Nicola Mining Announces Proposed Amendments To Subordinated Secured Convertible Debentures

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C., April 23, 2018 – Nicola Mining Inc. (the “Company” or “Nicola”) announces that it intends to amend (the “Amendment”) the secured convertible debentures (each, a “Debenture”) in the aggregate principal amount of $250,000 issued to certain subscribers as previously announced in its News Releases of November 24, 2014, August 8, 2014, May 19, 2015 and May 20, 2015. In connection with the issuance of the Debentures, the Company also issued 250,000 non-transferable common share purchase warrants (each, a “Warrant”), with each Warrant exercisable into one common share of the Company (each, a “Share”) at an exercise price of $0.375 until May 20, 2016 and at $0.50 per Share until May 20, 2019. The Debentures mature on May 20, 2018 (the “Maturity Date”) and bear interest (the “Interest”) at a rate of 10% per annum, which Interest is payable as to 50% in cash and 50% by the issuance of Shares at a price per Share equal to the market price at the time of issuance. The Debentures are also convertible into Shares a conversion price (the “Conversion Price”) of $0.275 per Share at any time, and from time to time, until the Maturity Date. The Company intends to make the following amendments to the Debentures: the Conversion Price of the Debentures be reduced from $0.275 per Share to $0.22 per Share; the Maturity Date will be extended from May 20, 2018 to May 20, 2020; and the exercise price of the Warrants be reduced from $0.50 to $0.275, with a forced conversion in the event that the Shares trade at above $0.3475 for at...

Nicola Mining Drills 100.6 Metres of 1.33% Copper and Reports on the Winter Drilling Program at the New Craigmont Project, British Columbia.

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C., April 2, 2018 Nicola Mining Inc. (TSX.V: NIM), (the “Company” or “Nicola”) is pleased to provide the results of their latest drill hole, as well as a summary of results on its 2017-2018 Winter Drilling Program (the “Program”). The Program focused on extending and defining boundaries on the Craigmont West Zone, previously referred to as the Embayment Zone at the Company’s 100%-owned New Craigmont Project, British Columbia. The name was changed from “Embayment” to “Craigmont West” to denote the westward extension of the mineralized skarn zone mined in the historic Craigmont open pit and underground mine. The program was designed to target the full width and western extent of a segment of copperiron-skarn mineralization believed to be the continuation of the mineralized zone extending west from the historic Craigmont Mine. The initial drilling results at Embayment were reported in news releases dated February 28, 2018, January 12, 2018 and December 21, 2017. Nicola has since received all results from the remaining drilling to date. Hole NC-2018-03 Highlights Hole NC-2018-03 intersected the following: 6 metres at 1.33% Cu including: § 40.2m at 2.52% Cu And 15.0m grading 5.18% Cu The results have improved the geological understanding of the area and continue to establish the width and continuity of the Craigmont West Zone. Previous Craigmont West Zone Exploration Highlights include: *71.4 metres at 0.6% Cu from hole NC-2018-01 (Released Feb. 28, 2018) including: 16m at 1.4% Cu *32 metres at 0.3% Cu from NC-2017-01 (Released Dec. 21, 2017) including: 10m at 0.6% Cu *85.6 metres at 1.1% Cu from DDH-THU-002 (Released Sept. 7, 2016) including:...