Nova Pacific Metals Appoints Zachary Kotowych to Board of Directors

Rhea-AI Summary

Nova Pacific Metals (NVPCF) has appointed Zachary Kotowych to its Board of Directors. Kotowych brings nearly a decade of experience in mining and capital markets, currently serving as CEO of Troubadour Resources. His background includes corporate development roles at Abitibi Metals Corp. and equity research positions at Haywood Securities and Red Cloud Securities. He holds an M.Sc. in Geophysics and B.Sc. in Mathematics and Geology from the University of Toronto.

Additionally, the company announced the extension of 7,410,000 share purchase warrants' expiry date from May 31, 2025, to May 31, 2026. These warrants, originally issued on May 31, 2021, are exercisable at $0.40 per share.

Positive

• Appointment of experienced director with both technical and financial expertise in mining sector
• Extension of warrant expiry date provides additional time for potential capital raising

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - May 13, 2025) - Nova Pacific Metals Corp. (CSE: NVPC) (OTCQB: NVPCF) (FSE: YQ10) (WKN: A40GFH) (the "Company", or "Nova Pacific") is pleased to announce the appointment of Zachary Kotowych to its Board of Directors.

Mr. Kotowych brings nearly a decade of experience in the mining and capital markets sectors to Nova Pacific, combining technical expertise with financial acumen. He currently serves as the Chief Executive Officer, Corporate Secretary, and a Director of Troubadour Resources Inc. (TSXV: TR), a North American mineral acquisition and exploration company.

Before joining Troubadour Resources, Mr. Kotowych held corporate development roles at several junior mining companies, most recently at Abitibi Metals Corp., where he helped advance the high-grade B26 Polymetallic Deposit and the Beschefer Gold Project. His background also includes equity research roles at Haywood Securities and Red Cloud Securities, focusing on mining equities.

Mr. Kotowych's technical experience encompasses exploration work with Great Bear Resources (now part of Kinross Gold Corp.), Carlisle Goldfields (now part of Alamos Gold), and Solstice Gold. He holds a Master of Science in Geophysics and an Honours Bachelor of Science in Mathematics and Geology from the University of Toronto.

"We are thrilled to welcome Zachary to our Board of Directors," stated Sam Eskandari, Director of Nova Pacific. "His unique blend of technical knowledge and capital markets experience will be invaluable as we continue to advance our Lara VMS Project and explore new opportunities in the mining sector."

Mr. Kotowych's appointment complements Nova Pacific's active and experienced advisory board, which plays a crucial role in guiding the Company's strategic direction and exploration initiatives.

Corporate Update

Nova Pacific also announces that the Company has amended the expiry date of an aggregate of 7,410,000 share purchase warrants that were scheduled to expire on May 31, 2025 for a further one (1) year, until May 31, 3026. Each warrant was originally issued in a unit private placement that closed on May 31, 2021, which was prior to the date on which the Company's common shares were listed for trading on the Canadian Securities Exchange, and is exercisable into one common share at a price of $0.40 per share.

The Company is not planning to deliver replacement warrant certificates to the holders of the warrants, with the original certificates remaining valid until the amended expiry date.

Rights of Indigenous Communities Statement

Nova Pacific pursues early and meaningful engagement with First Nation communities to ensure our mineral exploration and development activities are well coordinated and broadly supported by addressing local priorities and concerns, while optimizing opportunities for collaboration. In particular, we seek to establish mutually beneficial partnerships with Indigenous groups within whose traditional territories our project is located. All work programs are carefully planned to achieve high levels of environmental and social performance.

About Nova Pacific

Nova Pacific is a Canadian exploration and development company focused on the Lara Volcanogenic Massive Sulfide (VMS) Project on Vancouver Island, British Columbia. Nova Pacific holds an option to acquire a 100% interest in the Lara Project. 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, 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.

For additional information please visit: www.novapacificmetals.com

On behalf of the Board of Directors

Sam Eskandari,

Director

For investor inquiries, or for further information, please contact:

Nova Pacific Metals Corp.

info@novapacificmetals.com

+1-416-918-6785

The Canadian Securities Exchange has not in any way passed upon the merits of the matters referenced herein and has neither approved nor disapproved the contents of this news release.

Forward-Looking Information

Certain statements contained in this news release may constitute forward‐looking information including, without limitation, statements regarding the Company's exploration plans. Forward‐looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward‐looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking information. The Company believes that the expectations reflected in the forward‐looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. The Company's actual results could differ materially from those anticipated in this forward‐looking information.

Forward looking information in this news release includes, but is not limited to the Company's objectives, goals or future plans, statements, exploration results, potential mineralization; the Company's plans to execute its exploration program including the start of drilling and a completion of a current mineral resource; 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 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 peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward‐looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251880

FAQ

Who is Zachary Kotowych and what is his role at Nova Pacific Metals (NVPCF)?

Zachary Kotowych has been appointed to Nova Pacific Metals' Board of Directors. He brings nearly a decade of mining and capital markets experience, currently serves as CEO of Troubadour Resources, and holds advanced degrees in Geophysics, Mathematics, and Geology from the University of Toronto.

What changes did Nova Pacific Metals (NVPCF) make to its warrants in May 2025?

Nova Pacific Metals extended the expiry date of 7,410,000 share purchase warrants from May 31, 2025, to May 31, 2026. These warrants are exercisable at $0.40 per share and were originally issued on May 31, 2021.

What is Zachary Kotowych's previous experience in the mining industry?

Kotowych previously held corporate development roles at Abitibi Metals Corp., worked in equity research at Haywood Securities and Red Cloud Securities, and has exploration experience with companies like Great Bear Resources (now part of Kinross Gold) and Carlisle Goldfields (now part of Alamos Gold).

What are Nova Pacific Metals' (NVPCF) current projects?

According to the press release, Nova Pacific Metals is currently advancing the Lara VMS Project, though specific details about the project were not provided.