#Canada #Vancouver #New Pacific #Jalen Yuan #Chester Xie

Leadership Changes at New Pacific Metals

New Pacific Metals Corp., a growing player in the mining industry, announces critical changes in its management team as part of a strategic move to enhance operational effectiveness and further strengthen its project pipeline in Bolivia. Effective immediately, Jalen Yuan has been appointed the permanent Chief Executive Officer (CEO) of New Pacific, while Chester Xie has taken on the role of Chief Financial Officer (CFO).

An Impressive Journey

Mr. Yuan previously served as the interim CEO and brought a wealth of experience, having also held the position of CFO before his interim appointment. His leadership has been pivotal during his interim term, and the board of directors recognized his significant impacts, which led to this permanent appointment. The transition reflects the company's commitment to continue advancing its flagship Silver Sand and Carangas projects, both of which hold immense potential within the silver mining sector.

Mr. Xie, similarly elevated to a permanent position as CFO, has played a crucial role in financial strategy and management within the organization. His experience and knowledge are expected to further enhance the company's fiscal responsibilities and initiatives.

A Word from the Board

Dickson Hall, the Chair of the Board for New Pacific, expressed his satisfaction with the appointments. In his statement, Hall noted, "We are pleased to confirm Jalen and Chester's positions following a robust period of progress under Jalen's guidance. Their collective vision aligns with the continued advancement of our projects in Bolivia, and we look forward to their contributions toward creating value for shareholders and stakeholders."

On a related note, the company disclosed that Dr. Peter Megaw's term as a director will conclude at the upcoming Annual General Meeting, marking the end of his tenure with the firm. The board is grateful for Dr. Megaw’s contributions during his service.

Commitment to Shareholders

Emphasizing his commitment, Mr. Yuan remarked, "It is an honor to be named CEO of New Pacific. The Silver Sand and Carangas projects represent world-class opportunities, and I am fully committed to ensuring positive outcomes for our shareholders, stakeholders in Bolivia, and our dedicated team. Our objective remains to progress responsibly and successfully, enhancing our contributions to both the market and the local community."

About New Pacific Metals

New Pacific Metals Corp. is a Canadian exploration and development company focusing on precious metals, primarily in Bolivia. The company's Silver Sand project is considered to have the potential to develop into one of the largest silver mines globally, providing significant economic opportunities. Additionally, the Carangas project is positioned as a high-margin silver-lead-zinc asset with robust prospects for growth and profitability.

Alongside these developments, a discovery drill program was completed at the Silverstrike project in 2022, further contributing to New Pacific's expanding footprint and aspirations within the mining industry.

For more information regarding the shared vision of New Pacific and its transformative projects, please connect with their Investor Relations at New Pacific's website to stay up to date with the latest news and corporate developments.

Looking Ahead

As New Pacific Metals enters a new chapter with its permanent CEO and CFO onboard, it is poised to leverage these leadership shifts to propel its strategic missions forward. Stakeholders can anticipate a focused dedication to navigating the nuances of exploration and environmental responsibility as the company seeks to maximize value for all.