Nicola samples 113.51 g/t Au at Dominion

Executive Summary

• Nicola Mining Inc. released final assay results from chip sampling of five veins at its Dominion Gold Project, with grades returning up to 113 grams per tonne (3.65 oz/t) gold.
• The sampling program targeted newly discovered veins (West, Midwest, and 16 East) and existing veins to determine if they warranted inclusion in a planned bulk sample extraction.
• While the West and Midwest veins were found to be too low-grade for the bulk sample, the 16 East vein remains open in all directions and has been followed for 40 metres at surface.
• The company announced it has provided 60 days' notice to Talisker Resources Inc. to cease accepting ore for processing at its Merritt facility.

Key Details

• Assay Highlights:
  • Highest reported grade: Up to 113 grams per tonne (3.65 oz/t) gold.
  • Pit vein sample: Spans across 2.7 metres of exposed vein; results are representative of high-grade mineralization in the veins, not the total volume of material for bulk sampling.
  • 16 East vein: Previously unknown; followed for 40 metres at surface; remains open in all directions.
  • West and Midwest veins: Previously unknown; assay results indicate grades are not high enough to be included in the bulk sample.
  • All veins remain open in all directions.
• Sampling Methodology:
  • Nine samples collected on Oct. 6 and Oct. 7 by mine manager Alan Raven and co-manager Randy Mervyn.
  • Samples collected via hammer and rock chisel, averaging 2–3.5 kilograms each.
  • Transported to Paragon Geochemical laboratory in Surrey, B.C. (ISO 17025:2017 accredited).
  • Analyzed using two-cycle PhotonAssay (lab code PA-AU02 Au).
• Project Ownership:
  • Nicola holds a 75-per-cent economic interest in the Dominion Gold Project.
  • Upon completion of the agreement terms, Nicola will own 100 per cent of the Dominion Gold Project.
• Operational Changes:
  • Nicola has provided Talisker Resources Inc. with 60 days' notice.
  • After the notice period, Nicola will no longer accept ore for processing at its Merritt facility.
• Future Plans:
  • Focus for 2026 includes bulk sample extraction and better understanding of project scale.
• Qualified Person:
  • Will Whitty, PGeo, Vice-President of Exploration, reviewed and approved the scientific and technical disclosures.

Notable Quotes

• Peter Espig, CEO: "We had expected the grades to be high, and assay results clearly confirm what we had hoped for. However, the scale and new vein discoveries were unanticipated exciting revelations of Dominion's long-term potential. During 2026, we will focus on both bulk sample extraction and better understanding of project scale."