Mr. Peter Lekich reports

NEW PACIFIC METALS ANNOUNCES FILING OF PRELIMINARY ECONOMIC ASSESSMENT FOR THE CARANGAS PROJECT

New Pacific Metals Corp., further to its news release of July 17, 2026, has filed an independent preliminary economic assessment technical report, titled "Carangas Project: NI 43-101 Technical Report and Preliminary Economic Assessment, Oruro, Bolivia," for the Carangas project in Oruro department, Bolivia.

The report was prepared in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects, by Ausenco Engineering Canada ULC, dated effective July 16, 2026. The report can be found on the company's website and under the company's profile on SEDAR+.

There are no material differences in the information in the report and the information contained in the news release.

About New Pacific Metals Corp.

New Pacific is a Canadian exploration and development company advancing two permitting-stage precious metals projects in Bolivia. Its Silver Sand project in Potosi has the potential to become one of the world's largest silver mines. The Carangas silver-gold project in Oruro strengthens the company's portfolio through scale, robust economics and regional exploration potential. With near a decade of operating experience in Bolivia, New Pacific has earned the confidence of its stakeholders and shareholders.