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New Pacific Metals Corp.

Published : December 23rd, 2010

Appoints New Director and Grants 220,000 Options

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New Pacific Appoints New Director and Grants Options


Vancouver, British Columbia (December 23, 2010) - New Pacific Metals Corp. (TSXV: "NUX") (the "Company" or "New Pacific"), announces that subject to regulatory approval, it has granted an aggregate of 220,000 incentive stock options to consultants and a director of the Company. The stock options are exercisable at $1.65 for a period of five years and are subject to a vesting period of 48 months.
The Company is also pleased to announce the appointment of Dr. Robert Kerrich as a director of the Company effective immediately. Since 1987, Dr. Robert Kerrich has been the George McLeod Research Chair at the Department of Geological Science at the University and Saskatchewan. He has 30 years mineral deposit field experience and mineral deposit consulting experience in gold and base metals in projects based in North and South America, China, and Africa. He is in good standing with the Canadian Institute of Mining and Metallurgy, the Mineralogical Association of Canada, the Geological Society of Canada, the Geological Society of America, the Geological Society of London, and the American Geophysical Union. With this new appointment, the Company announces the resignation of both Joanne Yan and Shating Shen as directors of the Company and wish to thank them for their contributions to the Company.

To advance the Tagish Lake Gold Project, the Company has also built a team currently consisting of a president, vice-president finance, four geologists, and one metallurgist. The Company plans to augment this team in the coming months.

New Pacific is engaged in the exploration and development of mineral resources and gold-poly-metallic projects in Canada and China. New Pacific has extensive experience in implementing high grade resource development projects. For more information about New Pacific, visit New Pacific's website at
www.newpacificmetals.com.


For Further Information:
Investor Relations
Phone: (604) 633-1368
Fax: (604) 669-9387
Email:
info@newpacificmetals.com
Website:
www.newpacificmetals.com

Forward Looking Information

This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, discussion of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based on a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. New Pacific Metals disclaims any intention or obligations to revise or update such statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

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New Pacific Metals Corp.

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CODE : NUX.V
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New Pacific Metals is a gold and copper exploration company based in Canada.

New Pacific Metals holds various exploration projects in China.

Its main exploration properties are KANG DIAN PROJECTS, HUAIJI XSK and HUAJI HNK in China.

New Pacific Metals is listed in Canada and in United States of America. Its market capitalisation is CA$ 70.3 millions as of today (US$ 52.6 millions, € 48.6 millions).

Its stock quote reached its lowest recent point on December 29, 2005 at CA$ 0.24, and its highest recent level on December 31, 2007 at CA$ 3.49.

New Pacific Metals has 66 940 004 shares outstanding.

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11/24/2011Exhibiting at the San Francisco Hard Asset Conference, Novem...
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6/29/2011Hires Investor Relations Firm and Grants Options
4/20/2011Tagish Lake Gold Property Update
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3/25/2011Announces Management Changes
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11/30/2010Announces Results for the First Quarter Ended Septermber 30,...
6/11/2010Stakes Eva Lake Property in British Columbia
5/27/2010to Exhibit at the World Resource Investment Conference on Ju...
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2/26/2009Announces Results for the 2nd Quarter Ended December 31, 200...
12/8/2008Gold Mineralization Intersected by Drilling and Underground ...
11/26/2008Announces Results for the 1st Quarter Ended September 30, 20...
5/21/2008Silvercorp Metals Inc., New Pacific Metals Corp. and Dr. Rui...
3/27/2008Shating Shen Joins NUX as New Director
2/21/2008Has Received Approval From the TSX Venture Exchange for an O...
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TSX-V (NUX.V)Other OTC (NUXFF)
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