Nicola Mining Increases Land Package with the Acquisition of the Montwest Claim

TSX.V: NIM NEWS RELEASE   VANCOUVER, B.C. April 28, 2016 – Nicola Mining Inc. (the “Company” or “Nicola”) is pleased to announce that it has recently added an additional mineral tenure, approximately 1280 hectares, to its Thule mineral claim package. Referred to as the Montwest claim, it is situated to the west of the southern extension of the north-south trending Lornex Fault. The claim is situated within the Lower Cretaceous Spences Bridge Group, an andesitic to rhyolitic volcanic arc belt of rocks and is contiguous with the Thule land package, bringing the total size of the land package from 8,804 hectares to 10,084 hectares. The claim is accessible by a series of skid trails. The Montwest claim features a historic regional geochemical survey (RGS) stream sediment gold anomaly situated on Gordon Creek. Previous operators have attempted to locate the anomaly through soil and silt sampling to the northeast and south of the anomaly. Through work on its Thule claims, Nicola recently uncovered a large brown colour anomaly defined by a regional magnetic high. Reconnaissance prospecting of this colour anomaly located a zone of unexplored basaltic andesite outcrop to the northwest of the gold anomaly within a series of north to northeast trending gulleys. Basaltic andesite within the Spences Bridge Group is considered a permeable host to several precious metal epithermal occurrences and deposits throughout the Spences Bridge gold belt. The Company is planning a small grassroots prospecting and soil sampling program to locate the source of this anomaly, which will be conducted concurrently with a diamond drill program on its historical Thule Claims, as announced in its March 3,...

Nicola Mining Announces Increase in Unit Financing

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C.April 21, 2016 – Nicola Mining Inc. (the “Company”) announces that it is increasing the size of its non-brokered private placement (the “Financing”) announced on November 19, 2015. The Company previously disclosed that it would issue up to 28,125,000 units (each, a “Unit”) at a price of $0.08 per Unit for gross proceeds of up to $2,250,000. The Company today announces that it has increased the number of Units to be issued, such that it will issue up to 34,375,000 Units for gross proceeds of up to $2,750,000. The terms of the Units remain as announced on November 19, 2015. To date, the Company has raised a total of $2,084,500 from the closing of the first, second and third tranches of the Financing. Closing of the Financing remains subject to the approval of the TSX Venture Exchange. The Company may pay finder’s fees in connection with the issuance of the Units. The use of proceeds will be used for general working capital. All securities issued pursuant to the Financing will be subject to a statutory hold period expiring four months and one day after closing of the Financing. On behalf of the Board of Directors “Peter Espig”                                        Peter Espig CEO & Director For additional information Contact:              Peter Espig (604) 647-0142   [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...

Nicola Mining Inc. Receives Permit Amendment Approval for Custom Milling

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C., April 18, 2016 – Nicola Mining Inc. (the “Company” or “Nicola”) is pleased to announce that it has received an amendment to its M-68 Mine Permit. The amendment allows the Company to enter into third part custom milling contracts and enables it to mill up to 200 tonnes per day at its wholly-owned Craigmont Mine site, located 10 kilometers from Merritt, British Columbia. The Company’s mill is constructed on a freehold I-3 Industrial Zoned site that Nicola acquired for $8.0 MM. Nicola then constructed a new $21.0 MM processing mill and $2.0 MM fully-lined tailings facility. Nicola is capable of processing both gold and silver mill feed by utilizing gravity and floatation systems to create concentrates and is currently considering installing ovens that will allow it to pour doré bars. Nicola expects to start receiving material from Siwash Minerals Inc. (the “Miner”) in early May and plans to commence milling upon receipt of 1000 tonnes. As disclosed in the November 2, 2015 news release Miner is required to use its best efforts to transport greater than 7.08738 g/t Au to the Company’s processing facility. In addition to the Miner, the Company has entered into 3 other Milling Profit Share Agreements and continues to discuss with other high-grade gold sources. Currently, all of the Milling Profit Share Agreements are with gold-focused mining properties. Given the complexities and costs of attaining a mill site in British Columbia the Company is positioning itself as a “milling hub” for high-grade gold properties located in the province. Under the amendment to Permit M-68 the Nicola is required to...