Nicola Mining Announces Completion And Positive Results From Reverse Circulation Drilling On Portal-3060

TSX.V: NIMNEWS RELEASE March 01, 2019, Vancouver, BC – Nicola Mining Inc. (the “Company”) is pleased to announce final results on its 39-hole Reverse Circulation drill program on the 3060-Portal (“3060 RC Program” (Table 1). This program is designed to evaluate the copper equivalent grade and volume of historical material excavated from underground workings of the Craigmont Mine and piled at 3060-Portal (Figure 1). These results confirm significant grades of copper and magnetite, which are combined to create a copper equivalent (“CuEq”)[1]. The historical mine terraces, which equate to approximately 80-90 million-tonnes, surrounding the Craigmont Mine Open pit (Figure 2) and 3060-Portal benefit from having previously incurred all costs associated with mining, which is greater than 50% of the cost of production[2]. The Company previously announced positive 3060-Portal RC drill results, however these results did not incorporate the CuEq contribution from magnetite[3]. The second phase of RC drilling, conducted in 2018, use an updated CuEq calculation[4] for both 2017 and 2018 RC drill holes. The highlights of these results include: An average grade of 2424 ppm Cu and 0.4% CuEq for the 39 drill holesAn average grade of 9095 ppm Cu (1.03% Cu) and 1.08% CuEq for Hole CC-RC-18-63An average grade of 10,332 ppm Cu (1.03% Cu) and 1.27% CuEq for Hole P-34An average grade of 8632 ppm Cu (0.86% Cu) and 1.03% CuEq for Hole P-72 Assay results from the drill program are summarized in Table 1. All results are calculated from surface. Table 1: Composite of Reverse Circulation (“RC”) Drill Results at Portal 3060 Figure 1: Map of Reverse Circulation (“RC”) drill locations proximal to the 3060...