Mr. Peter Espig reports

NICOLA MINING INC. PROVIDES $2 MILLION LINE OF CREDIT TO BLUE LAGOON RESOURCES, SUPPORTING STRATEGIC PARTNERS AND ADVANCING GOLD PRODUCTION IN BRITISH COLUMBIA

Nicola Mining Inc. has entered into a credit agreement with Blue Lagoon Resources Inc., providing Blue Lagoon with a $2-million line of credit. This facility is being offered without any security against Blue Lagoon's mineral property or physical assets, reflecting Nicola's confidence in Blue Lagoon's Dome Mountain gold project and its near-term production plans.

The credit facility features a competitive interest rate linked to the three-month SOFR (secured overnight financing rate) and is repayable over a 12-month term, with interest-only payments required for the first 11 months. Blue Lagoon has the option to extend the loan for an additional 12 months under adjusted terms, providing it with maximum operational flexibility.

Peter Espig, president and chief executive officer of Nicola Mining, commented: "We've worked closely with the Blue Lagoon team for some time and continue to be impressed by their methodical and disciplined approach. Successfully navigating B.C.'s rigorous permitting process while also building a strong, trust-based relationship with the Lake Babine Nation speaks volumes about their leadership. We are pleased to provide this credit facility and look forward to supporting their transition to gold and silver production."

This credit agreement underscores Nicola's commitment to supporting its partners and the advancement of responsible mining projects in British Columbia. The structure of the loan allows Blue Lagoon to access capital as needed to support production ramp-up, seize new opportunities or manage unforeseen short-term needs -- all without immediate shareholder dilution.

Should Blue Lagoon choose to draw on this facility, Nicola Mining will maintain a short-term security interest over Blue Lagoon's gold and silver production from the Dome Mountain gold project until the loan is repaid in full.

Nicola remains committed to building strong, mutually beneficial relationships with its partners and stakeholders and is proud to play a role in supporting the growth of the mining sector in British Columbia.

For additional details, readers are encouraged to review Blue Lagoon Resources' official news release regarding the credit facility, available on-line.

About Nicola Mining Inc.

Nicola Mining is a junior mining company listed on the TSX Venture Exchange and Frankfurt Stock Exchange that maintains a 100-per-cent-owned mill and tailings facility, located near Merritt, B.C. It has signed mining and milling profit share agreements with high-grade British Columbia-based gold projects. Nicola's fully permitted mill can process both gold and silver mill feed through gravity and flotation processes.

The company owns 100 per cent of the New Craigmont project, a property that hosts historic high-grade copper mineralization and covers an area of over 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 per cent of the Treasure Mountain property, which includes 30 mineral claims and a mineral lease, spanning an area exceeding 2,200 hectares.