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NIM.V ·

Nicola Mining Inc. Engages Atrium Research Corporation

Marketing Announcement

TSX.V: NIM

FSE: HLIA

OTCQB: HUSIF

NICOLA MINING INC. ENGAGES ATRIUM RESEARCH CORPORATION

VANCOUVER, BC, October 6, 2025 – Nicola Mining Inc. ( TSX.V: NIM) (FSE: HLIA) (OTCQB:

HUSIF), (the “ Company” or “ Nicola”) is pleased to announce it has engaged the services of

Atrium Research Corporation (" Atrium"), a leading company sponsored research firm. Atrium

will publish various research reports on Nicola based on publicly available information, industry

data, and discussions with management. Atrium w ill also host four recorded interviews with

Nicola’s management team to present the investment case in an interview format. In exchange

for its research services, Atrium will receive cash compensation in the amount of $2,900 per

month for the services listed above. The servic es will be provided for 24 months beginning on

October 15th, 2025. This engagement is subject to TSX Venture Exchange approval.

Atrium and the Company are arm's-length parties, and neither Atrium nor its insiders holds any

shares or options to purchase shares in the issued and outstanding capital of the Company.

ABOUT ATRIUM RESEARCH

Atrium Research provides instit utional quality company sponsore d research on public equities

in North America. Its investment philosophy take s a 3-5 year view on equities currently being

overlooked by the market. Its research proce ss emphasizes understanding the key performance

metrics for each specific company, trustworthy management teams, and an in-depth valuation

analysis. Atrium Research is wholly owned and operated by its Co-Founders, Ben Pirie and

Nicholas Cortellucci.

About Nicola Mining

Nicola Mining Inc. is a junior mining compan y listed on the Exchange and Frankfurt Exchange

that maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia. It

has signed Mining and Milling Profit Share Agreem ents with high grade gold projects. Nicola’s

fully-permitted mill can process both gold and silver mill feed via gravity and flotation processes.

The Company owns 100% of the New Craigmont Project, a high-grade copper property, which

covers an area of 10,800 hectares along the southern end of the Guichon Batholith and is adjacent

to Highland Valley Copper, Canada’s largest copper mine. The Company also owns 100% of the

Treasure Mountain Property, which include 30 mine ral claims and a mineral lease, spanning an

area exceeding 2,200 hectares.

On behalf of the Board of Directors

“Peter Espig”

Peter Espig

CEO & Director

For additional information

Contact: Peter Espig

Phone: (778) 385-1213

Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.