Author: whitegoldbc

December 20, 2010 – New Pacific Metals Corp. (“New Pacific”) (TSX-V:NUX) and Tagish Lake Gold Corp. (“Tagish Lake”) (TSX-V:TLG) are pleased to announce that they have completed the previously announced court approved plan of arrangement (the “Arrangement”) under the Business Corporations Act (British Columbia) involving Tagish Lake, its shareholders and New Pacific.

Tagish Lake received shareholder approval for the Arrangement at the meeting of its shareholders held on December 15, 2010. The Supreme Court of British Columbia granted a final order approving the Arrangement on December 16, 2010. The common shares of Tagish Lake were halted on the TSX Venture Exchange on December 20, 2010 and will be voluntarily delisted from the TSX Venture Exchange. Tagish Lake will also apply to cease to be a reporting issuer under applicable Canadian securities laws.

Pursuant to the Arrangement, New Pacific acquired all of the issued and outstanding common shares of Tagish Lake (“Tagish Shares”) which it did not already hold in consideration for each Tagish Share, at the election of each Tagish shareholder: (i) $0.10 in cash, (ii) 0.137 of a common share of New Pacific, or (iii) a combination of $0.05 in cash and 0.0685 in common shares of New Pacific. Prior to completion of the Arrangement, New Pacific held 114,101,236 Tagish Shares (representing approximately 79.2% of the outstanding Tagish Shares). Pursuant to the Arrangement, New Pacific acquired the remaining 26,810,756 Tagish Shares and Tagish Lake is now a wholly-owned subsidiary of New Pacific. Upon completion of the Arrangement, New Pacific now has 47,663,053 common shares outstanding.

New Pacific has deposited a total of $987,962.50 in cash and 2,319,565 common shares of New Pacific with the depositary, Kingsdale Shareholder Services Inc., to satisfy the consideration payable to Tagish shareholders who surrendered their Tagish Shares pursuant to the Arrangement.

Tagish Lake shareholders who have questions or require more information with respect to the Arrangement or the payment and receipt of the applicable consideration should contact:

Kingsdale Shareholder Services Inc.
The Exchange Tower
130 King Street West, Suite 2950, P.O. Box 361
Toronto, Ontario M5X 1E2
Tel: 1-888-518-1562 / Fax: 416-867-2271
Email: contactus@kingsdaleshareholder.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

This news release may contain forward-looking statements (within the meaning of applicable securities laws) relating to the 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 of the Arrangement, New Pacific and Tagish Lake.

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 the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

December 20, 2010 – New Pacific Metals Corp. (“New Pacific”) (TSX-V:NUX) and Tagish Lake Gold Corp. (“Tagish Lake”) (TSX-V:TLG) are pleased to announce that they have completed the previously announced court approved plan of arrangement (the “Arrangement”) under the Business Corporations Act (British Columbia) involving Tagish Lake, its shareholders and New Pacific.

Tagish Lake received shareholder approval for the Arrangement at the meeting of its shareholders held on December 15, 2010. The Supreme Court of British Columbia granted a final order approving the Arrangement on December 16, 2010. The common shares of Tagish Lake were halted on the TSX Venture Exchange on December 20, 2010 and will be voluntarily delisted from the TSX Venture Exchange. Tagish Lake will also apply to cease to be a reporting issuer under applicable Canadian securities laws.

Pursuant to the Arrangement, New Pacific acquired all of the issued and outstanding common shares of Tagish Lake (“Tagish Shares”) which it did not already hold in consideration for each Tagish Share, at the election of each Tagish shareholder: (i) $0.10 in cash, (ii) 0.137 of a common share of New Pacific, or (iii) a combination of $0.05 in cash and 0.0685 in common shares of New Pacific. Prior to completion of the Arrangement, New Pacific held 114,101,236 Tagish Shares (representing approximately 79.2% of the outstanding Tagish Shares). Pursuant to the Arrangement, New Pacific acquired the remaining 26,810,756 Tagish Shares and Tagish Lake is now a wholly-owned subsidiary of New Pacific. Upon completion of the Arrangement, New Pacific now has 47,663,053 common shares outstanding.

New Pacific has deposited a total of $987,962.50 in cash and 2,319,565 common shares of New Pacific with the depositary, Kingsdale Shareholder Services Inc., to satisfy the consideration payable to Tagish shareholders who surrendered their Tagish Shares pursuant to the Arrangement.

Tagish Lake shareholders who have questions or require more information with respect to the Arrangement or the payment and receipt of the applicable consideration should contact:

Kingsdale Shareholder Services Inc.
The Exchange Tower
130 King Street West, Suite 2950, P.O. Box 361
Toronto, Ontario M5X 1E2
Tel: 1-888-518-1562 / Fax: 416-867-2271
Email: contactus@kingsdaleshareholder.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

This news release may contain forward-looking statements (within the meaning of applicable securities laws) relating to the 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 of the Arrangement, New Pacific and Tagish Lake.

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 the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Vancouver, British Columbia (December 6, 2010) – New Pacific Metals Corp. (TSXV: “NUX”) (“New Pacific”) is pleased to announce it has increased the offering as originally set out in New Pacific’s December 3, 2010 news release.

Salman Partners Inc. and Raymond James Ltd. (the “Agents”) are to complete a best efforts brokered private placement (the “Brokered Placement”) of 10.5 million units at $1.35 per unit (each a “Unit”). Each Unit is comprised of one common share and one-half (1/2) of one share purchase warrant. Each whole warrant shall entitle the holder to purchase, at any time within 18 months from the Closing, one common share of New Pacific (the “Share”) at a price of $2.00. The Brokered Placement may be increased by an additional one million Units at the Agents’ discretion (the “Oversubscription”) in the event that subscriptions for Units are received for greater than $14.175 million. The closing of the Brokered Placement is expected on or about December 22, 2010 (the “Closing”) or such other date the Agents and New Pacific agree to. The securities comprising the Units will be subject to a four month hold period from Closing.

At Closing, New Pacific will pay a cash commission of 6% of the gross proceeds of the Brokered Placement to the Agents and the Agents will receive transferable broker warrants (the “Broker Warrants”) equal in number to 3% of the aggregate number of Units sold pursuant to the Brokered Placement (including Units sold pursuant to the exercise of the Oversubscription option, if any). The Broker Warrants will be exercisable to purchase Shares at the Unit price for a period of 18 months from Closing.

Concurrent with the Brokered Placement, New Pacific intends to complete a non-brokered offering of up to 6.5 million Units (the “Non-brokered Placement”) at the same price and terms as the Brokered Placement. The Non-brokered Placement shall close concurrently with the Closing.

The net proceeds of both placements will be utilized to finance continuing exploration and development activities of New Pacific’s exploration projects and for its general working capital. The placements are subject to regulatory approval, including TSX Venture Exchange approval.

About New Pacific Metals

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 6, 2010) – New Pacific Metals Corp. (TSXV: “NUX”) (“New Pacific”) is pleased to announce it has increased the offering as originally set out in New Pacific’s December 3, 2010 news release.

Salman Partners Inc. and Raymond James Ltd. (the “Agents”) are to complete a best efforts brokered private placement (the “Brokered Placement”) of 10.5 million units at $1.35 per unit (each a “Unit”). Each Unit is comprised of one common share and one-half (1/2) of one share purchase warrant. Each whole warrant shall entitle the holder to purchase, at any time within 18 months from the Closing, one common share of New Pacific (the “Share”) at a price of $2.00. The Brokered Placement may be increased by an additional one million Units at the Agents’ discretion (the “Oversubscription”) in the event that subscriptions for Units are received for greater than $14.175 million. The closing of the Brokered Placement is expected on or about December 22, 2010 (the “Closing”) or such other date the Agents and New Pacific agree to. The securities comprising the Units will be subject to a four month hold period from Closing.

At Closing, New Pacific will pay a cash commission of 6% of the gross proceeds of the Brokered Placement to the Agents and the Agents will receive transferable broker warrants (the “Broker Warrants”) equal in number to 3% of the aggregate number of Units sold pursuant to the Brokered Placement (including Units sold pursuant to the exercise of the Oversubscription option, if any). The Broker Warrants will be exercisable to purchase Shares at the Unit price for a period of 18 months from Closing.

Concurrent with the Brokered Placement, New Pacific intends to complete a non-brokered offering of up to 6.5 million Units (the “Non-brokered Placement”) at the same price and terms as the Brokered Placement. The Non-brokered Placement shall close concurrently with the Closing.

The net proceeds of both placements will be utilized to finance continuing exploration and development activities of New Pacific’s exploration projects and for its general working capital. The placements are subject to regulatory approval, including TSX Venture Exchange approval.

About New Pacific Metals

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 3, 2010) – New Pacific Metals Corp. (TSXV: “NUX”) (“New Pacific”) is pleased to announce it has entered into an agreement with Salman Partners Inc. and Raymond James Ltd. (the “Agents”) to complete a best efforts brokered private placement (the “Brokered Placement”) of 10 million units at $1.35 per unit (each a “Unit”). Each Unit is comprised of one common share and one-half (1/2) of one share purchase warrant. Each whole warrant shall entitle the holder to purchase, at any time within 18 months from the Closing, one common share of New Pacific (the “Share”) at a price of $2.00. The Brokered Placement may be increased by an additional one million Units at the Agents’ discretion (the “Oversubscription”) in the event that subscriptions for Units are received for greater than $13.5 million. The closing of the Brokered Placement is expected on or about December 22, 2010 (the “Closing”) or such other date the Agents and New Pacific agree to. The securities comprising the Units will be subject to a four month hold period from Closing.

At Closing, New Pacific will pay a cash commission of 6% of the gross proceeds of the Brokered Placement in cash to the Agents and the Agents will receive transferable broker warrants (the “Broker Warrants”) equal in number to 3% of the aggregate number of Units sold pursuant to the Brokered Placement (including Units sold pursuant to the exercise of the Oversubscription option, if any). The Broker Warrants will be exercisable to purchase Shares at the Unit price for a period of 18 months from Closing.

Concurrent with the Brokered Placement, New Pacific intends to complete a non-brokered offering of 6 million Units (the “Non-brokered Placement”) at the same price and terms as the Brokered Placement. The Non-brokered Placement shall close concurrently with the Closing.

The net proceeds of both placements will be utilized to finance continuing exploration and development activities of New Pacific’s exploration projects and for its general working capital. The placements are subject to regulatory approval, including TSX Venture Exchange approval.

About New Pacific Metals

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 3, 2010) – New Pacific Metals Corp. (TSXV: “NUX”) (“New Pacific”) is pleased to announce it has entered into an agreement with Salman Partners Inc. and Raymond James Ltd. (the “Agents”) to complete a best efforts brokered private placement (the “Brokered Placement”) of 10 million units at $1.35 per unit (each a “Unit”). Each Unit is comprised of one common share and one-half (1/2) of one share purchase warrant. Each whole warrant shall entitle the holder to purchase, at any time within 18 months from the Closing, one common share of New Pacific (the “Share”) at a price of $2.00. The Brokered Placement may be increased by an additional one million Units at the Agents’ discretion (the “Oversubscription”) in the event that subscriptions for Units are received for greater than $13.5 million. The closing of the Brokered Placement is expected on or about December 22, 2010 (the “Closing”) or such other date the Agents and New Pacific agree to. The securities comprising the Units will be subject to a four month hold period from Closing.

At Closing, New Pacific will pay a cash commission of 6% of the gross proceeds of the Brokered Placement in cash to the Agents and the Agents will receive transferable broker warrants (the “Broker Warrants”) equal in number to 3% of the aggregate number of Units sold pursuant to the Brokered Placement (including Units sold pursuant to the exercise of the Oversubscription option, if any). The Broker Warrants will be exercisable to purchase Shares at the Unit price for a period of 18 months from Closing.

Concurrent with the Brokered Placement, New Pacific intends to complete a non-brokered offering of 6 million Units (the “Non-brokered Placement”) at the same price and terms as the Brokered Placement. The Non-brokered Placement shall close concurrently with the Closing.

The net proceeds of both placements will be utilized to finance continuing exploration and development activities of New Pacific’s exploration projects and for its general working capital. The placements are subject to regulatory approval, including TSX Venture Exchange approval.

About New Pacific Metals

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 – NOVEMBER 29, 2010) – New Pacific Metals Corp. (TSX-V: NUX) (the “Company”) announces its unaudited consolidated financial results for the first quarter ended September 30, 2010. All references to dollars or monies are expressed in Canadian Dollars.

FIRST QUARTER HIGHLIGHTS

The Company:

> successfully acquired 79.2% 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

> entered into a share transfer agreement with a Chinese third party to sell Yunnan Jin Chang Jiang Mining Co. Ltd. (“JCJM”), which holds Huaiji Project, for a total of $30.5 million (CNYÂ�200 million). The first deposit of $3.08 million (CNYÂ�20 million) has been received by the Company as of September 30, 2010.

Due to increased administration activities to support the acquisition and disposition transactions, loss from continuing operations increased by $97,091 to $470,433, compared to the three months ended September 30, 2009 (“Q1 2010”) of $373,342.

Operation results of JCJM was recorded as loss from discontinued operations, which increased by $75,291 to $133,535 (Q1 2010 – $58,244), mainly due to loss on disposal of equipment.

Total loss for the period was $603,968 or $0.018 per shares, an increase of 172,382 compared to $431,586 or $0.014 per shares in Q1 2010.

Gain on disposal of mineral property interest was $14,443 (Q1 2010 -$nil), resulted from disposal of two exploration permits respectively of the Kang Dian Project and the Sichuan Project.

During the quarter, the Company entered into a $15 million credit facility to fund the acquisition of TLG. As of September 30, 2010, the Company had a working capital deficit of $250,985 (June 30, 2010 — positive $8,964,681). Cash and cash equivalents plus short term investments amounted to $11,124,753 (June 30, 2010 – $9,334,948) and are unencumbered.

OUTLOOK

The Company is planning to increase its interest in TLG to 100% by acquiring remaining shares currently not held by the Company, and to develop the Tagish Lake Gold Project to production while exploring the resource potential in this area.

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

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 a project into production, well before the full resource potential of the property is defined, so that further exploration expenses to grow in resources and capital costs to increase production 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

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

Vancouver, British Columbia (November 4, 2010) — New Pacific Metals Corp. (TSXV: “NUX.V”) (“New Pacific”), announces that the Supreme Court of British Columbia (the “Court”), on November 3, 2010, issued an interim order authorizing Tagish Lake Gold Corp., (“Tagish Lake”) to, among other things, call a meeting of its shareholders (the “Meeting”) to consider and, if deemed advisable, pass a special resolution approving the proposed arrangement (the “Arrangement”) involving New Pacific.

Pursuant to the proposed Arrangement, New Pacific would acquire all of the issued and outstanding common shares of Tagish Lake (“Shares”) which it does not currently hold. New Pacific currently holds approximately 79.2% of the outstanding Shares. The Arrangement is being proposed in order to allow New Pacific to acquire the Shares that were not deposited under the recently expired take-over bid by New Pacific for the Shares. If the Arrangement is completed, Tagish Lake will become a wholly-owned subsidiary of New Pacific.

New Pacific also announces that subject to regulatory approval, it has granted an aggregate of 300,000 incentive stock options to consultants and an employee of the Company. The stock options are exercisable at $1.44 for a period of five years; 50,000 of these options will vest immediately, while the remainder are subject to a vesting period of 48 months.

About New Pacific Metals

New Pacific is engaged in the exploration and development of mineral resources and gold-poly-metallic projects in China and other jurisdictions. New Pacific has extensive experience in implementing high grade resource development projects. For more information about New Pacific, visit the company’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.

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

Vancouver, British Columbia (October 7, 2010) — New Pacific Metals Corp. (TSXV: “NUX.V”) (“New Pacific”), announces that, pursuant to its recently expired take-over bid (the “Share Offer”) for all of the outstanding common shares (“Tagish Shares”) and the offer to purchase all of the secured debt and the unsecured debt of Tagish Lake Gold Corp. (“Tagish Lake”), New Pacific, in total, took up (or already owned) 114,101,236 Tagish Shares, representing approximately 79.8% of the issued and outstanding Tagish Shares. The final take up figures have varied slightly from New Pacific’s news release of September 30, 2010 as there were irregularities to a few deposited Notices of Guaranteed Delivery.

New Pacific has issued an aggregate of 15,252,657 New Pacific shares to the former Tagish Lake shareholders who tendered to the Share Offer and elected to receive all or part of the consideration in common shares of New Pacific. New Pacific now has a total of 45,282,488 outstanding common shares, of which approximately 29.4% are held by former Tagish Lake shareholders.

About New Pacific Metals

New Pacific is engaged in the exploration and development of mineral resources and gold-poly-metallic projects in China and other jurisdictions. New Pacific has extensive experience in implementing high grade resource development projects. For more information about New Pacific, visit the company’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.

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

Vancouver, British Columbia (September 30, 2010) — New Pacific Metals Corp. (TSXV: “NUX.V”) (“New Pacific”), announces that, pursuant to its recently expired take-over bid (the “Share Offer”) for all of the outstanding common shares (“Tagish Shares”) and the offer to purchase all of the secured debt (the “Secured Debt Offer”) and the unsecured debt (the “Unsecured Debt Offer”) of Tagish Lake Gold Corp. (“Tagish Lake”), New Pacific, in total, took up (or already owned) 114,544,229 Tagish Shares, representing approximately 80.1% of the issued and outstanding Tagish Shares (on a non-diluted basis).

New Pacific has issued an aggregate of approximately 15,328,600 New Pacific shares to the former holders of Tagish Shares who tendered to the Share Offer and elected to receive all or part of the consideration in common shares of New Pacific (“New Pacific Shares”). Today, New Pacific effected the cancellation of 1,959,100 New Pacific Shares which were acquired by it when its wholly-owned subsidiary tendered its Tagish Shares for New Pacific Shares resulting in New Pacific’s total shares outstanding being 45,327,288 shares, of which approximately 29.5% are held by former Tagish Lake shareholders.

On September 28, 2010, New Pacific paid an aggregate of $330,768.88 in secured debt of Tagish Lake that was tendered pursuant to the Secured Debt Offer. New Pacific did not pay for any unsecured debt of Tagish Lake pursuant to the Unsecured Debt Offer as the minimum tender condition of the Unsecured Debt Offer (at least 50% of the unsecured creditors of Tagish Lake holding unsecured debt representing in aggregate not less than 66⅔% of the unsecured debt then outstanding) was not met.

New Pacific has requested that the current Tagish Lake board of directors resign, with the exception of John Resing, and that New Pacific nominees be appointed. Once New Pacific nominees are appointed, the board will proceed to set dates for a Tagish Lake shareholders’ meeting and make plans that would seek to remove Tagish Lake from CCAA protection.

About New Pacific Metals

New Pacific is engaged in the exploration and development of mineral resources and gold-poly-metallic projects in China and other jurisdictions. New Pacific has extensive experience in implementing high grade resource development projects. For more information about New Pacific, visit the company’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. The following factors, among others, could cause actual results or developments to differ materially from the results or developments expressed or implied by forward looking statements; New Pacific may not succeed in acquiring additional Tagish Shares; New Pacific may not be successful in assisting Tagish Lake to obtain, and Tagish Lake may not obtain, the regulatory and other approvals and financing required to develop the Skukum mineral district; Tagish Lake may not be successful in developing the Skukum mineral district.

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