<p>Vancouver, British Columbia--(Newsfile Corp. - June 1, 2026) - Nicola Mining Inc. (<b>NASDAQ:<a c...

<p>Vancouver, British Columbia--(Newsfile Corp. - June 1, 2026) - Nicola Mining Inc. (<b>NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/NICM">NICM</a>)</b> (<b>TSXV:<a class="ticker" href="https://www.benzinga.com/quote/NIM">NIM</a></b>) (<b>FSE: HLIA</b>), (the "<a href="https://api.newsfilecorp.com/redirect/zAGRpCy7Rv"><b>Company</b>" or "<b>Nicola</b></a>") is pleased to announce that it is in the final stages of preparation to commence gold and silver extraction operations at its Dominion Gold Project ("<b>Dominion</b>"). The high-grade gold project is located approximately 43 kilometres northeast of the Town of Wells and 110 kilometres southeast of Prince George, British Columbia. Material extracted from Dominion will be processed at the Company's wholly owned <a href="https://api.newsfilecorp.com/redirect/4YyPMUWjky">Merritt Mill</a>, the only fully permitted milling facility in British Columbia authorized to process gold and silver material sourced from throughout the province.</p><p>In anticipation of commencement of operations, the Company has advanced multiple key infrastructure, equipment, and operational initiatives, while also strengthening its reclamation profile through an additional $251,000 payment toward reclamation bonding requirements under Mines Act Permit MX-100000488<sup>[1]</sup>, as well as the following:</p><ul style="list-style-type: disc;"><li><p>Completion of the final payment for the purchase and installation of a fully furnished 14-person operational camp, including all required site facilities<sup>[2]</sup>; </p></li><li><p>Acquisition of three CATERPILLAR 336-07 excavators;</p></li><li><p>Acquisition of Traxxon TR-EX2000 High Performance Rock Drill attachment; </p></li><li><p>Securing of a John Deere 310E haul truck;</p></li><li><p>Hiring of operational crews and engagement of key mining contractor</p></li></ul><p style="text-align: center;"><b>Mill feed extraction is expected to commence first week of July</b>.</p><p>Mr. Peter Espig, CEO of Nicola Mining Inc., commented:</p><p style="margin-left: 20px;">"Dominion represents a highly compelling high-grade gold asset that we believe possesses both exceptional near-term production potential and significant long-term strategic value for Nicola. The project has consistently demonstrated robust mineralization, with vein systems remaining open in all directions and returning grades of up to 113 grams of gold per tonne (3.31 ounces of gold per tonne)<sup> [3]</sup>. As we transition toward extraction, we are particularly excited by the opportunity to establish Dominion as a meaningful and sustainable source of premium-grade mill feed for our Merritt Mill operations. Concurrently, we continue to work closely with Blue Lagoon Resources Inc., which continues to achieve important production milestones while maintaining strong operational discipline and grade control. We believe the convergence of these developments positions Nicola for a transformative period of operational growth and increasing cash flow generation."</p><p><b>Qualified Person</b></p><p>The scientific and technical disclosures included in this news release have been reviewed and approved by Will Whitty, P.Geo., who is the Qualified Person as defined by NI 43-101. Mr. Whitty is Vice President of Exploration for the Company.</p><p><b>DOMINION CREEK PROPERTY HISTORY</b></p><p>The Dominion Creek Property consists of 9 mineral claims (55 units) totaling approximately 1,058 hectares. The property was acquired from the prospector N. Kencayd by Noranda Exploration Company Ltd. in 1986. Noranda subsequently conducted geological, geochemical, and geophysical surveys which culminated in an increase in their land position. Between 1987 and 1990, Noranda's exploration program included a small (20 samples) geochemical silt sample survey. Encouraged by those results, a larger soil geochemical survey (3,399 samples) was conducted. Noranda drilled a total of 53 shallow diamond drill holes, totaling 3,483.86 meters (average depth of approximately 65.7 meters). Trenching of several coincident Pb, Zn, Cu, Ag and Au soil geochemistry anomalies resulted in the discovery of several mineralized quartz veins.  </p><p>A <a href="https://api.newsfilecorp.com/redirect/jNLJjCrEAW">Technical Report</a><sup>[4]</sup> on the Dominion Creek Project was completed by Geospectrum Engineering on August 22, 2003.</p><p><b>About Nicola Mining</b></p><p>Nicola Mining Inc. is a junior mining company listed on the NASDAQ, the TSX Venture 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 gold projects. Nicola's fully permitted mill can process both gold and silver mill feed via gravity and flotation processes.</p><p>The Company owns 100% of the New Craigmont Project, a high-grade copper property, which 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. </p><p>On behalf of the Board of Directors<br /><u>"<i>Peter Espig</i>" </u></p><p>Peter Espig<br />CEO &#38; Director</p><div id="contactInfo"><p><u>For additional information</u><br />Contact: Peter Espig<br />Phone: (778) 385-1213<br />Email: <a href="mailto:info@nicolamining.com">info@nicolamining.com</a></p></div><p><i><b>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.</b></i></p><hr style="width: 33%; margin-left: 0px; border-top: 1px solid #000000;" /><p><font style="font-size: 11px;"><sup>[1]</sup> Nicola had already paid $137,000<br /><sup>[2]</sup> July 30, 2025, news release: <a href="https://api.newsfilecorp.com/redirect/vE43WfDk5q"> Link<br /></a><sup>[3]</sup> November 10, 2025, news release:  <a href="https://api.newsfilecorp.com/redirect/Jkeb0SAjWR">Link<br /></a><sup>[4]</sup> Makepeace, D. K., 2003. Dominion Creek Project Technical Report for XMP Mining Ltd. Geospectrum Engineering, August 22.</font></p><p id="corporateNewsLogoContainer"><img src="https://images.newsfilecorp.com/files/4873/299561_cd352f0f241f4933_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" /></p><p id="corporateLinkBack">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/GzebvFyQR5">https://www.newsfilecorp.com/release/299561</a></p><p><img src="https://api.newsfilecorp.com/newsinfo/299561/197" alt="" /></p>

HUSIF

Nicola Mining to Commence Gold Production at Dominion Gold Project

Nicola Mining Advances Dominion toward July mill-feed start

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>&lt;p&gt;Vancouver, British Columbia--(Newsfile Corp. - June 1, 2026) - Nicola Mining Inc. (&lt;b&gt;NASDAQ:&lt;a c...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Nicola Mining announced that Dominion is in final stages of prep for gold and silver extraction, with mill feed expected in the first week of July. The company owns the Merritt Mill, the province’s only fully permitted facility to process gold and silver, supporting near-term production and cash flow growth. Infrastructure upgrades and reclamation bonding enhancements reflect execution momentum and longer-term value potential.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Dominion Gold Project to begin gold/silver extraction; mill feed starts in early July.</li><li>Merritt Mill is fully permitted and owned by Nicola, enabling processing of Dominion ore.</li><li>Infrastructure upgrades underway: 14-person camp, excavators, rock drill, haul truck.</li><li>Vein grades reach up to 113 g/t; supports strong near-term production potential.</li><li>Reclamation bonding increased by $251,000 under Mines Act MX-100000488.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Nicola Mining Inc. (NICM / NIM)</strong>: Advancing Dominion production; near-term cash flow potential from premium-grade mill feed.</li><li><strong>Merritt Mill (Nicola-owned milling facility) (N/A)</strong>: Fully permitted BC milling facility; enables processing of Dominion ore and supports cash flow.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. Fits as it details an operational ramp and capital deployment for a mining asset, with implications for near-term production and cash flow.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>First-week July mill-feed start provides near-term production visibility.</li><li>High-grade vein assays up to 113 g/t imply potential upside if throughput meets plan.</li><li>Nicola’s Merritt Mill ownership reduces processing bottlenecks for Dominion material.</li><li>Capital investments and higher reclamation bonding suggest ongoing execution risk and discipline.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Dominion location: ~43 km NE of Wells and ~110 km SE of Prince George, BC.</li><li>Mill feed extraction expected to commence in the first week of July.</li><li>Vein grades reported up to 113 g/t gold (3.31 oz/t).</li><li>Equipment acquisitions: 3 Caterpillar 336-07 excavators; Traxxon TR-EX2000 drill; John Deere 310E truck.</li><li>Reclamation bonding increased by $251,000 under Mines Act Permit MX-100000488; Merritt Mill fully permitted.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>If Dominion progresses as planned, HUSIF could see positive near-term exposure to gold-mining upside within its sector weights over the next 2–3 quarters.</p>
  </section>
</section>


<article>
  <section>
    <h2>Nicola Mining to Commence Gold Production at Dominion Gold Project</h2>
    <p>Nicola Mining Inc. is pleased to announce that it is in the final stages of preparation to commence gold and silver extraction operations at its Dominion Gold Project (<strong>Dominion</strong>). The high-grade project is located approximately <strong>43 kilometres</strong> northeast of the Town of Wells and <strong>110 kilometres</strong> southeast of Prince George, British Columbia. Material extracted from Dominion will be processed at the Company's wholly owned <a href="https://api.newsfilecorp.com/redirect/4YyPMUWjky"><strong>Merritt Mill</strong></a>, the only fully permitted milling facility in British Columbia authorized to process gold and silver material sourced from throughout the province.</p>
  </section>

  <section>
    <h3>Operational Readiness and Key Infrastructure Upgrades</h3>
    <p>In anticipation of commencement of operations, the Company has advanced multiple key infrastructure, equipment, and operational initiatives, while also strengthening its reclamation profile through an additional <strong>$251,000</strong> payment toward reclamation bonding requirements under Mines Act Permit MX-100000488<sup>[1]</sup>, as well as the following:</p>
    <ul>
      <li><p>Completion of the final payment for the purchase and installation of a fully furnished <strong>14-person</strong> operational camp, including all required site facilities<sup>[2]</sup>;</p></li>
      <li><p>Acquisition of three <strong>CATERPILLAR 336-07</strong> excavators;</p></li>
      <li><p>Acquisition of Traxxon TR-EX2000 High Performance Rock Drill attachment;</p></li>
      <li><p>Securing of a <strong>John Deere 310E</strong> haul truck;</p></li>
      <li><p>Hiring of operational crews and engagement of key mining contractor</p></li>
    </ul>
    <p style="text-align: center;"><strong>Mill feed extraction is expected to commence first week of July</strong>.</p>
  </section>

  <section>
    <h3>CEO Commentary on Dominion Production Potential</h3>
    <p>Mr. Peter Espig, CEO of Nicola Mining Inc., commented:</p>
    <p style="margin-left: 20px;">
      "Dominion represents a highly compelling high-grade gold asset that we believe possesses both exceptional near-term production potential and significant long-term strategic value for Nicola. The project has consistently demonstrated robust mineralization, with vein systems remaining open in all directions and returning grades of up to 113 grams of gold per tonne (3.31 ounces of gold per tonne)<sup> [3]</sup>. As we transition toward extraction, we are particularly excited by the opportunity to establish Dominion as a meaningful and sustainable source of premium-grade mill feed for our Merritt Mill operations. Concurrently, we continue to work closely with Blue Lagoon Resources Inc., which continues to achieve important production milestones while maintaining strong operational discipline and grade control. We believe the convergence of these developments positions Nicola for a transformative period of operational growth and increasing cash flow generation."
    </p>
  </section>

  <section>
    <h3>Qualified Person</h3>
    <p>The scientific and technical disclosures included in this news release have been reviewed and approved by Will Whitty, P.Geo., who is the Qualified Person as defined by NI 43-101. Mr. Whitty is Vice President of Exploration for the Company.</p>
  </section>

  <section>
    <h3>Dominion Creek Property History</h3>
    <p>The Dominion Creek Property consists of 9 mineral claims (55 units) totaling approximately 1,058 hectares. The property was acquired from the prospector N. Kencayd by Noranda Exploration Company Ltd. in 1986. Noranda subsequently conducted geological, geochemical, and geophysical surveys which culminated in an increase in their land position. Between 1987 and 1990, Noranda's exploration program included a small (20 samples) geochemical silt sample survey. Encouraged by those results, a larger soil geochemical survey (3,399 samples) was conducted. Noranda drilled a total of 53 shallow diamond drill holes, totaling 3,483.86 meters (average depth of approximately 65.7 meters). Trenching of several coincident Pb, Zn, Cu, Ag and Au soil geochemistry anomalies resulted in the discovery of several mineralized quartz veins.  </p>
    <p>A <a href="https://api.newsfilecorp.com/redirect/jNLJjCrEAW"><strong>Technical Report</strong></a><sup>[4]</sup> on the Dominion Creek Project was completed by Geospectrum Engineering on August 22, 2003.</p>
  </section>

  <section>
    <h3>About Nicola Mining</h3>
    <p>Nicola Mining Inc. is a junior mining company listed on the NASDAQ, the TSX Venture 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 gold projects. Nicola's fully permitted mill can process both gold and silver mill feed via gravity and flotation processes.</p>
    <p>The Company owns 100% of the New Craigmont Project, a high-grade copper property, which 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.</p>
  </section>

  <section>
    <p>On behalf of the Board of Directors<br /><u>"<em>Peter Espig</em>"</u></p>
  </section>

  <section>
    <p>Peter Espig<br />CEO &#38; Director</p>
  </section>

  <section>
    <div id="contactInfo">
      <p><u>For additional information</u><br />Contact: Peter Espig<br />Phone: <strong>(778) 385-1213</strong><br />Email: <a href="mailto:info@nicolamining.com">info@nicolamining.com</a></p>
    </div>
  </section>

  <section>
    <p><i><b>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.</b></i></p>
  </section>

  <hr style="width: 33%; margin-left: 0px; border-top: 1px solid #000000;" />
  <section>
    <p><font style="font-size: 11px;">
      <sup>[1]</sup> Nicola had already paid $137,000<br />
      <sup>[2]</sup> July 30, 2025, news release: <a href="https://api.newsfilecorp.com/redirect/vE43WfDk5q"> Link</a><br />
      <sup>[3]</sup> November 10, 2025, news release:  <a href="https://api.newsfilecorp.com/redirect/Jkeb0SAjWR">Link</a><br />
      <sup>[4]</sup> Makepeace, D. K., 2003. Dominion Creek Project Technical Report for XMP Mining Ltd. Geospectrum Engineering, August 22.
    </font></p>
  </section>

  <section>
    <p id="corporateNewsLogoContainer"><img src="https://images.newsfilecorp.com/files/4873/299561_cd352f0f241f4933_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" /></p>
  </section>

  <section>
    <p id="corporateLinkBack">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/GzebvFyQR5">https://www.newsfilecorp.com/release/299561</a></p>
  </section>

  <section>
    <p><img src="https://api.newsfilecorp.com/newsinfo/299561/197" alt="" /></p>
  </section>

  <section>
    
    <p><em>SEO keyword: HUSIF</em></p>
  </section>
</article>

Nicola Mining announced that Dominion is in final stages of prep for gold and silver extraction, with mill feed expected in the first week of July. The company owns the Merritt Mill, the province’s only fully permitted facility to process gold and silver, supporting near-term production and cash flow growth. Infrastructure upgrades and reclamation bonding enhancements reflect execution momentum and longer-term value potential.

Nicola Mining to Commence Gold Production at Dominion Gold Project

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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