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...

Nicola Mining Inc. Intersects 1.11% Copper Over 85.92 Metres at the Thule Copper Property in Southern BC

TSX.V: NIM NEWS RELEASE   VANCOUVER, B.C., September 7, 2016 – Nicola Mining Inc. (TSXV: NIM) (the “Company” or “Nicola”) is pleased to report that significant copper mineralization has been intersected on the Thule Copper Property located 14 km northwest of Merritt, British Columbia. The Thule Copper Property covers 10,084 hectares along the southern end of the Guichon Batholith and is 100% owned by Nicola. The diamond drilling program was designed to test 3 distinct zones on the Thule Copper Property, referred to as Embayment, Titan Queen, and Eric. Total diamond drilling meterage for the 2016 program at the property was 1,084 metres in 5 holes. Copper mineralization was intersected in all 5 holes, highlighted by an intersection of 1.11% copper over 85.92 metres in THU-002, through the Embayment Zone, located approximately 1 km northwest of the past-producing Craigmont Mine. Results from the drilling program support the Embayment Zone as a fault-offset, westward continuation of the skarn zone that hosts the Craigmont deposit. A follow-up drill program will be designed to determine continuity of mineralization further west along strike and at depth from THU-002. In addition, drilling at Titan Queen Zone encountered alteration and mineralization features commonly observed in association with porphyry-style copper deposits, including the Highland Valley porphyry complex located 50 km north of Thule Property. Follow-up work will be planned to outline drill targets over a broader area and further test porphyry-style mineralization potential. Table 1. Significant drill hole intersections from the 2016 Thule Property drilling program. Drill hole   From (metres) To (metres) Intercept* (metres) Copper (%) Zone THU-001   43.70 45.72 2.00 0.32 Eric and...

Nicola Mining Announces Closing of Non-Brokered Private Placement

TSX.V: NIM NEWS RELEASE   VANCOUVER, B.C., August 25, 2016 – Nicola Mining Inc. (the “Company”) is pleased to announce that, on August 24, 2016, it completed a non-brokered private placement financing (the “Financing”) as further described in its news release of August 23, 2016. In connection with the closing, the Company sold an aggregate of 18,337,665 units (each, a “Unit”), at a price of $0.12 per Unit, for gross proceeds of $2,200,519.80. Each Unit consists of one common share of the Company (each, a “Share”) and one share purchase warrant (each, a “Warrant”). Each Warrant is exercisable into one additional Share at a price of $0.18 per Share for a period of three years from the date of issuance. Proceeds from the Financing will be used for general working capital. The Company paid cash finders fees of $29,792 and issued 248,266 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. Insiders of the Company were issued an aggregate of 933,333 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 insiders 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 exemption contained in section 5.7(a) of MI 61-101 in that the fair market value of the...

Nicola Mining Announces Non-Brokered Private Placement

TSX.V: NIM NEWS RELEASE   VANCOUVER, B.C., August 23, 2016 – Nicola Mining Inc. (the “Company”) announces that, subject to regulatory approval, it has arranged a non-brokered private placement financing (the “Financing”) of 18,337,665 units (each, a “Unit”) at a price of $0.12 per Unit for gross proceeds of $2,200,519.80. Each Unit will consist of one Share and one share purchase warrant (each, 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 three 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”). 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. The proceeds of the Financing will be used for working capital purposes. 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 four mill profit share agreements with high grade gold producers. 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 Treasure Mountain, its high grade silver property, and a gravel pit,...

Nicola Mining Commences Shipping of Gold and Silver Concentrates

TSX.V: NIM NEWS RELEASE   VANCOUVER, B.C., August 9, 2016 – Nicola Mining Inc. (the “Company”) is pleased to announce that it has commenced shipping of concentrate and entered into an offtake agreement (the “Agreement”) with MRI Trading Ag. (the “Buyer”), a company headquartered in Switzerland and a subsidiary of CWT Group, a leading global logistics and commodity marketing company. CWT Group employs approximately 6,000 people and has sales of approximately $10.0 BN annually. During the week August 1 through August 6, 2016, the Company shipped 111.28 metric tonnes (104 dry metric tonnes based on average moisture content of 6.56%) of concentrate to the Buyer’s warehouse for final sale. The Company engaged ISO 17025 accredited ALS Environmental to conduct 70 analyses of the concentrate prior to shipping. Average grading of the 104 dry tonnes concentrate was 3.243 ounces Au and 18.1 ounces Ag, for an approximate 337 ounces Au and 1877 ounces Ag. Final grades confirmation will occur after processing from the smelter. The Company will continue to ship concentrate during the week starting August 8, 2016. The material currently being processed by the Company is from Gavin Mines Inc. (“Gavin Mines”). Terms of the Milling and Profit Share Agreement (the “GMI Agreement”) were announced in the Company’s news release of May 31, 2016.   Under the GMI Agreement, the Company will produce both gravity and flotation concentrates that will be sold to third parties for production of gold doré bars. The Company and Gavin Mines expect to ship an additional 1000 – 1500 tonnes of material that is located near Dome Mountain Mine upon receipt of the First Payment....