New Pacific Metals Receives Conditional Approval for Graduation to the TSX


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 26, 2012) - New Pacific Metals Corp. (TSX VENTURE:NUX) (the "Company") is pleased to announce that it has received conditional approval for its common shares to be listed on the Toronto Stock Exchange ("TSX"), subject to the final approval of the TSX. The Company's common shares will commence trading on the TSX once final approval is received. Upon listing on the TSX, the Company's common shares will continue to trade under the symbol "NUX".

In connection with the listing on the TSX, the Company will apply to voluntarily delist it shares from the TSX Venture Exchange to take effect on the date such shares commence trading on the TSX.

About New Pacific Metals Corp.

New Pacific Metals Corp. is a Canadian near-term gold and silver mining company engaged in the exploration and development of gold poly-metallic properties in the Yukon, Canada. The Company's current project is the Tagish Lake Gold Property in Yukon Territory. With experienced management and sufficient technical and financial resources, the Company is well positioned to build shareholder value through discovery, exploration and resource development.

Neither the 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.

Contact Information:

New Pacific Metals Corp.
Jason Nickel
Vice President Engineering
(604) 669-9397
(604) 669-9387 (FAX)

New Pacific Metals Corp.
Investor Relations
(604) 633-1368
info@newpacificmetals.com
www.newpacificmetals.com