Mr. J. Malcolm Bell reports

NOVA PACIFIC METALS RECEIVES DRILL PERMIT FOR 50 HOLE DRILL PROGRAM AT THE LARA VMS PROJECT

The B.C. Ministry of Mining and Critical Minerals has issued an exploration drilling permit for Nova Pacific Metals Corp.'s flagship Lara volcanogenic massive sulphide project on Vancouver Island, British Columbia.

The permit authorizes Nova Pacific to proceed with its planned 10,000-metre diamond drill program comprising 50 drill holes, which was initially announced in July, 2024. The drill program is designed to provide both confirmation of the historical Lara VMS mineral resource estimate (2008, table), as well as to provide infill drilling data necessary to complete an updated and current mineral resource estimate. The company estimates that the MRE may be completed by the end of September.

The Lara deposit is classified as Kuroko-type VMS, comprising volcanic-hosted, stratiform sulphide mineralization in three zones (collectively known as the Coronation trend) at varying stratigraphic intervals over a strike length of approximately 1.5 kilometres. The Coronation trend is one of several mineralized zones hosted in a highly prospective belt of uplifted felsic volcanic rocks that form the core of the Lara project.

J. Malcolm Bell, Nova Pacific's chief executive officer, commented: "Our new drill permit achieves a significant milestone in the revitalization of the Lara project. Current metal prices have substantially increased the potential value of the Lara deposit, the result of 50,000 m of historical drilling and 650 m of preproduction underground development at an expense of upwards of $30-million in today's dollars. Importantly, the project is poised for rapid advancement given the recently completed flow-through financing of $2,640,540.

"In less than three weeks, we will start drilling with the goal of updating and potentially expanding the historical mineral resource estimate (table). This permit is the culmination of diligent preparation by ministry authorities, and we are grateful for their support throughout this process. Tripoint Geological Services Ltd. of Victoria, B.C., has been contracted to manage the drill program on behalf of the company. Both Mineit Consulting Ltd. and Greg Moser have been instrumental in evaluating historical drill profiles and with preparation of the overall drill plan for the upcoming program, and we wish to thank them for their exceptional work."

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 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 needed. The company is committed to creating value for its shareholders while supporting environmental responsibility and strong community relationships.

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