NEW PACIFIC METALS Business Summary

New Pacific Metals Corp. (NEWP) is a Canadian-based mineral exploration and development company primarily focused on the acquisition and advancement of precious metal properties in Bolivia. The company operates as a pre-revenue issuer, generating value through the systematic de-risking of its three core business segments: the flagship Silver Sand project, the polymetallic Carangas silver-gold-lead-zinc project, and the Silverstrike project. Its business model relies on strategic equity financing and technical partnerships to fund exploration and permitting activities, with a long-term goal of transitioning into a high-margin silver producer. Within the competitive landscape, New Pacific competes for capital and mineral resources against established silver producers and explorers such as Pan American Silver, Coeur Mining, First Majestic Silver, and Silver Elephant Mining, positioning itself as a high-growth developer with one of the largest undeveloped silver resources globally. The company is led by a management team with deep expertise in international mining and capital markets, spearheaded by CEO Jalen Yuan, a professional accountant and former CFO who was appointed to the permanent chief executive role in October 2025. He is supported by CFO Chester Xie and COO Dustin VanDoorselaere, who oversees technical operations across the Bolivian portfolio. The firm was founded by Dr. Rui Feng, a renowned geologist and entrepreneur who also founded Silvercorp Metals Inc. and remains a pivotal strategic figure. The leadership is further strengthened by Chairman Dickson Hall, a veteran in corporate development and Asian-Pacific finance. New Pacific maintains a robust institutional pedigree, backed by strategic cornerstone investors Silvercorp Metals Inc. (holding approximately 28%) and Pan American Silver Corp. (holding approximately 12%), providing significant technical and financial validation.