is carried out on oriented drill cores at drill sites.

| Table 1 Summary of Drill Hole Intercepts | | | | | | | | | Hole_ID | | Depth_from | Depth_to | Interval_m | Ag_g/t | Pb_% | Zn_% | | DSS542505 | | 23.66 | 27.75 | 4.09 | 65 | 0.01 | | | | | 33.90 | 68.15 | 34.25 | 121 | 0.04 | 0.08 | | | incl. | 37.85 | 43.42 | 5.57 | 428 | 0.02 | 0.01 | | | | 86.05 | 88.59 | 2.54 | 138 | 0.01 | 0.01 | | DSS6611 | | 35.64 | 50.30 | 14.66 | 169 | 0.18 | 0.11 | | DSS6610 | | 50.60 | 65.21 | 14.61 | 56 | 0.01 | | | | | 92.00 | 96.80 | 4.80 | 86 | 0.15 | 0.21 | | | | 118.19 | 125.75 | 7.56 | 23 | 0.21 | 0.89 | | | | 151.46 | 163.25 | 11.79 | 86 | 0.35 | 0.14 | | | | 193.41 | 201.79 | 8.38 | 40 | 0.23 | 0.15 | | | | 262.06 | 263.21 | 1.15 | 251 | 0.13 | 0.04 | | DSS542508 | | 5.55 | 20.42 | 14.87 | 48 | 0.16 | 0.87 | | DSS542506 | | 16.68 | 30.84 | 14.16 | 75 | 0.03 | 0.02 | | DSS305001 | | 95.70 | 99.23 | 3.53 | 40 | 0.02 | | | DSS687501 | | 86.70 | 100.70 | 14.00 | 147 | 0.13 | 0.41 | | | | 130.01 | 132.50 | 2.49 | 64 | 1.27 | 3.25 | | | | 139.80 | 140.92 | 1.12 | 163 | 0.63 | 0.93 | | | | 196.28 | 199.87 | 3.59 | 42 | 0.07 | 0.04 | | DSS2801 | | 69.00 | 70.00 | 1.00 | 54 | 0.01 | | | DSS3001 | | 64.90 | 66.31 | 1.41 | 58 | | 0.02 | | | | 166.50 | 167.98 | 1.48 | 65 | 0.03 | | | DSS542507 | | 9.06 | 29.92 | 20.86 | 108 | 0.08 | 0.22 | | DSS7401 | | No Significant Intercept | | | | | | | DSS542509 | | 79.72 | 82.30 | 2.58 | 85 | 0.02 | 0.02 | | | | 107.95 | 109.00 | 1.05 | 1020 | 0.88 | 0.02 | | | | 115.22 | 118.90 | 3.68 | 334 | 0.18 | 0.01 | | | | 134.33 | 137.70 | 3.37 | 88 | 0.16 | 0.02 | | | | 170.40 | 179.00 | 8.60 | 145 | 0.07 | 0.01 | | DSS705001 | | 43.60 | 44.70 | 1.10 | 77 | 0.07 | | | | | 81.40 | 82.85 | 1.45 | 117 | 2.06 | | | | | 99.23 | 106.58 | 7.35 | 111 | 0.09 | | | | | 171.88 | 177.45 | 5.57 | 58 | 0.03 | | | DSS545015 | | 65.60 | 75.65 | 10.05 | 51 | 0.04 | | | | | 94.82 | 125.42 | 30.60 | 119 | 0.06 | 0.01 | | DSS325002 | | 96.17 | 97.67 | 1.50 | 86 | 1.30 | 0.43 | | | | 154.91 | 156.36 | 1.45 | 132 | 0.03 | | | DSS7601 | | 105.32 | 106.76 | 1.44 | 60 | 0.01 | | | | | 111.08 | 121.13 | 10.05 | 76 | 0.01 | | | DSS545017 | | 20.05 | 29.60 | 9.55 | 48 | 0.07 | 0.47 | | DSS5427 | | 20.14 | 22.46 | 2.32 | 74 | 0.11 | | | | | 96.54 | 100.06 | 3.52 | 53 | 0.05 | | | | | 119.81 | 123.32 | 3.51 | 93 | 0.07 | | | | | 131.68 | 167.76 | 36.08 | 210 | 0.04 | 0.02 | | | incl. | 146.70 | 164.00 | 17.30 | 339 | 0.03 | 0.03 | | DSS325004 | | No Significant Intercept | | | | | | | DSS345002 | | 96.37 | 97.50 | 1.13 | 84 | | | | | | 126.89 | 128.28 | 1.39 | 144 | 0.04 | 0.01 | | | | 143.17 | 147.40 | 4.23 | 102 | 0.01 | 0.03 | | DSS545016 | | 18.00 | 43.41 | 25.41 | 82 | 0.05 | 0.16 | | DSS325003 | | 32.38 | 33.55 | 1.17 | 35 | 0.01 | | | DSS325001 | | 147.66 | 155.30 | 7.64 | 448 | 0.09 | | | | | 163.00 | 182.76 | 19.76 | 150 | 0.06 | 0.10 | | DSS702501 | | 84.90 | 139.09 | 54.19 | 132 | 0.38 | 0.54 | | | | 178.80 | 184.00 | 5.20 | 46 | 0.04 | | | DSS547506 | | 23.00 | 61.62 | 38.62 | 68 | 0.06 | 0.02 | | DSS547505 | | 14.85 | 26.97 | 12.12 | 168 | | | | | incl. | 23.45 | 25.70 | 2.25 | 738 | | | | | | 67.20 | 115.22 | 48.02 | 57 | 0.04 | 0.01 | | | incl. | 80.76 | 84.58 | 3.82 | 426 | 0.12 | | | DSS547510 | | 11.00 | 24.00 | 13.00 | 111 | 0.02 | 0.01 | | DSS547509 | | 17.74 | 31.44 | 13.70 | 88 | 0.02 | 0.01 | | DSS445006 | | 97.90 | 117.50 | 19.60 | 68 | 0.02 | 0.01 | | | | 125.30 | 126.50 | 1.20 | 212 | 0.07 | 0.57 | | DSS305002 | | 7.83 | 23.83 | 16.00 | 315 | 0.02 | | | | | 132.07 | 133.50 | 1.43 | 102 | 0.03 | 0.01 | | DSS547504 | | 49.68 | 144.90 | 95.22 | 106 | 0.06 | 0.04 | | DSS562506 | | 46.00 | 70.28 | 24.28 | 56 | 0.08 | 0.15 | | DSS685002 | | 11.66 | 42.96 | 31.30 | 171 | 0.02 | | | | incl. | 26.75 | 41.46 | 14.71 | 298 | 0.03 | | | | | 92.38 | 98.15 | 5.77 | 65 | 0.03 | | | | | 104.87 | 111.61 | 6.74 | 34 | 0.11 | 0.18 | | | | 120.20 | 148.53 | 28.33 | 48 | 0.09 | 0.02 | | | | 181.50 | 189.21 | 7.71 | 27 | 0.14 | 0.57 | | | | 198.80 | 208.40 | 9.60 | 96 | 0.03 | 0.06 | | DSS5427 | | 20.14 | 22.46 | 2.32 | 74 | 0.11 | | | | | 96.54 | 100.06 | 3.52 | 53 | 0.05 | | | | | 119.81 | 123.32 | 3.51 | 93 | 0.07 | | | | | 131.68 | 167.76 | 36.08 | 210 | 0.04 | 0.02 | | | incl. | 146.70 | 164.00 | 17.30 | 339 | 0.03 | 0.03 | | DSS325005 | | 157.19 | 160.10 | 2.91 | 108 | 0.01 | | | DSS562507 | | 29.52 | 35.93 | 6.41 | 110 | | | | | | 54.65 | 116.00 | 61.35 | 83 | 0.07 | 0.01 | | DSS565010 | | 13.89 | 18.15 | 4.26 | 115 | 0.01 | 0.01 | | | | 44.17 | 46.22 | 2.05 | 80 | 0.07 | 0.05 | | | | 58.40 | 61.00 | 2.60 | 56 | 0.04 | | | DSS565011 | | 42.57 | 46.80 | 4.23 | 75 | 0.04 | | | | | 85.90 | 88.75 | 2.85 | 104 | 0.10 | 0.01 | | | | 98.76 | 100.23 | 1.47 | 81 | 0.04 | | | DSS547507 | | 52.23 | 60.09 | 7.86 | 57 | 0.05 | | | | | 67.30 | 84.12 | 16.82 | 88 | 0.03 | 0.01 | | | | 104.00 | 115.07 | 11.07 | 56 | 0.04 | | | DSS6804 | | 16.80 | 20.30 | 3.50 | 98 | 0.01 | | | | | 161.78 | 164.25 | 2.47 | 57 | | | | | | 198.68 | 199.90 | 1.22 | 85 | 0.06 | 0.20 | | | | 301.75 | 336.50 | 34.75 | 31 | 0.03 | 0.01 | | DSS467504 | | 95.90 | 113.32 | 17.42 | 360 | 0.03 | 0.01 | | | | 191.97 | 198.75 | 6.78 | 76 | 1.80 | 0.02 | | DSS547508 | | 46.00 | 47.00 | 1.00 | 199 | 0.15 | 0.04 | | | | 61.65 | 99.15 | 37.50 | 77 | 0.03 | 0.04 | | | | 122.80 | 126.10 | 3.30 | 59 | 0.07 | 0.19 | | DSS705002 | | 21.66 | 32.06 | 10.40 | 279 | 0.12 | | | | | 90.68 | 100.20 | 9.52 | 324 | 0.22 | | | DSS482502 | | 79.10 | 100.37 | 21.27 | 60 | 0.47 | 0.01 | | | | 124.38 | 126.85 | 2.47 | 83 | 0.48 | 0.01 | | | | 133.10 | 134.12 | 1.02 | 440 | 2.19 | 0.02 | | | | 149.00 | 158.87 | 9.87 | 32 | 0.43 | 0.03 | | | | 191.96 | 193.03 | 1.07 | 124 | 3.34 | 0.02 | | DSS687502 | | 26.87 | 43.53 | 16.66 | 147 | 0.03 | | | | | 97.55 | 107.37 | 9.82 | 67 | 0.05 | 0.06 | | | | 120.80 | 122.05 | 1.25 | 104 | 0.13 | 0.14 | | | | 132.96 | 147.77 | 14.81 | 56 | 0.14 | 0.05 | | DSS7002 | | 25.28 | 40.54 | 15.26 | 285 | 0.02 | | | | | 101.10 | 110.60 | 9.50 | 80 | 0.09 | 0.01 | | | | 131.59 | 144.70 | 13.11 | 62 | 0.11 | 0.14 | | | | 160.70 | 166.01 | 5.31 | 40 | 0.26 | 0.50 | | | | 180.47 | 183.15 | 2.68 | 215 | 0.19 | 0.14 | | | | 191.25 | 193.83 | 2.58 | 55 | 0.30 | 0.13 | | DSS425007 | | 127.50 | 137.00 | 9.50 | 130 | 0.01 | 0.02 | | | | 152.37 | 153.52 | 1.15 | 132 | 0.06 | 0.10 | | DSS482501 | | 62.20 | 63.55 | 1.35 | 423 | | | | | | 70.37 | 75.53 | 5.16 | 44 | 0.03 | | | | | 81.95 | 97.24 | 15.29 | 84 | 0.01 | | | | | 167.72 | 179.13 | 11.41 | 43 | 0.10 | | | | | 192.16 | 206.13 | 13.97 | 100 | 1.14 | 0.01 | | | | 230.66 | 233.12 | 2.46 | 75 | 0.51 | | | DSS487505 | | 32.45 | 51.93 | 19.48 | 337 | | | | | incl. | 38.53 | 47.16 | 8.63 | 715 | | | | | | 91.83 | 103.88 | 12.05 | 160 | 0.03 | | | | | 138.57 | 150.57 | 12.00 | 42 | 0.04 | | | | | 162.96 | 180.87 | 17.91 | 78 | 0.48 | 0.01 | | | | 238.10 | 239.44 | 1.34 | 404 | 0.09 | 0.43 | | | | 251.75 | 255.63 | 3.88 | 180 | 0.13 | 0.06 | | DSS565013 | | 143.00 | 201.50 | 58.50 | 52 | 0.04 | | | DSS582501 | | 30.57 | 75.34 | 44.77 | 214 | 0.10 | | | | | 151.46 | 176.50 | 25.04 | 143 | 0.07 | 0.11 | | | incl. | 151.46 | 154.00 | 2.54 | 823 | 0.07 | | | | incl. | 169.00 | 171.12 | 2.12 | 536 | 0.31 | 0.17 | | DSS565012 | | 139.80 | 149.00 | 9.20 | 147 | 0.15 | 0.01 | | | | 198.90 | 212.62 | 13.72 | 104 | 0.53 | 0.01 | | DSS502506 | | 22.50 | 39.61 | 17.11 | 144 | 0.04 | 0.01 | | | | 60.30 | 79.50 | 19.20 | 409 | 0.12 | 0.02 | | | | 104.50 | 108.00 | 3.50 | 224 | 0.03 | |

| | | | No t e s : | | | | | | 1. | Location, altitude, azimuth, and dip of drill holes are provided in Table 2. | | | | | 2. | Drill intercept is core length, and grade is length weighted. Length of drill intercept is close to true width of mineralization as drilling is normal to both strike and dip of mineralized zones. | | | | | 3. | A cut-off grade of 20 g/t Ag is applied for calculation of length-weighted intercept. At times, samples lower than 20 g/t Ag may be included in the calculation of consolidation of mineralized intercepts. | | | |

| Table 2 Summary of Drill Hole Specifications | | | | | | | | | | Hole_id | Easting | Northing | Altitude | Depth_m | Azimuth (°) | Dip (°) | Year | Note | | DSS542505 | 235013.95 | 7856522.93 | 4101.23 | 155.15 | 60 | -45 | 2022 | Step-out | | DSS6611 | 234876.13 | 7855780.03 | 4029.97 | 54.80 | 60 | -45 | 2022 | Resource Infill | | DSS6610 | 234834.02 | 7855759.60 | 4029.10 | 311.00 | 60 | -55 | 2022 | Resource Infill | | DSS542508 | 235115.65 | 7856584.35 | 4115.41 | 101.00 | 60 | -45 | 2022 | Step-out | | DSS542506 | 235050.43 | 7856544.89 | 4106.53 | 143.10 | 60 | -45 | 2022 | Step-out | | DSS305001 | 234533.65 | 7857614.73 | 4193.84 | 313.50 | 60 | -45 | 2022 | Step-out | | DSS687501 | 234932.96 | 7855613.73 | 4059.32 | 239.00 | 60 | -45 | 2022 | Resource Infill | | DSS2801 | 234497.09 | 7857755.74 | 4195.51 | 277.00 | 60 | -45 | 2022 | Step-out | | DSS3001 | 234520.83 | 7857653.93 | 4196.73 | 271.50 | 60 | -45 | 2022 | Step-out | | DSS542507 | 235083.23 | 7856563.86 | 4110.97 | 120.00 | 60 | -45 | 2022 | Resource Infill | | DSS7401 | 235069.74 | 7855434.22 | 4105.28 | 302.00 | 60 | -45 | 2022 | Step-out | | DSS542509 | 234871.60 | 7856443.59 | 4071.77 | 311.00 | 60 | -45 | 2022 | Step-out | | DSS705001 | 234971.30 | 7855546.97 | 4073.83 | 290.00 | 60 | -45 | 2022 | Resource Infill | | DSS545015 | 234933.62 | 7856448.62 | 4089.75 | 176.15 | 60 | -46 | 2022 | Resource Infill | | DSS325002 | 234728.92 | 7857595.66 | 4121.93 | 166.50 | 60 | -45 | 2022 | Step-out | | DSS7601 | 235096.94 | 7855333.22 | 4120.60 | 305.10 | 60 | -45 | 2022 | Step-out | | DSS545017 | 235087.94 | 7856539.28 | 4113.05 | 104.15 | 60 | -45 | 2022 | Step-out | | DSS5427 | 234843.00 | 7856453.00 | 4065.00 | 236.00 | 60 | -45 | 2022 | Resource Infill | | DSS325004 | 234728.51 | 7857595.98 | 4121.91 | 163.50 | 353 | -45 | 2022 | Step-out | | DSS345002 | 234625.68 | 7857426.77 | 4156.70 | 241.50 | 86 | -45 | 2022 | Step-out | | DSS545016 | 235053.28 | 7856517.60 | 4106.76 | 122.15 | 60 | -45 | 2022 | Resource Infill | | DSS325003 | 234728.77 | 7857595.69 | 4121.96 | 127.70 | 26 | -40 | 2022 | Step-out | | DSS325001 | 234606.08 | 7857524.97 | 4169.90 | 265.50 | 60 | -45 | 2022 | Step-out | | DSS702501 | 234960.11 | 7855571.78 | 4069.02 | 287.00 | 60 | -45 | 2022 | Resource Infill | | DSS547506 | 235045.38 | 7856482.58 | 4106.77 | 128.10 | 60 | -45 | 2022 | Step-out | | DSS547505 | 234947.02 | 7856428.11 | 4091.60 | 200.00 | 60 | -47 | 2022 | Step-out | | DSS547510 | 235083.07 | 7856504.52 | 4113.08 | 113.00 | 60 | -45 | 2022 | Step-out | | DSS547509 | 235062.62 | 7856495.23 | 4109.23 | 113.00 | 60 | -45 | 2022 | Step-out | | DSS445006 | 234380.80 | 7856704.49 | 4087.14 | 283.50 | 60 | -45 | 2022 | Resource Infill | | DSS305002 | 234599.64 | 7857655.86 | 4169.55 | 268.50 | 60 | -45 | 2022 | Step-out | | DSS547504 | 234976.40 | 7856444.99 | 4097.29 | 164.00 | 60 | -47 | 2022 | Resource Infill | | DSS562506 | 235043.05 | 7856427.53 | 4104.86 | 137.15 | 60 | -45 | 2022 | Step-out | | DSS685002 | 234889.98 | 7855614.42 | 4053.31 | 302.20 | 60 | -50 | 2022 | Resource Infill | | DSS5427 | 234845.65 | 7856458.52 | 4065.96 | 236.00 | 60 | -45 | 2022 | Resource Infill | | DSS325005 | 234729.44 | 7857595.50 | 4121.97 | 202.50 | 76 | -45 | 2022 | Step-out | | DSS562507 | 234991.97 | 7856403.39 | 4094.17 | 176.00 | 60 | -45 | 2022 | Resource Infill | | DSS565010 | 235083.07 | 7856418.72 | 4109.58 | 122.15 | 60 | -45 | 2022 | Resource Infill | | DSS565011 | 234936.06 | 7856331.99 | 4048.68 | 155.10 | 60 | -45 | 2022 | Step-out | | DSS547507 | 234931.80 | 7856420.45 | 4086.76 | 176.00 | 60 | -47 | 2022 | Step-out | | DSS6804 | 234824.09 | 7855635.07 | 4046.53 | 350.30 | 60 | -64 | 2022 | Step-out | | DSS467504 | 234474.14 | 7856614.29 | 4102.10 | 313.50 | 60 | -45 | 2022 | Step-out | | DSS547508 | 234910.32 | 7856405.62 | 4076.84 | 185.20 | 60 | -47 | 2022 | Step-out | | DSS705002 | 234939.39 | 7855529.69 | 4069.23 | 326.00 | 60 | -45 | 2022 | Step-out | | DSS482502 | 234545.80 | 7856602.74 | 4102.01 | 304.50 | 60 | -45 | 2022 | Step-out | | DSS687502 | 234897.79 | 7855589.97 | 4057.06 | 302.10 | 60 | -48 | 2022 | Step-out | | DSS7002 | 234906.43 | 7855567.15 | 4060.03 | 302.10 | 60 | -48 | 2022 | Step-out | | DSS425007 | 234319.92 | 7856788.69 | 4091.58 | 304.50 | 60 | -45 | 2022 | Step-out | | DSS482501 | 234486.53 | 7856566.64 | 4105.60 | 283.50 | 60 | -45 | 2022 | Step-out | | DSS487505 | 234508.20 | 7856525.21 | 4099.59 | 307.50 | 60 | -45 | 2022 | infill | | DSS565013 | 234877.94 | 7856302.62 | 4024.03 | 401.00 | 245 | -50 | 2022 | infill | | DSS582501 | 235144.90 | 7856373.38 | 4112.02 | 242.10 | 240 | -45 | 2022 | Step-out | | DSS565012 | 234878.63 | 7856301.87 | 4024.01 | 404.00 | 218 | -50 | 2022 | infill | | DSS502506 | 234541.91 | 7856481.35 | 4089.37 | 313.50 | 60 | -46 | 2022 | infill |

| | | | No t e s : | | | | | | 1. | Drill collar coordinate system is WGS1984 UTM Zone 20S. | | | | | 2. | Coordinate of drill collar is picked with Real Time Kinematics (RTK) GPS. |

QUALITY ASSURANCE AND QUALITY CONTROL

All samples in respect of the exploration program at the Silver Sand Project, conducted by the Company and discussed in this news release, are shipped in securely-sealed bags by New Pacific staff in the Company's vehicles, directly from the field to ALS Global in Oruro, Bolivia for preparation, and ALS Global in Lima, Peru for geochemical analysis. ALS Global is an ISO 17025 accredited laboratory independent from New Pacific. All samples are first analyzed by a multi-element ICP package (ALS code ME-MS41) with ore grade over specified limits for silver, lead and zinc further analyzed using ALS code OG46. Further silver samples over specified limits are analyzed by gravimetric analysis (ALS code of GRA21). Certified reference materials, various types of blank samples and duplicate samples are inserted to normal drill core sample sequences prior to delivery to laboratory for preparation and analysis. The overall ratio of quality control samples in sample sequences is around twenty percent.

QUALIFIED PERSON

The scientific and technical information contained in this news release have been reviewed and approved by Alex Zhang , P. Geo., Vice President of Exploration, who is a Qualified Person for the purposes of National Instrument 43-101 — _Standards of Disclosure for Mineral Projects _("NI 43-101"). The Qualified Person has verified the information disclosed herein, including the sampling, preparation, security and analytical procedures underlying such information, and is not aware of any significant risks and uncertainties that could be expected to affect the reliability or confidence in the information discussed herein.

ABOUT NEW PACIFIC

New Pacific is a Canadian exploration and development company with precious metal projects in Bolivia. The Company's flagship Project, the Silver Sand Silver Project, is waiting for a new Mineral Resource Estimate Update and a PEA by the end of 2022. Recently discovered Carangas Silver-Gold Project is undergoing a 40,000 m drill program. The third project, the Silverstrike Silver-Gold Project, commenced a 6,000 m discovery drill program in June 2022 and discovered a near surface broad gold mineralization by drill hole.

For further information, please contact:

New Pacific Metals Corp. Phone: (604) 633-1368 U.S. & Canada toll-free: 1-877-631-0593 E-mail: invest@newpacificmetals.com

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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 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. Such statements include, but are not limited to: statements regarding anticipated exploration, drilling, development, construction, and other activities or achievements of the Company; timing of receipt of permits and regulatory approvals; timing and content of the PEA, and estimates of the Company's revenues and capital expenditures.