New Pacific Metals (NYSE American: NEWP) (TSX: NUAG) Appoints Permanent CEO and CFO; Advances Projects in Bolivia

Disseminated on behalf of New Pacific Metals Corp. (NYSE American: NEWP) (TSX: NUAG) and includes paid advertisement for New Pacific.

• New Pacific Metals, a Canadian exploration and development company, has announced the appointment of Mr. Jalen Yuan as CEO and Mr. Chester Xie as CFO, effective Oct. 23, 2025.
• Mr. Yuan, who spends a significant portion of his time in Bolivia, reiterated his commitment to delivering positive outcomes for the company’s shareholders, while stressing the importance of its Bolivia initiatives.

New Pacific Metals (NYSE American: NEWP) (TSX: NUAG), a Canadian exploration and development company with silver projects in Bolivia, recently announced permanent CEO and CFO appointments effective Oct. 23, 2025. Mr. Jalen Yuan and Mr. Chester Xie will serve as CEO and CFO, respectively, with Mr. Yuan also serving on the company’s Board of Directors.

“On behalf of the Board of Directors, I’m pleased to welcome Jalen and Chester in their permanent positions respectively as CEO and CFO,” said Dickson Hall, New Pacific’s Board Chair. “Following a robust period of progress under Jalen’s guidance, the Board is pleased to confirm both Jalen and Chester’s appointments and looks forward to working with them as we move to the next phase in advancing our projects in Bolivia,” he added (https://ibn.fm/cbXZ5).

In April 2025, Mr. Yuan and Mr. Xie were appointed as interim CEO and interim CFO, respectively. Since then, they have driven meaningful progress on permitting and strengthening the company’s relationships with the capital market. In early October, the company entered into an agreement with a syndicate of underwriters for a bought deal offering of 9.9 million common shares, generating gross proceeds of approximately C$35.1 million. Net proceeds would be used for the exploration and further development of the company’s Carangas and Silver Sand projects, as well as for working capital and general corporate purposes (https://ibn.fm/JqtX0).

While accepting the appointment, Mr. Yuan reiterated his commitment to delivering positive outcomes for the company’s shareholders. He also stressed the importance of the company’s Bolivia initiatives and how integral they are to the company’s growth going forward. He now spends a significant portion of his time in the country, providing guidance and directions.

“It’s an honor to be appointed CEO of New Pacific. The Silver Sand and Carangas Projects represent a world-class opportunity, and I am committed to delivering positive outcomes for our shareholders, our stakeholders in Bolivia, and our team,” said Mr. Yuan. “I look forward to building on our progress and advancing these projects responsibly and successfully,” he added (https://ibn.fm/cbXZ5).

For company information, visit the company’s website at http://www.newpacificmetals.com/welcome.

NOTE TO INVESTORS: The latest news and updates relating to NEWP are available in the company’s newsroom at https://ibn.fm/NEWP

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