Nicola Mining Announces Closing and Oversubscription of Flow- Through Unit Private Placement

TSX.V: NIM

FSE: HLIA

OTCQB: HUSIF

NICOLA MINING ANNOUNCES CLOSING AND OVERSUBSCRIPTION OF FLOW-

THROUGH UNIT PRIVATE PLACEMENT

Not for distribution to United States newswire services or for release publication, distribution

or dissemination directly, or indirectly, in whole or in part, in or into the United States.

VANCOUVER, BC, July 17, 2025 – Nicola Mining Inc. ( TSX.V: NIM ) (FSE: HLIA ) (OTCQB:

HUSIF), (the “Company” or “Nicola”) is pleased to announce that, further to its News Release

of July 4, 2025, it has completed its non-brokered private placement pursuant to which it sold an

aggregate of 4,350,000 units (each, a “ Unit”) at a price of $0.50 per Unit for gross proceeds of

$2,175,000. The Offering was oversubscribed by $175,000.

Each Unit consists of one flow-through common share (each, a “ FT Share”) and one-half of one

non-flow-through common share purcha se warrant (each whole warrant, a “ Warrant”). Each

Warrant is exercisable at a price of $0.65 and expires 2 years from the issuance date.

Each FT Share of the Company is issued on a “flow-through” basis pursuant to the Income Tax

Act (Canada) and in accordance with the policies of the TSX Venture Exchange (the “Exchange”).

The Company paid an aggregate of $147,000 to four eligible finders in connection with the

Offering.

All Shares and Warrants issued in connection wi th the Offering and any Shares issuable on

exercise of Warrants, are subject to a statut ory hold period expiring four months and one day

after closing of the Offering.

The aggregate gross proceeds from the Offering w ill be used for the further exploration on the

Company’s wholly owned New Craigmont Project.

None of the securities sold in connection with the Offering will be registered under the United

States Securities Act of 1933, as amended, and no such securities may be offered or sold in the

United States absent registration or an a pplicable exemption from the registration

requirements. This news release shall not constitu te an offer to sell or the solicitation of an

offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer,

solicitation or sale would be unlawful.

About Nicola Mining

Nicola Mining Inc. is a junior mining compan y listed on the Exchange and Frankfurt Exchange

that maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia. It

has signed Mining and Milling Profit Share Agreem ents with high grade gold projects. Nicola’s

fully-permitted mill can process both gold and silver mill feed via gravity and flotation processes.

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The Company owns 100% of the New Craigmont Project, a high-grade copper property, which

covers an area of 10,800 hectares along the southern end of the Guichon Batholith and is adjacent

to Highland Valley Copper, Canada’s largest copper mine. The Company also owns 100% of the

Treasure Mountain Property, which include 30 mi neral claims and a mineral lease, spanning an

area exceeding 2,200 hectares.

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 Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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