Nicola Mining Provides Update on Plans for the 2018 Exploration Programs at the New Craigmont Project, British Columbia

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C., May 1, 2018 Nicola Mining Inc. (TSX.V: NIM), (the “Company” or “Nicola”) is pleased to provide an update on the 2018 Exploration Plan at the Company’s 100% owned New Craigmont Project, located near Merritt British Columbia. Nicola’s geological team is finalizing the 2018 Exploration Plan, which will be comprised of 4 drilling programs and a field sampling program: Waste Piles: Reverse circulation drilling (“RC Drilling”) Promontory Hill: Diamond drilling Craigmont Central: Diamond drilling Craigmont West: Diamond drilling Marb Zone: Mapping and channel sampling The finalized plan and a schedule will be released shortly upon completion. 2018 Waste Dump RC Drilling During Craigmont Mine’s operating life between 1961 and 1982, an estimated 34 million tonnes of ore was mined at an average grade of approximately 1.28% copper.  Due to falling copper prices, the mine halted operations with the understanding that it could be reopened in the future.  The Bristow Report[1] highlights that the mine was closed leaving behind an estimated 54.1 million tonnes mineralization at 0.42% Cu surrounding the historical open pit deposit and 27,754 tonnes grading 1.79% Cu left in underground section.  The report also highlights a historic cut-off grade of 0.7%, which is above cut-off grades currently applied at mines in British Columbia that can be as low as 0.15%. Waste rock from Craigmont Mine activities (not processed through the mill) has been stockpiled in terraces immediately adjacent to the historic pit and is inside the Company’s active mine permit (M-68). The size of these stockpiles is estimated to be 80 to 90 million tonnes. On September 26, 2017, the Company announced...

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:...

Nicola Mining Inc. Releases Grades on Continued Embayment Zone Expansion That Includes 71.4m of 0.6% Cu

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C., February 28, 2018 – Nicola Mining Inc. (TSXV: NIM) is pleased to provide an update on its ongoing exploration program at the Company’s 100%-owned New Craigmont Project           located in British Columbia’s Thompson-Nicola Region. The program is designed to expand the Embayment Zone along strike to the west and delimit its northern and southern boundaries. On January 12, 2018, the Company announced that it had successfully expanded the strike extent of the Embayment Skarn Zone to 400 metres and established the true width reaching 150 metres. Selected Expansion Drill Hole Highlights include: NC-2018-01 with 0.6% Copper over 71.4m, including 1.4% Copper over 16m NC-2017-01 with 0.3% Copper over 32m, including 0.6% Copper over 10m   Highlights from the 2017-2018 Winter drilling program are summarized in Table 1 below: Table.1 Assay Results for Embayment Expansion Drilling   The New Craigmont Property is host to the past-producing Craigmont Mine, a copper-iron skarn deposit located along the southern flank of the Guichon Creek Batholith, approximately 55 km south of the Highland Valley Copper Operation. The Embayment Zone is the western extension of the west-striking corridor of skarn-style alteration that hosts the Craigmont deposit. The Embayment fault offsets the continuous zone of skarn alteration and displaces the Embayment segment approximately 300 metres to the northwest of the Craigmont segment. Nicola’s Geology team has been able to trace mineralized skarn of the Embayment Zone for 400 metres laterally west from the Embayment Fault. The zone is still open at depth and to the west and additional drilling will be required to test the continuity and extent along strike and...

Nicola Receives Permitting To Commence Rc Drilling Of Wastepiles And Has Expanded Embayment Skarn Zone To 400 Metres

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C., January 12, 2018 – Nicola Mining Inc. (TSXV: NIM) has received the required permitting to commence reverse circular drilling (“RC Drilling”) on the approximate 80 – 90 million tonnes of waste piles surrounding the historic Craigmont Mine.   The Company is also pleased to announce that the 2017 Embayment Zone Exploration Program has expanded the Embayment Skarn Zone to 400 metres in strike length (east to west). On December 27, 2017 the Company announced that it had completed a non-brokered private placement of in the form of flow-through financing (“FT Financing”) at $0.20. The FT Financing, which was significantly oversubscribed, sold an aggregate of 10,262,500 shares with gross proceeds of $2,052,500. The 18,689,630 warrants that were exercisable at $0.15 all expired at the end of December 2017. Use of funds from the FT Financing are described in the December 27, 2017 news release. On December 21, 2017 the Company announced that the first four holes all successfully intersected skarn alteration, including previously untested segments of the Embayment Zone. Post news release the Company completed a fifth hole, which has intersected the skarn alteration and has now expanded the skarn zone to over 400 metres in length. The Company is currently drilling the sixth hole and will assay all the holes and release results upon receipt. During the assaying of the first six holes the Company will focus commencing an RC Drilling program on the waste piles. The 2018 RC drill program will follow up the successful results announced on September 26, 2017 with the average grade for the top 9 metres in the first...