New Pacific Intercepts 282.01 Metres of Mineralization Grading 104 Grams Per Tonne Silver From the Silver Sand Project Metallurgical Drilling Program

VANCOUVER, British Columbia, July 13, 2020 (GLOBE NEWSWIRE) -- New Pacific Metals Corp. (TSX-V: NUAG) (OTCQX: NUPMF) (“New Pacific” or the “Company”) is pleased to announce the assay results from the four in-fill drilling holes at the Silver Sand Project.  Holes were drilled to obtain representative samples for detailed metallurgical work required by a Preliminary Economic Assessment (PEA) study.

Assay results from these metallurgical holes, as summarized in Table 1 below, compare favourably to those previously released near-by holes in intervals and silver grades and further demonstrate continuity of silver mineralization.  Highlight of the results includes 282.01 m intersection grading 104 g/t silver in hole DSS525021T.

Table 1 – Assay results for the metallurgical drill holes at Silver Sand

Met Hole	From (m)	To (m)	Interval (m)	Ag (g/t)
DSS422501T	72.64	143.96	71.32	149
DSS522501T	65.78	187.70	121.92	180
DSS525021T	6.90	288.91	282.01	104
DSS642501T	23.28	128.40	105.12	152

Notes:

1. True width is estimated at 80% of drill intercepts based on the current understanding of the relationship between drill direction and mineralized structures.
2. Drill location, azimuth and dip of drill holes provided in Table 2.

In addition, the Company has also developed a composting and sampling program to collect approximately 1,500 kg of drill core and coarse reject samples from previous drilling campaigns for metallurgical testing.

QUALITY ASSURANCE AND QUALITY CONTROL

HQ-size drill core samples are split into equal halves by diamond saw, with an average sample length of between one to one and a half metres at the Company’s core processing facility in Betanzos, a small town located 20 kilometres from the project site.  Half core samples are stored in a secure storage facility in Betanzos for future reference, with the other half shipped in securely sealed bags to ALS Global in Oruro, Bolivia for preparation, and ALS Global in Lima, Peru for geochemical analysis.  All samples are first analyzed by a multi-element ICP package (ALS code ME-MS41) with ore grade over limits for silver, lead and zinc further analyzed using ALS code OG46.  Further silver over limits are analyzed by gravimetric analysis (ALS code of GRA21).