Nicola Mining Announces Debt Settlement

TSX.V: N

VANCOU

intends to

on Nove m

Debenture

which In t

Share equ

on the a n

has condi

and the a

2019.

The Comp

Debenture

Debenture

as if the ra

According

Interest ow

Insiders o

which wil

Protection

insiders is

section 5 .

sharehold

MI 61-101

will not e

the Intere

Debenture

The Deb t

period exp

On behalf

“Peter Es

Peter Esp

CEO & D

NIM

UVER, B.C., N

o pay all of t h

mber 21, 20 1

es mature o n

terest is pa ya

ual to the Mar

nniversary of

tionally appr

amendment t

pany intends

es to a gree t

es, it has agre

ate of interest

gly, the Comp

wing of $840,

of the Compan

ll constitute a

of Minority

s exempt fro m

.5(b) as the C

der approval r

1 in that the fa

xceed 25% of

est in Shares i

es.

Settlement i

piring on the

f of the Board

pig”

pig

Director

NICOLA M

November 14

he interest ow

14 b y the iss

n November

able annuall y

rket Price (as d

the date of i s

roved an ame

o the maturi

on paying al

to take such

eed to settle t

t was 12% for

pany intends

,10.84 (the “D

ny will be iss

a “related pa r

Security Hol d

m the valuat i

Company’s s

requirements

air market val

f the Compan

in less than 2

is sub ject to

date that is fo

d of Directors

MINING ANN

4, 2017 – Nic o

wing on the s e

uance of co m

21, 2017 an d

as to 50% i n

defined in the

ssuance of t h

ndment to th

ty d a t e o f th

l of the Intere

Shares in li e

that outstandi

the third yea

to issue 4,94

Debt Settleme

sued an aggre

rty transactio

ders in Specia

ion requireme

shares are n o

s of MI 61-101

lue of the con

ny’s market ca

21 days as th e

Exchange a p

our months a

NOUNCES D

ola Mining In

ecured conve

mmon share s

d bear intere s

n cash and 5 0

e Policies of th

he Debentures

he conversion

he Debenture

est in Shares a

eu of the ca s

ing interest p

ar of the term

1,799 Shares

ent”).

egate of 4,450,

on” within the

l Transaction s

ent of MI 61- 1

ot listed on

1 by virtue of

nsideration of

apitalization.

e payment of

pproval. Th e

and one day a

DEBT SETTLE

nc. (the “Com

ertible debentu

s (each, a “ S

st (“ Interest”

0% b y the is s

he TSX Ventu

s, being Nov

price of the D

from Nove m

and in order t

sh pa yment

payment oblig

of the Deben

at a price of $

,589 Shares p

e meaning of

s (“MI 61-1 0

101 by virtue

a specified m

f the exemptio

f the Shares to

The Compan

Interest is d u

e Shares will

after the closin

EMENT

mpany”) today

ures (the “De

Share”) of t h

”) at a rate o f

suance of Sh

ure Exchange

vember 21, 2 0

Debentures fr

mber 21, 201 7

to incentivize

originally c o

gation by the

ntures.

$0.17 per Sha

pursuant to th

f Multilateral

01”). The int e

e of the exe m

market and f

on contained

o be issued to

ny will close

ue pursuant t

be sub ject t o

ng of the Deb

y announces t

ebentures”) i

he Compan y.

f 10% per a n

ares at a pri c

e (the “Exchan

017. The Exc h

rom $0.275 to

7 to Novem b

e the holders

ontemplated i

issuance of S

are in settlem

he Debt Settle

Instrument 6

ended issua n

mption contain

from the mi n

in section 5.7

o the related p

on the paym

to the terms

o a statutor y

bt Settlement.

that it

issued

The

nnum,

ce per

nge”))

hange

o $0.22

ber 21,

of the

in the

Shares

ment of

ement,

61-101

nce to

ned in

nority

7(a) of

parties

ment of

of the

y hold

For additional information contact:

Peter Espig

Telephone: (604) 647-0142

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.

Disclaimer for Forward-Looking Information

Certain statements in this press release related to the Debt Settlement and the securities issuable

thereunder are forward-looking statements and are prospective in nature. Forward-looking statements

are not based on historical facts, but rather on current expectations and projections about future events,

and are therefore subject to risks and uncertainties which could cause actual results to differ materially

from the future results expressed or implied by the forward-looking statem ents. These statements

generally can be identified by the use of forward-looking words such as “may”, “should”, “will”,

“could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative

thereof or similar variations. Forward-looking stat ements in this news re lease include statements

regarding the settlement of the Interest, resale restrict ions relating to the secu rities to be issued and

receipt of the approval of the TSX Venture Exchange. Such statements are qualified in their entirety by

the inherent risks and uncertainties surrounding the Company’s ability to complete the Debt Settlement,

including the risk that the Debt Settlement may not be completed as expected or at all, that the TSX

Venture Exchange may not approve the Debt Settlement and such other factors beyond the control of the

Company. Such forward looking statements should therefore be construed in light of such factors, and

the Company is not under any obligation, and expressl y disclaims any intention or obligation, to update

or revise any forward looking statements, whether as a result of new information, future events or

otherwise. 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.