Mr. J. Malcolm Bell reports

NOVA PACIFIC'S GEOLOGICAL COMPILATION REVEALS HISTORIC HIGH GRADE PRECIOUS METAL ASSAYS AT THE LARA GOLD-SILVER-ZINC-COPPER PROJECT

Nova Pacific Metals Corp. has provided an update related to the continuing advancement of the Lara project.

Recent compilation of historical drill hole data from the Coronation zone have suggested a possible association between high-grade zinc, copper and lead intersections up to 17.46 metres (m) and significant precious metal grades. These results highlight the polymetallic nature of the Lara volcanogenic massive sulphide deposit modelled as six discrete zones with a total strike length of approximately 1,180 m.

Within the current claim boundaries, substantial work by Laramide Resources during the 1980s included over 323 drill holes totalling 58,262 m, complete with 679 m of preproduction underground access and drifting. Unfortunately, further development and production of the deposit stalled in 1989 due to a severe downturn in the economy and the resultant fall of metal prices.

Most of the drilling has been concentrated within the Coronation trend, one of four mineralized trends identified on the southwest slopes of Coronation Mountain. A considerable number of these drill holes have returned high-grade results for gold, silver, zinc, copper and lead.

In addition, drill hole 87-182 was excluded from the database as it was found to unduly influence the grade of the entire inferred category over a composite interval of 2.02 m containing grades shown in an attached table.

The position of 87-182 is over 100 m from surrounding samples within the plane of the zone and therefore many inferred blocks would have been unduly influenced by this interval. Importantly, drill hole 87-182 terminates within a high-grade zone at a true depth of approximately 200 m; this portion of the Coronation trend is an ideal location for definition drilling as this high-grade area is open immediately updip (approximately 75 m) and across strike to the east-southeast.

Nova Pacific's chief executive officer J. Malcolm Bell stated: "A review of the recently completed NI 43-101 technical report and supporting drill data has shone a bright light on the high-grade nature of the Lara VMS deposit. Our plans are to further analyze the historical drill data to optimize hole locations for our proposed 40 hole infill drill program necessary to calculate a measured and indicated mineral deposit prior to undertaking a prefeasibility study, subject to completing all necessary studies and obtaining the requisite permitting, all with a goal of revitalizing the Lara project and bringing it into production."

Qualified person

The technical information in this news release has been reviewed and approved by David Nelles, PGeo, a consultant to the company and a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Nova Pacific Metals Corp.

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

We seek Safe Harbor.