VANCOUVER, BC, June 23, 2025 – Nicola Mining Inc. (the “Company” or “Nicola”) (NASDAQ: NICM) (TSXV: NIM) (FSE: HLIA) is pleased to announce that it has entered into a credit agreement with Blue Lagoon Resources Inc. (“Blue Lagoon”), providing Blue Lagoon with a $2 million line of credit. This facility is being offered without any security against Blue Lagoon’s mineral property or physical assets, reflecting Nicola’s confidence in Blue Lagoon’s Dome Mountain Gold Project and its near-term production plans.

The credit facility features a competitive interest rate linked to the 3-month SOFR (Secured Overnight Financing Rate), and is repayable over a 12-month term, with interest-only payments required for the first eleven months. Blue Lagoon has the option to extend the loan for an additional 12 months under adjusted terms, providing them with maximum operational flexibility.

Peter Espig, President and CEO of Nicola Mining, commented:

“We’ve worked closely with the Blue Lagoon team for some time and continue to be impressed by their methodical and disciplined approach. Successfully navigating B.C.’s rigorous permitting process, while also building a strong, trust-based relationship with the Lake Babine Nation, speaks volumes about their leadership. We are pleased to provide this credit facility and look forward to supporting their transition to gold and silver production.”

This credit agreement underscores Nicola’s commitment to supporting its partners and the advancement of responsible mining projects in British Columbia. The structure of the loan allows Blue Lagoon to access capital as needed to support production ramp-up, seize new opportunities, or manage unforeseen short-term needs—all without immediate shareholder dilution.

Should Blue Lagoon choose to draw on this facility, Nicola Mining will maintain a short-term security interest over Blue Lagoon’s gold and silver production from the Dome Mountain Gold Project until the loan is repaid in full.

Nicola remains committed to building strong, mutually beneficial relationships with its partners and stakeholders, and is proud to play a role in supporting the growth of the mining sector in British Columbia.

For additional details, readers are encouraged to review Blue Lagoon Resources’ official news release regarding the credit facility, available here: Blue Lagoon Resources News Release – June 23, 2025.

About Nicola Mining

Nicola Mining Inc. is a junior mining company listed on the TSX-V Exchange and Frankfurt Exchange that maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia. It has signed Mining and Milling Profit Share Agreements with high-grade BC-based gold projects. Nicola’s fully permitted mill can process both gold and silver mill feed via gravity and flotation processes.

The Company owns 100% of the New Craigmont Project, a property that hosts historic high-grade copper mineralization and covers an area of over 10,800 hectares along the southern end of the Guichon Batholith and is adjacent to Highland Valley Copper, Canada’s largest copper mine. The Company also owns 100% of the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease, spanning an area exceeding 2,200 hectares.

For further information, please contact:

Corporate Development
Bill Cawker
+1 (604) 649-0080
info@nicolamining.com
www.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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