Nicola Mining Announces Proposed Amendments to Secured Convertible Debentures

TSX.V: N

NEWS RE

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that it i

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into one

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(the “Inte

the issuan

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however,

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Company

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manner.

On behal

“Peter Esp

Peter Esp

CEO & D

NIM

ELEASE

ICOLA MIN

UVER, B.C.,

ntends to a

ure”) in th e

ly announced

connection w

ble commo n

common s h

er 21, 2015 an

bentures m a

erest”) at a r a

nce of Shar e

entures are

er Share at an

wing amend

he Conversio

he Maturity D

ll of the 7,00 0

onnection wi

terms of the

X Venture Ex

he subscriber

ered a “rela t

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ed to be a “r

, is exempt f

ments of MI 61

pany are list

value of th e

y’s market c

ment being ap

f of the Board

pig”

pig

Director

NING ANN

C

August 29, 2

amend (the

e aggregate

d in its Ne w

with the iss u

n share purc h

hare of the C

nd at $0.50 pe

ature on N

ate of 10% p

s at a price p

also conver t

ny time, and f

ments will b

on Price will b

Date will be e

0,882 Warran

ith the Deben

e Debentures

xchange (the

rs, Peter Esp i

ted part y” w

lders in Spec i

elated party

from the va l

1-101 by virtu

ed on a spe c

e amendme n

apitalization

pproved beca

d of Director

NOUNCES P

CONVERTI

2017 – Nicola

“Amendme

principal a m

ws Releases o

uance of the

hase warran t

Company ( e

er Share unti

November 2 1

er annum, w

per Share e q

tible into S h

from time to

e made to th

be reduced to

extended fro

nts (represen

ntures will be

shall remain

“Exchange”

ig, the Com p

within the m

ial Transacti o

transaction”

luation requ i

ue of the exe

cified market

nt or consi d

n. This Ne w

ause the Com

rs

PROPOSED

IBLE DEBEN

a Mining Inc.

ent”) the s e

mount of $7 ,

of November

Debentures,

ts (each, a “ W

each, a “ Sha

il November

1, 2017 (th e

which Interes

qual to the m

hares a conv

time, until th

he Debenture

o $0.22 from

om Novembe

nting 3.0% on

e cancelled.

n the same. T

).

pany’s Presid

meaning of M

ons (“MI 61

” within the

irement an d

emptions con

t and 5.7(1)( a

deration for

ws Release i s

mpany wishe

AMENDM

NTURES

. (the “Comp

ecured con v

7,000,882 iss u

r 24, 2014, A

, the Compa

Warrant”), w

are”) at an e

21, 2018.

e “ Maturity

st is payable

market price o

version price

he Maturity

es:

$0.275;

er 21, 2017 to

n a fully dilu

The Amendm

dent, Chief E

Multilateral I n

1-101”) and

meaning of

d from the m

ntained in sec

a) of MI 61- 1

r the amen d

s bein g filed

es to complet

MENTS TO S

pany” or “Ni

vertible de b

ued to cert a

August 25, 2 0

any also issu

with each W

exercise pri c

y Date ”) a n

as to 50% i n

of the at the

(the “ Conv

Date.

November 2

uted basis) th

ment is subje

Executive Off

nstrument 6 1

the Amend m

MI 61-101.

minority sha r

ctions 5.5(b)

101 in that n

dment exce e

less than 2 1

te the Amend

SECURED

icola”) annou

bentures (ea c

ain subscrib e

014 and Au g

ed 7,000,88 2

arrant exerc i

ce of $0.275

nd bear i n

n cash and 5 0

e time of iss u

version Pric e

21, 2019; and

hat were issu

ect to the app

ficer and dir

1-101 Protect

ment is the r

The Amendm

reholder ap p

as no securit

neither the t h

eded 25% o

1 da ys befo r

dment in a t i

unces

ch, a

ers as

ust 8,

2 non-

isable

until

nterest

0% by

uance.

e”) of

ued in

proval

rector,

tion of

refore

ment,

proval

ties of

he fair

of the

re the

imely

For additional information

Contact: (604) 647-0142 or [email protected]

Disclaimer for Forward-Looking Information

This news release contains forward-l ooking information that involve variou s risks and uncertainties regarding

future events. Such forward-looking information can incl ude without limitation statements based on current

expectations involving a number of risks and uncertainties and are not guarantees of future performance of Nicola,

such as statements that Nicola intends to amend th e terms of the Debenture. There are numerous risks and

uncertainties that could cause actual results and Nicola’s plans and objectives to differ materially from those

expressed in the forward-looking information, including: (i) adverse market conditions; or (ii) the Exchange not

approving the Amendment. Actual results and future events could differ materia lly from those anticipated in such

information. These and all subsequent written and oral forward-looking information are based on estimates and

opinions of management on the dates they are made and are expressly qualified in their entirety by this notice.

Except as required by law, Nicola does not intend to update these forward-looking statements.

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.