OTC Pink Sheet : NUXFF
TSX-V : NUX 11/22/2008 12:30:55 AM ET
New Pacific Metals Corp. is a Canadian public company listed on the TSX Venture Exchange with a trading symbol, NUX and on the OTC Pink Sheet with a trading symbol, NUXFF. Silvercorp Metals Inc. (TSX: SVM), the largest silver producer in China, is the company's major shareholder with an interest of 23.8%. The company's mandate is to explore and develop gold-polymetallic projects in China, utilizing its operating experience in China. The company is actively drilling and tunneling to define mineable high grade gold reserves at its HNK project located in the Guangdong province.
News Release
News Release: 2007




Jul 17, 2007

Incentive Stock Options Granted

VANCOUVER, BRITISH COLUMBIA -- July 17, 2007 -- New Pacific Metals Corp. (TSX-V:NUX) is pleased to announce that, subject to regulatory approval, it has granted a total of 450,000 incentive stock options to directors, officers, employees and consultants of the Company. The options are exercisable at $2.50 for a period of five years, and are subject to a vesting period over 36 months. The shares issuable under the options are subject to a hold period expiring November 18, 2007.


For Further Information:
New Pacific Metals Corp.
Lou Duarte, Director
Phone: +1 (604) 633-1368
Fax: +1 (604) 669-9387
Email: info@newpacificmetals.com
Website: www.newpacificmetals.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.

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Jin