VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 15, 2012) - New Pacific Metals Corp. (TSX VENTURE:NUX) (the "Company") is pleased to announce that it has received final approval from the Toronto Stock Exchange (the "TSX") to graduate from the TSX Venture Exchange and list its common shares on the TSX. The Company's common shares will commence trading on the TSX at the start of February 16, 2012 under the symbol "NUX".

About New Pacific Metals Corp.

New Pacific Metals Corp. is a Canadian near-term gold and silver production 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.

For more information about New Pacific, visit New Pacific's website at

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