Nicola Mining Reports US$2.3 Million in August Gold Sales Through Talisker Partnership

Nicola Mining Inc. has commenced shipping gold concentrate under its Mining, Milling and Smelting Agreement with Talisker Resources Ltd., selling 707 ounces of gold in August for gross proceeds of approximately US$2.3 million. The production gains followed extensive upgrades to the company's processing facilities, including automation to enhance flotation recovery and installation of a large concentrator to optimize free gold recovery for ore from Talisker and Nicola's Dominion Gold Project.

CEO Peter Espig stated that these improvements solidify Nicola's position as a producer positioned to benefit from gold and silver prices while advancing work at its high-grade Treasure Mountain silver project. The company maintains a 100% owned mill and tailings facility near Merritt, British Columbia, which is fully permitted to process both gold and silver mill feed via gravity and flotation processes.

Nicola Mining owns 100% of the New Craigmont Project, a high-grade copper property covering 10,913 hectares along the southern end of the Guichon Batholith, adjacent to Highland Valley Copper, Canada's largest copper mine. The company also fully owns the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease spanning over 2,200 hectares. The latest news and updates relating to the company are available in its newsroom at https://ibn.fm/HUSIF.

The successful gold sales demonstrate the effectiveness of the operational upgrades and the productive nature of the partnership with Talisker Resources. This development is significant as it shows Nicola Mining's transition into a revenue-generating producer rather than just an exploration company, providing cash flow to fund further development of its other projects while taking advantage of favorable precious metal market conditions.