Nicola Mining Announces Non-Brokered Private Placement

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TSX.V: NIM

NEWS RELEASE

NICOLA MINING ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

VANCOUVER, B.C., June 25, 2018 – Nicola Mining Inc. (the “ Company ”) announces that, subject to

regulatory approval, it has arranged a non-brokered private placement financing (the “Financing ”) of up

to 10,000,000 units (each, a “ Unit ”) at a price of $0.15 per Unit for gross proceeds of up to $1,500,000.

Each Unit will consist of one common share (each, a “ Share ”) and one-half of one share purchase warrant

(each whole warrant, a “ Warrant ”), with each Warrant entitling the holder to purch ase one additional

Share at a price of $0.18 per Share for a period of two years from closing. Insiders may participate in the

Financing.

Finders’ fees may be payable in connection with the Financing in accordance with the policies of the T SX

Venture Exchange (the “ Exchange ”).

Proceeds of the Financing are planned to be used to repay senior secured debt of approximately

$1,350,000 and the balance for working capital purposes.

All securities issued in connection with the Financ ing will be subject to a statutory hold period expi ring

four months and one day after closing of the Financ ing. Completion of the Financing is subject to a

number of conditions, including, without limitation , receipt of all regulatory approvals, including

approval of the Exchange. Red Cloud Klondike Strik e Inc. is acting as a finder in connection with the

Offering.

Nicola Mining Inc. is a junior mining company liste d on the Exchange and is in the process of

recommencing mill feed processing operations at its 100% owned state-of-the-art mill and tailings facility,

located near Merritt, British Columbia. It has alre ady signed four mill profit share agreements with h igh

grade gold producers. The fully-permitted mill can process both gold and silver mill feed via gravity and

flotation processes. The Company also owns 100% of Treasure Mountain, its high-grade silver property,

and an active gravel pit that is located adjacent to its milling operations.

On behalf of the Board of Directors

“Peter Espig ”

Peter Espig

CEO & Director

For additional information

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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.