Author: whitegoldbc

Vancouver, British Columbia (April 20, 2011) – New Pacific Metals Corp. (TSXV: “NUX”) (“New Pacific” or the “Company”) is pleased to report its progress for the Tagish Lake Gold Property on permitting, and planned 2011 exploration and drill program.

Permitting

For its Tagish Lake Gold Property, the Company is currently operating under a Class III permit, which expires on October 11, 2011. The current Class III permit allows the Company to complete surface drilling on the property and underground drilling at the Skukum Creek deposit. The Company has completed a renewal application for a Class III permit, and completed the documents related to the environmental assessment for the renewal, and is in the process of submitting these documents to the Yukon government for approval.

As reported in the Company’s January 13, 2011 press release, significant drill intercepts were identified at the Goddell site of the Tagish Lake Gold Property based on the historical underground drilling results; e.g., drill hole 97-41 intercepted 64.69 metres grading 5.75 g/t gold. Underground drilling from the Goddell decline is the first priority for the Company’s 2011 drilling program. Therefore, the Company has submitted to Yukon government officials for their approval, a Goddell Portal de-watering “Notice of Work” and an amendment to the Class III permit for the Goddell Portal underground drilling program, which also includes an expansion of the camp facility from 25 to 50 people.

The Company has engaged an environmental consulting company to complete an environmental assessment gap analysis in preparation for a full environmental assessment study for a possible mining license at the Skukum Creek and Goddell sites. The Company is also in the process of consultation with the First Nations regarding current and future activities.

The Goddell Portal de-watering and rehabilitation

At the Goddell site, a decline 780 metres long, 3.5 metres by 4.0 metres, was developed from the surface at the 1,015-metre elevation to provide access for underground drilling in 1996. By 1997, a total of 9,242 metres of underground drilling in 40 holes was completed from the Goddell Portal, which was subsequently flooded. In order to test our new geological model for the Goddell Project (see January 13, 2011 press release), the Company intends to continue underground drilling from the Goddell Portal.

Over the last two months, the Company has cleared the access road, acquired necessary equipment and supplies, installed a power generator, and recruited four technical staff for the de-watering. The equipment purchased includes generators, a front end loader, dewatering pumps, ventilation, electrical equipment, and underground mine equipment to excavate the new drill stations and to complete future development work.

With the “Notice of Work” filed with government authorities, Goddell Portal is currently being dewatered and the water level has been lowered markedly from the entrance of the portal since the de-watering started about 10 days ago. Based on the dewatering rate of 290 cubic metres per day, it is anticipated that the portal will be completely dewatered on or about June 15, 2011.

Once de-watered, the portal will be rehabilitated and eight new drill stations will be developed along the 780 metre long decline in addition to the five existing stations. Based on the current de-watered portion of the portal, the rock stability situation is robust and it is anticipated that minimum ground support and rehabilitation is required. The Company has filed for an explosives permit with the Yukon government to allow for underground blasting. Underground drilling is expected to commence in early July and can be carried out year around.

Once the Goddell Portal de-watering is completed, the Company intends to de-water the Skukum Creek Portal in preparation for underground drilling from that Portal.

Camp expansion

The expansion of the camp from 25 to 50 persons is nearing completion with the installation of services currently being undertaken. Power is being supplied from a new 180 kW generator that has been purchased to supply both the camp and the geology building which will house the core cutting and mapping facilities as well as the geological team’s offices. The offices will be furnished with new plotting and computer modeling equipment to support the Company’s surface and underground drill program.

2011 exploration and priority drilling targets

Once dewatering is completed and weather permitting, the Company will start an underground and surface drilling program totalling about 60,000 metres.

For the Goddell site, the Company has planned about 23,000 metres of underground drilling from the Goddell decline for 2011 to test the “merged” zone (where the G.G. and P.D. zones merge) and gold mineralization intensifies with mineralized intervals over 30 metres. The up-dip extension of the P.D. zone will also be tested.

At the Skukum Creek site, located at about six kilometres southwest from the Goddell Portal, 13,000 metres of underground drilling is planned to target depth extensions of four mineralized zones where historical drilling has only focussed on portions of the four mineralized zones and only to about 300 metres from the surface.

For the Raca site, located along the structural extension of the Skukum Creek mineralization zones (Rainbow Zone) to the northeast, 5,500 metres of surface drilling is planned to test extension of the known historical drilling and surface gold anomalies. The drill hole Raca 97-1, located about 500 metres northeast of the Rainbow zone of the Skukum Creek Project, intercepted 3.6 metre grading 2.66 g/t gold and 561 g/t silver. At the surface, soil gold anomalies outlined before 1998 by a previous owner, (all associated with anomalous values of silver and base metals), extend over two kilometres along a northeast structure hosting rhyolite dykes, with peak values up to 1000 ppb gold. Based on a 1986 geological report by West Mount Resources, several surface chip samples over >10 metres wide returned over 1 g/t gold and one composite chip sample returned 20 metres grading 4 g/t gold and 19.9g/t silver.

In addition, several other regional gold-silver targets have been planned for about 18,500 metres of surface drilling, including the Charleston gold-silver showing, a surface extension of the Goddell mineralization zone, and a copper-molybdenum anomaly at the Porter alteration structure zone.

The Company is also expanding its land holding by currently staking the area surrounding its existing land position.

About New Pacific Metals Corp.

New Pacific is engaged in the exploration and development of mineral resources in Canada. The Company’s strategy is to focus on projects that can be developed in a relatively short time into high-margin production with reasonable development capital profiles, even before the full resource potential of the properties are defined. Accordingly the future exploration and production expansion can be funded from the cash flow.

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Vancouver, British Columbia (April 6, 2011) – New Pacific Metals Corp. (TSXV: “NUX”) (“New Pacific” or the “Company”) is pleased to announce that it has received $20 million cash, net of income tax and finder’s fees, from the disposition of its 100% interest in Jin Chang Jiang Mining Co. Ltd. (“JCJM”), a wholly owned foreign enterprise in China, to an affiliate of the PGC Group. JCJM’s main assets are the XSK and HNK gold-polymetallic projects in Guangdong, China.

In the original sales agreement (“Agreement”), as was announced on July 27, 2010, the Company would dispose its 100% interest in JCJM in stages and receive the proceeds in cash plus shares over two years in instalments. Subsequently, the parties amended the Agreement to a 100% cash transaction of approximately $23 million and accelerated the cash payment to the Company to immediate payment after receiving approval from Chinese governmental agents. In March 2011, New Pacific received all necessary approvals and transferred its 100% interest in JCJM for net cash proceeds of approximately $20 million after deductions of Chinese income tax and finders’ fees. Approximately $11.6 million gain will be recognized by the Company.

Currently, as a result of the transaction, New Pacific has approximately $40 million in cash, which provides sufficient funds for its exploration and development plans at the Tagish Lake Gold Project, in Yukon, Canada.

The Company also announces that subject to regulatory approval, it has granted an aggregate of 150,000 incentive stock options to a Company employee. The incentive stock options are exercisable at $2.02 for a period of five years and are subject to a vesting period of 48 months.

About New Pacific Metals Corp.

New Pacific is engaged in the exploration and development of mineral resources in Canada and China. The Company’s strategy is to focus on projects which it believes can be developed in a relatively short time frame into high-margin operations with reasonable development capital profiles. Its goal is to get projects into production with sufficient initial resources, but before the full resource potential of the properties are defined, so that later exploration and potential development costs can be funded from the cash flows generated from early operations.

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

VANCOUVER, BRITISH COLUMBIA – March 25, 2011 – New Pacific Metals Corp. (TSX-V: NUX) (the “Company”) today announced the resignation of Dr. Hugh Abercrombie as president of the Company effective March 21, 2011. The Company thanks Dr. Abercrombie for his contribution to the Company. The Company announces the addition of Albert Siega as vice-president mining, Alex Zhang as chief exploration geologist of the Company and Mark Greasley as general manager of the Tagish Lake project.

Mr. Siega P.Eng., MBA has 20 years of experience in the mining industry with Golder Associates, Century Mining, Hunter Dickinson, Areva, and Syncrude. His experience includes all aspects of underground and open pit mine engineering, economic analysis, and reserve estimation.

Mr. Zhang, M.Sci, M.Eng has 20 years of experience and has worked with Eldorado Gold, Afcan Mining, and Sino Gold. He supervised the exploration activities of two major gold projects from exploration through development to production, and brings a full range of technical and managerial skills related to exploration project, data collection and validation, drill database setup, 3D modeling of geology bodies, block modeling, and other technical aspects of exploration projects.

Mr. Greasley, P.Eng has over 25 years of experience in underground mining development and operations with Matthews Contracting Ltd, Dynatec, Anmar, Whelan Mining, AMC, and TESC. His experience includes all aspects of underground mining, industrial mechanical and heavy civil construction and development.

Mr. Siega, Mr. Zhang, and Mr. Greasley are leading the Company’s group of geologists and engineers in regards of Company’s 2011 exploration plan which is moving forward on three fronts: permitting, engineering work for camp expansion and de-watering declines, and geological modelling and planning of drill targets.

About New Pacific Metals Corp.

New Pacific Metals Corp. is engaged in the exploration and development of mineral resources in Canada. The Company’s strategy is to focus on projects, which it believes can be developed in a relatively short time frame into high-margin operations with reasonable development capital profiles. Its goal is to get a project into production with sufficient initial resources, but before the full resource potential of the property is defined, so that further exploration and potential development costs can be funded from the cash flows generated from early operations.

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

VANCOUVER, BRITISH COLUMBIA — FEBRUARY 25, 2011 – New Pacific Metals Corp. (TSX-V: NUX) (the “Company”) announces its unaudited consolidated financial results for the second quarter ended December 31, 2010. All references to dollars or monies are expressed in Canadian Dollars.

SECOND QUARTER HIGHLIGHTS

The Company:

– successfully acquired 100% of issued and outstanding shares of Tagish Lake Gold Corp. (“TLG”), a Canadian publicly traded company involved in the exploration and development of gold-silver mineral deposits in Yukon Territory, Canada. TLG’s main assets consist of three identified gold and gold-silver mineral deposits: Skukum Creek, Goddell Gully, and Mount Skukum; and

– completed a 18 million share private placement for gross proceeds of $24.3 million, which will be used to finance continuing exploration and development activities of the Company.

During the quarter, loss from continuing operations increased by $593,967 to $945,479, compared to the three months ended December 31, 2009 (“Q2 2010”) of $351,512, mainly due to the following:

– interest and finance charge increased by $88,339 to $88,679 (Q2 2010 – $340) due to the interest and termination fees paid on a $2.1 million loan from Silvercorp Metals Inc. (“SVM”);

– legal and professional fees increased by $158,960 to $164,536 (Q2 2010 – $5,576). The increase was primarily attributed to professional fees incurred in connection with TLG’s CCAA proceeding;

– salaries and benefits expenses increased by $126,400 to $207,953 (Q2 2010 – $81,553). In connection with the acquisition of TLG, the Company assembled a core team of professionals to carry out the exploration and development of the TLG property; and

– stock-based compensation increased by $204,353 to $332,784 (Q2 2010 – $128,431). With the expansion of the Company’s operations, the Company granted more stock options to newly appointed directors and officers. The increase was also caused by the immediate recognition of stock-based compensation expense of $141,715 related to the previously unvested portion of cancelled options and $195,528 related to previously unvested portion of amended options.

Loss from discontinued operations, Yunnan Jin Chang Jiang Mining Co. Ltd and Sichuan Huaxi Mining Co. Ltd, were $210,242 (Q2 2010 – $87,939).

As of December 31, 2010, the Company had a working capital position of $20,716,257 (June 30, 2010 – $8,964,681). Cash and cash equivalents plus short term investments amounted to $24,451,086 (June 30, 2010 – $9,237,514) and are unencumbered.

OUTLOOK

Beginning early in 2011, the Company plans to initiate an aggressive program to move the newly acquired TLG Property towards timely gold and silver production. A highly experienced team with expertise in the areas of gold exploration, mining, and metallurgy, as well as community development and the environment, is being assembled to assist in bringing the Company’s existing gold and silver resources to development and discovering new ones. High priority will be given to compiling, reviewing, and synthesizing the vast amount of drill core and surface exploration results amassed from three decades of exploration and underground development. This work will underpin a major surface and underground drilling campaign to explore the priority targets generated during the data review. The Company also intends to file for additional permits to support on-going exploration and development on the TLG Property, and will initiate a major program directed to permitting a mine and mill, including First Nations consultations, community, government and stakeholder engagement, and a wide variety of hydrological, wildlife socio-economic and other studies necessary to support a mining application.

The Company’s Unaudited Interim Consolidated Financial Statements and Management’s Discussion and Analysis are available for review on our website at www.newpacificmetals.com and through SEDAR at www.sedar.com.

About New Pacific Metals Corp.

New Pacific Metals Corp. is engaged in the exploration and development of mineral resources in Canada. The Company’s strategy is to focus on projects, which it believes can be developed in a relatively short time frame into high-margin operations with reasonable development capital profiles. Its goal is to get a project into production with sufficient initial resources, but before the full resource potential of the property is defined, so that further exploration and potential development costs can be funded from the cash flows generated from early operations.

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Vancouver, British Columbia (January 13, 2011) – New Pacific Metals Corp. (“New Pacific”, TSX-V:NUX) announces findings from its re-evaluation and reassessment of historical exploration and drilling results at the Goddell Project on the Tagish Lake Gold Property, Yukon Territory, Canada (the “Goddell Project”). The Tagish Lake Gold Property consists of 178 square kilometres of mineral claims and is located approximately 80 kilometres by road from Whitehorse, Yukon Territory.

The Goddell Project is located on the east side of the Tagish Lake Gold Property. Prior to 1996, a total of 9,261 metres of surface drilling in 30 holes had been drilled at the Goddell Project. In 1996, an approximately 780 metre long, 3.5 metre by 4.0 metre decline was developed from the surface at the 1,015-metre elevation to provide access for underground drilling. By 1997, a total of 9,242 metres of underground drilling in 40 holes was completed. In 2003, Tagish Lake Gold Corp. (now, a 100% subsidiary of New Pacific) completed two surface drill holes totalling 975 metres, and in the following year two holes totalling 900 metres were drilled near the decline as part of a Yukon Government training program.

Data Review of Goddell Project

Gold mineralization at the Goddell Project occurs along the east-west trending Goddell Fault (shear zone) developed in a quartz monzonite intrusion of Cretaceous age. The Goddell Gully Zone (“G.G. Zone”) gold mineralization was discovered by surface mapping, chip sampling and trenching. In 1987, 11 shallow surface holes totalling 2,854 metres were drilled into the G.G. Zone from approximately 1,280-metres elevation down to 900-metres elevation; the best interval included 10.9 metres of 2.23 g/t gold in a rhyolite dyke. Drilling in 1988 tested deeper, to 800-metres elevation, and intercepted 11.24 metres grading 20.91 g/t gold, also in a rhyolite dyke. This new gold zone was referred as the “P.D. Zone”. In 1997, 37 underground drill holes totalling 8,520 metres were drilled to explore the P.D. Zone over a 400 metre strike length and a vertical extent of 170 metres, from approximately 870-metre elevation down to 700-metre elevation.

The geological relationship between the G.G. Zone and the P.D. Zone was not fully understood until 2003, when a structural analysis and alteration study was carried out on drill core. The G.G. Zone gold mineralization is developed along a rhyolite dyke (called “North Rhyolite Dyke”) that outcrops in Goddell Gully, where it became the focus of exploration. Gold mineralization in the P.D. Zone appears to have developed along a second rhyolite dyke (called “South Rhyolite Dyke”) that was intersected by drilling south of the G.G. Zone dyke, but was not reported to have been found at surface.

In 2003, Tagish Lake Gold Corp. re-sampled core from two surface drill holes and thirty-four underground drill holes. A total of 801 new samples were taken because the previous sampling program had not sampled continuously between many high grade intervals. From this re-sampling program, it was observed that higher grade gold intervals occur near the contacts between the rhyolite dykes and quartz monzonite, and low to moderate grade gold mineralization occurs between high grade gold intervals in the rhyolite dyke (2003 Technical Report by CME Consulting Ltd.). This re-sampling program also revealed a number of new gold mineralized intervals.

Recently, New Pacific’s technical team has re-examined the assay results from all available historical Goddell Project drill holes. The team determined that many drill core sample intervals start from or end in mineralization, indicating that the 2003 resampling program was still incomplete; accordingly, further sampling of these historical drill cores is warranted.

New Pacific Corp. has also re-plotted all drill hole cross-sections from the Goddell Project for the first time, extending the sections from the 600-metre elevation level (that is, at depth) to the surface (at 1,600-metres elevation). Based on this work, the team has re-interpreted the geology and produced a new geological model for the Goddell Project. The cross-sections show that the G.G. Zone (the North Rhyolite Dyke) outcrops in Goddell Gully (valley) dipping steeply to the north at about 85 degrees. The up-dip projection of the P.D. Zone (the South Rhyolite Dyke) to the surface is at the top of the hill at a location approximately 250 metres above and 400 metres south of Goddell Gully or the G.G. Zone. The P.D. Zone dips to the north at about 65 degrees. As a result of their proximity and contrasting dip angles, New Pacific now believes that the steeply dipping G.G. Zone and the less steeply dipping P.D. Zone merge at depth.

Endorsing this re-interpretation, near Exploration Line 4410E, the G.G. Zone outcrops at approximately 1,320-metres elevation, merging into the PD Zone near 800-metres elevation, approximately 520 metres below surface (see New Pacific website for the drill plan map, cross-section, and 3D model). Where the two zones merge, gold mineralization intensifies, yielding thicker mineralized intervals (the “Merged Zone” or P.D. Zone) as displayed in Table 1. The Merged Zone plunges at about 45 degrees to the west, and for this reason many historical drill holes located west of Line 4410E may not have been drilled deep enough to intersect the Merged Zone, hitting only the G.G. Zone.

Re-Calculation of Drill Intervals for the Merged Zone or P.D. Zone

Based on this new geological interpretation, it is now believed that only three surface holes and 26 underground holes intercepted the Merged Zone, and only one surface drill hole (90-GT6) intercepted the up-dip extension of the P.D. Zone (Table 1). The assay intervals for these 30 drill holes were thus re-calculated and listed in Table 1. The most significant recalculated intercepts for the Merged Zone or P.D. Zone are:

� Drill hole 97-41 intercepted 64.69 metres grading 5.75 g/t gold;
� Drill hole 88-PG3 intercepted 42.4 metres grading 6.23 g/t gold;
� Drill hole 97-59 intercepted 32.8 metres grading 7.94 g/t gold; and
� Drill hole 97-35 intercepted 31.7 metres grading 5.59 g/t gold.

The 2011 surface and underground drill program will test this new model by drilling down plunge and down dip of the Merged Zone, and into the projected up-dip extension and surface outcrop of the P.D. Zone.

Table 1: Comparisons of Drill Intervals for the P.D. Zone

Note: The “CME Results” were calculated using a 4 g/t gold cut-off whereas the “Re-Calculated Results” were calculated using a 0.5 g/t gold cut-off.

Gerhard Jacob is the Qualified Person for the project pursuant to National Instrument 43-101. He has reviewed this news release and verified re-calculation of the intervals as set out in Table1.

About New Pacific Metals Corp.

New Pacific is engaged in the exploration and development of mineral resources in Canada and China. The Company’s strategy is to focus on projects that it believes can be developed in a relatively short time frame into high-margin operations with reasonable development capital profiles. Its goal is to get projects into production with sufficient initial resources, but before the full resource potential of the properties are defined, so that later exploration and potential development costs can be funded by cash flows generated from early operations.

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Vancouver, British Columbia (January 5, 2011) – New Pacific Metals Corp. (“New Pacific”, TSXV: NUX) is pleased to announce it has completed the acquisition of the 100% interest in Tagish Lake Gold Corp. through a court-approved plan of arrangement under the Business Corporations Act of British Columbia. Henceforth, Tagish Lake Gold Corp. (“Tagishâ€�) will operate as a wholly owned subsidiary of New Pacific. Tagish’s main asset is the Skukum Gold Project (renamed the “Tagish Lake Gold Propertyâ€� or “the Property”), which comprises 982 mining claims covering a 178 square kilometre area located approximately 80 kilometres by road south of Whitehorse, Yukon Territory, Canada.

History of Tagish Lake Gold Property

The Tagish Lake Gold Property was discovered more than 100 years ago and was owned and operated by various companies before 2000. In December 2000, Tagish Lake Gold Corp. was formed through a court-approved amalgamation of Omni Resources Inc. and Trumpeter Yukon Gold Inc., with the amalgamated property conforming to the current area of the Tagish Lake Gold Property.

Substantial surface and subsurface exploration of the Property has identified three mineral deposits (projects): the Mt. Skukum (past gold producer), Skukum Creek (gold-silver) and Goddell (gold) projects. In a NI 43-101 technical report dated August 1, 2001, C. Naas, P. Geo. (CME Consulting Ltd.; the “2001 Technical Report”) documented a minimum of 113,446 metres of surface and underground drilling in 806 holes drilled from 1977 to 2001 and concentrated in the Mt. Skukum, Skukum Creek and Goddell project areas.

From September 2001, Tagish completed an additional 13,738 metres of surface and underground drilling in 126 holes at the Skukum Creek Project and 1,874 metres of surface drilling in four drill holes at the Goddell Project, bringing the total amount of surface and underground drilling to 129,059 metres in 936 drill holes. A total of 4,830 metres of underground workings were also developed to provide access to mineral resources at the Skukum Creek and Goddell projects. From the total 129,059 metres of drilling, 87,423 metres of surface and underground diamond drilling in 604 holes (Goddell Project: 22,925 metres of drilling and 780 metre decline; Skukum Creek Project: 44,694 metres drilling and 4,050 metre drifting and decline; and Mt. Skukum Project and many other veins: 19,804 metres drilling and 685 metres drifting on Lake Zones) have been digitized and modeled by NI 43-101 qualified consultants employed by Tagish.

Drill results to August 2001 for the Lake Veins at Mt. Skukum, Skukum Creek and Goddell projects were incorporated into the NI 43-101 resource estimate contained in the 2001 Technical Report (CME Consulting Ltd., 2001; filed by Tagish on SEDAR May 7, 2002). Subsequently, two additional NI 43-101 resource estimate reports for Skukum Creek and Goddell projects were prepared by MineTech International Limited and filed by Tagish in 2003 and 2007. The Table 1 lists the NI 43-101 gold resources of the Tagish Lake Gold Property based on the resource estimates contained in the 2001, 2003, and 2007 technical reports. The resources in all three projects are open down dip and along strike.

Table 1: NI 43-101 Resources of Tagish Lake Gold Property (including Lake Veins at Mt. Skukum, Goddell and Skukum Creek projects; gold cut-off grade >4 g/t).

Resource Category	Tonnes	Gold (g/t)	Silver (g/t)	Gold Equivalent (oz)
Measured	195,000	5.8	240	66,456
Indicated	1,357,200	8.1	114	451,187
Measure + Indicated	1,552,200	7.8	130	517,463
Inferred	570,000	7.9	71	170,798

 

 

Gold Equivalent (oz) was calculated based on gold/silver ratio of 50/1; undiluted.

In addition to the three known deposits, historical reports document numerous soil gold geochemical anomalies, gold showings, gold zones, or gold outcrops within the Property, with several yielding significant results that have not yet been followed up by systematic exploration or drilling. One example is the Raca Zone located 300 metres east of the Skukum Creek deposit. At the Raca Zone, drill hole Raca 97-1 intercepted a 2.81 metre interval grading 3.21 g/t gold and 628 g/t silver. Nearby, drill hole 85-22 intercepted a 3.82 metre interval grading 0.8 g/t gold and 413 g/t silver on the Polaris Vein (2001 Technical Report). No exploration has been carried out on the veins since 1997. At the Charleston Project located about 2.3 kilometres west of the Skukum Creek deposit, surface mapping, geochemical surveying, and trenching by Tagish and other previous operators have revealed a multi-vein system with anomalous gold-silver zones extending over a strike length of 4 kilometres, including a channel sample grading 205.83 g/t gold and 213 g/t silver over a 2.05 metre interval (2001 Technical Report). To date, the Charleston Project has not been drilled.

Historical gold production from the Tagish Lake Gold Property was 77,796 ounces of gold from 223,439 tons (202,701 tonnes) of ore produced from the Main Cirque Vein at the Mt. Skukum Mine, which operated from February 1986 to August 1988. In addition to the access roads and underground workings at the Mt. Skukum, Skukum Creek and Goddell projects, site infrastructure at the Tagish Lake Gold Property includes a 300 tonne per day mill, a tailings reclamation site, a service building and camp facilities. An assessment of the existing mining and site infrastructure will be undertaken as part of the 2011 work plan.

Between 2001 and 2007, a number of metallurgical studies were completed on the materials from the Skukum Creek deposit by different Canadian laboratories. Based on the CANTEST (2007) flotation test report, with grinding to 60.6% passing minus 200 mesh and a simple one-stage flotation circuit, the gold-silver ores from the Skukum Creek Project can produce a saleable gold-silver concentrate with 95.5% gold recovery and 88.6% silver recovery.

EXPLORATION AND DEVELOPMENT PLAN FOR 2011

New Pacific plans to perform the following tasks in 2011:

1) prepare and submit a new mining permit application utilizing the existing mill facility, including carrying out environmental and feasibility studies;
2) review, digitize and re-evaluate the vast amount of historical exploration and drilling data to generate new geological models and to identify and prioritize new drilling targets;
3) re-check mineralization showings, outcrops, soil geochemical and geophysical anomalies as documented in the historical reports for the Property;
4) carry out new soil geochemical, airborne and ground geophysical surveys;
5) conduct underground drilling at the Skukum Creek and Goddell projects; and
6) conduct surface drilling of other high priority targets.

New Pacific has assembled a core team of professionals to carry out these tasks and objectives. Financially, New Pacific is well positioned to achieve its goal of initial limited production while carrying out extensive exploration to grow the resources at the Tagish Lake Gold Property. New Pacific has just completed a $24 million private placement financing. Also it expects to receive approximately $23 million net proceeds (net of government tax and costs) over the next 20 months from the disposal of its China assets.

About New Pacific Metals Corp.

New Pacific is engaged in the exploration and development of mineral resources in Canada and China. The Company’s strategy is to focus on projects which it believes can be developed in a relatively short time frame into high-margin operations with reasonable development capital profiles. Its goal is to get projects into production with sufficient initial resources, but before the full resource potential of the properties are defined, so that later exploration and potential development costs can be funded from the cash flows generated from early operations.

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Vancouver, British Columbia (January 5, 2011) – New Pacific Metals Corp. (“New Pacific”, TSXV: NUX) is pleased to announce it has completed the acquisition of the 100% interest in Tagish Lake Gold Corp. through a court-approved plan of arrangement under the Business Corporations Act of British Columbia. Henceforth, Tagish Lake Gold Corp. (“Tagishâ€�) will operate as a wholly owned subsidiary of New Pacific. Tagish’s main asset is the Skukum Gold Project (renamed the “Tagish Lake Gold Propertyâ€� or “the Property”), which comprises 982 mining claims covering a 178 square kilometre area located approximately 80 kilometres by road south of Whitehorse, Yukon Territory, Canada.

History of Tagish Lake Gold Property

The Tagish Lake Gold Property was discovered more than 100 years ago and was owned and operated by various companies before 2000. In December 2000, Tagish Lake Gold Corp. was formed through a court-approved amalgamation of Omni Resources Inc. and Trumpeter Yukon Gold Inc., with the amalgamated property conforming to the current area of the Tagish Lake Gold Property.

Substantial surface and subsurface exploration of the Property has identified three mineral deposits (projects): the Mt. Skukum (past gold producer), Skukum Creek (gold-silver) and Goddell (gold) projects. In a NI 43-101 technical report dated August 1, 2001, C. Naas, P. Geo. (CME Consulting Ltd.; the “2001 Technical Report”) documented a minimum of 113,446 metres of surface and underground drilling in 806 holes drilled from 1977 to 2001 and concentrated in the Mt. Skukum, Skukum Creek and Goddell project areas.

From September 2001, Tagish completed an additional 13,738 metres of surface and underground drilling in 126 holes at the Skukum Creek Project and 1,874 metres of surface drilling in four drill holes at the Goddell Project, bringing the total amount of surface and underground drilling to 129,059 metres in 936 drill holes. A total of 4,830 metres of underground workings were also developed to provide access to mineral resources at the Skukum Creek and Goddell projects. From the total 129,059 metres of drilling, 87,423 metres of surface and underground diamond drilling in 604 holes (Goddell Project: 22,925 metres of drilling and 780 metre decline; Skukum Creek Project: 44,694 metres drilling and 4,050 metre drifting and decline; and Mt. Skukum Project and many other veins: 19,804 metres drilling and 685 metres drifting on Lake Zones) have been digitized and modeled by NI 43-101 qualified consultants employed by Tagish.

Drill results to August 2001 for the Lake Veins at Mt. Skukum, Skukum Creek and Goddell projects were incorporated into the NI 43-101 resource estimate contained in the 2001 Technical Report (CME Consulting Ltd., 2001; filed by Tagish on SEDAR May 7, 2002). Subsequently, two additional NI 43-101 resource estimate reports for Skukum Creek and Goddell projects were prepared by MineTech International Limited and filed by Tagish in 2003 and 2007. The Table 1 lists the NI 43-101 gold resources of the Tagish Lake Gold Property based on the resource estimates contained in the 2001, 2003, and 2007 technical reports. The resources in all three projects are open down dip and along strike.

Table 1: NI 43-101 Resources of Tagish Lake Gold Property (including Lake Veins at Mt. Skukum, Goddell and Skukum Creek projects; gold cut-off grade >4 g/t).

Resource Category	Tonnes	Gold (g/t)	Silver (g/t)	Gold Equivalent (oz)
Measured	195,000	5.8	240	66,456
Indicated	1,357,200	8.1	114	451,187
Measure + Indicated	1,552,200	7.8	130	517,463
Inferred	570,000	7.9	71	170,798

 

 

Gold Equivalent (oz) was calculated based on gold/silver ratio of 50/1; undiluted.

In addition to the three known deposits, historical reports document numerous soil gold geochemical anomalies, gold showings, gold zones, or gold outcrops within the Property, with several yielding significant results that have not yet been followed up by systematic exploration or drilling. One example is the Raca Zone located 300 metres east of the Skukum Creek deposit. At the Raca Zone, drill hole Raca 97-1 intercepted a 2.81 metre interval grading 3.21 g/t gold and 628 g/t silver. Nearby, drill hole 85-22 intercepted a 3.82 metre interval grading 0.8 g/t gold and 413 g/t silver on the Polaris Vein (2001 Technical Report). No exploration has been carried out on the veins since 1997. At the Charleston Project located about 2.3 kilometres west of the Skukum Creek deposit, surface mapping, geochemical surveying, and trenching by Tagish and other previous operators have revealed a multi-vein system with anomalous gold-silver zones extending over a strike length of 4 kilometres, including a channel sample grading 205.83 g/t gold and 213 g/t silver over a 2.05 metre interval (2001 Technical Report). To date, the Charleston Project has not been drilled.

Historical gold production from the Tagish Lake Gold Property was 77,796 ounces of gold from 223,439 tons (202,701 tonnes) of ore produced from the Main Cirque Vein at the Mt. Skukum Mine, which operated from February 1986 to August 1988. In addition to the access roads and underground workings at the Mt. Skukum, Skukum Creek and Goddell projects, site infrastructure at the Tagish Lake Gold Property includes a 300 tonne per day mill, a tailings reclamation site, a service building and camp facilities. An assessment of the existing mining and site infrastructure will be undertaken as part of the 2011 work plan.

Between 2001 and 2007, a number of metallurgical studies were completed on the materials from the Skukum Creek deposit by different Canadian laboratories. Based on the CANTEST (2007) flotation test report, with grinding to 60.6% passing minus 200 mesh and a simple one-stage flotation circuit, the gold-silver ores from the Skukum Creek Project can produce a saleable gold-silver concentrate with 95.5% gold recovery and 88.6% silver recovery.

EXPLORATION AND DEVELOPMENT PLAN FOR 2011

New Pacific plans to perform the following tasks in 2011:

1) prepare and submit a new mining permit application utilizing the existing mill facility, including carrying out environmental and feasibility studies;
2) review, digitize and re-evaluate the vast amount of historical exploration and drilling data to generate new geological models and to identify and prioritize new drilling targets;
3) re-check mineralization showings, outcrops, soil geochemical and geophysical anomalies as documented in the historical reports for the Property;
4) carry out new soil geochemical, airborne and ground geophysical surveys;
5) conduct underground drilling at the Skukum Creek and Goddell projects; and
6) conduct surface drilling of other high priority targets.

New Pacific has assembled a core team of professionals to carry out these tasks and objectives. Financially, New Pacific is well positioned to achieve its goal of initial limited production while carrying out extensive exploration to grow the resources at the Tagish Lake Gold Property. New Pacific has just completed a $24 million private placement financing. Also it expects to receive approximately $23 million net proceeds (net of government tax and costs) over the next 20 months from the disposal of its China assets.

About New Pacific Metals Corp.

New Pacific is engaged in the exploration and development of mineral resources in Canada and China. The Company’s strategy is to focus on projects which it believes can be developed in a relatively short time frame into high-margin operations with reasonable development capital profiles. Its goal is to get projects into production with sufficient initial resources, but before the full resource potential of the properties are defined, so that later exploration and potential development costs can be funded from the cash flows generated from early operations.

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Vancouver, British Columbia (December 23, 2010) – New Pacific Metals Corp. (TSXV: “NUX”) (the “Company” or “New Pacific”), announces that subject to regulatory approval, it has granted an aggregate of 220,000 incentive stock options to consultants and a director of the Company. The stock options are exercisable at $1.65 for a period of five years and are subject to a vesting period of 48 months.

The Company is also pleased to announce the appointment of Dr. Robert Kerrich as a director of the Company effective immediately. Since 1987, Dr. Robert Kerrich has been the George McLeod Research Chair at the Department of Geological Science at the University of Saskatchewan. He has 30 years mineral deposit field experience and mineral deposit consulting experience in gold and base metals in projects based in North and South America, China, and Africa. He is in good standing with the Canadian Institute of Mining and Metallurgy, the Mineralogical Association of Canada, the Geological Society of Canada, the Geological Society of America, the Geological Society of London, and the American Geophysical Union. With this new appointment, the Company announces the resignation of both Joanne Yan and Shating Shen as directors of the Company and wish to thank them for their contributions to the Company.

To advance the Tagish Lake Gold Project, the Company has also built a team currently consisting of a president, vice-president finance, four geologists, and one metallurgist. The Company plans to augment this team in the coming months.

New Pacific is engaged in the exploration and development of mineral resources and gold-poly-metallic projects in Canada and China. New Pacific has extensive experience in implementing high grade resource development projects. For more information about New Pacific, visit New Pacific’s website at www.newpacificmetals.com.

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

Forward Looking Information

This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, discussion of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based on a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. New Pacific Metals disclaims any intention or obligations to revise or update such statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Vancouver, British Columbia (December 22, 2010) – New Pacific Metals Corp. (TSX-V: “NUX”) (“New Pacific”), announces that, further to its press releases dated December 3, 2010 and December 6, 2010, New Pacific has completed the brokered private placement (the “Brokered Private Placement”) of 11,500,000 units (“Units”) of New Pacific at a price of $1.35 per Unit and non-brokered private placement (the “Non-Brokered Private Placement”) of 6,500,000 Units of New Pacific at a price of $1.35 per Unit. The Brokered Private Placement was conducted on a best efforts basis by Salman Partners Inc. and Raymond James Ltd. (the “Agents”). The Agents fully exercised an over-subscription option granted by New Pacific to place an additional 1,000,000 Units at $1.35 per Unit. Each Unit is comprised of one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable at $2.00 per common share for an 18 month period expiring June 22, 2012.

The proceeds of both private placements will be used to finance continuing exploration and development activities of New Pacific’s exploration projects and for its general working capital.

In connection with the Brokered Private Placement, the Agents received a cash commission of 6% of the gross proceeds raised under the Brokered Private Placement and that number of transferable broker warrants equal to 3% of the aggregate number of Units sold under the Brokered Private Placement.

All securities issued pursuant to the private placements are subject to a four month hold period expiring on April 23, 2011.

About New Pacific Metals

New Pacific is engaged in the exploration and development of mineral resources in Canada and China. New Pacific’s strategy is to focus on projects which it believes can be developed in a relatively short time frame into high-margin operations with reasonable development capital profiles. Its goal is to get projects into production with sufficient initial resources, but before the full resource potential of the properties are defined, so that later exploration and potential development costs can be funded from the cash flows generated from early operations.

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

Forward Looking Information

This news release may contain forward-looking statements (within the meaning of applicable securities laws) relating to New Pacific. Forward-looking statements are identified by words such as “believe”, “anticipate”, “expect”, “intend”, “plan”, “will”, “may” and other similar expressions. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Forward-looking information in this news release includes, without limitation, statements made in respect to the disclosed use of proceeds. All forward-looking statements in this news release are qualified by these cautionary statements. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, should not be unduly relied upon and will not necessarily be accurate indications of whether or not such results will be achieved. Forward-looking information is based on various material factors or assumptions, which are based on information currently available to the New Pacific. Although the forward-looking statements contained in this news release are based upon what management believes are reasonable assumptions, New Pacific cannot assure readers that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this news release are made as of the date of this news release and should not be relied upon as representing the New Pacific’s views as of any date subsequent to the date of this news release. New Pacific assumes no obligation to update or revise these forward-looking statements to reflect new information, events, circumstances or otherwise, except as required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Vancouver, British Columbia (December 22, 2010) – New Pacific Metals Corp. (TSX-V: “NUX”) (“New Pacific”), announces that, further to its press releases dated December 3, 2010 and December 6, 2010, New Pacific has completed the brokered private placement (the “Brokered Private Placement”) of 11,500,000 units (“Units”) of New Pacific at a price of $1.35 per Unit and non-brokered private placement (the “Non-Brokered Private Placement”) of 6,500,000 Units of New Pacific at a price of $1.35 per Unit. The Brokered Private Placement was conducted on a best efforts basis by Salman Partners Inc. and Raymond James Ltd. (the “Agents”). The Agents fully exercised an over-subscription option granted by New Pacific to place an additional 1,000,000 Units at $1.35 per Unit. Each Unit is comprised of one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable at $2.00 per common share for an 18 month period expiring June 22, 2012.

The proceeds of both private placements will be used to finance continuing exploration and development activities of New Pacific’s exploration projects and for its general working capital.

In connection with the Brokered Private Placement, the Agents received a cash commission of 6% of the gross proceeds raised under the Brokered Private Placement and that number of transferable broker warrants equal to 3% of the aggregate number of Units sold under the Brokered Private Placement.

All securities issued pursuant to the private placements are subject to a four month hold period expiring on April 23, 2011.

About New Pacific Metals

New Pacific is engaged in the exploration and development of mineral resources in Canada and China. New Pacific’s strategy is to focus on projects which it believes can be developed in a relatively short time frame into high-margin operations with reasonable development capital profiles. Its goal is to get projects into production with sufficient initial resources, but before the full resource potential of the properties are defined, so that later exploration and potential development costs can be funded from the cash flows generated from early operations.

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

Forward Looking Information

This news release may contain forward-looking statements (within the meaning of applicable securities laws) relating to New Pacific. Forward-looking statements are identified by words such as “believe”, “anticipate”, “expect”, “intend”, “plan”, “will”, “may” and other similar expressions. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Forward-looking information in this news release includes, without limitation, statements made in respect to the disclosed use of proceeds. All forward-looking statements in this news release are qualified by these cautionary statements. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, should not be unduly relied upon and will not necessarily be accurate indications of whether or not such results will be achieved. Forward-looking information is based on various material factors or assumptions, which are based on information currently available to the New Pacific. Although the forward-looking statements contained in this news release are based upon what management believes are reasonable assumptions, New Pacific cannot assure readers that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this news release are made as of the date of this news release and should not be relied upon as representing the New Pacific’s views as of any date subsequent to the date of this news release. New Pacific assumes no obligation to update or revise these forward-looking statements to reflect new information, events, circumstances or otherwise, except as required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.