Announcement • May 30

Nova Pacific Metals Corp. Intersects Massive Sulphide Mineralization At Lara Project

Nova Pacific Metals Corp. provided an update on its ongoing 8,500-metre Phase 1 drill program at the Lara Volcanogenic Massive Sulphide (VMS) Project, located on Vancouver Island, British Columbia. Highlights: Phase 1 drill program underway: The first 14 of 39 planned drill holes have been completed, with a total of 3,105 meters drilled to date. Assay results are pending: The first 4 drillholes have been sampled and will be shipped to ALS Geochemistry in North Vancouver for rush assaying. Massive sulphide mineralization encountered: Visual identification of key VMS-style minerals including sphalerite, galena, chalcopyrite, and pyrite. Twofold exploration objectives: Verifying the historical resource, and Testing new targets along strike and at depth to potentially expand the current geological model. Significant catalysts ahead: Rush results from initial holes are expected to generate sustained news flow, and A current mineral resource is targeted for fourth quarter of this year. Phase 1 Drill Program Underway at the Coronation Trend. Nova Pacific's Phase 1 exploration program is focused on completing approximately 8,500 metres across 39 holes. Within the first processed drillholes, sections of visible massive sulphide and sulphide vein mineralization have been identified in altered felsic volcanics of the Sicker Group. Assay Results Pending. The first 4 drill holes have been sampled and will be shipping to ALS Geochemistry in Northancouver for rush assay. Core processing is ongoing, with samples from additional drillholes to be sent as they are completed. Phase 1 Program. The highly anticipated Phase 1 Program has two primary objectives: Confirming the Historical Resource: The Company plans to confirm the presence and extent of the mineralization that was included in the historical resource estimate. This current phase of drilling will provide updated geological data, incorporating modern assay techniques and quality control measures to align with industry best standards. Demonstrating Expansion Potential: Beyond confirmation drilling, the Company also plans to test recently identified high-priority exploration targets beyond the previously delineated mineralization along the Coronation Trend. Historical Resource Context. Lara's Historical Resource Estimate (1% Zinc Block Cut-off) Current Mineral Resource Estimate Targeted for 2025. Subject to assay results, the Company believes that the areas targeted in the Phase 1 drill program have the potential to support the calculation of an MRE in Fourth Quarter 2025. In anticipation of reporting a current Mineral Resource, the Company has retained Mineit Consulting Inc. for the preparation of an updated technical report for the Lara Project. Evaluation of Nearby Zones Underway to Advance Lara's Broader Potential. The project boasts a significant historical resource rich in critical and precious metals situated in a prime location near excellent infrastructure. Nova Pacific's forward-looking strategy includes verification and exploration drilling and the completion of an updated mineral resource estimate (MRE), with additional technical and exploration studies to be considered following these milestones. The Company is committed to creating value for its shareholders while supporting environmental responsibility and strong community relationships. The Company's actual results could differ materially from those anticipated in this forward-looking information includes, but is not limited to, the Company's objectives, goals or future plans; statements regarding exploration results, potential mineralization, or verification of historical drilling results; the Company's plans to execute and complete its Phase 1 exploration program including the completion of a current mineral resource estimate; exploration and mine development plans; and the timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to intersect potentially economic intervals of mineralization; failure to identify mineral resources; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; inability to fulfill the duty to accommodate First Nations and other Indigenous people; uncertainties relating to the availability and costs of financing needed needed.

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