Mr. J. Malcolm Bell reports

NOVA PACIFIC METALS ANNOUNCES MAJOR EXPANSION OF DRILL PROGRAM AT LARA VMS PROPERTY FOLLOWING COMPREHENSIVE DATABASE UPDATES

Nova Pacific Metals Corp. has significantly expanded its planned drill program at the Lara volcanogenic massive sulphide (VMS) project on southeastern Vancouver Island, British Columbia. This decision follows a comprehensive compilation and analysis of the project's historical database, which has unveiled exciting new potential within the Coronation zone.

Highlights:

• Expanded drill program now encompasses 49 holes totalling 10,000 metres, up from the initially planned 19 holes;
• Updated database incorporates abundant historical data, providing a more comprehensive foundation for future resource estimation.

Malcolm Bell, chief executive officer of Nova Pacific, commented: "The results of this historical database compilation has exceeded our expectations and reinforced our belief in the exceptional potential of the Lara project. By re-evaluating the considerable drilling from surface and underground by previous operators and by adding the results obtained from an additional 49 drill holes that are both infill and confirmation holes, we're positioning Nova Pacific with the potential to redefine the future of this promising VMS [volcanogenic massive sulphide] system."

Database update unveils new potential

A thorough review and update of the historical database, conducted by Mineit Consulting Inc., has incorporated a wealth of previously existing data from the British Columbia Ministry of Mining and Critical Minerals. This update has provided a near-complete data set for 226 historical drill holes, including crucial information such as drill logs, downhole surveys, assays and certificates.

The enhanced database now offers a comprehensive view of the property's potential, with assay values for zinc, silver, gold, barium, copper and lead as well as specific gravity measurements. This robust data set meets CIM (Canadian Institute of Mining, Metallurgy and Petroleum) Best Practice standards and provides a solid foundation for the company's coming drill program and any future resource estimation.

Expanded drill program to unlock value

Based on the encouraging results of the database update, Nova Pacific has expanded its planned drill program from 19 to 49 holes, totalling 10,000 metres. This comprehensive program aims to validate historical results and expand upon known mineralization within the Coronation, Coronation Extension and Hanging Wall zones.

The drill program will adhere to rigorous quality assurance/quality control standards, including the use of duplicates, blanks and standards, as well as the collection of specific gravity measurements. This approach ensures the highest level of data integrity for future resource estimation and economic studies.

Project potential and market factors

• Untapped potential: The Lara property represents a significant opportunity in the VMS (volcanogenic massive sulphide) space, with historical drilling indicating mineralization that remains open for expansion.
• Data-driven approach: The comprehensive database update provides a solid foundation for targeted exploration, potentially leading to more efficient resource definition and expansion.
• Expanded program: The significant increase in the planned drill program demonstrates the company's confidence in the project and commitment to rapidly advancing its development.
• Strategic location: Situated in the mining-friendly jurisdiction of British Columbia, the Lara property benefits from excellent infrastructure and proximity to major ports.
• Commodity outlook: With the current bullish outlook for base metals and precious metals, Nova Pacific is well positioned to capitalize on the growing demand for copper, zinc and other critical minerals.
• Experienced team: Nova Pacific's management and technical team have a proven record of discovery and development in the mining industry.

Mr. Bell added: "We stand at the cusp of what could be a transformative period for Nova Pacific. The expanded drill program at Lara has the potential to enhance the previous historical resource estimate and demonstrate further potential of this VMS system. We're excited for this project and its ability to deliver value to our shareholders."

Nova Pacific is fully financed for this expanded program with a budget of $2.6-million and anticipates commencing drilling in Q2 2025. The company looks forward to providing regular updates as the program progresses.

Qualified person

David Nelles, PGeo, a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed and verified the scientific and technical data contained in this news release.

Rights of indigenous communities statement

Nova Pacific operates on the traditional, ancestral and unceded territory of the Stz'uminus and Hul'qumi'num Treaty Group, a politically unified group that represents six Hul'qumi'num-speaking first nations: Cowichan, Penelakut, Lyackson, Halalt and Lake Cowichan.

The company's entire team is committed to establishing lasting relationships with local communities by fostering inclusion and contributing to a shared prosperity.

About Nova Pacific Metals Corp.

Nova Pacific is a Canadian exploration and development company focused on the Lara VMS project on Vancouver Island, British Columbia. This brownfield development project boasts a significant historic resource rich in critical metals 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 (MRE), and preparation of a prefeasibility study if and as required. The company is committed to creating value for its shareholders while maintaining environmental responsibility and strong community relationships.

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