Nova Pacific Metals: Strategic Advisory Board Boosts Exploration and Development

Nova Pacific Metals Corp. (CSE: NVPC) (OTCQB: NVPCF) (FSE: YQ10) (WKN: A40GFH) has taken a significant step towards enhancing its exploration and development efforts by establishing a Strategic Advisory Board. The company announced the appointment of two industry veterans, Dr. Tom Setterfield, PhD, P.Geo., and Mr. Scott Young, to the board, marking a crucial milestone in its growth trajectory. This strategic move is expected to bring valuable expertise, global connections, and a multifaceted approach to growth, positioning Nova Pacific for success in the competitive mining sector.

Dr. Tom Setterfield, a renowned geologist with 44 years of international exploration experience, brings a wealth of knowledge in Volcanogenic Massive Sulfide (VMS) deposits to the board. His expertise in IOCG, epithermal Au, and VMS deposit types, coupled with his extensive experience in various regions worldwide, will be invaluable in guiding Nova Pacific's exploration and development strategies for the Lara VMS Project on Vancouver Island, British Columbia. Dr. Setterfield's involvement in successful projects, such as the Maybrun VMS deposit in northwestern Ontario and the Chibougamau and Timmins camps in the Abitibi Belt, underscores his ability to recognize and develop valuable mineral deposits.

Mr. Scott Young, with his diverse background in corporate development, fundraising, and strategic planning across biotech, medtech, and natural resources, provides Nova Pacific with a multifaceted approach to growth. His extensive institutional financing network, covering North and South America, Europe, and Asia, positions the company to capitalize on global investment opportunities. Mr. Young's proven track record of delivering value over two decades aligns perfectly with Nova Pacific's ambitious growth plans, enabling the company to secure the necessary capital for exploration, development, and expansion.

The appointment of Dr. Setterfield and Mr. Young to the Strategic Advisory Board is expected to influence Nova Pacific's exploration and development strategies for the Lara VMS Project in several ways. Their combined expertise in VMS deposits, exploration, corporate development, and strategic planning will help the company:

1. Identify and evaluate potential precious metal-rich VMS deposits at the Lara project, building on the abundant historical data and the project's volcanic stratigraphy equivalent to that which hosts the giant Myra Falls VMS camp.
2. Design and execute drilling programs that target high-priority areas and maximize the chances of discovering new mineralization, leading to an updated mineral resource estimate (MRE) and a better understanding of the project's potential.
3. Prepare a Pre-Feasibility Study (PFS) for the Lara project, providing a more detailed evaluation of its economic viability and helping Nova Pacific make informed decisions about its future development.
4. Strengthen the company's commitment to environmental responsibility and strong community relationships, fostering lasting relationships with local communities and contributing to shared prosperity.

In addition to the appointment of the Strategic Advisory Board, Nova Pacific announced the repricing of warrants and its commitment to environmental responsibility and strong community relationships. The repricing of warrants from $0.50 to $0.40 per common share reduces the risk for warrant holders and potentially increases the likelihood of warrant exercise, aligning with a cautious and strategic investor's focus on risk management and value preservation. The Company's commitment to environmental responsibility and strong community relationships demonstrates its focus on long-term sustainability, stakeholder engagement, and alignment with ESG principles, all of which are attractive to strategic investors.

In conclusion, Nova Pacific Metals Corp.'s establishment of a Strategic Advisory Board, with the appointment of Dr. Tom Setterfield and Mr. Scott Young, is expected to bring valuable expertise, global connections, and a multifaceted approach to growth. Their combined experience and knowledge will help the company optimize its exploration and development efforts, accelerate its growth, and ultimately create value for its shareholders. The repricing of warrants and the Company's commitment to environmental responsibility and strong community relationships further align with the investment values of a cautious and strategic investor, making Nova Pacific an attractive potential investment in the competitive mining sector.