New Pacific Metals Appoints Jalen Yuan as CEO and Chester Xie as CFO to Advance Bolivian Mining Projects

New Pacific Metals Corp. announced the immediate appointments of Jalen Yuan as Chief Executive Officer and Chester Xie as Chief Financial Officer. Yuan, who previously served as Interim CEO and CFO, has also joined the company's board of directors. The board cited Yuan's leadership and financial expertise as crucial for advancing New Pacific's Silver Sand and Carangas Projects in Bolivia.

Board Chair Dickson Hall welcomed both appointments and expressed appreciation to Dr. Peter Megaw, whose term as director concludes at the upcoming Annual General Meeting. The leadership changes come at a critical time for the Canadian exploration and development company as it focuses on its precious metal projects in Bolivia. New Pacific's portfolio includes the flagship Silver Sand Silver Project, the recently discovered Carangas Silver-Gold Project, and the Silverstrike Silver-Gold Project.

Yuan stated he is honored to lead the company as it continues to responsibly develop its world-class Bolivian assets for the benefit of shareholders and stakeholders. The appointments signal a strengthened leadership team capable of navigating the complex regulatory and operational challenges of developing mining projects in Bolivia. The company's latest news and updates are available in its newsroom at https://ibn.fm/NEWP.

The leadership transition occurs as global demand for silver and gold continues to grow, particularly for industrial applications and as safe-haven investments. New Pacific's Bolivian projects represent significant potential contributions to the global silver supply chain. The Silver Sand Project alone represents one of the larger undeveloped silver resources in South America, while the Carangas discovery adds substantial gold potential to the company's asset base.

These executive appointments reflect the company's commitment to advancing its projects through experienced leadership with both financial and operational expertise. The mining industry faces increasing pressure to demonstrate responsible development practices, and Yuan's emphasis on responsible development aligns with evolving stakeholder expectations. The full press release detailing these appointments can be viewed at https://ibn.fm/QnnHx.

For investors and industry observers, these leadership changes represent a strategic move to position New Pacific for successful project development and potential production. The combination of Yuan's existing familiarity with the company's operations and Xie's financial leadership creates a management team well-suited to navigate the capital-intensive process of bringing mining projects to production. The appointments come as the mining sector faces both challenges and opportunities in developing new precious metal resources to meet growing global demand.