Mr. J. Malcolm Bell reports

NOVA PACIFIC FILES NI 43-101 TECHNICAL REPORT ON THE LARA PROPERTY INCLUDING A MINERAL RESOURCE ESTIMATE

Nova Pacific Metals Corp. has filed an independent National Instrument 43-101-compliant technical report on its Lara project, a partially developed polymetallic volcanogenic massive sulphide (VMS) deposit located 15 kilometres west of the port of Chemainus, B.C., Canada. The Lara property comprises four mineral claims (approximately 1,848.1 hectares) and is road accessible year-round via a network of logging roads throughout the claims.

The report concludes that the most recent resource estimates published in 2007 are "reasonable given the limitations of the data utilized which appears generally unbiased." It also concludes that the Coronation zone, as outlined by drilling by previous operators, "contains significant massive and semi-massive sulphide grades and tonnes, as well as over minable widths (more than two metres)."

This report includes an analysis of several decades of exploration on the Lara project, which includes:

• Three hundred twenty-three drill holes, for a total of 58,262.69 metres of drilling, focused mainly on the Coronation trend, one of seven identified mineralized zones located in the Lara area.
• Minnova (1988) drove a decline (northwestward) into the Coronation zone, and an east and west drift with several small exploratory crosscuts and raises. In total, 467 m of tunnelling was completed.
• The decision by Minnova to go underground was based on resources and metallurgical studies conducted at the time, which unfortunately coincided with a strong downturn in the metals market in 1988 to 1989, stalling the project.
• One massive sulphide lens in the Coronation zone exposed in trench 86-43 graded 24.58 grams per tonne (g/t) gold (Au), 513.6 g/t silver (Ag), 3.04 per cent copper (Cu), 43.01 per cent zinc (Zn) and 8.30 per cent lead (Pb) across 3.51 m. Repeated sampling of this trench returned very similar grades in 2006 and by portable XRF in 2024.
• Previous metallurgical testing and prefeasibility studies (Roberts, 2007; Broughton, 1987), although not current, demonstrate the possibility that the deposit can be economic and deserves further investigation.
• There is abundant exploration potential to depth and on strike along the Coronation trend to warrant additional exploration, as VMS deposits such of these tend to occur as clusters, including the most immediate analogue, Myra Falls mine (premining estimate of 40 million tonnes grading 6.1 per cent Zn, 49.0 g/t Ag, 1.8 per cent Cu, 0.5 per cent Pb and 2.1 g/t Au).

Nova Pacific chief executive officer J. Malcolm Bell commented: "The Lara project presents a highly opportune acquisition for us. We are impressed by the extensive prior exploration data available, as well as the high tenor and continuity of the mineralization reported by the previous operators. It is rare to acquire a well-developed prospect like Lara, especially one with such attractive resource estimates. The overall dollar value of exploration work done so far would cost in excess of many millions of dollars in today's market and contributes significant value to the Lara project."

He further stated: "With phase I exploration activities scheduled for later this year, we see potential to increase the current resource estimate and improve the grades when considering the recommendation set out in the recent NI 43-101 report. Given that metal prices have risen significantly since 1998 when the property became dormant, the Lara deposit is transforming into a highly valuable asset, making it an exceptional new acquisition for Nova Pacific."

Over all, the technical report recommends 40 short (approximately 100 to 200 m) drill holes within the Coronation zone over four phases for total of 6,000 m of drilling. This will allow Nova Pacific to initiate a modern NI 43-101 resource estimate and enable the company to embark on prefeasibility studies to determine the economics of mining the Coronation trend.

Qualified person

David Nelles, PGeo, a qualified person as that term is defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the technical aspects of this news release.

About Nova Pacific Metals Corp.

Nova Pacific is a Canadian exploration and development company focused on pursuing projects with a significant discovery capable of providing a viable pathway to development. The projects operated by the company are its recently acquired Lara VMS project, located on Vancouver Island, British Columbia, and its Deer Musk West lithium project, located in Clayton Valley, Nevada The company intends to diligently continue its exploration and development efforts on its mineral projects with a view toward maximizing shareholder value.

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