Nicola Mining Closes Second Tranche of Financing

TSX.V: N

NEWS R

VANCO

pleased

placemen

Novembe

$0.10 per

“Share”)

is exercis a

issuance.

the Financ

The Comp

Warrants”

Warrants

All securi

four mont

About Ni

Nicola Mi

of recom m

facility, l o

with high

gravity an

property,

About Ne

The New

permit ( M

excellent i

which th e

became t h

conductin

There are

calculatio

memo wr

Body No.

1.53% cop

sections 6

rocks.

NIM

ELEASE

NICOL

UVER, B.C.,

to announc

nt financin g (

er 27, 2018, pu

Unit, for gr

and one-half

able into on e

The Compan

cing.

pany paid ca

”) to two fi n

have the sam

ities issued i n

ths and one d

icola Mining

ining Inc. is a

mencing mil l

ocated near M

h grade gold p

nd flotation p

and an active

ew Craigmon

Craigmont P

M-68), locate

infrastructure

e latter is th e

he first grou

ng mineral exp

e currently no

ns are recor d

ritten by J.F.

. 3 containin g

pper. * This e

6565E and 80 1

LA MINING

, December

e t h a t i t ha

(the “ Financi

ursuant to wh

ross proceed s

of one share

e Share at a

ny has raised

sh finders fe e

nders in co n

me terms as th

n connection w

day after closi

a junior minin

l feed proce s

Merritt, Britis

producers. Th

processes. The

e gravel pit th

nt

Project (the “

d within th e

e. The Proper

e precursor t

up in decad e

ploration sinc

o mineral res o

ded in intern a

Bristow on O

g a historic e s

estimate assu

15E. The ma t

G CLOSES S

12, 2018 – N

as completed

ing”) as des c

hich it sold an

s of $182,00 0

purchase wa

price of $0.1 5

d a total of $9 2

es of $7,000 a

nnection wit h

he Warrants.

with the Fin a

ing of the Fina

ng company l

ssing operati o

h Columbia.

he fully-perm

e Company al

hat is located

“Property”) i s

e world-clas s

ty is at the co

to mineraliz a

es to consoli d

ce.

ource estimat

al memos an d

October 30, 1 9

stimate of 1, 2

mes a 0.7% c

terial in Bod y

ECOND TR

Nicola Minin

a second tr

cribed in its

n aggregate of

0. Each Uni t

arrant (each w

5 per Share f

25,000 from t

and issued 70

h certain su b

ancing will b e

ancing.

listed on the T

ons at its 10 0

It has alrea d

mitted mill ca

lso owns 100

adjacent to its

s a wholl y-ow

s Hi ghland

orner intersect

ation at Hi gh

date owners h

tes on the Pr o

d geological r

985 to Crai gm

290,000 tons

copper cut-of

y No. 3 cont a

RANCHE O

ng Inc. (the

anche of its

News Relea s

f 1,820,000 un

t consisted o

whole warran

for a period

the closing of

0,000 share p u

bscriptions i n

e subject to a

TSX Venture

0% owned s t

dy si gned fo u

an process bo t

% of Treasure

s milling ope

wned coppe r

Valley porp h

tion of the Ni

hland Valle y.

hip of the P r

operty. Histo

reports for P l

mont Mines L

(1,170,268 me

ff and a 20-f o

ains mineraliz

F FINANCI

“Company

previously a

ses of Nove m

nits (each, a “U

of one com m

nt, a “Warran

of two years

f the first an d

urchase warra

n the Finan c

a statutory ho

Exchange an

tate-of-the-art

ur mill profi t

th gold and s

e Mountain, a

erations.

r propert y w

hyry district

icola and Gui

In Novem b

roperty and

orical “non-N

lacer Develop

Ltd. reported

etric tonnes)

oot mining w

zation prima

ING

” or “ Nicola

announced p

mber 21, 201 8

Unit”), at a pr

mon share (e a

nt”). Each W a

s from the d

d second tranc

ants (the “ Fin

cing. The Fi n

old period ex p

nd is in the p r

t mill and t a

t share a greem

silver mill fe e

a high-grade

ith an active

. It benefits

ichon batholit

ber of 2015, N

has been a c

NI 43-101” re s

pment. An i n

d a zone kno w

of copper gr

width between

arily in silica t

a”) is

rivate

8 and

rice of

ach, a

arrant

ate of

che of

nder’s

nder’s

piring

rocess

ailings

ments

ed via

silver

mine

from

ths, of

Nicola

ctively

source

nternal

wn as

rading

n drill

te-rich

Additionally, J.F. Bristow reported in an internal memo on July 22, 1985 to Craigmont Mines Ltd., a rough

calculation of +60,000,000 pounds (1.6 million short to ns or 1.45 metric tonnes) of +1.5% copper from an

original ore estimate of 27,754,000 short tons (25,178,005 metric tonnes) of copper grading 1.79% copper

left behind in the sub-level cave. The material is from the previously mined out No.1 Body and No.2

Body.

On behalf of the Board of Directors

“Peter Espig”

Peter Espig

CEO & Director

For additional information contact:

Peter Espig

Telephone: (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.