Nicola Mining Announces Warrant Extension

TSX.V: N NIM

NIC COLA MINI ING ANNO OUNCES WA ARRANT EX XTENSION N

VANCO

OUVER, BC, July 9, 2020 0 – Nicola M Mining Inc. (the “Comp pany”) anno ounces that i it has applied t to the TSX V Venture Exc change (the “ “Exchange”

”) for an am mendment to the terms o of the 4,666,665 5 warrants (the “Warr rants”) issu ued in con nnection wi ith the Com mpany’s pr rivate placemen nt that closed on July 23 3, 2018. The Company p proposes to e extend the e expiry date o of the Warrants s from July 23, 2020 to July 23, 202

22. All other r terms of th he Warrants s will remai in the same. Th he extension n of the expir ry date is sub bject to the a approval of the Exchang ge.

On behal lf of the Board of Directo ors

“Peter Espig”

Peter Esp pig CEO & D Director

For addit tional inform mation conta act:

Peter Esp pig Telephon ne: (604) 647 7-0142 Email: pe eter@nicolam mining.com

Neither the e TSX Venture e Exchange nor its Regulation Services Pro ovider (as that term is defined d in the policies s of the TSX V Venture Exchan nge) accepts res sponsibility for r the adequacy or accuracy of f this release.