Nicola Mining Inc. Drills 73.6 Metres of 1.05% Copper (150 Metres of 0.54%) in Previously Unexplored Zone Located Within the Mineralized Historic Pit Halo

TSX.V: NIM NEWS RELEASE September 25, 2018, Vancouver, BC: Nicola Mining Inc. (TSX.V: NIM), (the “Company” or “Nicola”) is pleased to announce and confirm the presence of a previously unexplored mineralized zone north of the historic Craigmont open pit.  The near-surface zone is located within the boundaries of Nicola’s active Mine Permit M-68.  Nicola targeted the area after historic data and recent mapping from the Company’s 2017 and 2018 Exploration Programs revealed the potential of mineralization north of the pit. The second exploratory diamond drill hole (CC-18-02) targeting the northern extension of the Craigmont Pit Halo (the “Mineralized Halo”) (Figure 1) was located approximately 100 metres from the pit and intercepted 1.05% Copper over 73.6 meters.  The results confirm the existence of an in-situ mineralized halo adjacent to the Craigmont pit that is within the Craigmont Central exploration area. The mineralization within the hole appeared unique because, in addition to chalcopyrite, the presence of bornite was seen for the first time.    Bornite often occurs closer to the source of high-temperature source of copper mineralization. Intercepts from CC-18-02 include: 150 Metres grading 0.54% Cu, including 6 Metres grading 1.05% Cu 7 Metres grading 2.1% Cu 5 Metres grading 9.6% Cu and 1.5 Metres grading 9.8% Cu  Frank Hogel, Chairman commented, “It is becoming increasingly clear that this is a very special project.  The Company understands the importance of combining the zones to create one large consolidated deposit.  We look forward to providing additional exploration and operational updates in subsequent news releases.” Nicola continues to follow up by drilling additional holes to the east and west along the predicted strike orientation...

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...

Nicola Mining Announces Closing Of Non-Brokered Private Placement

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C., July 23, 2018 – Nicola Mining Inc. (the “Company”) is pleased to announce that it has completed its non-brokered private placement financing (the “Financing”) as further described in its news release of June 25, 2018. In connection with the closing, the Company sold an aggregate of 9,333,329 units (each, a “Unit”), at a price of $0.15 per Unit, for gross proceeds of $1,399,999.35. Each Unit consists of one common share of the Company (each, a “Share”) and one-half of one share purchase warrant (each whole warrant, a “Warrant”). Each Warrant is exercisable into one additional Share at a price of $0.18 per Share for a period of two years from the date of issuance. Proceeds from the Financing will be used to repay outstanding senior secured debt of approximately $656,977.27, approximately 50% of the outstanding senior secured debt, and for general working capital.  The Company has contacted the senior lender to discuss repayment of the remaining portion. The Company paid cash finders fees of $71,749.95 and issued 478,333 share purchase warrants (the “Finder’s Warrants”) to two finders in connection with certain subscriptions in the Financing. The Finder’s Warrants have the same terms as the Warrants. Peter Espig, the President, Chief Executive Officer and a director of the Company was issued 1,236,633 Units under the Financing, which constituted a “related party transaction” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The issuance to the insider is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the...

Nicola Mining Inc. Provides Exploration Update on its New Craigmont Copper Project

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C., July 19, 2018 – Nicola Mining Inc. (TSX.V: NIM), (the “Company” or “Nicola”) is pleased to announce that it has received all required permits and has commenced the 2018 diamond drilling program (the “2018 DD Program”) at its wholly-owned New Craigmont Project, located approximately 10 kilometers west of Merritt and 20 km south of the Highland Valley Operation. Following analysis of two induced polarization geophysical surveys (the “2017 IP Survey”), which were announced in November 10, 2017 and July 24, 2017 news releases, the Company has finalized initial drill hole locations (Figure 1). Finalization of initial drill hole targets was based on a comprehensive analysis of induced polarization (“IP”), mapping, historical sampling, and digitalization of historical diamond drilling results. The review also highlighted the significant scale and potential of the New Craigmont Project and the importance of developing a multi-year disciplined approach that incorporates several exploration techniques. Concurrently with the 2018 DD Program, the Company will conduct additional IP, geological mapping of key target zones, and geochemical sampling of previous and new targets. Figure 1. New Craigmont claim block with 2018 exploration target areas identified The 2018 DD Program will consist of approximately 5,500 metres, encompassing 10 initial holes in three sections: Craigmont Central, Craigmont West and East Promontory. In addition, the Company will conduct geochemical sampling and IP ground geophysics over the North Promontory zone. The areas and the exploration strategies for each are explained below. Nicola has awarded Atlas Drilling Ltd., located in Kamloops, BC, the contract for the 2018 DD Program. The two-drill program is expected to be completed in...

Nicola Mining Announces Non-Brokered Private Placement

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C., June 25, 2018 – Nicola Mining Inc. (the “Company”) announces that, subject to regulatory approval, it has arranged a non-brokered private placement financing (the “Financing”) of up to 10,000,000 units (each, a “Unit”) at a price of $0.15 per Unit for gross proceeds of up to $1,500,000.  Each Unit will consist of one common share (each, a “Share”) and one-half of one share purchase warrant (each whole warrant, a “Warrant”), with each Warrant entitling the holder to purchase one additional Share at a price of $0.18 per Share for a period of two years from closing.  Insiders may participate in the Financing. Finders’ fees may be payable in connection with the Financing in accordance with the policies of the TSX Venture Exchange (the “Exchange”). Proceeds of the Financing are planned to be used to repay senior secured debt of approximately $1,350,000 and the balance for working capital purposes. All securities issued in connection with the Financing will be subject to a statutory hold period expiring four months and one day after closing of the Financing. Completion of the Financing is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the Exchange.  Red Cloud Klondike Strike Inc. is acting as a finder in connection with the Offering. Nicola Mining Inc. is a junior mining company listed on the Exchange and is in the process of recommencing mill feed processing operations at its 100% owned state-of-the-art mill and tailings facility, located near Merritt, British Columbia. It has already signed four mill profit share agreements with high grade gold...