Mr. Sam Eskandari reports

NOVA PACIFIC REPORTS FINAL ASSAY RESULTS FROM PHASE 1 DRILLING AT THE LARA VMS PROJECT

Nova Pacific Metals Corp. has released the final batch of assay results from seven drill holes, totalling 2,228 metres (m), completed during the company's 8,660-metre phase 1 drill program at the Coronation area of the Lara VMS (volcanic massive sulphide) project. The Lara project spans a 17-kilometre (km) belt of the McLaughlin Ridge formation, a correlative volcanic sequence that hosts the past-producing Myra Falls VMS mine, a long-life operation located 140 km to the northwest.

Phase 1 drilling at Coronation has validated key aspects of Nova Pacific's exploration model and is expected to support a mineral resource estimate targeted for the fourth quarter of 2025.

Highlights from the phase 1 drill program include:

• Hole NP25-001 (1) intersected 17.64 m grading 1.9 grams per tonne (g/t) gold equivalent (AuEq) or 4.3 per cent zinc equivalent (ZnEq) (0.7 g/t gold (Au), 1.25 per cent zinc (Zn), 17.7 g/t silver (Ag), 0.29 per cent copper (Cu) and 0.18 per cent lead (Pb)) from 86.6 m downhole.
• Hole NP25-002 (1) intersected 9.0 m grading 2.1 g/t AuEq or 5.3 per cent ZnEq (0.9 g/t Au, 1.30 per cent Zn, 28.3 g/t Ag, 0.36 per cent Cu and 0.19 per cent Pb) from 84.75 m downhole.
• Hole NP25-004 (1) intersected 16.2 m grading 3.3 g/t AuEq or 8.6 per cent ZnEq (1.5 g/t Au, 2.17 per cent Zn, 53.5 g/t Ag, 0.42 per cent Cu and 0.52 per cent Pb) from 85 m downhole, including 11.1 g/t AuEq or 26.37 per cent ZnEq (7.6 g/t Au, 2.51 per cent Zn, 58.0 g/t Ag, 1.70 per cent Cu and 0.81 per cent Pb).
• Hole NP25-005 (2) intersected 11 m grading 1.8 g/t AuEq or 4.3 per cent ZnEq (1.1 g/t Au, 0.55 per cent Zn, 17.8 g/t Ag, 0.26 per cent Cu and 0.18 per cent Pb) from 135 m downhole, and 8.33 m grading 1.0 g/t AuEq or 2.3 per cent ZnEq (0.8 g/t Au and 13.4 g/t Ag) from 80 m downhole, and one m grading 2.7 g/t AuEq or 6.9 per cent ZnEq (1.2 g/t Au, 1.76 per cent Zn, 61 g/t Ag, 0.08 per cent Cu and 0.95 per cent Pb) from 89 m downhole.
• NP25-014 (3) intersected 11 m grading 5.1 g/t AuEq or 13 per cent ZnEq (2.5 g/t Au, 3 per cent Zn, 82 g/t Ag, 0.23 per cent Cu and 0.16 per cent Pb) from 233 m downhole, including one m grading 20.5 g/t AuEq or 50.2 per cent ZnEq (12.1 g/t Au, 7.02 per cent Zn, 498 g/t Ag, 1.20 per cent Cu and 0.61 per cent Pb).
• NP25-027 (3) intersected 6.05 m grading 4.0 g/t AuEq or 10.5 per cent ZnEq (2.0 g/t Au, 3.31 per cent Zn, 40 g/t Ag, 0.44 per cent Cu and 0.62 per cent Pb) from 45.45 m downhole.
• NP25-029 (3) intersected 10 m grading 2.5 g/t AuEq or 6.1 per cent ZnEq (1.7 g/t Au, 0.61 per cent Zn, 26 g/t Ag, 0.35 per cent Cu and 0.08 per cent Pb) from 100 m downhole.
• NP25-037 (3) intersected 10.5 m grading 1.8 g/t AuEq or 4.3 per cent ZnEq (0.7 g/t Au, 0.45 per cent Zn, 27 g/t Ag, 0.14 per cent Cu and 0.25 per cent Pb) from 119.5 m downhole. (All intervals are downhole lengths. True width is estimated between 75 per cent and 89 per cent, based upon historical data. AuEq and ZnEq are provided for illustrative purposes only. See table No. 1 for calculation parameters.)

Compilation and digitization of Lara's historical information and data set are under way to support evaluation of mineralized zones beyond Coronation.

Nova Pacific's chief executive officer, Sam Eskandari, stated: "Phase 1 drilling results have generally been consistent with -- and in many cases have exceeded -- the historical data set at Coronation. With an initial mineral resource estimate targeted before year-end, we're confident that the Coronation zone continues to provide a strong foundation for Nova Pacific's growth. Equally exciting, this milestone opens the door for the company to advance into additional zones across Lara that remain largely underexplored -- including the Lady A and Lady C zones -- which we see as compelling opportunities to potentially expand the resource base and unlock growth beyond Coronation."

Two of the drill holes reported in this news release (summarized in table No. 1 and table No. 2) were drilled to evaluate an area of known mineralization (hole NP25-013) and to test a prospective extension (hole NP25-016) in the central portion of the Coronation zone. Both drill holes encountered the Coronation zone at downhole locations consistent with the model at grades higher than nearby historical drilling. All other drill holes reported in this news release were intended to test gaps or prospective downplunge extensions to historical mineralization in the company's exploration model. The following provides context on the objectives and results for each hole within this target area:

• NP25-013: intersected the Coronation zone at the anticipated downhole position, with true width consistent with expectations but higher-than-expected grades: four m grading 1.3 g/t AuEq (3.3 per cent ZnEq) from 271 m downhole in strongly altered rhyodacite hosting disseminated and banded chalcopyrite;
• NP25-016: intersected the Coronation zone near the anticipated downhole position, with true width and grades slightly exceeding expectations: six m grading 0.9 g/t AuEq (2.6 per cent ZnEq) from 278 m downhole in strongly altered rhyodacite hosting disseminated wispy sphalerite, galena and minor chalcopyrite, and a two m interval grading 0.5 g/t AuEq (1.4 per cent ZnEq) from 299 m downhole.

Drill hole NP25-012, drilled from the western side of the Coronation zone, targeted a gap in the model and did not encounter any significant intersections. Drill holes NP25-028, NP25-032 and NP25-034, drilled from the eastern side of the Coronation zone, and targeting prospective downplunge extensions to historical mineralization in the company's exploration model, did not encounter any significant intersections.

Advancing Lara's regional exploration potential through evaluation of additional targets

Coronation is one of several high-priority targets within Nova Pacific's 17-kilometre VMS belt on Vancouver Island. The belt lies within the prospective McLaughlin Ridge formation, a correlative volcanic sequence that hosts the past-producing Myra Falls VMS mine and remains underexplored despite favourable geology and nearby infrastructure. The Lara project spans 19 mineral claims covering 47 square kilometres, with an unverified historical data set that includes 323 drill holes totalling 58,262 m of drilling.

In addition to drilling at Coronation, the company has compiled the historical data set, and continues organizing and digitizing the most relevant portions to better understand the historical work and guide future exploration across the Lara project. This process will help refine field programs planned for later this year and next, including mapping, systematic sampling and target generation across the broader property.

Although the Coronation area has attracted most of the historical work, Nova Pacific has begun evaluating other mineralized zones across the property, many of which contain historical drill holes. These zones are largely untested and form a key part of the company's strategy to define resources at the Lara project beyond the Coronation area. Field programs, including mapping, systematic sampling and historical data compilation, will be used to refine targets and support future drilling. The potential for lens stacking and stratigraphic clustering, characteristic of VMS camps, further strengthens the broader exploration thesis.

Sampling, quality assurance and quality control

All drill core is logged by a geologist, photographed and cut in half at Nova Pacific's core facility near Nanaimo, B.C. One-half of the core is bagged and sent to ALS Canada Ltd. in North Vancouver for analysis, while the other half is retained on site as a witness sample. ALS North Vancouver is ISO/IEC 17025 accredited, and all samples are analyzed using industry-standard fire assay, multielement ICP (inductively coupled plasma) methods following four-acid digestion and, where applicable, overlimit assays for high grade. In addition to the laboratory's QA/QC practices, certified reference materials, blanks and duplicates are inserted into the sample stream at regular intervals to monitor analytical accuracy. Only results that meet Nova Pacific's QA/QC protocols are reported.

Qualified persons

The pertinent scientific and technical information contained in this news release has been reviewed and approved by David Nelles, PGeo, Jeremy Link, MEng, PEng, and Greg Mosher, MSc, PGeo, of Mineit Consulting Inc., each of whom is a consultant of the company and a qualified person as defined by National Instrument 43-101. Exploration and technical programs at the Lara project are managed by Mr. Link and Darcy Vis, PGeo, of Tripoint Geological Services Ltd.

Rights of indigenous communities

Nova Pacific recognizes the inherent rights of all indigenous peoples of Canada, and is committed to early, meaningful and respectful engagement with first nations communities. The company acknowledges that its Lara project is located on the traditional, ancestral and unceded territories of the Hul'qumi'num Treaty Group, a politically unified group representing six Hul'qumi'num-speaking first nations: Cowichan, Stz'uminus, Penelakut, Lyackson, Halalt and Lake Cowichan.

Nova Pacific pursues early consultation and meaningful engagement with first nations communities to ensure that the company's mineral exploration and development activities are aligned with local priorities, values and cultural protocols, while optimizing opportunities for collaboration. In particular, the company seeks to establish mutually beneficial partnerships with indigenous groups within whose traditional territories the company's projects are located. All work programs are carefully planned to achieve high levels of environmental and social performance, while advancing reconciliation and economic opportunities within indigenous communities.

About Nova Pacific Metals Corp.

Nova Pacific is a Canadian exploration and development company advancing the Lara VMS project on Vancouver Island, B.C. The company has an option to acquire a 100-per-cent interest in the Lara project, which hosts a historical mineral resource enriched with critical and precious metals and is strategically located near key infrastructure. Nova Pacific's strategy includes verification and exploration drilling to support a current mineral resource, with additional technical and exploration studies under consideration. The company is committed to creating value for its shareholders while supporting environmental responsibility and strong community relationships.

(1) See Nova Pacific news release dated June 24, 2025.

(2) See Nova Pacific news release dated July 15, 2025.

(3) See Nova Pacific news release dated Aug. 26, 2025.

We seek Safe Harbor.