Nicola Mining Provides Operations and Exploration Update

Vancouver, British Columbia–(Newsfile Corp. – October 23, 2024) – Nicola Mining Inc. (TSX: NIM) (OTCQB: HUSIF) (FSE: HLIA) (the “Company” or “Nicola“) is pleased to announce that it has shipped concentrate produced jointly with Talisker Resources Ltd. (TSX: TSK) (OTCQX: TSKFF) (“Talisker“). The initial shipment of concentrate was for approximately 55 dry tonnes (64 wet tonnes) that contained an estimated grade of 97.75 grams gold per tonne. The Company is also pleased that concentrate grades have increased during the milling process, mainly attributed to the capturing of free gold via gravity and tabling processes. The Company had announced on April 9, 2024, that it had signed a Milling Agreement with Talisker for the processing of mill feed at Nicola’s mill site, located near Merritt, British Columbia. Nicola’s Merritt Mill is a unique $30.0 million plus milling and processing facility constructed on free-hold industrial-zoned…