Mr. J. Malcolm Bell reports

NOVA PACIFIC METALS ANNOUNCES FLOW-THROUGH FINANCING FOR $2,600,000

Nova Pacific Metals Corp. has arranged a non-brokered private placement of up to 6,190,476 flow-through common shares of the company at a price of 42 cents per FT share for gross proceeds of up to $2.6-million. The gross proceeds from the sale of the FT shares will be used to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures (as such terms are defined in the Income Tax Act (Canada)) on the company's Lara property located in British Columbia. The company expects to renounce such CEE to the purchasers of the FT shares with an effective date of no later than Dec. 31, 2024.

All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws.

The closing of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals. The company may pay finders' fees to eligible parties who introduce qualified investors to the offering in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.

Rights of indigenous communities statement

Nova Pacific recognizes the rights of all indigenous peoples of Canada. The company is committed to consultation and accommodation with the Hul'qumi'num Treaty Group communities on whose traditional, ancestral and unceded territory the Lara property is located. The Hul'qumi'num Treaty Group is a politically unified group that represents six Hul'qumi'num-speaking first nations: Cowichan, Stz'uminus, Penelakut, Lyackson, Halalt and Lake Cowichan.

About Nova Pacific Metals Corp.

Nova Pacific is a Canadian exploration and development company focused on its key asset, the Lara volcanogenic massive sulphide project on Vancouver Island, British Columbia. This brownfield development project boasts a significant historic resource rich in critical and precious metals situated in a prime location with excellent infrastructure. Nova Pacific's forward-looking strategy includes confirmation and infill drilling, completion of an updated mineral resource estimate, and preparation of a prefeasibility study if and as required. It is committed to creating value for its shareholders while maintaining environmental responsibility and strong community relationships.

We seek Safe Harbor.