New Pacific Metals Corp.

New Pacific Metals Corp. (TSE:NUX) is pleased to announce it has entered into an arm's length non-binding Memorandum of Understanding with Fujian Henyuan Mining Co., Ltd. to acquire a 75% interest in the LMC silver-gold-lead-zinc Property, Fujian Province, China.

New Pacific Metals Corp. (TSE:NUX) is pleased to announce that it's solely owned subsidiary Tagish Lake Gold Corp. has received a five year exploration permit for its Tagish Lake Gold Project (the "Project") valid from February 23, 2012 to February 22, 2017 known as a "Mining Land Use Approval," under the Quartz Mining Act, Yukon, Canada.