Mr. J. Malcolm Bell reports

NOVA PACIFIC METALS ESTABLISHES STRATEGIC ADVISORY BOARD, APPOINTING TWO INDUSTRY VETERANS

Nova Pacific Metals Corp. has formed a strategic advisory board, marking a significant milestone in the company's growth trajectory. In a move that underscores Nova Pacific's commitment to excellence, the company has appointed Dr. Tom Setterfield, PhD, PGeo, and Scott Young as the inaugural members of the board.

"I am very excited to join the Nova Pacific team," said Dr. Setterfield. "The Lara project encompasses nine strike kilometres of volcanic stratigraphy equivalent to that which hosts the giant Myra Falls VMS [volcanogenic massive sulphide] camp. The project contains abundant historical data and has received little modern attention for its potential for precious-metal-rich VMS deposits. It is poised for short-term success in the immediate vicinity of the Lara deposit and medium-to-long-term success over the length of the property."

Dr. Setterfield

Dr. Setterfield has 44 years of international exploration experience and is considered an expert in IOCG (iron oxide copper/gold), epithermal gold and VMS deposit types. He holds a PhD from Cambridge University (England) and has undertaken assignments in many countries. As a consultant for QGX Ltd., he was the company's first representative to visit the Golden Hills (Bayan Airag) area in western Mongolia and was integral to the decision to acquire the property, leading to a discovery of a gold-rich VMS deposit that is presently being mined. Additionally, Dr. Setterfield worked for Western Mining Corp. in Australia, Fiji and Canada. He co-founded Monster Copper Corp. and served as vice-president of exploration and director from its incorporation in 2002 to its takeover by Mega Uranium Ltd. in 2007. Dr. Setterfield also co-founded Terrax Minerals Inc. (now Gold Terra Resource Corp.) and served as vice-president of exploration and director from 2008 to 2016. He is the former vice-president, exploration, of Avidian Gold and now serves as an adviser to that company.

Dr. Setterfield has extensive experience in VMS deposits. His thesis was on the Maybrun VMS deposit in Northwestern Ontario and his MSc studies covered deposit-related synvolcanic faulting in the Noranda VMS camp. He has also been involved in VMS projects in the Chibougamau and Timmins camps in the Abitibi belt as well as in Sweden, Brazil, Mongolia, British Columbia and the Yilgarn province of Australia.

Mr. Young

Mr. Young brings a wealth of experience in corporate development, fundraising and strategic planning to Nova Pacific. His diverse background spans biotech, medtech and natural resources, providing Nova Pacific with a multifaceted approach to growth.

Mr. Young's extensive institutional financing network, covering North America, South America, Europe and Asia, positions Nova Pacific to capitalize on global investment opportunities. His proven record of delivering value over two decades aligns perfectly with Nova Pacific's ambitious growth plans.

Warrant repricing

In addition, the company announces that it has amended the exercise price of an aggregate of 7.41 million share purchase warrants that are scheduled to expire on May 31, 2025, from 50 cents per common share to 40 cents per common share. Each warrant was originally issued in a 10-cent unit private placement that closed on May 31, 2021, which was prior to the date on which the company's common shares were listed for trading on the Canadian Securities Exchange.

The company is not planning to deliver replacement warrant certificates to the holders of the warrants, with the original certificates remaining valid until the expiry date described above.

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 volcanogenic massive sulphide (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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