Nova Pacific Metals Completes Preliminary Field Reconnaissance and Enters into Marketing Agreements

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Vancouver, British Columbia--(Newsfile Corp. - October 31, 2024) - Nova Pacific Metals Corp. (CSE: NVPC) (OTCQB: NVPCF) (FSE: YQ10) (WKN: A40GFH) (the "Company", or "Nova Pacific") is pleased to announce the successful completion of the Archaeology Preliminary Field Reconnaissance (PFR) report for its Lara VMS property near Duncan, BC. The report has been submitted to the Ministry of Energy, Mines and Low Carbon Innovation as part of the Company's Notice of Work (NOW).

The field portion of the PFR was conducted on September 20, 2024, by Context Archaeology Consulting Ltd., accompanied by representatives from both Cowichan First Nations and Nova Pacific. The primary objectives of the study were to:

  • Determine the presence of archaeological sites or potential, if any, within the area of interest (AOI);

  • Identify areas with high potential to contain protected archaeological resources;

  • Record any archaeological sites; and

  • Provide recommendations for future archaeological studies.

Following a thorough assessment, Context Archaeology reported that the AOI is evaluated as having low archaeological potential. As a result, no further archaeological studies are recommended for the proposed project area.

Mr. J. Malcolm Bell, CEO of Nova Pacific, commented on the significance of this development: "The completion of the Archaeology PFR marks an important step for Nova Pacific as we advance the Lara project. This process not only ensures our compliance with regulatory requirements but also demonstrates our commitment to fostering positive relationships and accommodation with nearby aboriginal communities. We are pleased with the findings in the report and look forward to progressing our work at the Lara VMS property while maintaining our focus on responsible and respectful development."

Nova Pacific has provided the final PFR report to the Ministry of Energy, Mines and Low Carbon Innovation with copies going to First Nation communities, further underlining the Company's commitment to transparency and collaboration.

In addition, Nova Pacific announces that the Company has entered into the following marketing agreements:

Native Ads Inc. Agreement

Nova Pacific has entered into a service agreement with Native Ads Inc. ("Native Ads") dated October 30, 2024, pursuant to which Native Ads will provide a marketing campaign for a total retainer of up to US$260,000, with a term of six months or until the retainer is depleted. Under the agreement, Native Ads will execute a comprehensive digital media advertising campaign for the Company which includes content creation, web development, search engine optimization, campaign reporting and optimization.