#Canada #Vancouver #New Pacific #Andrew Williams #Jalen Yuan

New Pacific Metals Announces Strategic Leadership Changes

Date: March 31, 2025 | Location: Vancouver, BC

In a significant announcement, New Pacific Metals Corp., a prominent Canadian exploration and development company, has disclosed a change in its executive leadership. Andrew Williams will resign as Chief Executive Officer (CEO) and Director effective April 15, 2025. In his place, Jalen Yuan, currently serving as Chief Financial Officer (CFO), will take on the role of interim CEO.

Chester Xie, who has been functioning as the company's financial controller, is set to step into the role of interim CFO. Jalen Yuan brings a wealth of experience with him, having worked as the CFO for a decade, which has equipped him with a profound understanding of the company’s operations, particularly in Bolivia. This wealth of experience will be instrumental as the organization transitions into a new leadership phase.

Dickson Hall, Chair of New Pacific’s Board of Directors, expressed gratitude towards Andrew for his committed leadership over the past two years. Andrew has been pivotal in guiding the company through crucial developments in Bolivia while enhancing its strategic positioning amidst a rapidly evolving market landscape. Hall conveyed the Board's best wishes for Andrew’s future endeavors, acknowledging his critical contributions during a transformative time for the company.

“Jalen has our full confidence,” stated Hall. “His experience, coupled with support from our seasoned senior management team and Board, places us in a strong position as we embark on a comprehensive search for a permanent CEO. Our primary focus remains on maximizing stakeholder value from our impressive asset portfolio in Bolivia.”

New Pacific Metals is widely recognized for its significant projects in Bolivia, a nation rich in mineral resources. The company’s flagship, the Silver Sand project, is envisioned to evolve into one of the world's largest silver mines, representing a pivotal opportunity for growth and development. Moreover, the organization is developing the Carangas project, which is characterized by high-margin silver-lead-zinc deposits. Recently, a discovery drill program concluded at the Silverstrike site in 2022, further emphasizing New Pacific’s commitment to expanding its operational footprint and resource base.

This strategic transition in leadership comes at a critical juncture for New Pacific as it aims to navigate market challenges and leverage its asset portfolio effectively. With sustaining operations and enhancing growth perspectives in Bolivia as cornerstones of the company’s strategy, the leadership change is poised to usher in a new era focused on delivering enhanced results and stakeholder benefits.

In light of the company’s direction, New Pacific urges stakeholders and investors to stay informed by visiting the official website here for the latest updates and news on developments within the organization amid these leadership changes.

As the company steps into this new phase, it faces the challenge of maintaining momentum while ensuring operational excellence. The new appointments, coupled with the existing experienced management team, are expected to bolster New Pacific Metals’ efforts to solidify its position in Bolivia’s mining landscape and capitalize on the inherent growth opportunities present.

The transition marks not just a change at the helm but rather a strategic move designed to enhance resilience and adaptability in an ever-evolving market environment. The coming months will be crucial as New Pacific executes on its strategic plan under Jalen Yuan’s interim leadership, setting the stage for future successes.

For More Information:
Contact: Peter Lekich, Investor Relations
Phone: (604) 633‐1368 Ext. 223
Toll-Free (U.S. & Canada): 1-877-631-0593
E-mail: [email protected]