Pursuant to a resolution passed by the company's directors on Oct. 21, 2023, the company has consolidated its capital on a one-new-for-two-old basis. The name of the company has not been changed.

Effective at the opening on Nov. 17, 2023, the common shares of Nicola Mining Inc. will commence trading on the TSX Venture Exchange on a consolidated basis. The company is classified as a mining (non-oil-and-gas) exploration/development company.

Postconsolidation

Capitalization:  unlimited shares with no par value, of which 160,318,549 shares are issued and outstanding

Escrow:  nil shares subject to escrow

Transfer agent:  Computershare Trust Company of Canada

Trading symbol:  NIM (unchanged)

Cusip No.:  65405R 20 3 (new)