VANCOUVER, BRITISH COLUMBIA – November 18, 2013: New Pacific Metals Corp. (“New Pacific” or the “Company”) is pleased to announce the first tranche of assay results of the 2013 diamond drilling program at the RZY silver-lead-zinc exploration project (the “Project”) in Qinghai province, China.  

Highlights of the most prominent drill results include (note – widths are core length not true widths):

• 4.40m @ 418 g/t Ag, 8.5% Pb, 5.5% Zn, and 1.25% Sb from 83.3 meters to 87.7 meters, including 1.4m @ 990 g/t Ag, 21.6% Pb, 8.6% Zn, and 3.48% Sb from 86.3 meters to 87.7 meters in hole Zk3504.

The assay results from the first four of 20 holes (see Table 1 below) indicate the mineralization at the Project site is silver-dominated with considerable amounts of lead, zinc, antimony, tin, and copper. Mineralization at the Project is hosted by altered shear structures developed in Permian turbidite sediments and is generally characterized by massive and disseminated sulfides of galena-sphalerite-pyrite in altered sandstone and dacitic dykes.  Hole ZK3503 may have drilled in the footwall of, and parallel to, the mineralized shear structure, hence missing the mineralized zones. The Company’s geological team is finalizing core cutting and sampling for the remaining 16 holes and further assay results will be released once available.

Table 1: Assay results

Cut-off of 40 g/t silver or 0.5% of sum of lead and zinc is used in calculation of intercepts. Interval is reported as core length. True width is not available due to speculative geometry of mineralized zones caused by scarcity of drill data at this early exploration stage.

Drill cores are halved by diamond saw with half core samples being shipped to the preparation lab of SGS at Xi’an for preparation.  Pulp samples were then shipped to SGS laboratory located in Tianjin for assay.  Analysis methods are four-acid digestion plus ICP-AES finish (lab code ICP40Q) for silver, lead, zinc, and copper with overlimits going to ore grade assay by AAS finish, and sodium peroxide fusion plus ICP-AES finish (lab code ICP90A) for tin and antimony.  Standard reference materials, blank, and field duplicate samples were inserted prior to shipment for assaying to monitor the quality assurance and quality control of the assay data.

Alex Zhang, P.Geo., is the Qualified Person on the project as defined under National Instrument 43-101. He has reviewed and approved the technical contents of this news release.

About New Pacific

New Pacific is a Canadian gold and silver exploration and development company which owns the Tagish Lake gold project in Yukon, Canada, and also owns the majority interests of the RZY silver-lead-zinc exploration project in Qinghai Province, China.

For further information, contact:

New Pacific Metals Corp.
Investor Relations
Phone: (604) 633-1368
Fax: (604) 669-9387
info@newpacificmetals.com
www.newpacificmetals.com

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