VANCOUVER, BRITISH COLUMBIA – (JUNE 14, 2010) – New Pacific Metals Corp. (the “Company”) is pleased to announce the appointment of Dr. Rui Feng as its President. Dr. Feng obtained his Ph.D. in Geological Sciences from the University of Saskatchewan, Canada, in 1992. Since 1994, Dr. Feng founded several junior Canadian mining/exploration companies with a business focus in China. Currently, Dr. Feng is the Chairman and Chief Executive Officer of Silvercorp Metals Inc. (NYSE/TSX: SVM).
The Company has granted a total of 1.57 million shares of incentive stock options to directors, officers, employees and consultants of the Company, subject to regulatory approval. The options are exercisable at $0.65 with a term of five years, and are subject to a vesting period of 48 months. The shares issuable under the options are subject to a hold period expiring October 15, 2010.
About New Pacific Metals Corp.
New Pacific Metals Corp. is an exploration stage company engaged in the acquisition and exploration of mineral properties. The Company is actively seeking out acquisition projects in China and other jurisdictions, while exploring for gold-poly-metallic projects in China.
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