Grant of Stock Options.

TSX.V: NI IM NEWS RE ELEASE

Grant of f Stock Opt tions.

VANCOU UVER, B.C., July 10, 2017 – Nicola M Mining Inc. (th he “Compan ny” or “Nicola a”) announce es that it has granted 2,650,00 00 stock options at an exe ercise price o of $0.175 per r share to dire ectors, consul ltants, and office ers under its S Stock Option Plan.

The Com mpany has a p policy to gran nt stock optio ons up to 5% % of its outst tanding share es and to issu ue the options on n a sixty-day volume weig ghted average price (VWAP P).

On behalf f of the Board d of Directors

“Peter Esp pig”

Peter Esp pig

CEO & D Director

For addit tional inform mation Contact: (604) 6 647-0142 or p peter@nicola amining.com m

Neither th he TSX Vent ture Exchange e nor its Reg gulation Serv vices Provide er (as that te erm is define ed in the polici ies of the TSX X Venture Ex xchange) accep pts responsib bility for the adequacy or r accuracy of f this release.