Nicola Mining Inc. Signs Joint Venture Agreement

TSX.V: NIM NEWS RELEASE   VANCOUVER, B.C., March 30, 2016 – Nicola Mining Inc. (the “Company” or “Nicola”) is pleased to announce that it has entered into the Lower Nicola Joint Venture Agreement (the “Agreement”) with 1050214 B.C. Ltd. (the “JV Partner”). Under the Agreement, the Company and the JV Partner will participate in the continued operation and expansion of the Company’s gravel business, which is located on District Lot 4234 (Thompson Nicola Regional District: Parcel 005-729-289) (the “Property”). Currently, the Company has a royalty agreement (the “Royalty Agreement”) in place with Norgaard Ready-Mix Ltd. (“Norgaard”), a company whose products include sand and gravel aggregates, as well as ready-mix concrete. The Royalty Agreement will remain intact to allow Norgaard, which focuses on supplying its products to the Interior of British Columbia, to continue to use the Property. The JV Partner will focus on exploring and developing the gravel resource on the opposite side of Aberdeen Road with the interest of supplying aggregate to the Lower Mainland of British Columbia. The JV Partner and the Company will form a joint venture (the “LNJV”) and will work towards increasing the amount of aggregate under the current gravel pit permit, Sand and Gravel Permit #G-15-019, from 60,000 tonnes per annum to 200,000 tonnes per annum. The increase in the gravel permit, if granted, will provide both Norgaard and the LNJV with the ability to extract aggregate from the same site and meet current market demand. Prior to commencing gravel operations targeted at the Lower Mainland, the LNJV will conduct a review of the Property and submit a Sand and Gravel Notice of...

Nicola Mining Announces Closing of the Third Tranche of Unit Financing

TSX.V: NIM NEWS RELEASE   VANCOUVER, B.C., March 22, 2016 – Nicola Mining Inc. (the “Company”) is pleased to announce that it has completed a third tranche of its previously announced private placement financing (the “Financing”) as further described in its news releases of November 19, 2015, November 24, 2015 and December 7, 2016. In connection with the closing of the third tranche, the Company sold an aggregate of 2,250,000 units (each, a “Unit”), at a price of $0.08 per Unit, for gross proceeds of $180,000. Each Unit consisted of one common share of the Company (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 $2,084,500 from the closing of the first, second and third tranches of the Financing. The Company intends to complete additional tranches of the Financing in the future. 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. An insider of the Company subscribed for 1,062,500 Units under the Financing, which is a “related party transaction” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The participation of the insider in the private placement was exempt from the valuation and minority shareholder approval requirements of MI 61-101 by virtue of the exemptions contained in Sections 5.5(a) and 5.7(a) of MI 61-101 in that the fair market value of the...

Nicola Mining announces extension of closing of unit financing

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C., March 11, 2016 – Nicola Mining Inc. (the “Company”) announces that it has extended the time for the closing of the private placement (the “Financing”) it previously announced by New Releases dated November 19, 2015, November 24, 2015, December 7, 2015 and January 21, 2016 to on or before April 11, 2016. Closing remains subject to the TSX Venture Exchange approval. The Company confirms that there is no undisclosed material information. On behalf of the Board of Directors: “Peter Espig” Peter Espig CEO & Director For additional information: Contact: Peter Espig (604) 647-0142 or [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”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements in this news release include statements regarding the proceeds to be raised pursuant to the Financing, the terms of the securities issuable pursuant to the Financing, resale restrictions relating to the securities to be issued, the use of proceeds of the Financing and receipt of the approval of the TSX Venture Exchange. Such statements are qualified in their entirety by the...

Nicola Mining Inc. Plans 1,500 m Drill Program at the Thule Property

TSX.V: NIM NEWS RELEASE   VANCOUVER, B.C., March 3, 2016 – Nicola Mining Inc. (the “Company” or “Nicola”) is pleased to announce the submission of a Notice of Work for the 2016 Thule Property drill program. Drilling will focus on at least 2 known historic zones, the Embayment Block and the WP trenches zones. Nicola plans a 1,000 to 1,500m NQ sized diamond drill program to commence this summer. The Embayment Block was last drill tested by Christopher James Gold Corp in 2005. Three diamond drill holes (AB-1, AB-2, and AB-3) attempted to test the zone. One of the holes, AB-2, reached a depth of 159.4 metres and was believed to be close to the mineralized zone encountered in previous drill holes in the area. 20 feet of HW casing was left behind in the hole for future entry. Nicola Mining Inc. plans on re-entering AB-2. The drill hole is expected to be drilled to a depth of approximately 500 metres. Previous drilling, undertaken while the mine was in production, produced intersections of 490 feet of 0.41% Cu; 184 feet of 0.88% Cu; and 30 feet of 2.56% Cu. These values were reported prior to NI 43-101 standards. The WP trenches/Marb 72 zone was last actively explored by Torwest Resources in Limited the 1960’s. Previous work consisted of detailed mapping, soil sampling, magnetometer surveys and trenching. The zone was picked out by the 2012 aeromagnetic survey as a potassic high anomaly. The 2015 Exploration Program consisted of the collection of rock grab samples within the 500-metre-long trenching corridor. Mineralized structures in the zone trend north to northwest and consist...

Nicola Mining Inc. Moves Towards Commencing Milling Operations in April of 2016

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C., March 1, 2016 – Nicola Mining Inc. (the “Company” or “Nicola”) is pleased to announce that it plans to recommence milling operations at its Merritt Mill property in April, 2016. Nicola’s mill property is located on the historic Craigmont Mines site, located in south central British Columbia (10 kilometers west of Merritt, BC). Nicola’s 200 tonne per day mill will undergo modifications that will allow it to gravity separate fine free gold, prior to floating the remaining material in floatation tanks. Nicola’s mill is situated on 900 acres of freehold land, was constructed to allow floatation expansion, and is fed by a primary crushing circuit that has a 500 tonne per day capacity. The large mill building allows scalability for additional flotation tanks and gold screening units. Since May, 2010, the investment in the mill property consisted of $8.0 MM for the cost of land, $21.6 MM for the cost of the mill and related infrastructure, and $1.8 MM for the cost of the construction of a fully lined tailings facility. The Company is also exploring options to purchase equipment that will enable it to pour doré bars onsite. Initial production is expected to commence with the processing of material from Siwash Materials Inc.’s property located in the Siwash Creek Area, located approximately 8 km northeast of Yale, B.C. and approximately 90 minutes from Nicola’s mill property located near Merritt, BC. The Company announced the Siwash Mining and Milling Profit Share Agreement in a November 2, 2015 news release. Under the Siwash Agreement, the miner is required to use its best efforts to...