Nicola Mining Announces Positive Reverse Circulation Drilling Results On Historic Wastepiles

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C., August 10, 2018 – Nicola Mining Inc. (the “Company”) is pleased to announce results on its 20-hole Phase 1 Reverse Circulation drill program (“Phase 1 RC Program”) completed between May 23 to June 8, 2018, at its wholly-owned New Craigmont Project, located near Merritt, British Columbia. The Phase 1 RC Program provides a simple overview of copper grade and sectional volume of the approximate 80-90 million-tonne historical wastepile surrounding the Craigmont Mine pit, as well as insight if any sections merited further exploration.  The Phase 1 RC Program also added to positive 3060-Portal RC drill results, as announced in the September 26, 2017 news release.  Given that the wastepile material was placed in benches there would be no direct mining costs associated with production. Assay results from the drill program are summarized in Diagram 1.  Highlights of the results include: An average grade of 2463 ppm Cu (0.25% Cu) over 40 metres for the deepest RC hole in the program (CC-RC-18-12) Indication of potential high-grade Cu mineralization in the southern side of the waste piles that is believed to also contain the greatest volume On October 3, 2016, the Company announced that it had entered into an Exploration and Material Purchase Agreement with Teck Highland Valley Copper Partnership (“HVCP”), a wholly owned subsidiary of Teck Resources Limited involving mine strip material (refer to Oct. 3, 2016 news release) surrounding the historic Craigmont open pit. A clear zone of interest has been found in the largest volume section of the wastepiles, which is located on the southern side of the pit.  The Phase 1...