Nicola Mining completes 2025 program at Dominion

Executive Summary

• Nicola Mining Inc. has completed mine development for a 10,000-tonne bulk sample at its Dominion Gold Project, with processing planned to recommence in July 2026.
• The company delayed the initial 2025 shipment of 2,000 tonnes to the Nicola mill due to abnormally high rainfall degrading haul roads and the discovery of three additional veins during development.
• Three new veins (Midwest, West, and 16 East) were discovered alongside historically known veins (South Pit and 16 Vein), expanding the project's scope and providing five accessible open faces for future extraction.

Key Details

• Bulk Sample Plan: 10,000-tonne bulk sample planned for processing in July 2026; originally intended to ship 2,000 tonnes in 2025.
• Delay Reasons:
  • Weather: Abnormally high rainfall in August and September degraded the haul road.
  • Project Size/Discovery: Development of a landing area (lowered by ~6 meters) revealed three new veins, expanding the extraction face.
• Vein Discoveries & Characteristics:
  • South Pit Vein: Historically known; extraction commenced in 2025 after moving the landing down ~2 meters. Vein expands to ~5 meters width approx. 20 meters from entrance.
  • 16 Vein: Historically known; located ~20 meters from South Pit Vein; sampled during Oct 14, 2020 due diligence.
  • Midwest Vein (New): Located 13 meters from South Pit Vein; ~1 meter wide, exposed over 3 meters.
  • West Vein (New): Located 12 meters from Midwest Vein; ~3 meters wide, exposed over 6 meters.
  • 16 East Vein (New): Located 1.5–2 meters east of 16 Vein; ~1.5 meters wide, exposed over 40 meters.
• Sampling & Analysis: Samples from newly exposed veins sent to Paragon Geochemical (ISO 17025:2017-accredited); results pending.
• Operational Status: Five open faces now accessible from the landing, providing approx. 6 meters of strike length for extraction.
• Property History: Dominion Creek property consists of 9 mineral claims (1,058 hectares); previously explored by Noranda (1987-1990) with 53 drill holes (3,483.86 meters) and geochemical surveys.

Notable Quotes

• "We have been pleasantly surprised with the work at Dominion, which clearly indicates that the project is larger than initially anticipated. For the 2026 program, we now have five open faces that are accessible from the landing to give approximately six metres of strike length for extraction. These exposed veins also represent attractive exploration targets as they are open at depth." — Peter Espig, CEO