Nicola Mining Announces Change of Officers

TSXV: NIM

NICOLA MINING ANNOUNCES CHANGE OF OFFICERS

VANCOUVER, BC, March 22, 2024 – Nicola Mining Inc. ( TSX.V: NIM) (FSE: HLI ) (OTCQG:

HUSIF), (the “ Company” or “ Nicola”) announces that it has appointed Sam Wong as the

Company’s Chief Financial Officer and Bill Cawk er as the Company’s Se cretary in place of

Warwick Bay who resigned as the Company’s Ch ief Financial Officer and Secretary. The

Company wishes to thank Mr. Bay for his many contributions to the Company.

Sam Wong

Sam Wong is a Certified Public Accountant with more than 18 years of international experience

in the mining and resource sector. He has held senior executive positions in publicly traded

mining companies. Mr. Wong’s expertise in cludes financial reporting, corporate risk

management, corporate strategy and planning, an d investment evaluation. Mr. Wong began his

career at Deloitte LLP in Vancouver, where he provided assurance and tax services.

Bill Cawker

Bill Cawker is an experience inhouse specialist that works with primarily assist small cap / micro-

cap companies. Mr. Cawker specialized in public ly listed companies in the fields of technology

and natural resources for over three decades. Mr. Cawker has worked at leading Canadian

financial institutions and been active with numerous public companies.

About Nicola Mining

Nicola Mining Inc. is a junior mining company listed on the Exchange and Frankfurt Exchanges

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 10,084 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. The Company

also owns 100% of the Treasure Mountain Prop erty, consisting of 29 mineral tenures covering

2,178 hectares (ha) and a mining lease covering 335 ha.

On behalf of the Board of Directors

“Peter Espig”

Peter Espig

CEO & Director

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For additional information

Contact: Peter Espig

Phone: (778) 385-1213

Email: [email protected]

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