<SEC-DOCUMENT>0001279569-21-000885.txt : 20210629
<SEC-HEADER>0001279569-21-000885.hdr.sgml : 20210629
<ACCEPTANCE-DATETIME>20210629152818
ACCESSION NUMBER:		0001279569-21-000885
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20210629
FILED AS OF DATE:		20210629
DATE AS OF CHANGE:		20210629

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NEW PACIFIC METALS CORP
		CENTRAL INDEX KEY:			0001369085
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40381
		FILM NUMBER:		211057913

	BUSINESS ADDRESS:	
		STREET 1:		200 GRANVILLE ST
		STREET 2:		SUITE 1378
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 1S4
		BUSINESS PHONE:		6046331368

	MAIL ADDRESS:	
		STREET 1:		200 GRANVILLE ST
		STREET 2:		SUITE 1378
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 1S4
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<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. &nbsp;20549</B></P>

<P STYLE="font: 12pt/14pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 10pt 0 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 10pt 0 0; text-align: center"><B>PURSUANT TO RULE 13a-16 OR 15d-16 OF<BR>
THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 10pt 0 0; text-align: center"><U>June 29, 2021</U></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 10pt 0 0; text-align: center">Commission File No. 0001-34184</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 10pt 0 0; text-align: center"><FONT STYLE="font-size: 14pt"><B><U>NEW PACIFIC
METALS CORP.<BR>
</U></B></FONT><FONT STYLE="font-size: 10pt">(Translation of registrant's name into English)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Suite 1750 - 1066 W. Hastings Street</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>Vancouver BC, Canada V6E 3X1</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of principal executive office)</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 10pt 0 0; text-align: justify">[Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F]</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 10pt 0 0; text-align: justify">Form 20-F&nbsp;[ ] &nbsp;Form 40-F&nbsp;&nbsp;[
X ]</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 10pt 0 0; text-align: justify">Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1)&nbsp;[ ]</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 10pt 0 0; text-align: justify"><B>Note:</B> Regulation S-T Rule 101(b)(1)
only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 10pt 0 0; text-align: justify">Indicate by check mark if the registrant
is &quot;submitting&quot; the Form 6-K in paper as permitted by Regulation S-T &quot;Rule&quot; 101(b)(7) &nbsp;[ ]</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 10pt 0 0; text-align: justify"><B>Note: &nbsp;</B>Regulation S-T Rule
101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign
private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally
organized (the registrant's &quot;home country&quot;), or under the rules of the home country exchange on which the registrant's securities
are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the
registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission
filing on EDGAR.</P>

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<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 10pt 0 0; text-align: justify">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; line-height: 12pt"><FONT STYLE="font-size: 10pt">Dated: June 29, 2021</FONT></TD>
    <TD STYLE="width: 50%; line-height: 12pt"><FONT STYLE="font-size: 10pt"><B>NEW PACIFIC METALS CORP.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 10pt; line-height: 12pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 10pt; line-height: 12pt"><FONT STYLE="font-size: 10pt">/s/ Jalen Yuan</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 12pt">&nbsp;</TD>
    <TD STYLE="line-height: 12pt"><FONT STYLE="font-size: 10pt">Jalen Yuan</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 12pt">&nbsp;</TD>
    <TD STYLE="line-height: 12pt"><FONT STYLE="font-size: 10pt">Chief Financial Officer</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center">EXHIBIT INDEX</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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    <TD STYLE="width: 13%; line-height: 12pt"><FONT STYLE="font-size: 10pt"><U>EXHIBIT</U></FONT></TD>
    <TD STYLE="width: 87%; line-height: 12pt"><FONT STYLE="font-size: 10pt"><U>DESCRIPTION OF EXHIBIT</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
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    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><A HREF="ex991.htm">99.1</A></FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><A HREF="ex991.htm">News release dated June 29, 2021</A></FONT></TD></TR>
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<DESCRIPTION>NEWS RELEASE DATED JUNE 29, 2021
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<P STYLE="text-align: right; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Exhibit 99.1</B></FONT></P>

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"></FONT></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><IMG SRC="image_001.jpg" ALT="New Pacific Metals Logo (CNW Group|New Pacific Metals Corp.)" STYLE="height: 39px; width: 255px"></P>

<P STYLE="font: bold 24pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">New Pacific Commences Initial Discovery Drilling
at the Carangas Silver Project</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>Trading Symbol:&nbsp;TSX: NUAG<BR>
NYSE-A: NEWP</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">VANCOUVER,&nbsp;BC, June 29, 2021 /CNW/ - New Pacific
Metals Corp. (&quot;New Pacific&quot; or the &quot;Company&quot;) (TSX: NUAG) (NYSE-A: NEWP) is pleased to announce that the Company has
commenced an initial discovery drill program at the Carangas Silver Project, Oruro Department, Bolivia (the &quot;Carangas Project&quot;
or the &quot;Project&quot;).</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">The Company has identified near-surface bulk-tonnage
and high-grade vein-hosted silver-rich polymetallic targets centred on and adjacent to the historically exploited West and East Dome areas.
For additional details, please refer to the Company's news releases dated April 12, 2021 and June 14, 2021.&nbsp;&nbsp;</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Phase I of the 5,000-metre drill program will be comprised
of approximately 20 drillholes for initial 3,000 metres to be completed over an eight-week period. Contingent on the success of initial
results, follow-up drilling will complete the budgeted 5,000-metre program.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">The Carangas exploration camp and support facilities
are now fully operational and the Project's Bolivian drill contractor has commenced drilling with a single diamond drill rig.&nbsp;&nbsp;
Drill core samples will be sent to ALS Global in Oruro, Bolivia for preparation and to ALS Global in Lima, Peru for geochemical analysis.
The Company will announce results as they become available.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Dr. Mark Cruise, CEO of New Pacific, said &quot;We
are excited by the potential offered at the Carangas Project located on La Ruta de la Plata (the Silver Road), which hosts outcropping
silver mineralization and historically exploited high-grade silver veins. We look forward to sharing the results as they become available.&quot;</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>CARANGAS PROJECT JOINT VENTURE</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">The Carangas Project is comprised of two exploration
licenses covering an area of 6.25 km<SUP>2</SUP> and owned 100% by the Company's Bolivian joint venture partner. New Pacific has entered
into a mining association agreement with the Bolivian partner (the &quot;Joint Venture&quot;), under which New Pacific is required to
cover 100% of the future expenditures on exploration, mining, development, and production activities in return for 98% economic interest
in the Project.&nbsp;</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">The Carangas Project is located within 50 km of the
Bolivian border with Chile, approximately 180 km southwest of the city of Oruro. In line with many South American countries, Bolivia does
not permit foreign entities to own property within 50 km of international borders (the &quot;Restricted Area&quot;).&nbsp; Property owners
in the Restricted Area are, however, permitted to enter into mining association agreements, or joint ventures, with third parties, including
foreign entities, for the development of mining activities under Bolivian Law No. 535 on Mining and Metallurgy (the &quot;Mining Law&quot;).</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">While the Company believes the Joint Venture is legally
compliant with the Restricted Area requirements and the Mining Law, there is no assurance that the Company's Bolivian partner will be
successful in obtaining the approval of the Jurisdictional Mining Administrative Authority in Bolivia (<I>Autoridad Jurisdiccional Administrativa
Minera</I> or AJAM)&nbsp;to convert the two exploration licenses into an Administrative Mining Contract.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>QUALITY ASSURANCE AND QUALITY CONTROL</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">All samples in respect of the exploration program
at the Carangas Project, conducted by the Company and discussed in this news release, are shipped in securely-sealed bags by New Pacific
staff in the Company's vehicles, directly from the field to ALS Global in Oruro, Bolivia for preparation, and ALS Global in Lima, Peru
for geochemical analysis.&nbsp; ALS Global is an ISO 17025 accredited laboratory independent from New Pacific. All samples are first analyzed
by a multi-element ICP package (ALS code ME-MS41) with ore grade over specified limits for silver, lead and zinc further analyzed using
ALS code OG46.&nbsp; Further silver samples over specified limits are analyzed by gravimetric analysis (ALS code of GRA21). Certified
reference materials, blank samples and field duplicate samples are inserted to normal drill core sample sequences prior to delivery to
laboratory for preparation and analysis.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>QUALIFIED PERSON</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">The scientific and technical information contained
in this news release has been reviewed and approved by Alex Zhang, P. Geo., Vice President of Exploration, who is a Qualified Person for
the purposes of National Instrument 43-101 &mdash; <I>Standards of Disclosure for Mineral Projects (</I>&quot;NI 43-101&quot;). The Qualified
Person has verified the information disclosed herein, including the sampling, preparation, security and analytical procedures underlying
such information, and is not aware of any significant risks and uncertainties that could be expected to affect the reliability or confidence
in the information discussed herein.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>ABOUT NEW PACIFIC </B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">New Pacific is a Canadian exploration and development
company with precious metal projects, including the flagship Silver Sand Project, the Silverstrike Project and the Carangas Project, all
of which are located in Bolivia. The Company is focused on progressing the development of the Silver Sand Project, while growing its Mineral
Resources through the exploration and acquisition of properties in the Americas.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>For further information, please contact:</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Stacey Pavlova, CFA<BR>
VP, Investor Relations and Corporate Communications<BR>
New Pacific Metals Corp.<BR>
Phone: (604) 633-1368<BR>
U.S. &amp; Canada toll-free: 1-877-631-0593<BR>
E-mail: info@newpacificmetals.com<BR>
www.newpacificmetals.com</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">To receive company news by e-mail, please register
using New Pacific's website at www.newpacificmetals.com.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>Certain of the statements and information in this
news release constitute &quot;forward-looking statements&quot; within the meaning of the United States Private Securities Litigation Reform
Act of 1995 and &quot;forward-looking information&quot; within the meaning of applicable Canadian provincial securities laws.&nbsp; Any
statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often, but not always, using words or phrases such as &quot;expects&quot;, &quot;is
expected&quot;, &quot;anticipates&quot;, &quot;believes&quot;, &quot;plans&quot;, &quot;projects&quot;, &quot;estimates&quot;, &quot;assumes&quot;,
&quot;intends&quot;, &quot;strategies&quot;, &quot;targets&quot;, &quot;goals&quot;, &quot;forecasts&quot;, &quot;objectives&quot;, &quot;budgets&quot;,
&quot;schedules&quot;, &quot;potential&quot; or variations thereof or stating that certain actions, events or results &quot;may&quot;,
&quot;could&quot;, &quot;would&quot;, &quot;might&quot; or &quot;will&quot; be taken, occur or be achieved, or the negative of any of
these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. Such
statements include, but are not limited to: statements regarding anticipated exploration, drilling, development, construction, and other
activities or achievements of the Company; timing of receipt of permits and regulatory approvals; and estimates of the Company's revenues
and capital expenditures. </I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>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: global economic and social
impact of COVID-19; fluctuating equity prices, bond prices, commodity prices; calculation of resources, reserves and mineralization, general
economic conditions, foreign exchange risks, interest rate risk, foreign investment risk; loss of key personnel; conflicts of interest;
dependence on management, uncertainties relating to the availability and costs of financing needed in the future, environmental risks,
operations and political conditions, the regulatory environment in Bolivia and Canada, risks associated with community relations and corporate
social responsibility, and other factors described under the heading &quot;Risk Factors&quot; in the Company's Annual Information Form
for the year ended June 30, 2020 and its other public filings.&nbsp;&nbsp; </I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>This list is not exhaustive of the factors that
may affect any of the Company's forward-looking statements or information.&nbsp;&nbsp; </I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>The forward-looking statements are necessarily
based on a number of estimates, assumptions, beliefs, expectations and opinions of management as of the date of this news release that,
while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and
contingencies.&nbsp; These estimates, assumptions, beliefs, expectations and options include, but are not limited to, those related to
the Company's ability to carry on current and future operations, including: the duration and effects of COVID-19 on our operations and
workforce; development and exploration activities; the timing, extent, duration and economic viability of such operations; the accuracy
and reliability of estimates, projections, forecasts, studies and assessments; the Company's ability to meet or achieve estimates, projections
and forecasts; the stabilization of the political climate in Bolivia; the Company's ability to obtain and maintain social license at its
mineral properties; the availability and cost of inputs; the price and market for outputs; foreign exchange rates; taxation levels; the
timely receipt of necessary approvals or permits, including the ratification and approval of the Mining Production Contract with COMIBOL
by the Plurinational Legislative Assembly of Bolivia; the validity of the joint venture structure for the Silverstrike Project and the
Carangas Project; the ability to meet current and future obligations; the ability to obtain timely financing on reasonable terms when
required; the current and future social, economic and political conditions; and other assumptions and factors generally associated with
the mining industry. </I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>Although the forward-looking statements contained
in this news release are based upon what management believes are reasonable assumptions, there can be no assurance that actual results
will be consistent with these forward-looking statements.&nbsp; All forward-looking statements in this news release are qualified by these
cautionary statements.&nbsp; Accordingly, readers should not place undue reliance on such statements. Other than specifically required
by applicable laws, the Company is under no obligation and expressly disclaims any such obligation to update or alter the forward-looking
statements whether as a result of new information, future events or otherwise except as may be required by law.&nbsp; These forward-looking
statements are made as of the date of this news release.</I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>CAUTIONARY NOTE TO US INVESTORS</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>The disclosure in this news release and referred
to herein was prepared in accordance with NI 43-101 which differs significantly from the requirements of the U.S. Securities and Exchange
Commission (the &quot;SEC&quot;).&nbsp; The terms &quot;proven mineral reserve&quot;, &quot;probable mineral reserve&quot; and &quot;mineral
reserves&quot; used in this news release are in reference to the mining terms defined in the Canadian Institute of Mining, Metallurgy
and Petroleum Standards (the &quot;CIM Definition Standards&quot;), which definitions have been adopted by NI 43-101.&nbsp; Accordingly,
information contained in this news release providing descriptions of our mineral deposits in accordance with NI 43-101 may not be comparable
to similar information made public by other U.S. companies subject to the United States federal securities laws and the rules and regulations
thereunder. </I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>Investors are cautioned not to assume that any
part or all of mineral resources will ever be converted into reserves. Pursuant to CIM Definition Standards, &quot;Inferred mineral resources&quot;
are that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence
and sampling.&nbsp; Such geological evidence is sufficient to imply but not verify geological and grade or quality continuity.&nbsp; An
inferred mineral resource has a lower level of confidence than that applying to an indicated mineral resource and must not be converted
to a mineral reserve. However, it is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated
mineral resources with continued exploration.&nbsp; Under Canadian rules, estimates of inferred mineral resources may not form the basis
of feasibility or pre-feasibility studies, except in rare cases.&nbsp; Investors are cautioned not to assume that all or any part of an
inferred mineral resource is economically or legally mineable.&nbsp; Disclosure of &quot;contained ounces&quot; in a resource is permitted
disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute
&quot;reserves&quot; by SEC standards as in place tonnage and grade without reference to unit measures.</I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>Canadian standards, including the CIM Definition
Standards and NI 43-101, differ significantly from standards in the SEC Industry Guide 7.&nbsp; Effective February 25, 2019, the SEC adopted
new mining disclosure rules under subpart 1300 of Regulation S-K of the United States Securities Act of 1933, as amended (the &quot;SEC
Modernization Rules&quot;), with compliance required for the first fiscal year beginning on or after January 1, 2021.&nbsp; The SEC Modernization
Rules replace the historical property disclosure requirements included in SEC Industry Guide 7.&nbsp; As a result of the adoption of the
SEC Modernization Rules, the SEC now recognizes estimates of &quot;Measured Mineral Resources&quot;, &quot;Indicated Mineral Resources&quot;
and &quot;Inferred Mineral Resources&quot;.&nbsp; In addition, the SEC has amended its definitions of &quot;Proven Mineral Reserves&quot;
and &quot;Probable Mineral Reserves&quot; to be substantially similar to corresponding definitions under the CIM Definition Standards.&nbsp;
During the period leading up to the compliance date of the SEC Modernization Rules, information regarding mineral resources or reserves
contained or referenced in this news release may not be comparable to similar information made public by companies that report according
to U.S. standards.&nbsp; While the SEC Modernization Rules are purported to be &quot;substantially similar&quot; to the CIM Definition
Standards, readers are cautioned that there are differences between the SEC Modernization Rules and the CIM Definitions Standards. Accordingly,
there is no assurance any mineral reserves or mineral resources that the Company may report as &quot;proven mineral reserves&quot;, &quot;probable
mineral reserves&quot;, &quot;measured mineral resources&quot;, &quot;indicated mineral resources&quot; and &quot;inferred mineral resources&quot;
under NI 43-101 would be the same had the Company prepared the reserve or resource estimates under the standards adopted under the SEC
Modernization Rules.</I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">View original content to download multimedia:https://www.prnewswire.com/news-releases/new-pacific-commences-initial-discovery-drilling-at-the-carangas-silver-project-301321526.html</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">SOURCE New Pacific Metals Corp.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2021/29/c8120.html</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">%CIK: 0001369085</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">CO: New Pacific Metals Corp.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">CNW 06:55e 29-JUN-21</P>
<P STYLE="margin: 0; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

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