Nicola Mining Inc. Enters into GOLD Profit Share Agreement with Ama GOLD Exploration Ltd.
TSX.V: NIM
NEWS RELEASE
NICOLA MINING INC. ENTERS INTO GOLD PROFIT SHARE AGREEMENT WITH
AMA GOLD EXPLORATION LTD.
VANCOUVER, B.C., November 8, 2017 – Nicola Mining I nc. (the “Company ” or “ Nicola ”) is
pleased to announce that it has entered into a Mini ng and Milling Profit Share Agreement (the
“AMA Agreement ”) with AMA Gold Exploration (“ AMA ” or the “ Miner ”). AMA recently
received its bulk sample permit allowing it to extr act an initial 10,000 tonnes from the Dancer 3
Mineral Claim Tenure, located in the Sechelt Penins ula, Vancouver Mining Division Region.
Nicola Mining Inc. is the only mill site in British Columbia in which the entire facility and
tailings area is owned freehold and is the only mill permitted to accept gold and silver mill feed
from throughout British Columbia.
Under the AMA Agreement the Miner plans to ship mill feed with containing a minimum grade
of 12.44 grams (0.4 oz.) per tonne. The 2011 BC Ge ological Survey Assessment Report 32343,
written by David St. C. Dunn, P.Geo., highlights th at the property has paved access and hole
DDH-JR-9 intersected 2.74 metres assaying 28.02 g/t gold and 19.4 g/t silver at 8.2 metres down
hole. The Miner plans to focus on easily reachabl e material located near surface and has been
working on the property for years.
Under the AMA Agreement, the Miller will control re venues for the sale of gold and silver
concentrate and reimburse cost associated with prod uction. Operating profit will be equally
distributed between Nicola and AMA.
Nicola has recently completed approximately $1.0 MM in upgrades to the mill to enhance
production, which is expected to commence in Spring of 2018. On April 6, 2016, the Company
announced that it had entered into a Long-Term Mill ing and Profit Share Agreement (the “ LT
Agreement ”) with Gavin Mines. It was subsequently announced on May 4, 2017 that the
property has 135,131 tonnes of probable mineral res erve grading 11.2 grams Au and 100.8
grams Ag per tonne.
On behalf of the Board of Directors
“Peter Espig ”
Peter Espig
CEO & Director
For additional information Contact: info@nicolamini ng.com
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.
Disclaimer for Forward-Looking Statements
This news release contains projections and forward- looking statements that involve various risks and
uncertainties regarding future events. Such forward -looking statements are based on current expectatio ns of
management and a number of risks and uncertainties and are not guarantees of future performance of the
Company. These statements include statements regard ing the Company’s expected processing timing and
capabilities, statements regarding the milling and profit sharing agreements and statements regarding potential
future plans. There are numerous risks and uncertai nties that could cause actual results and the Compa ny’s plans
and objectives to differ materially from those expr essed in the forward-looking information, including the inability
of the Company to effect the expanded operations; t he timing of delivery of material to the Mill site; the timing
and price of delivery and processing of same; and o ther factors beyond the Company’s control. Actual results and
future events could differ materially from those an ticipated in such forward-looking statements. These and all
subsequent written and oral forward-looking stateme nts are based on estimates and opinions of manageme nt on
the dates they are made and are expressly qualified in their entirety by this notice. Except as requir ed by law, the
Company does not assume any obligation to update an y forward-looking statements in this news release s hould
circumstances or management’s estimates or opinions change.