Nicola Mining Inc. Announces Pricing of Flow Through Financing

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C. December 22, 2015 – Nicola Mining Inc. (the “Company”) is pleased to announce that it will be conducting a flow-through financing pursuant to which the Company will issue up to 3,125,000 flow-through common shares (each, a “Flow-Through Share”) at a price of $0.08 per Flow-Through Share for gross proceeds of up to $250,000 (the “Offering”). In connection with the Offering, the Company will pay finder’s fees consisting of cash commissions equal to 7.0% of the gross proceeds raised under the Offering and the issuance of that number of non-transferable broker warrants (the “Broker Warrants”) equal to 7.0% of the number of Flow-Through Shares sold under the Offering. Each Broker Warrant will be exercisable into one common share of the Company, issued on a non-flow-through basis, at a price of $0.10 per share for a period of 24 months from the closing of the Offering. The aggregate gross proceeds from the sale of the Offering will be used for further exploration on its wholly-owned Thule Project, which covers an area of 8,272 hectares in the Nicola Mining Division, located 14 kilometres northwest of Merritt in southern British Columbia and adjacent to Teck Resources Ltd.’s Highland Valley Copper. The Company hopes to follow-up on the objectives and results presented in the July 7, 2015 news release. In particular, the Company plans to focus ground exploration work proximal to the MARB 72 and WP showings, and compile Craigmont Mine data from surface and underground levels. The gross proceeds from the Company from the sale of the Flow-Through Shares will be used to incur eligible Canadian Exploration...

Nicola Mining Inc. Exits CCAA

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C., December 9, 2015 – Nicola Mining Inc. (the “Company”) is pleased to announce that it has successfully fulfilled its obligations pursuant to the creditor protection proceedings under the Companies’ Creditors Arrangement Act (“CCAA”). Further to the certificate filed in the Supreme Court of British Columbia by the Court appointed Monitor of the Company under the CCAA, the Company has fulfilled the Secured Creditor Settlement Amount and distributed required payments pursuant to the plan of compromise and arrangement dated August 8, 2014 (the “CCAA Plan”) that was approved by the Supreme Court of British Columbia on October 10, 2014. Peter Espig, Chief Executive Officer, commented, “The successful implementation of the CCAA Plan and conclusion of the CCAA proceedings is a significant achievement and could only be accomplished by a total team effort. We look forward to moving beyond restructuring obligations and focusing on business initiatives.” On behalf of the Board of Directors “Peter Espig” Peter Espig CEO & Director For additional information contact: Peter Espig Telephone: (604) 647-0142 Email: [email protected] Disclaimer for Forward-Looking Information Certain statements in this press release related to the Financing and the securities issuable thereunder are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”,...

Nicola Mining Announces Closing of the Second Tranche of Unit Financing

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C., November 24, 2015 – Nicola Mining Inc. (the “Company”) is pleased to announce that it has completed a second tranche of its previously announced private placement financing (the “Financing”) as described in its News Releases of November 19, 2015 and November 24, 2015, pursuant to which it sold an aggregate of 4,431,250 units (each, a “Unit”), at a price of $0.08 per Unit, for gross proceeds of $354,500. Each Unit consisted of one common share (each, a “Share”) and one share purchase warrant (each, a “Warrant”). Each Warrant is exercisable into one Share at a price of $0.15 per Share for a period of two years from the date of issuance. The Company has raised a total of $1,904,500 from the closing of the first and second tranche of the Financing. The Company intends on completing additional tranches of the Financing. The Company did not pay any finder’s fees in connection with the Financing. Proceeds from the Financing will be used for general working capital. The securities issued under the Financing, and the shares that may be issuable on exercise of the Warrants, are subject to a statutory hold period expiring on April 5,...