Mr. Peter Espig reports

NICOLA MINING INC. AND TALISKER RESOURCES LTD. ENTER INTO MILLING AGREEMENT

On April 1, 2024, Nicola Mining Inc. and Talisker Resources Ltd. signed a milling agreement. Under the agreement, Talisker may transport material to Nicola's mill site, located near Merritt, B.C. Nicola's Merritt mill is a unique, $30-million-plus milling and processing facility constructed on free-hold industrial-zoned land owned 100 per cent by the company.

Nicola's Merritt mill is the only facility in the province of British Columbia permitted to accept third party gold and silver mill feed from throughout the province.

Since 2016, Nicola has entered into several profit-sharing agreements with mining companies, including Osisko Development.

The company is in a strong position as it prepares to commence milling operations and is in the process of finalizing its 2024 exploration program at the historical Craigmont copper mine. Details of the 2024 exploration program will be released later.

Qualified person

William Whitty, PGeo, Nicola's vice-president of exploration, is the qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, for the technical disclosure contained in this news release.

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-sharing agreements with high-grade gold projects. Nicola's fully permitted mill can process both gold and silver mill feed via gravity and flotation processes.

The company owns 100 per cent of the New Craigmont project, a high-grade copper property which covers an area of 10,913 hectares along the southern end of the Guichon batholith and is adjacent to Highland Valley, 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.