Nicola Mining Enters Into Long-Term Mining And Milling Profit Share Agreement And Receives Final Payment For 289.381 Dry Metric Tonnes Concentrate

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C. April 6, 2017 – Nicola Mining Inc. (the “Company” or “Nicola”) is pleased to announce that it has entered into a long-term Mining and Milling Profit Share Agreement (“LT Agreement”) with Gavin Mines Inc. (“Gavin Mines”). On May 31, 2016, the Company announced that it had entered into a Milling and Profit Share Agreement with Gavin Mines. The Company subsequently announced that it had commenced milling operations on June 16, 2016. Under the original Milling and Profit Share Agreement Gavin Mines shipped approximately 5,700 tonnes of stockpile material that the Company processed and produced approximately 47,193 grams Au (1,517.3 troy ounces) and 249,628 grams Ag (8,025.7 troy ounces). Gross proceeds for the stockpile material was approximately USD $1,706,711. Whereas the original agreement focused on processing a stockpile, the four-year LT Agreement will focus on material mined from the Gavin Mine’s Dome Mountain (the “Mine Site”), which is located near Smithers, British Columbia. The LT Agreement replaces and supersedes the original 2016 agreement. Pursuant to the LT Agreement, Gavin Mines has agreed to ship up to 40,000 tonnes of mill feed per year to the Company’s 200 tonne per day mill facility (the “Mill”), located 14 kilometers from Merritt, British Columbia. On April 2016, the Company announced that it had received an amendment to its mine permit, M-68, allowing it to process third party material. Because the Mill is centrally located in British Columbia, maintains a fully-lined tailings facility and is constructed on a wholly-owned freehold mine site, it can serve as a project facilitator / consolidator for BC-based small-to-mid sized mine projects. In...