Mr. Peter Espig reports

NICOLA MINING RECEIVES FIVE YEAR MINE LIFE EXTENSION FOR ITS FLAGSHIP COPPER PROJECT NEW CRAIGMONT PROPERTY

Nicola Mining Inc. has received six mining lease extensions for five years from the Ministry of Mining and Critical Minerals. The six mining lease extensions -- 237642 to 237647 -- extend its wholly owned New Craigmont property for five years, which is located adjacent to Teck Resources Ltd.'s Highland Valley Copper, Canada's largest copper mine.

The mine lease extensions hold significant value for the company's over 10,800-hectare project, which is the location of Canada's highest grade historic copper mine.

Peter Espig, chief executive officer of Nicola, commented: "This year we have actively conducted exploration that was not focused on skarn, but vectoring towards a porphyry system. Maintaining mine permits (M-68) and garnering mine lease extensions can significantly expedite a projected moving from exploration to operation. At Nicola, we have, and will continue to, work diligently on environmental, consultation and maintaining permits in good standing."

About Nicola Mining Inc.

Nicola Mining is a junior mining company 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 gold projects. Nicola's fully permitted mill can process both gold and silver mill feed via gravity and flotation processes.