Nicola Mining Resamples Historic Craigmont Drill Hole S-100 Intersecting 0.54% Copper Over 116.7 Metres

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C. January 23, 2017 – Nicola Mining Inc. (the “Company”) is pleased to announce results of historic and resampled diamond drill core from hole S-100. Hole S-100 was originally drilled in January 1978 on the Embayment target located on the Thule property 10 km west of Merritt, B.C. Early in January 2017, Nicola Mining Inc. geologists re-sampled S-100, an historic surface drill hole from the Craigmont Mine. This hole was drilled into the Embayment target; a target that was drill tested by Nicola Mining in their 2016 drill program with hole THU-002. The Company’s news release dated September 7, 2016 includes one Embayment Zone hole, THU-002 that intersected 1.11% Cu over 85.92m. Hole S-100 was collared approximately 65 metres southeast of THU-002 and drilled a total of 590.70 metres (1938.0 feet). Nicola Mining sampled an additional 64.49 metres (228 feet) of altered and weakly mineralized core from where original sampling stopped at 421.23 metres (1382 feet). The results of the historic sampling of S-100 include sections of 0.92% Cu over 61.9 metres within a section of 116.7 metres grading 0.54% Re-sampling S-100 entailed locating and recovering the core in from the original Craigmont core racks, re-establishing drill core depths using box footage labels and original footage blocks that remained in the core boxes. The last available core was from a hole depth of 490.73 metres (1610 feet) as indicated on the core box marking. This depth was used to verify depths from block markings on preceding core and confidently establish downhole depths of samples collected at 2 metre intervals. Hole S-100 was drilled on...

Nicola Mining Ships And Receives Payment For 296.352 Dry Metric Tonnes Concentrate Grading 97.1 Grams Gold And 535.5 Grams Silver Per Tonne

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C., January 10, 2017 – Nicola Mining Inc. (the “Company”) is pleased to announce that it has shipped to MRI Trading Ag, (the “Buyer”) 296.35 dry metric tonnes of gold and silver concentrate grading 97.116 grams Au and 535.491 grams Ag per tonne, for an aggregate total of approximately 28,780.49 grams Au (925.3 troy ounces) and 158,694.1 grams Ag (5102.1 troy ounces). The source of the mill feed that produced the concentrate is from Gavin Mines Inc. (“Gavin Mines”). Terms of the Milling and Profit Share Agreement (the “GMI Agreement”) were announced in the May 31, 2016 news release. The Company has received the intitial payment for the concentrate and will receive final payment upon grade confirmation and final processing by the smelter. The Company has distributed a portion of the proceeds to Gavin Mines under terms of the GMI Agreement. The Company also announces that it has sold Thompson Nicola Region District Lot 1608 (Kamloops Division of Yale Land District: PID: 005-729-360) to a local rancher for an aggregate amount of $75,000. The 46 acre lot, which is located on the southwestern section of Nicola’s nearly 900 acre freehold property, is removed from the Company’s milling operations and was already used by local ranchers. Peter Espig, Chief Executive Officer commented, “2016 saw the Company achieve numerous milestones through a total team effort. This year we will continue to focus on environmentally friendly operations while enhancing communications with the local community. The success of the 2016 Exploration Program (announced in the September 7, 2016 new release), which included an intersection of 1.11% copper over 85.92...