Company Information for New Pacific Metals Corporation

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Company Statement

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, NYSE: SVM), the largest silver producer in China, is the company's major shareholder with an interest of 23.2%. 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.

Current Operations

Guangdong Province Projects

Huaiji Gold Project

The Huaiji Gold Project is composed of two gold-polymetallic exploration permits referred to as "HNK" and "XSK" which have a total area of 160 square kms.

The permit areas are located in Guangdong Province's Huaiji and Guangning counties, about 180 kilometers (km) northwest of Guangzhou, the capital city of Guangdong Province. Guangzhou, one of China's largest cities, is serviced by daily air flights with connections to all major cities in China and many international destinations. Access to the two permits from Guangzhou is via paved highways, then by inter-township paved roads.

Geologically, the permit areas are located in the centre of the Dayao mountain range upwarping, southwest of the Southern-China Craton, where the Southern-China Craton is cut into the mountain ranges and basins by numerous parallel deep northeastern trending structures that extend several hundreds kilometres. The Cambrian and pre-Cambrian metasediments are dominant rock sequences in the mountain ranges, whereas in the basins, Jurrasic and Cretaceous volcanics are the dominant rock units. Gold and silver mineralization in these areas mainly occur in the mountain ranges that are intruded by Mesozoic and even Cenozoic granite plutons and porphyries.

The two permits were applied to cover two extensive gold, silver, and antimony stream sedimentary geochemical anomalies that were revealed by 1 to 200,000 and 1 to 50,000 scales geochemical surveys performed by the Guangdong branch of the Geological Survey of China. The two permits also cover numerous occurrences of gold mineralization and alluvial gold. Gold mineralization is hosted in the carbonaceous strata, carbonate rock, and calcareous-tuff shales of the Cambrian Gaotan Formation, which were intruded by late Mesozoic and Cenozoic granitic plutons and porphyries. 

HNK Permit

• Numerous old adits
  - Sampling 189 tunnels over a total length of 5,861 meters
• 18 Au-bearing veins identified
  - Length: 100-~1,000m
  - Width: 0.1-1.5m
• Drilling
  - 5,279 meters in 54 drill holes drilled to Nov. 2009
  - 24 holes intersected V9 vein
• Tunneling
  - Tunneled 3,000m on levels PD260, PD220, PD180, and PD140 to Nov 2009
  - Plan additional 2,000m of tunneling on V9 and access tunneling to V11, V2(newly discovered vein), and v209 in the West Area
• Major intersections
  - ZK0001: 3.1m@13.55g/t Au
  - ZK0002: 1.23m@10.50g/t Au
  - ZK0003: 1.94m@46.06g/t Au, 8.13m@55.05g/t Au, including 4.43m@99.91g/t Au
• Major Tunneling Results
  - 621 grams per tonne (g/t) Au and 181 g/t Ag over 0.5 m at elevation 180 on vein V9
  - 443 grams per tonne (g/t) Au and 146 g/t Ag over 0.5 m at elevation 180 on vein V9
  - 125.83 grams per tonne (g/t) Au over 1.10 m at elevation 260 on vein V9
  - 31.10 (g/t) Au and 29 g/t Ag over 0.60 m at elevation 220 on vein V9
  - 35.23(g/t) Au and 90 g/t Ag over 1.10 m at elevation 220 on vein R1

Sichuan Province Projects

• Located in Southern Sichuan Province
• Near Xichang (Satellite Launch Center)
• 210km Southwest of Chengdu
• Flight Access to Chengdu and Xichang

Kang Dian Projects (Jinhe Project and Nantianmen Project)

• Gabbro-pyroxenite batholith (length: 20km, width: 10km) in late Permian limestones
• Numerious ulramafic sills and stocks intruded in the batholith and late Precambrian sediments
• Ni-PGM mineralization contained in the intrusions

Jinhe Project

• A rich Cu-Ag mineralized zone
  - In the Cambrian dolomatic limestone interbedded with silt slates that were intruded by ultramafic sills
  - Almost 2km long
  - Extending near N-S direction
  - Dipping W (60°dip angle)
• Two branch Cu-Ag zones
• Tunneling
  - 15.46% Cu and 224 g/t Ag over 0.26 m true width
  - 26.00% Cu and 876 g/t Ag over 0.18 m true width
  - 11.71% Cu and 486 g/t Ag over 0.40 m true width
• Continue tunneling

Nantianmen Project

• Ni-Cu sulfide zones
  - Near the contact between the ultra-mafic stock and the Cambrian dolomitic sequences
• Drilling in 2005
  - 9.34 m thickness mineralized zone grading 0.334% Ni, 0.248% Cu, 0.014% Co, 0.1 g/t PGM, and 0.191 g/t Au
• Trenching
  - Two sulfide zones were the targets of trenching followed by preliminary drilling  

Geographical Spread

Board of Directors and Key Management

Board of Directors and Management
Rui Feng	Director
Jack Austin	Director and Chairman
Lou Duarte	Director, President and CEO
Joanne Yan	Director
Shating Shen	Director
Xianda Wang (Sander)	Vice President of Operations
Maria Tang	Interim Chief Financial Officer
Flora Lo	Corporate Secretary

Company Address Suite 1378 - 200 Granville Street Vancouver, BC, British Columbia, Canada V6C 1S4 Telephone: 1-604-633-1368 Facsimile: 1-604-669-9387 Email: info[at]newpacificmetals.com Website: http://www.newpacificmetals.com

Additional Address/Key Contact Investor Relations: Ivy Li Tel: 604-633-1368 Fax: 604-669-9387

Capital Shares Outstanding 31.9 million Shares Fully Diluted 34.7 million

Annual General Meeting November, Vancouver

Year End 30, June

Major Shareholders

Silvercorp Metals Corp., 23.2%

Related News

08/07/09 - New Pacific Metals Could Be In Production Quite Quickly If It Follows Big Brother Silvercorp’s Example

Most Recent Statement

02/03/10 - New Pacific Metals Corp. Announces Results for the Three Months Ended December 31, 2009
26/11/09 - New Pacific Metals Corp. Announces Results for the Three Months
28/09/09 - New Pacific Metals Corp. Announces Results for the 4th Quarter
29/05/09 - New Pacific Metals Corp. Announces Results For the 3rd Quarter Ended March 31, 2009
29/04/09 - New Pacific Metals Corp.: Further High Grade Gold Mineralization Intersected by Underground Tunneling at the HNK Gold-Polymetallic Project, Guangdong Province, China
26/02/09 - New Pacific Metals Corp. Announces Results for the 2nd Quarter Ended December 31, 2008.