Nicola Mining Inc. enters into a Second Mining and Milling Profit Share Agreement

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C., June 19, 2015 – Nicola Mining Inc. (the “Company” or “Nicola”) is pleased to announce that it has entered into a second Mining and Milling Profit Share Agreement (the “Clibetre Agreement”) with Clibetre Exploration Inc. (“Clibetre” or the “Miner”). Nicola Mining Inc.’s first Mining and Milling Profit Share Agreement was announced with High Range Exploration on February 25, 2015. Under the Clibetre Agreement the Miner plans to ship mill feed that has already been extracted and is currently being stored on its property, which is located approximately 25 kilometres due west of the city of Courtenay, B.C. The mill feed is expected to be processed for gold, silver, copper, lead and zinc. The groups will initially conduct a test analysis on the Miner’s high grade gold stockpile in order to confirm grades and recovery, as well as to test recent upgrades conducted at Nicola’s mill. Under the Clibetre Agreement, the Miner plans ship stored mill feed from its wholly-owned Mt. Washington Property and ship it to Nicola for processing. Nicola intends to process the mill feed into concentrate for further shipping to a smelter or third party for sale, subject to agreements for the sale of the concentrate being entered into with smelters or third parties. Under the Agreement, Clibetre will be responsible for all costs associated with extraction and transportation to Nicola’s processing facility, which is located near Merritt, B.C., while Nicola will be responsible for all costs associated with milling operations. Upon repayment of costs, according to terms of the Agreement, the parties will equally distribute the remaining proceeds from the...