Mr. Andrew Williams reports

NEW PACIFIC ANNOUNCES FILING OF NI 43-101 TECHNICAL REPORT FOR THE CARANGAS PROJECT

New Pacific Metals Corp. has filed an independent mineral resource estimate (MRE) technical report for its Carangas silver-gold project located in Oruro, Bolivia, with an effective date of Aug. 25, 2023. For details of the MRE results, please refer to the company's news release dated Sept. 5, 2023, filed under the company's profile on SEDAR+, with the Securities and Exchange Commission on EDGAR, and on the company's website.

The Carangas technical report was prepared in accordance with the Canadian Securities Administrators' National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

The qualified persons (QP) for the Carangas technical report are Anderson Goncalves Candido, FAusIMM, principal resource geologist of RPMGlobal (Canada) Ltd., and Marcelo del Giudice, FAusIMM, principal metallurgist of RPM.

Alex Zhang, PGeo, vice-president of exploration, who is the designated QP for the company has also reviewed and approved this news release.

A copy of the Carangas technical report is available under the company's profile on SEDAR+, on EDGAR and on the company's website.

About New Pacific Metals Corp.

New Pacific is a Canadian exploration and development company with precious metal projects in Bolivia, including the company's flagship project, the Silver Sand silver project, the company's recently discovered Carangas silver-gold project and the company's third project, the Silverstrike silver-gold project.

We seek Safe Harbor.