Correction ON Qualified Person FOR November 9, 2020

TSX.V: NIM

CORRECTION ON QUALIFIED PERSON FOR NOVEMBER 9, 2020 NEWS RELEASE

VANCOUVER, B.C., November 12, 2020 – Nicola Mining Inc. (TSX.V: NIM ) (FSE: HLI ), (the

“Company ” or “ Nicola ”) would like to clarify that the qualified person reviewing the news release

issued on November 9, 2020 was Kevin Wells P.Geo, a consulting geologist to the Company, is

the independent qualified person as defined by Nati onal Instrument 43-101 - Standards of

Disclosure for Mineral Projects for the technical disclosure contained in this news release and not

Michael Frye.

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 facil ity, located near Merritt, British Columbia. It

has already signed four mill profit share agreement s with high grade gold producers. The fully

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

Company also owns 100% of the New Craigmont Project, a high-grade copper property, and an

active gravel pit that is located adjacent to its milling operations.

About Treasure Mountain Property

Nicola Mining Inc. owns 100% of the Treasure Mountain Property, an approximately 7,000-acre

silver deposit consisting of: 51 mineral tenures, comprising 21 legacy claims: 100 cell units, and

five crown grants for a total of approximately 2,850 hectares.

The Company continues to maintain the option of reopening Level 1 in order to extract silver mill

feed from Stope 2 and continues to monitor silver p rices prior to reconsidering reopening the

mine . The Property also has 3 highly prospective targets:

1. MB Zone located approximately 1.5km from the und erground mine workings on the

undrilled Northern slope of the mountain.

2. JK Vein/Eastern Zone located approximately 1.0 km from the underground mine workings.

3. Jensen Portal located approximately 100 m west o f the Level 3 Portal and previously

mined in the 1920’s.

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.