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Nicola Mining Inc. 
Listed Company 

BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 19, 2016
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced December 2, 2016:

Number of Shares: 3,500,000 shares

Purchase Price: $0.20 per share

Warrants: 1,750,000 share purchase warrants to purchase 1,750,000 shares

Warrant Exercise Price: $0.35 for a three year period

Number of Placees: 6 Placees

Insider / Pro Group Participation:

Insider=Y /
Name ProGroup=P # of Shares
Peter Espig Y 375,000

Finder's Fee: Redplug Capital Corp. $20,000 cash and 100,000 broker warrants payable.
2242257 Ontario Inc. $15,000 cash and 75,000 broker warrants payable.
Pollitt & Co. Inc. $10,500 cash and 52,500 broker warrants payable.
-Each broker warrant is exercisable into one common share at $0.35 for three years from closing.

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]