New Pacific Metals Corp. T.NUAG

Alternate Symbol(s): NEWP

New Pacific Metals Corp. is a Canada-based exploration and development company, which is focused on three precious metal projects in Bolivia. The Company’s project includes Silver Sand Project, Silverstrike Project and Carangas Project. The Company’s flagship Silver Sand Project is located 35 kilometers (km) northeast of the Cerro Rico silver and base metal mineral system near Potosi in southwest Bolivia. The 5.42 square kilometers (km2) property sits in the Eastern Cordillera at an elevation of 4,050 meters above sea level. The Carangas Project is located about 180 km to the west of the city of Oruro, Bolivia. The project is comprised of three Exploration Licenses (Granville I, Granville II and Colapso) for a total area of 40.75 square kilometers and is accessible via the paved Highway 12 and a municipally maintained 30 km gravel road. The Silverstrike Project is located approximately 140 km southwest of La Paz, Bolivia, or about 450 km northwest of its Silver Sand Project.

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New Pacific Metals Corp.

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Post by Goldman2004on Oct 20, 2006 2:30pm

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News Release

2006-10-19 18:33 ET - News Release See News Release (C-NUX) New Pacific Metals Corp Dr. Rui Feng of New Pacific reports KANG DIAN OPTION AGREEMENT SHARE ISSUANCE New Pacific Metals Corp. has issued the final tranche of two million shares to Silvercorp Metals Inc. pursuant to the option agreement reported in Stockwatch on March 5, 2004. Under the option agreement, the company agreed to issue Silvercorp a total of 6.5 million shares as consideration for the Kang Dian property, located in Sichuan province China. Silvercorp now holds 6.5 million shares of the company, representing 27.31 per cent of the company's issued and outstanding shares.

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