Nicola Mining Announces Results of Annual General Meeting and Resignation of Board Member

TSX.V: NIM

FSE: HLI

OTCBB: HUSIF

NICOLA MINING ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING AND

RESIGNATION OF BOARD MEMBER

VANCOUVER, B.C., June 17, 2022 – Nicola Mining Inc. (TSX.V: NIM) (FSE: HLI)

(the “Company”) announces that all resolutions at the Company’s Annual General Meeting, held

on June 14, 2022, were approved by the shareholders. The Compan y also announces the

resignation of Doug F. Robinson from the Board of Directors.

Peter Espig, Chief Executive Officer, commented, “We are very g rateful for the service that Mr.

Robinson has provided the Company since his joining the board in 2014.”

About Nicola Mining

Nicola Mining Inc. is a junior mining company listed on the TSX Venture 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 Agreements 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-grad e copper property, which

covers an area of 10,913 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 Property, consisting of 30 mineral tenures covering

513 hectares (ha) and a mining lease covering 335 ha.

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]

Neither the TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is

defined in the policies of the TSX Venture Exchange) accepts re sponsibility for the

adequacy or accuracy of this release.