28 Sep, 10

New Pacific Metals Announces Expiry of Bid and Take up of Additional Shares of Tagish Lake Gold

Vancouver, British Columbia (September 28, 2010) — New Pacific Metals Corp. (TSXV: “NUX.V”) (“New Pacific”), announces that the take-over bid for all of the outstanding common shares (“Tagish Shares”) and the offer to purchase all of the secured and unsecured debt (together, the “Offer”) of Tagish Lake Gold Corp. (“Tagish Lake”) expired on September 27, 2010. Prior to the expiry, New Pacific took up (or already owned) 114,504,229 Tagish Shares, representing approximately 80.1% of the issued and outstanding Tagish Shares (on a non-diluted basis). Prior to the expiry New Pacific did not take up any of the secured or unsecured debt of Tagish Lake.

On September 23, 2010, the board of directors of Tagish Lake (the “Tagish Board”) issued its directors’ circular and notice of change recommending that Tagish Lake shareholders accept the Offer and reject the take-over bid dated September 8, 2010 made by YS Mining Company Inc. (“YS Mining”) to acquire all of the Tagish Shares and debt of Tagish Lake. YS Mining subsequently announced the withdrawal of its offer on September 24, 2010.

New Pacific’s offer per Tagish Share was:

(a) $0.10 in cash; or
(b) 0.1370 of a common share of New Pacific (a “New Pacific Share”); or
(c) a combination of 50% in cash and 50% in New Pacific Shares.

New Pacific will issue an aggregate of approximately 15,323,531 New Pacific Shares to the former holders of Tagish Shares who tendered to the Offer and elected to receive all or part of the consideration in New Pacific Shares. Upon issue thereof, there will be a total of approximately 47,231,519 New Pacific Shares outstanding of which approximately 32% of the outstanding New Pacific Shares will be held by former holders of Tagish Shares.

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.

27 Sep, 10

New Pacific Metals Reminds Tagish Lake Gold Securityholders of Deadline to Accept the Take-over Bid before Expiry

Vancouver, British Columbia (September 27, 2010) — New Pacific Metals Corp. (TSXV: “NUX.V”) (“New Pacific”), wishes to remind the shareholders and debtholders of Tagish Lake Gold Corp. (“Tagish Lake”) that the take-over bid by New Pacific for all of the outstanding common shares (“Tagish Shares”) and the offer to purchase all the debt of Tagish Lake (together, the “Offer”) will expire at 11:59 p.m. (EST) today, September 27, 2010. New Pacific has taken up (or already owned) 76,106,723 Tagish Shares, representing approximately 53.2% of the issued and outstanding Tagish Shares.

New Pacific notes that on September 23, 2010, the board of directors of Tagish Lake (the “Tagish Board”) issued a directors’ circular and notice of change recommending that Tagish Lake shareholders accept the Offer and reject the take-over bid made by YS Mining Company Inc. (“YS Mining”) to acquire all of the Tagish Shares and debt of Tagish Lake dated September 8, 2010. YS Mining subsequently announced the withdrawal of its offer on September 24, 2010.

The Tagish Board’s stated reasons for recommending acceptance of the Offer include:

� New Pacific has taken up (or already owned) approximately 53.2% of the issued and outstanding Tagish Shares.

� The fairness opinion prepared by Evans & Evans, Inc. in connection with the Offer concludes that, subject to the matters stated therein, as at July 27, 2010 the consideration to be paid for the Tagish Shares under the initial terms of the Offer is fair from a financial point of view to Tagish shareholders. The consideration to be paid for the Tagish Shares under the current Offer is greater than the consideration to be paid for the Tagish Shares under the initial Offer.

â€� Tagish Lake has commenced proceedings under the Companies’ Creditors Arrangement Act (“CCAA”) and needs funds to pay its creditors. Tagish Lake’s cash on hand is only sufficient to enable Tagish Lake to continue operations until late September, 2010. If Tagish Lake does not emerge from CCAA protection, it will likely face receivership or bankruptcy proceedings, either of which will lead to the liquidation of Tagish Lake’s assets.

� At present, the Offer is the only offer for the Tagish Shares and debt that will be successful if accepted by securityholders of Tagish Lake.

� There can be no assurance as to the availability of any acceptable liquidity opportunity for the securityholders of Tagish Lake if the Offer is not successful.

New Pacific’s offer per Tagish Share is:

(a) $0.10 in cash (the “Cash Election”); or
(b) 0.1370 of a common share of New Pacific (a “New Pacific Share”) (the “Share Election”); or
(c) a combination of 50% in cash and 50% in New Pacific Shares (the “Combined Election”).

For Tagish Lake shareholders who tender all their Tagish Shares under the Cash Election the enhanced $0.10 Cash Offer represents:

(a) a premium of approximately 150% over the $0.04 closing price of the Tagish Lake Shares on the TSXV on July 2, 2010, the last trading day prior to the July 5, 2010 announcement of New Pacific’s intention to make the Offer; and
(b) a premium of approximately 89% over the $0.053 volume weighted average price of the Tagish Lake Shares on the TSXV for the year to date ended September 15, 2010, the last trading to prior to this Notice.

For Tagish Lake shareholder who tender all their Tagish Shares under the Combined Election, based on the $1.10 closing price of the New Pacific Shares on September 15, 2010, the implied offer for each Tagish Lake share is approximately $0.125 which represents:

(a) a premium of approximately 213% over the $0.04 closing price of the Tagish Lake Shares on the TSXV on July 2, 2010; and
(b) a premium of approximately 136% over the $0.053 volume weighted average price of the Tagish Lake Shares on the TSXV for the year to date ended September 15, 2010.

For Tagish Lake shareholders who tender all their Tagish Shares under the Share Election, based on the $1.10 closing price of the New Pacific Shares on September 15, 2010, the implied offer for each Tagish Lake share is approximately $0.15 which represents:

(a) a premium of approximately 275% over the $0.04 closing price of the Tagish Lake Shares on the TSXV on July 2, 2010; and
(b) a premium of approximately 183% over the $0.053 volume weighted average price of the Tagish Lake Shares on the TSXV for the year to date ended September 15, 2010.

Investors may obtain a free copy of the Circular and other documents filed by New Pacific with the Canadian securities regulators at www.sedar.com. The Circular and other documents may also be obtained for free from New Pacific’s website or by directing a request to New Pacific’s investor relations department by telephone at 1-888-224-1881, fax to 604-669-9387 or e-mail to info@newpacificmetals.com or by contacting the Information Agent, Kingsdale Shareholder Services Inc., toll free at 1-888-518-6812.

Secured and Unsecured Creditors of Tagish Lake may obtain more information by contacting New Pacific at the above phone numbers, or by email to: debtinfo@newpacificmetals.com

About New Pacific Metals Corp.

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, statements regarding the proposed acquisition of Tagish Lake common shares by New Pacific, the offer to pay out the secured and unsecured creditors, and 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 cannot determine the number of Tagish Lake shareholders who may accept New Pacific’s Offer; New Pacific may not succeed in acquiring additional Tagish Shares; If the Offer is successful, 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.

17 Sep, 10

New Pacific Metals Corp. Announces Results for the Fourth Quarter and Year Ended June 30, 2010

VANCOUVER, BRITISH COLUMBIA — SEPTEMBER 17, 2010) – New Pacific Metals Corp. (TSX-V: NUX) (the “Company”) announces its audited consolidated financial results for the fourth quarter and year ended June 30, 2010. All figures are expressed in Canadian Dollars, other than share data.

2010 FINANCIAL HIGHLIGHTS

For the year ended June 30, 2010, the Company incurred a loss of $1,751,435, or $0.05 per share (year ended June 30, 2009 – $925,846 or $0.03 per share). Compared to last year, the loss increased by $825,589 mainly due to:

– Foreign exchange loss of $16,752 was recorded during the current year, while a foreign exchange gain of $438,961 was recorded in last year.

– Interest income decreased by $244,988 to $66,476 (2009 – $311,464) due to lower interest rate and less daily average cash balances.

– Gain on disposal of mineral property interest decreased by $390,472 to $15,330 (2009 – $405,802)

– Loss increase caused by above factors were offset by the decrease of overall expenses. Not including foreign exchange loss (gain), the overall expenses decreased by $330,142 to $1,810,838 (2009 – $2,140,980) mainly due to decreased stock-based compensation expenses recorded during the year.

During the year, the Company incurred total exploration expenditures of $1,218,927 (2009 – $ 2,536,777) mainly for the Huaiji Project located in Guangdong, China. A total of $1,106,751 was recovered from sales of tunneling by-product ore to a third party smelter on the Huaiji Project.

As at June 30, 2010, the Company had a working capital position of $8,964,681 (June 30, 2009 – $11,003,475). Cash and cash equivalents plus short term investments, as at June 30, 2010, amounted to $9,650,273 (June 30, 2009 – $11,357,917) and are unencumbered.

FOURTH QUARTER FINANCIAL HIGHLIGHTS

For the quarter ended June 30, 2010, the Company incurred a loss of $462,731 or $0.01 per share (three months ended June 30, 2009 – $409,398 or $0.01 per share). During the quarter, the Company recorded total expenses of $460,374, a decrease of $183,582 compared to $643,956 in the same period last year. The decrease in expenses was mainly attributable to less stock-based compensation recorded during the quarter. During the quarter, no gain was recorded on disposal of mineral property interests, while a total of $188,242 gain on disposal of mineral property interest was recorded in the same period last year.

The Company’s audited 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 Corp.

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

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.

15 Sep, 10

New Pacific Metals Takes up Tagish Lake Shares Increasing Its Ownership to 53.2% and Increases Offer

Vancouver, British Columbia (September 15, 2010) – New Pacific Metals Corp. (TSXV: “NUX.V”) (“New Pacific”), announces today that it has taken up (or already owned) 76,106,723 common shares of Tagish Lake Gold Corp. (“Tagish Lake”) that have been tendered to the take-over bid by New Pacific for all of the outstanding common shares (“Tagish Shares”) and the offer to purchase all the debt of Tagish Lake (the “Offer”). The Tagish Shares taken up, and the Tagish Shares that were already owned by Offeror, represent approximately 53.2% of the Tagish Shares issued and outstanding. Tagish Lake shareholders holding 73,468,550 Tagish Shares (including the 14.3 million Tagish Shares owned by New Pacific) chose to receive consideration consisting solely of common shares of New Pacific for tendering their Tagish Shares to the Offer.

New Pacific also announces that tomorrow it will file an additional Notice of Change (the “Notice of Change”) with applicable securities regulators and will commence mailing to holders of outstanding Tagish Shares and debt of Tagish Lake. The Notice of Change modifies the Offer as set out in the take-over bid circular dated July 21, 2010 (the “Circular”), the Notice of Change dated July 27, 2010, the Notice of Change dated August 20, 2010 and the Notice of Change dated August 26, 2010 by increasing New Pacific’s offer for each Tagish Share and extending the expiry time of the Offer from 5:00 p.m. (EST) on September 15, 2010 to 11:59 p.m. (EST) on September 27, 2010.

The increased offer per Tagish Share is:

(a) $0.10 in cash (the “Cash Election”); or
(b) 0.1370 of a common share of New Pacific (a “New Pacific Share”) (the “Share Election”); or
(c) a combination of 50% in cash and 50% in New Pacific Shares (the “Combined Election”).

The increased consideration per Tagish Share will be payable to Tagish Lake shareholders who have already validly tendered their Tagish Shares, which have been taken up by New Pacific, and who validly tender their Tagish Shares prior to the new expiry time of the Offer of 11:59 p.m. (EST) on September 27, 2010.

For Tagish Lake shareholders who tender all their Tagish Shares under the Cash Election the enhanced $0.10 Cash Offer represents:

(a) a premium of approximately 150% over the $0.04 closing price of the Tagish Lake Shares on the TSXV on July 2, 2010, the last trading day prior to the July 5, 2010 announcement of New Pacific’s intention to make the Offer; and
(b) a premium of approximately 89% over the $0.053 volume weighted average price of the Tagish Lake Shares on the TSXV for the year to date ended September 15, 2010, the last trading to prior to this Notice.

For Tagish Lake shareholder who tender all their Tagish Shares under the Combined Election, based on the $1.10 closing price of the New Pacific Shares on September 15, 2010, the implied offer for each Tagish Lake share is approximately $0.125 which represents:

(a) a premium of approximately 213% over the $0.04 closing price of the Tagish Lake Shares on the TSXV on July 2, 2010; and
(b) a premium of approximately 136% over the $0.053 volume weighted average price of the Tagish Lake Shares on the TSXV for the year to date ended September 15, 2010.

For Tagish Lake shareholders who tender all their Tagish Shares under the Share Election, based on the $1.10 closing price of the New Pacific Shares on September 15, 2010, the implied offer for each Tagish Lake share is approximately $0.15 which represents:

(a) a premium of approximately 275% over the $0.04 closing price of the Tagish Lake Shares on the TSXV on July 2, 2010; and
(b) a premium of approximately 183% over the $0.053 volume weighted average price of the Tagish Lake Shares on the TSXV for the year to date ended September 15, 2010.

Investors may obtain a free copy of the Circular and other documents filed by New Pacific with the Canadian securities regulators at www.sedar.com. The Circular and other documents may also be obtained for free from New Pacific’s website or by directing a request to New Pacific’s investor relations department by telephone at 1-888-224-1881, fax to 604-669-9387 or e-mail to info@newpacificmetals.com or by contacting the Information Agent, Kingsdale Shareholder Services Inc., toll free at 1-888-518-6812.

Secured and Unsecured Creditors of Tagish Lake may obtain more information by contacting New Pacific at the above phone numbers, or by email to: debtinfo@newpacificmetals.com

About New Pacific Metals Corp.

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, statements regarding the proposed acquisition of Tagish Lake common shares by New Pacific, the offer to pay out the secured and unsecured creditors, and 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 cannot determine the number of Tagish Lake shareholders who may accept New Pacific’s Offer; New Pacific may not succeed in acquiring additional Tagish Lake shares; If the Offer is successful, 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.

13 Sep, 10

New Pacific Provides Background to Tagish Lake’s Recent Disclosure of 2009 Exploration Results at Skukum Property

Vancouver, British Columbia (September 13, 2010) – On September 8, 2010 Tagish Lake Gold Corp. (“Tagish Lake”) announced the results of the 2009 geophysical survey conducted on Tagish Lake’s Skukum Mineral District property. Tagish Lake stated that the results had only recently been made available to it. New Pacific wishes to provide some background to the release of this information.

From mid-2009, a team of geologists conducted geological exploration work on the Skukum property under the apparent auspices of YS Mining Company Inc. (“YS Mining”), its parent company, Yukon-Shaanxi Mining Company Inc. (“Yukon-Shaanxi”), or Yukon Shaanxi’s joint venture partners, Yukon-Nevada Gold Corp. (“Yukon-Nevada”) as to 41%, and Northwest Mining and Geology Group Co., Ltd. for Nonferrous Minerals (“NWME”) as to 59%. This exploration work was partially described in press releases issued by Tagish Lake dated May 19, 2009 and August 11, 2009. In the May 19, 2009 press release Tagish Lake stated:

“Yukon Shaanxi reports that they expect to have a team of 15 Chinese geologists in the Yukon in June 2009, eager to be immersed in the geology and exploration of the Skukum property.”

In its August 11, 2009 press release Tagish Lake stated:

“When the results are made available to the Company, the results will be disseminated in a news release.”

In its management’s discussion and analysis for each quarter since June 2009 Yukon-Nevada has consistently discussed the ongoing exploration work at the Skukum property by its Yukon-Shaanxi joint venture. Most recently, in its MD&A for the second quarter ended June 30, 2010 (filed August 16, 2010), Yukon-Nevada reported:

“During 2009, the Company, in conjunction with the joint venture partner, Northwest Mining and Geology Group Co., Ltd. for Nonferrous Minerals (“NWME”) performed geological and geophysical work at the Skukum property owned by Tagish Lake Gold.”

As the exploration work results appear never to have been disclosed to the public, New Pacific wrote a letter to Tagish Lake (copied to YS Mining) on September 2, 2010 requesting that the results of the exploration activities, if they were in Tagish Lake’s possession, be released to the public, and if the results of the 2009 exploration activities were not in Tagish Lake’s possession, Tagish Lake should take immediate steps to obtain such information. Receiving no response to its letter from Tagish Lake or YS Mining, New Pacific sent a letter to the staff of the British Columbia Securities Commission (“BCSC”) on September 3, 2010 requesting that the BCSC staff conduct an investigation and compel disclosure of the information (the “Investigation Request Letter”).

On September 8, 2010 Tagish Lake announced the results of the work conducted on the property as follows:

“A total of five, low contrast, combination chargeability and resistivity anomalies, were identified and interpreted as potential silicified or mineralized zones for exploration follow-up” (the “September 8 Press Release”).

That disclosure apparently represents the work of an exploration team, including 15 geologists, over an extensive period of review of the Skukum property.

The September 8 Press Release refers to an explanatory map on the Tagish Lake website. The map, (dated March, 2010), states that it is based on data collected by the Northwest Geological Exploration and Mining Bureau for Non-Ferrous Metals (the parent entity of NWME) and is marked with the logo of Yukon-Shaanxi.

Prior to the dissemination of the 2009 exploration results in the September 8 Press Release, the following events occurred:

� In 2009 Yukon-Shaanxi attempted to acquire Tagish Lake through an amalgamation on a 40 for 1 basis, using its subsidiary YS Mining. That proposed amalgamation did not receive approval from the TSX-V and was subsequently terminated by YS Mining in September 2009.

� On November 19, 2009 Tagish Lake announced that YS Mining had acquired all of the interests of Macquarie Bank Limited in the CAD$1,500,000 secured feasibility finance facility provided by Macquarie to Tagish Lake.

� On November 26, 2009, Tagish Lake announced the resignations of directors Robert Rodger, Charles de Chezelles and Robert Bryce and the appointments of Graham Dickson, Neil Steenberg, Peter Holbek, and Sun Feng, (Robert Chafee remained as a director of Tagish Lake). The reconstituted board of directors then appointed Ren Xiaohua as a sixth director. The press release also noted that Messrs. Dickson, Sun, and Ren were representatives of YS Mining. As a result of these new appointments, the majority of the directors of Tagish Lake were connected in some respect to either YS Mining, Yukon-Shaanxi, or Yukon-Nevada; for example, Graham Dickson is the CEO of Tagish Lake and YS Mining and the COO of Yukon-Nevada.

� On April 1, 2010 Tagish Lake announced that it had granted a total of 11,981,720 incentive stock options to the Tagish Lake directors and officers. On July 15, 2010, Tagish Lake announced an additional grant of 2,000,000 incentive stock options to a new director.

â€� On April 12, 2010, Tagish Lake announced that it had obtained creditor protection under the Companies’ Creditors Arrangement Act. Tagish Lake made this decision with the unanimous authorization of its board of directors.

� On May 6, 2010, Tagish Lake announced the closing of a private placement to YS Mining of 14,274,000 shares at $0.05 per share, effective April 6, 2010.

� Between April 30, 2010 and May 17, 2010 YS Mining acquired, through open market purchases, a further 1,185,000 shares of Tagish Lake at prices between $0.044 and $0.45 per share.

â€� On August 23, 2010 Tagish Lake announced that on August 20, 2010 it had received a proposal from YS Mining, Yukon-Nevada, and Northwest Nonferrous International Investment Company Limited to enter into a memorandum of understanding to form a new company that would own the Skukum property and Yukon-Nevada’s Ketza river gold property.

� On August 31, 2010 YS Mining announced by press release its intention to make a cash offer of $0.12 per share for all of the issued and outstanding shares of Tagish Lake.

� On September 10, 2010 YS Mining mailed its take-over bid circular to Tagish Lake shareholders.

New Pacific understands that the BCSC is currently reviewing the issues raised in the Investigation Request Letter.

About New Pacific Metals Corp.

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

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

31 Aug, 10

YS Mining Application Dismissed by B.C. Securities Commission

Vancouver, British Columbia (August 31, 2010) – New Pacific Metals Corp. (TSXV: “NUX.V”) (“New Pacific”), announces that at the August 30, 2010 hearing of the B.C. Securities Commission (“BCSC”) the BCSC has dismissed YS Mining Company Inc.’s application for a cease trade order in connection with the take-over bid by New Pacific for all of the outstanding common shares and the offer to purchase all the debt of Tagish Lake Gold Corp. (“Tagish Lake”) (the “Offer”).

Investors may obtain a free copy of the Circular and other documents filed by New Pacific with the Canadian securities regulators at www.sedar.com. The Circular and other documents may also be obtained for free from New Pacific’s website or by directing a request to New Pacific’s investor relations department by telephone at 1-888-224-1881, fax 604-669-9387 or e-mail info@newpacificmetals.com or by contacting the Information Agent, Kingsdale Shareholder Services Inc., toll free at 1-888-518-6812.

Secured and Unsecured Creditors of Tagish Lake may obtain more information by contacting New Pacific at the above phone numbers, or by email to: debtinfo@newpacificmetals.com

About New Pacific Metals Corp.

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, statements regarding the proposed acquisition of Tagish Lake common shares by New Pacific, the offer to pay out the secured and unsecured creditors ,and 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 cannot determine the number of Tagish Lake shareholders who may accept New Pacific’s Offer; New Pacific may not succeed in acquiring 50.1% of the outstanding Tagish Lake shares (on a fully-diluted basis); If the Offer is successful, 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.

26 Aug, 10

New Pacific Metals Increases Offer to Acquire Tagish Lake Shares

Vancouver, British Columbia (August 26, 2010) – New Pacific Metals Corp. (TSXV: “NUX.V”) (“New Pacific”), announces that it will file with the applicable securities regulators and will commence mailing an additional Notice of Change (the “Notice of Change”) to the holders of outstanding common shares and debt of Tagish Lake Gold Corp. (“Tagish Lake”) in connection with the take-over bid by New Pacific for all of the outstanding common shares and the offer to purchase all the debt of Tagish Lake (the “Offer”). The Notice of Change modifies the Offer to Purchase and accompanying take-over bid circular dated July 21, 2010 (the “Circular”), the Notice of Change dated July 27, 2010 and the Notice of Change dated August 20, 2010 to:

1) increase New Pacific’s offer for each common share of Tagish Lake (“Tagish Shares”) to:

(a) $0.09 in cash; or

(b) 0.1233 of a common share of New Pacific (a “New Pacific Share”); or

(c) a combination of 50% in cash and 50% in New Pacific Shares.

2) extend the expiry time of the Offer from 5:00 p.m. (EST) on September 2, 2010 to 5:00 p.m. (EST) on September 15, 2010;

3) reduce the minimum tender condition under the offer for the Tagish Shares from 66⅔% to 50.1% of the total outstanding Tagish Shares; and

4) provide certain additional information about New Pacific and the Offer.

If Tagish Lake shareholders elect to take 100% in cash, the enhanced $0.09 cash offer represents:

(a) a premium of approximately 125% over the $0.04 closing price of the Tagish Shares on the TSXV on July 2, 2010, the last trading day prior to the July 5, 2010 announcement of New Pacific’s intention to make the Offer; and

(b) a premium of approximately 125% over the $0.04 volume weighted average price of the Tagish Lake Shares on the TSXV for the year to date ended August 25, 2010.

If Tagish Lake shareholders elect to take 50% in cash and 50% in New Pacific Shares, based on the $1.08 closing price of the New Pacific Shares on August 25, 2010, the implied offer for Tagish Lake share is approximately $0.11 which represents:

(a) a premium of approximately 175% over the $0.04 closing price of the Tagish Lake Shares on July 2, 2010; and

(b) a premium of approximately 175% over the $0.04 volume weighted average price of the Tagish Lake Shares on the TSXV for the year to date ended August 25, 2010.

If Tagish Lake shareholders elect to take 100% in New Pacific Shares, based on the $1.08 closing price of the New Pacific Shares on August 25, 2010, the implied offer for Tagish Lake share is approximately $0.13 which represents:

(a) a premium of approximately 225% over the $0.04 closing price of the Tagish Lake Shares on July 2, 2010; and

(b) a premium of approximately 225% over the $0.04 volume weighted average price of the Tagish Lake Shares on the TSXV for the year to date ended August 25, 2010.

New Pacific notes that Tagish Lake has also received a proposal for an alternate transaction (the “YSM Proposal”) from its largest shareholder and largest creditor, YS Mining Company Inc. (“YS Mining”) and YS Mining’s two shareholders, Yukon-Nevada Gold Corp. and Northwest Nonferrous International Investment Company Limited. In this proposal there are no monetary terms for Tagish shareholders to consider or evaluate, and as such, this proposal is meaningless.

The New Pacific Offer represents the only current transaction that can be accepted by the holders of the shares and debt of Tagish Lake. There can be no assurance as to the availability of another acceptable liquidity opportunity for securityholders of Tagish Lake if the Offer is not successful.

Investors may obtain a free copy of the Circular and other documents filed by New Pacific with the Canadian securities regulators at www.sedar.com. The Circular and other documents may also be obtained for free from New Pacific’s website or by directing a request to New Pacific’s investor relations department by telephone at 1-888-224-1881, fax 604-669-9387 or e-mail info@newpacificmetals.com or by contacting the Information Agent, Kingsdale Shareholder Services Inc., toll free at 1-888-518-6812.

Secured and Unsecured Creditors of Tagish Lake may obtain more information by contacting New Pacific at the above phone numbers, or by email to: debtinfo@newpacificmetals.com

About New Pacific Metals Corp.

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, statements regarding the proposed acquisition of Tagish Lake common shares by New Pacific, the offer to pay out the secured and unsecured creditors ,and 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 cannot determine the number of Tagish Lake shareholders who may accept New Pacific’s Offer; New Pacific may not succeed in acquiring 50.1% of the outstanding Tagish Lake shares (on a fully-diluted basis); If the Offer is successful, 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.

23 Aug, 10

New Pacific Offer for Tagish Lake Gold Corp. – Update

VANCOUVER, BRITISH COLUMBIA – (August 23, 2010) – New Pacific Metals Corp. (TSX-V: NUX) today provided an update on the take-over bid by New Pacific (the “New Pacific Offer”) to acquire all of the shares (“Shares”) and the offer to acquire all proven secured and unsecured debt (“Debt”) of Tagish Lake Gold Corp. (TSX-V: TLG) (“Tagish”).

Lock up signed with Founder, Former Chair and CEO of Tagish

New Pacific is pleased to report that it has entered into a lockup agreement with Greg Hawkins, the founder and a former Chairman and Chief Executive Officer of Tagish and one of the largest shareholders of Tagish. The lockup agreement covers approximately five million Tagish common shares representing approximately 3.4% of the outstanding shares of Tagish.

“This lockup agreement supports my long-term commitment to see Tagish realize its potential,” said Greg Hawkins. “I fully support and have confidence in the ability of New Pacific’s management team to succeed in advancing the Skukum property into production. Dr. Feng, New Pacific’s President, has a proven track record for operational success in bringing high grade, narrow vein mines into production effectively and his business plan reflects the principles we originally developed for the Skukum Project. The New Pacific Offer represents the best route to help revitalize the Company and recognize Tagish shareholder value. It provides certainty, and a solution to remove Tagish from Companies Creditors Arrangement Act protection. The New Pacific Offer provides an attractive premium to the recent Tagish share price, with a choice that enables Tagish shareholders the option to cash out or to participate in the development of Tagish’s Skukum Property by becoming New Pacific shareholders.”

Shareholder Rights Plan cannot be approved by Tagish Lake Shareholders

On July 8, 2010 Tagish Lake announced that the TSX Venture Exchange had approved the Shareholder Rights Plan (“SRP”) and that the SRP had been effective since March 15th , but would terminate if it is not approved by the Company’s shareholders on or before September 14, 2010.

Tagish Lake has not held a shareholders meeting since March 2007, and has not as of this date filed a Notice to hold the meeting required to approve the SRP. As a result Tagish Lake is unable to call and hold the shareholders meeting by September 14th in compliance with corporate and securities laws. Assuming there is no extraordinary waiver granted by applicable regulatory bodies, the SRP is no longer capable of being approved by Tagish Lake shareholders.

New Pacific advises Tagish Lake shareholders to act expeditiously in determining whether to tender to the New Pacific Offer, or risk remaining with the unstated plans of current management of Tagish Lake.

The New Pacific Offer permits Tagish shareholders, for each Tagish share tendered to the Offer to choose between:

(a) $0.06 per share in cash (the “Cash Election”);

(b) 0.0822 of a New Pacific share (the “Share Election”); or

(c) a combination of 50% in cash and 50% in New Pacific shares (the “Combined Election”).

The Offer for the Tagish Shares represented under the Share Election represents a premium of 56% over Tagish’s closing share price on July 2, 2010, (the last trading day before the announcement of the intended offer) and a 50% premium to Tagish’s 20-day, and year to date volume-weighted average closing price (“VWAP”) on the TSX Venture Exchange (“TSXV”). Due to the rise in New Pacific’s share price from $0.76 as at July 2, 2010, to its current $1.05 per share, Tagish Lake shareholders who deposit their shares under the Share Election, will receive New Pacific shares with an effective value of $0.0863 per share – a 115.75% premium over the $0.04 per share Tagish Lake shares were trading at immediately prior to the New Pacific Offer.

The New Pacific Offer is open for acceptance until 8:00 pm (Vancouver time) on September 2, 2010 unless it is extended or withdrawn. The New Pacific Offer, and the offer to Unsecured Creditors, is subject to certain customary conditions including: a minimum tender threshold of 66 2/3% of the Tagish shares, receipt of all required regulatory approvals and third-party consents, the absence of any material adverse change in Tagish; the absence of certain prohibited activities on the part of Tagish (including share issuances, material debt issuances, acquisitions and dispositions) between the date hereof and the expiry of the Offer; and no untrue statements or omissions in Tagish’s public disclosure. Tagish shareholders and holders of Tagish Debt are urged to review the New Pacific Offer and offering circular and other documents filed by New Pacific and to tender their Shares and Debt to the New Pacific Offer.

Investors may obtain a free copy of the Circular and other documents filed by New Pacific with the Canadian securities regulators at www.sedar.com. The Circular and other documents may also be obtained for free from New Pacific’s website or by directing a request to New Pacific’s investor relations department by telephone at 1-888-224-1881, fax 604-669-9387 or e-mail info@newpacificmetals.com or by contacting the Information Agent, Kingsdale Shareholder Services Inc., toll free at 1-888-518-6812.

Secured and Unsecured Creditors of Tagish Lake may obtain more information by contacting New Pacific at the above phone numbers, or by email to: debtinfo@newpacificmetals.com

About New Pacific Metals Corp.

New Pacific Metals Corp. is an exploration stage company engaged in the acquisition and exploration of mineral properties. The Company is actively seeking out acquisition projects in China and other jurisdictions, while exploring for gold-poly-metallic projects in China.

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, statements regarding the proposed acquisition of Tagish Lake common shares by New Pacific, the offer to pay out the secured and unsecured creditors ,and 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 cannot determine the number of Tagish Lake shareholders who may accept New Pacific’s Offer; New Pacific may not succeed in acquiring 66 2/3% of the outstanding Tagish Lake shares (on a fully -diluted basis); If the Offer is successful, 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.

20 Aug, 10

New Pacific Metals Issues Notice of Change to Holders of Tagish Lake Common Shares and Debt in Connection With Take-over Bid

Vancouver, British Columbia (August 20, 2010) – New Pacific Metals Corp. (TSXV: “NUX.V”) (“New Pacific”), announces that today it filed with the applicable securities regulators and mailed an additional Notice of Change (the “Notice of Change”) to the holders of outstanding common shares and debt of Tagish Lake Gold Corp. (“Tagish Lake”) in connection with the take-over bid by New Pacific for all of the outstanding common shares and debt of Tagish Lake (the “Offer”). The Notice of Change provides additional information on New Pacific and the Offer and modifies the Offer to Purchase and accompanying take-over bid circular dated July 21, 2010 (the “Circular”) and the Notice of Change dated July 27, 2010.

Investors may obtain a free copy of the Circular and other documents filed by New Pacific with the Canadian securities regulators at www.sedar.com. The Circular and other documents may also be obtained for free from New Pacific’s website or by directing a request to New Pacific’s investor relations department by telephone at 1-888-224-1881, fax 604-669-9387 or e-mail info@newpacificmetals.com or by contacting the Information Agent, Kingsdale Shareholder Services Inc., toll free at 1-888-518-6812.

Secured and Unsecured Creditors of Tagish Lake may obtain more information by contacting New Pacific at the above phone numbers, or by email to: debtinfo@newpacificmetals.com

About New Pacific Metals Corp.

New Pacific is engaged in the exploration and development of mineral resources, 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, statements regarding the proposed acquisition of Tagish Lake common shares by New Pacific, the offer to pay out the secured and unsecured creditors ,and 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 cannot determine the number of Tagish Lake shareholders who may accept New Pacific’s Offer; New Pacific may not succeed in acquiring 66 2/3% of the outstanding Tagish Lake shares (on a fully -diluted basis); If the Offer is successful, 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.

09 Aug, 10

New Pacific Metals Offer Deemed Fair Value by Tagish Lake Independent Valuator

INCREASE IN NEW PACIFIC SHARE PRICE NOW EQUATES TO HIGHER VALUE FOR TAGISH LAKE SHAREHOLDERS WHO ELECT TO TAKE NEW PACIFIC SHARES.
Vancouver, British Columbia (August 9, 2010) – New Pacific Metals Corp. (TSXV: “NUX.V”) (“New Pacific”), today responded to the Tagish Lake Gold Corp. Directors’ Circular dated August 3, 2010 (the “Tagish Circular”) in connection with the take-over bid by New Pacific (the “New Pacific Offer”) to acquire all of the shares (“Shares”) and all proven secured and unsecured debt (“Debt”) of the Company.

The Tagish Lake Board of Directors has not yet taken a position on the New Pacific offer, but Evans & Evans, Inc., the independent financial advisor to the Tagish Lake Special Committee, has concluded that: the consideration to be paid for the Shares under the New Pacific Offer is fair, from a financial point of view, to the shareholders of the Tagish Lake. Evans & Evans, Inc is also of the opinion that, given the scope of its engagement and the terms of its engagement letter, the fair market value of 100% of the issued and outstanding shares of Tagish as at July 15, 2010 is in the range of $7,500,000 to $8,200,000.

If all Tagish Lake Shares outstanding were tendered to the Cash Election of the New Pacific Offer, Tagish Lake shareholders would receive approximately $8,640,000 — higher than the fair market value of the Company as determined by the Special Committee’s independent valuator.

If all Tagish Lake Shares outstanding were tendered to the Share Election of the Offer, based on the current market price of New Pacific shares at $1.05 (which equates to $0.8631 per Tagish Lake Share), Tagish Lake shareholders would receive New Pacific shares having a current market value of approximately $12,430,000 – a 50% premium over the highest fair market value placed on the Company by the independent valuator.

The New Pacific Offer permits Tagish Lake shareholders, for each Tagish Lake share tendered to the Offer to choose between:

(a) $0.06 per share in cash (the “Cash Election”); or

(b) 0.0822 of a New Pacific share (the “Share Election”); or

(c) a combination of 50% in cash and 50% in New Pacific shares (the “Combined Election”).

Tagish Lake shareholders who have not yet decided to tender to the Offer should note the following:

– New Pacific announced on July 27th, 2010, after the date of its takeover bid circular, that it had entered into an agreement to sell its Huaiji gold property for total consideration of $30.5 million. Assuming successful completion of the sale, and together with funds currently on hand, New Pacific would have the equivalent of $1.10 in cash per share. A “Notice Of Change to Offer to Purchase” has been filed and mailed to Tagish Lake shareholders on August 4, 2010 providing details of the sale. This monetization of New Pacific’s asset makes it easier for Tagish Lake shareholders to evaluate the merits of accepting either the Cash Election or the Share Election, and further reinforces New Pacific’s ability to finance the development of the Skukum project.

– The recent increases in the stock price of Tagish Lake are solely as a result of the New Pacific Offer, in the absence of which Tagish Lake shares can be expected to return to lower historic trading prices.

– The fair market value of Tagish Lake determined by the independent valuator retained by the Special Committee of Tagish Lake is approximately 10 times the $811,375 value ascribed to Tagish Lake in the failed amalgamation proposed last year between Tagish Lake and YS Mining Company Inc. (“YS Mining”).

In the Tagish Circular, the Tagish Lake Board of Directors also notes the following important considerations for Tagish Lake shareholders:

� The New Pacific Offer is the only offer for the Shares and Debt outstanding at this time.

� The proposal made by YS Mining on July 20, 2010 and revised on July 23, 2010, for the recapitalization of the Company has been withdrawn.

â€� The Company is under Companies’ Creditors Arrangement Act protection and needs funds to pay its creditors.

� There can be no assurance of future liquidity opportunities for the Shares or Debt if the New Pacific Offer is not successful.

In addition to the foregoing, New Pacific notes that one of the Special Committee’s considerations in deciding not to make a recommendation in respect of the New Pacific offer is that it is of the view that YS Mining will either make a bid to acquire the shares of Tagish Lake that it does not already own or will make a proposal for the recapitalization of the Company. This appears to contradict YS Mining’s own statement that it does not intend to make a bid for the Company and that YS Mining has made and withdrawn recapitalization proposals. Instead, YS Mining has advised the Special Committee that it intends to apply to the British Columbia Securities Commission for a cease trade order in respect of the New Pacific offer. In the unlikely event of such an application being successful it would deprive the holders of Tagish Lake Shares and Tagish Lake Debt from obtaining the benefits under the New Pacific Offer.

The Tagish Circular also describes a Shareholder Rights Plan (SRP) approved by the Tagish Board on March 17, 2010, but not disclosed to the market until July 8, 2010, after New Pacific had approached the Tagish Lake board with a proposal for a friendly transaction. The SRP, if not earlier terminated by the Tagish Board, will automatically terminate if not approved by Shareholders on or before September 14, 2010. (Tagish Lake has not held a shareholders meeting since March 2007). New Pacific may determine to terminate the New Pacific Offer if the SRP is not withdrawn by the Tagish Board in a timely manner. In the absence of the New Pacific Offer Tagish Lake will remain under the control of YS Mining and it is likely that Tagish Lake shares will return to lower historic trading prices.

The New Pacific Offer is open for acceptance until 8:00 pm (Vancouver time) on September 2, 2010 unless it is extended or withdrawn. The New Pacific Offer, and the offer to Unsecured Creditors, is subject to certain customary conditions including: a minimum tender threshold of 66 2/3% of the Tagish Lake Shares, receipt of all required regulatory approvals and third-party consents, the absence of any material adverse change in Tagish Lake; the absence of certain prohibited activities on the part of Tagish Lake (including share issuances, material debt issuances, acquisitions and dispositions) between the date hereof and the expiry of the Offer; and no untrue statements or omissions in Tagish Lake’s public disclosure. Tagish Lake shareholder and holders of Tagish Lake Debt are urged to review the New Pacific Offer and offering circular and to tender their Shares and Debt to the New Pacific Offer.

Investors may obtain a free copy of the Circular and other documents filed by New Pacific with the Canadian securities regulators at www.sedar.com. The Circular and other documents may also be obtained for free from New Pacific’s website or by directing a request to New Pacific’s investor relations department by telephone at 1-888-224-1881, fax 604-669-9387 or e-mail info@newpacificmetals.com or by contacting the Information Agent, Kingsdale Shareholder Services Inc., toll free at 1-888-518-6812.

Secured and Unsecured Creditors of Tagish Lake may obtain more information by contacting New Pacific at the above phone numbers, or by email to: debtinfo@newpacificmetals.com

About New Pacific Metals Corp.

New Pacific is engaged in the exploration and development of mineral resources, 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, statements regarding the proposed acquisition of Tagish Lake common shares by New Pacific, the offer to pay out the secured and unsecured creditors ,and 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 cannot determine the number of Tagish Lake shareholders who may accept New Pacific’s Offer; New Pacific may not succeed in acquiring 66 2/3% of the outstanding Tagish Lake shares (on a fully-diluted basis); If the Offer is successful, 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.