Nicola Mining Announces Closing of Strategic Private Placement of $164,000

TSX.V: NIM NEWS RELEASE   VANCOUVER, B.C, MAY 31, 2016 – Nicola Mining Inc. (the “Company”) announces that it has successfully closed a private placement of $164,000 with strategic investors that were unable to participate in the recent Fourth Tranche Unit Financing, which the Company announced in its news release of May 2, 2016. The Company sold an aggregate of 2,050,000 Units for gross proceeds of $164,000. The Company did not pay any finder’s fees in connection with the private placement. Proceeds of 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 and the broker warrants, are subject to a statutory hold period expiring on September 28, 2016. On behalf of the Board of Directors “Peter Espig”                                        Peter Espig CEO & Director For additional information Contact:               Peter Espig (604) 647-0142   [email protected]   Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this...

Nicola Mining Provides Operational Update

TSX.V: NIM NEWS RELEASE   VANCOUVER, B.C, May 31, 2016 – Nicola Mining Inc. (the “Company”) is pleased to provide the following key updates on corporate operations. The Company has completed all upgrades to its fully-permitted, modern, 200 tonne per day mill facility (the “Mill”), located 14 kilometers from Merritt, British Columbia. On April 15, 2016, the Company received the required permit amendment to its mine permit M-68 (the “Amendment”) that enables it to conduct custom milling of third party material. The Amendment allows the Company to accept mill feed from third parties and execute on milling and profit share agreements by processing material at the Mill. The Company purchased an I-3 industrial zoned property for $8,000,000 and subsequently constructed the $21.6 million Mill and a fully-lined tailings facility for $1.8 million on such property. The Mill was constructed with expansion capabilities and is supported by a 500 tonne per day crushing capacity and 1.7 kVA of hydro-power, of which the current Mill only requires 0.6 kVA and its 1,300,000 gallons per day water permit. The Company prides itself on minimal environmental impact and has installed a circulation system allowing it to reuse water from its lined tailings facility. Recent upgrades include installation of a gravity jig separation system that allows the Company to separate free gold from mill feed, as well as a tabling system that allows it to further separate fine gold from gold concentrate after floatation. The Mill is capable of producing free gold concentrate, gold flotation concentrate, and silver concentrate. The Mill is ready to recommence operations, which the Company expects to occur in June,...

Nicola Mining Announces Strategic Private Placement of $164,000

TSX.V: NIM NEWS RELEASE   VANCOUVER, B.C., MAY 25, 2016 – Nicola Mining Inc. (the “Company”) announces that it plans to raise up to $164,000 with strategic investors that were unable to participate in the recent Fourth Tranche Unit Financing, which the Company announced in its news release of May 2, 2016. The current financing will be on the same terms as the Fourth Tranche. The Company intends to sell up to 2,050,000 Units for gross proceeds of up to $164,000. Each Unit will consist of one common share of the Company (each, a “Share”) and one share purchase warrant (each, a “Warrant”). Each Warrant will be exercisable into one Share at a price of $0.15 per Share for a period of two years from the date of issuance. Proceeds from the current financing will be used for general working capital. All securities issued pursuant to the current 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 Phone: (604) 647-0142 Email: [email protected] Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this...

Paul Johnston (Ph.D. Geological Sciences) Joins Board of Nicola Mining Inc.

TSX.V: NIM NEWS RELEASE   VANCOUVER, B.C., May 19, 2016 – Nicola Mining Inc. (the “Company” or “Nicola”) is pleased to announce that Dr. Paul Johnston (Ph.D. Geological Sciences) has joined the Board of Directors of Nicola.   Dr. Johnston’s extensive experience in recognizing and enhancing value-adding exploration projects will be particularly useful as the Company looks deeper into its Thule Copper Project, as well as potential acquisitions to augment its modern processing mill located 10 km outside of Merritt, BC. Dr. Johnston is known for improving the performance of exploration teams and devising successful exploration projects.   He was most recently Principal Geologist with Teck Resources Limited, and has valuable in-depth knowledge of copper, silver, and gold mineralization. The Company’s Thule Copper Project is located near Teck Resources Limited’s Highland Valley Copper’s operations, a region in which Paul has expertise. In addition, Paul will work with Nicola’s Project Geologist, Brian May, to review potential sources of mill feed and acquisitions. The Company feels that, given the significant CAPEX requirement and administrative complexities associated with receiving a mill site permit, there could be project consolidation opportunities in the future. Peter Espig, Chief Executive Officer, commented, “Paul brings an immense amount of expertise and credibility to our team and project(s). We look forward to working together closely as the Company moves forward.” The Company also announces that it has granted 1,700,000 options at of $0.11 to directors and officers under its Stock Option Plan. Thule Copper Project The Thule copper property is 100% owned by Nicola and consists of 21 mineral claims and 10 mineral leases covering approximately 10,084 hectares. Carbonate rich...

Nicola Mining Announces Closing of the Fourth Tranche of Unit Financing

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C. May 2, 2016 – Nicola Mining Inc. (the “Company”) is pleased to announce that, on April 29, 2016, it completed a fourth tranche of its previously announced private placement financing (the “Financing”) as further described in its news releases of November 19, 2015, November 24, 2015, December 7, 2015 and January 21, 2016. In connection with the closing of the fourth tranche, the Company sold an aggregate of 8,318,750 units (each, a “Unit”), at a price of $0.08 per Unit, for gross proceeds of $665,500. 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. Due to strong investor demand the Company increased its original $2,250,000 financing target, as announced on October 26, 2015, to receiving gross proceeds of $2,750,000. Proceeds from the Financing will be used for general working capital. The Company paid cash finders fees of $9,720 and issued 119,000 share purchase warrants (the “Finder’s Warrants”) to three finders in connection with certain subscriptions in the Financing. The Finder’s Warrants have the same terms as the Warrants. Two insiders of the Company subscribed a total of 1,348,750 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...