Nicola Mining Resamples Historic Craigmont Drill Hole S-100 Intersecting 0.54% Copper Over 116.7 Metres

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C. January 23, 2017 – Nicola Mining Inc. (the “Company”) is pleased to announce results of historic and resampled diamond drill core from hole S-100. Hole S-100 was originally drilled in January 1978 on the Embayment target located on the Thule property 10 km west of Merritt, B.C. Early in January 2017, Nicola Mining Inc. geologists re-sampled S-100, an historic surface drill hole from the Craigmont Mine. This hole was drilled into the Embayment target; a target that was drill tested by Nicola Mining in their 2016 drill program with hole THU-002. The Company’s news release dated September 7, 2016 includes one Embayment Zone hole, THU-002 that intersected 1.11% Cu over 85.92m. Hole S-100 was collared approximately 65 metres southeast of THU-002 and drilled a total of 590.70 metres (1938.0 feet). Nicola Mining sampled an additional 64.49 metres (228 feet) of altered and weakly mineralized core from where original sampling stopped at 421.23 metres (1382 feet). The results of the historic sampling of S-100 include sections of 0.92% Cu over 61.9 metres within a section of 116.7 metres grading 0.54% Re-sampling S-100 entailed locating and recovering the core in from the original Craigmont core racks, re-establishing drill core depths using box footage labels and original footage blocks that remained in the core boxes. The last available core was from a hole depth of 490.73 metres (1610 feet) as indicated on the core box marking. This depth was used to verify depths from block markings on preceding core and confidently establish downhole depths of samples collected at 2 metre intervals. Hole S-100 was drilled on...

Nicola Mining Ships And Receives Payment For 296.352 Dry Metric Tonnes Concentrate Grading 97.1 Grams Gold And 535.5 Grams Silver Per Tonne

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C., January 10, 2017 – Nicola Mining Inc. (the “Company”) is pleased to announce that it has shipped to MRI Trading Ag, (the “Buyer”) 296.35 dry metric tonnes of gold and silver concentrate grading 97.116 grams Au and 535.491 grams Ag per tonne, for an aggregate total of approximately 28,780.49 grams Au (925.3 troy ounces) and 158,694.1 grams Ag (5102.1 troy ounces). The source of the mill feed that produced the concentrate is from Gavin Mines Inc. (“Gavin Mines”). Terms of the Milling and Profit Share Agreement (the “GMI Agreement”) were announced in the May 31, 2016 news release. The Company has received the intitial payment for the concentrate and will receive final payment upon grade confirmation and final processing by the smelter. The Company has distributed a portion of the proceeds to Gavin Mines under terms of the GMI Agreement. The Company also announces that it has sold Thompson Nicola Region District Lot 1608 (Kamloops Division of Yale Land District: PID: 005-729-360) to a local rancher for an aggregate amount of $75,000. The 46 acre lot, which is located on the southwestern section of Nicola’s nearly 900 acre freehold property, is removed from the Company’s milling operations and was already used by local ranchers. Peter Espig, Chief Executive Officer commented, “2016 saw the Company achieve numerous milestones through a total team effort. This year we will continue to focus on environmentally friendly operations while enhancing communications with the local community. The success of the 2016 Exploration Program (announced in the September 7, 2016 new release), which included an intersection of 1.11% copper over 85.92...

Nicola Mining Announces Completion of Flow Through Financing and Grant of Stock Options

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C., December 14, 2016 – Nicola Mining Inc. (the “Company”) is pleased to announce that it has completed its non-brokered private placement (the “Financing”) as further described in its news release of December 2, 2016. In connection with the closing of the Financing, the Company sold an aggregate of 3,500,000 units (each, a “Unit”) at a price of $0.20 per Unit for gross proceeds of $700,000. Each Unit consists of one common share of the Company (each, a “Share”), issued on a “flow-through” basis pursuant to the Income Tax Act (Canada) and one-half of one transferable common share purchase warrant (each whole warrant, a “Warrant”), with each Warrant entitling the holder to acquire one common share of the Company (each, a “Warrant Share”) at a price of $0.35 per Warrant Share for a period of three years from the closing of the Financing. The Company paid cash finder’s fees of $45,500 and issued 227,500 share purchase warrants (the “Finder’s Warrants”) to three finders in connection with certain subscriptions in the Financing. The Finder’s Warrants have the same terms as the Warrants. An Insider of the Company was issued 375,000 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 Company’s shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the...

Nicola Mining Announces Flow Through Financing

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C. December 2, 2016 – Nicola Mining Inc. (the “Company”) is pleased to announce that it will be conducting a flow-through financing pursuant to which the Company will issue up to 3,500,000 flow-through units (each, a “Flow-Through Unit”) at a price of $0.20 per Flow-Through Unit for gross proceeds of up to $700,000 (the “Offering”). Each Flow-Through Unit will consist of one common share of the Company (each, a “Flow-Through Share”), issued on a “flow-through” basis pursuant to the Income Tax Act (Canada) and one-half of one transferable common share purchase warrant (each whole warrant, a “Flow-Through Warrant”), with each Flow-Through Warrant entitling the holder to acquire one common share of the Company (each, a “Warrant Share”) at a price of $0.35 per Warrant Share for a period of three years from the closing of the Offering. Finders’ fees may be payable in connection with the Offering in accordance with the policies of the TSX Venture Exchange (the “Exchange”). All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Completion of the Offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the Exchange. The aggregate gross proceeds from the sale of the Offering will be used for further exploration on its wholly-owned Thule Project, which covers an area of 10,084 hectares along the southern end of the Guichon Batholith and is adjacent to Teck Resources Ltd.’s Highland Valley Copper, Canada’s largest copper mine. In its news release...

Nicola Mining Inc. Enters Into Exploration and Material Purchase Agreement

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C., October 3, 2016 – Nicola Mining Inc. (TSXV: NIM) (the “Company”) is pleased to announce that it has entered into an Exploration and Material Purchase Agreement (the “Agreement”) with Teck Highland Valley Copper Partnership (“HVCP”), a wholly owned subsidiary of Teck Resources Limited. Nicola Mining Inc. owns 100% of the Thule Copper Property (the “Property”) that covers 10,084 hectares along the southern end of the prolific copper-rich Guichon Batholith.  The Property is located approximately 20 kilometres south of the Highland Valley Copper mine, the largest open pit copper mine in Canada which is also located within the Guichon Batholith. The Company will work with HVCP to conduct an exploration program on the historic stockpiles on the Property in order to gather information regarding the grade and other characteristics of the stockpiled material.   Following the exploration campaigns, HVCP will have the right to purchase stockpile material mined by the Company.  The Company will carry out the exploration and mining program, and HVCP has agreed to reimburse the Company for certain costs related to the exploration and mining programs. If the mining program proceeds, HVCP will to pay the Company as follows for purchased material:  Copper Price (US$/lb)*  Price per Tonne of Bought Material (C$/Tonne)     < $3.50           $0.40      $3.50-$4.50           $0.60      > $4.50           $0.80 * Average LME copper price for the calendar quarter HVCP will purchase material on a per tonne basis, as described above.  In addition, it agrees to fund the Company for...

Nicola Mining Ships and Receives Payment for Approximately 190 Dry Metric Tonnes Concentrate

TSX.V: NIM NEWS RELEASE   VANCOUVER, B.C., September 15, 2016 – Nicola Mining Inc. (the “Company”) is pleased to announce that it has shipped to MRI Trading AG, (the “Buyer”) approximately 190 dry metric tonnes of gold and silver concentrate grading approximately 100 grams Au and 606 grams Ag per tonne, for an aggregate total of approximately – 610 troy ounces Au and 3,702 troy ounces Ag. The source of the mill feed that produced the concentrate is from Gavin Mines Inc. (“Gavin Mines”). Terms of the Milling and Profit Share Agreement (the “GMI Agreement”) were announced in the Company’s May 31, 2016 news release. The Company has received the intitial payment for the concentrate and will receive final payment upon confirmation of grade and weight. The Company has distributed a portion of the proceeds to Gavin Mines Inc. under terms of the GMI Agreement. Frank Hogel, Chairman of the Company, commented, “Nicola holds a unique position in the junior mining sector because it is able to generate cash flow yet also provide significant exploration upside, as highlighted in its September 7, 2016 exploration news release on Thule Copper Property.” Nicola Mining Inc. is a junior mining company listed on the TSX Venture 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 five mill profit share agreements with gold properties. The fully-permitted mill is able to process both gold and silver mill feed via gravity and floatation processes. The Company also owns 100% of the 10,084 hectare Thule...