Nicola Mining Announces Grant of Stock Options

TSX.V: NIM

FSE: HLIA

OTCQB: HUSIF

NICOLA MINING ANNOUNCES GRANT OF STOCK OPTIONS

VANCOUVER, B.C., April 17, 2024 – Nicola Mining Inc . ( TSX.V: NIM ) (FSE: HLIA) (OTCQB:

HUSIF ), (the “ Company ” or “ Nicola ”) is pleased to announce that it has granted an aggregate of

3,000,000 stock options to certain directors, officers, employees and consultants for the purchase

of up to 3,000,000 common shares of the Company pur suant to its Equity Incentive Plan. Each

option is exercisable for a period of 5 years at a price of $0.265 per common share.

About Nicola Mining

Nicola Mining Inc. is a junior mining company liste d on the Exchange and Frankfurt Exchange

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

has signed Mining and Milling Profit Share Agreemen ts 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 10,913 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 minera l 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]

Forward-Looking Information

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

in the policies of the TSX Venture Exchange) accept s responsibility for the adequacy or

accuracy of this release.