To: Goose94 who wrote (18908 ) 8/23/2016 3:57:52 PM From: Goose94 Read Replies (1) | Respond to of 202059 Nicola Mining (NIM-V) Aug 23, '16 announces that, subject to regulatory approval, it has arranged a non-brokered private placement financing of 18,337,665 units at a price of $0.12 per Unit for gross proceeds of $2,200,519.80. Each Unit will consist of one Share and one share purchase warrant, with each Warrant entitling the holder to purchase one additional Share at a price of $0.18 per Share for a period of three years from closing. Insiders may participate in the Financing. Finders' fees may be payable in connection with the Financing in accordance with the policies of the TSX Venture Exchange (the "Exchange "). All securities issued in connection with the Financing will be subject to a statutory hold period expiring four months and one day after closing of the Financing. Completion of the Financing is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the Exchange. The proceeds of the Financing will be used for working capital purposes. Nicola Mining Inc. is a junior mining company listed on the TSX Venture Exchange, and is in the process of recommencing mill feed processing operations at its 100% owned state-of-the-art mill and tailings facility, located near Merritt, British Columbia. It has already signed four mill profit share agreements with high grade gold producers. The fully-permitted mill is able to process both gold and silver mill feed via gravity and floatation processes. The Company also owns 100% of Treasure Mountain, its high grade silver property, and a gravel pit, which is located adjacent to its milling operations. On behalf of the Board of Directors "Peter Espig " Peter Espig CEO & Director For additional information Contact: Peter Espig Phone: (604) 647-0142 Email: peter@nicolamining.com nicolamining.com