New Pacific Announces First Assay Results From the 2013 Diamond Drilling Program at the RZY Silver-Lead-Zinc Exploration Project in Qinghai Province, China

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 18, 2013) - New Pacific Metals Corp. (TSX:NUX) ("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

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.

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Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks relating to: fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; permits and licenses; title to properties; First Nations title claims and rights; property interests; joint venture partners; acquisition of commercially mineable mineral rights; financing; recent market events and conditions; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into the Company's existing operations; competition; operations and political conditions; regulatory environment in Canada and or China; environmental risks; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; dependence on management.

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