NEW PACIFIC REPORTS FINANCIAL RESULTS FOR THE THREE AND NINE MONTHS ENDED MARCH 31, 2026

Executive Summary

• New Pacific Metals Corp. reported a net loss of $0.87 million for the three months ended March 31, 2026, and a net loss of $3.20 million for the nine months ended March 31, 2026.
• The Company maintained a strong liquidity position with working capital of $39.28 million as of March 31, 2026.
• Capitalized exploration expenditures continued across the company's three primary projects: Silver Sand, Carangas, and Silverstrike.

Key Details

Financial Performance (Three & Nine Months Ended March 31, 2026) * Net Loss: * Three months: $0.87 million ($0.0 per share) vs. $0.86 million ($0.01 per share) in Q3 2025. * Nine months: $3.20 million ($0.02 per share) vs. $2.86 million ($0.02 per share) in 9M 2025. * Working Capital: $39.28 million as of March 31, 2026. * Operating Expenses: * Three months: $1.58 million vs. $1.40 million in Q3 2025. * Nine months: $4.37 million vs. $4.56 million in 9M 2025. * Income from Investments: * Three months: $0.29 million vs. $0.22 million in Q3 2025. * Nine months: $0.71 million vs. $0.66 million in 9M 2025. * Foreign Exchange Gain: * Three months: $0.44 million vs. $0.28 million in Q3 2025. * Nine months: $0.47 million vs. $1.02 million in 9M 2025.

Project Expenditures (Capitalized) * Silver Sand Project: $0.73 million (3 months) and $1.91 million (9 months). * Carangas Project: $0.56 million (3 months) and $0.95 million (9 months). * Silverstrike Project: $0.01 million (3 months) and $0.06 million (9 months).

Project Balances (as of March 31, 2026) * Silver Sand: $92,214,982 * Carangas: $22,223,098 * Silverstrike: $5,037,578 * Total Project Balance: $119,475,658

Operational Updates * Carangas Project Agreement: On February 23, 2026, the Company signed a Framework Agreement for Cooperation and Coordination with the Carangas community (TIOC Carangas) regarding the Carangas Silver-Gold project.