New Pacific Intersects 505 Metres Grading 1.22 Grams Per Tonne Gold at the Carangas Project, Bolivia

VANCOUVER, BC, Jan. 24, 2023 /PRNewswire/ - New Pacific Metals Corp. ("New Pacific" or the "Company") (TSX: NUAG) (NYSE: NEWP), together with its local Bolivian partner, report assay results for four deep drill holes at its Carangas Silver-Gold Project, Oruro Department, Bolivia (the "Carangas Project" or the "Project"). These deep step-out holes were drilled south of the previous gold intercepts. At Carangas, thick gold mineralization occurs beneath a shallow silver horizon measuring approximately 1,000 metres ("m") long, 800 m wide and up to 200 m thick. Detailed results and drill hole specifications are provided in Tables 1 and 2, as well as Figure 1.

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