TSX.V: NIM
FSE: HLI

VANCOUVER, BC, April 28, 2021 – Nicola Mining Inc. (the “Company”) is pleased to announce that, further to its News Release of April 23, 2021, it has completed its non-brokered private placement (the “Offering”), pursuant to which it issued an aggregate of 13,333,334 shares (each, a “Share”) at a price of $0.15 per Share for gross proceeds of up to $2,000,000. There were no finder’s fees associated with the Offering.

The aggregate gross proceeds from the sale of the Offering are expected to be used for repayment of convertible debentures, general working capital, and a normal course issuer bid.

All securities issued in connection with the Offering are subject to a statutory hold period expiring four months and one day after closing of the Offering.

None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

The Company also announces that it has granted an aggregate of 300,000 stock options to an employee for the purchase of up to 300,000 common shares of the Company pursuant to its Stock Option Plan. Each option is exercisable for a period of 5 years at a price of $0.16 per common share.

On behalf of the Board of Directors

“Peter Espig”
Peter Espig
CEO & Director

For additional information contact:

Peter Espig
Telephone: 778.385.1213
Email: peter@nicolamining.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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