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Nicola Mining Provides Update on Dominion Gold Project

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Nicola Mining (OTCQB: HUSIF) completed 2025 mine development at the Dominion Creek project and finished all work required for a 10,000‑tonne bulk sample planned to restart in July 2026. The company delayed shipping up to 2,000 tonnes to the Nicola mill until 2026 due to abnormally high August–September rainfall and haul‑road concerns. During development the Landing was lowered by approximately 6 metres, extraction advanced ~2 metres into the South Pit Vein (which widens to ~5 metres ~20m in) and three new veins (Mid‑West, West, 16 East) were exposed. Samples were submitted to an ISO 17025 lab; results are pending.

Nicola Mining (OTCQB: HUSIF) ha completato lo sviluppo della miniera nel 2025 al progetto Dominion Creek e ha ultimato tutto il lavoro necessario per una campione in bulk da 10.000 tonnellate prevista per il riavvio nel luglio 2026. L'azienda ha rinviato la spedizione fino a 2.000 tonnellate alla Nicola mill fino al 2026 a causa di piogge eccezionalmente elevate agosto-settembre e preoccupazioni relative alle strade di trasporto. Durante lo sviluppo, il Landing è stato abbassato di circa 6 metri, l'estrazione è avanzata di ~2 metri nel South Pit Vein (che si allarga a ~5 metri su ~20 m) e sono state esposte tre nuove vene (Mid-West, West, 16 East). I campioni sono stati inviati a un laboratorio ISO 17025; i risultati sono in attesa.

Nicola Mining (OTCQB: HUSIF) completó el desarrollo de la mina en 2025 en el proyecto Dominion Creek y terminó todo el trabajo requerido para una muestra a granel de 10,000 toneladas prevista para reiniciarse en julio de 2026. La compañía pospuso el envío de hasta 2,000 toneladas a la planta Nicola hasta 2026 debido a lluvias excepcionalmente altas en agosto-septiembre y preocupaciones sobre las carreteras de transporte. Durante el desarrollo, Landing se redujo aproximadamente en 6 metros, la extracción avanzó ~2 metros en la South Pit Vein (que se ensancha a ~5 metros a ~20 m) y se expusieron tres nuevas venas (Mid-West, West, 16 East). Las muestras fueron enviadas a un laboratorio ISO 17025; los resultados están pendientes.

Nicola Mining (OTCQB: HUSIF) 은 Dominion Creek 프로젝트에서 2025년 채굴 개발을 완료하고 재착수 예정인 10,000톤 벌크 샘플에 필요한 모든 작업을 마쳤습니다. 재가동은 2026년 7월로 예정되어 있습니다. 회사는 2,000톤까지 Nicola 공장으로의 선적을 2026년까지 지연시켰으며, 이는 8~9월 폭우가 비정상적으로 많고 도로 운송 여건에 대한 우려 때문이었습니다. 개발 중 Landing은 약 6미터 내려갔고, 남쪽 광맥(South Pit Vein)에서 채굴은 약 2미터 진행되어 남부 광맥은 약 20m 안쪽으로 폭이 약 5미터로 확장되었습니다. 또한 세 개의 새로운 광맥인 Mid-West, West, 16 East가 노출되었습니다. 샘플은 ISO 17025 실험실에 제출되었으며, 결과를 기다리는 중입니다.

Nicola Mining (OTCQB: HUSIF) a terminé le développement minier de 2025 au projet Dominion Creek et a achevé tous les travaux requis pour un échantillon en vrac de 10 000 tonnes prévu pour redémarrer en juillet 2026. La société a retardé l’expédition jusqu’à 2 000 tonnes vers la centrale Nicola jusqu’en 2026 en raison de pluies exceptionnellement fortes en août-septembre et de préoccupations concernant les routes de transport. Pendant le développement, le Landing a été abaissé d’environ 6 mètres, l’extraction a Progressé d’environ 2 mètres dans le South Pit Vein (qui s’élargit à environ 5 mètres sur ~20 m) et trois nouvelles veines (Mid-West, West, 16 East) ont été exposées. Des échantillons ont été soumis à un laboratoire ISO 17025; les résultats sont en attente.

Nicola Mining (OTCQB: HUSIF) hat die Bergbaudevelopment 2025 im Dominion Creek-Projekt abgeschlossen und alle Arbeiten für eine Bulkprobe von 10.000 Tonnen beendet, die im July 2026 neu starten soll. Das Unternehmen verzögerte den Versand von bis zu 2.000 Tonnen zur Nicola-Mühle bis 2026 aufgrund ungewöhnlich starker Regenfälle im August–September und Bedenken hinsichtlich der Transportwege. Während der Entwicklung wurde der Landing um ca. 6 Meter abgesenkt, der Abbau verlief ca. 2 Meter in der South Pit Vein (die sich auf ca. 5 Meter ~20 m erweitert) und drei neue Adern (Mid-West, West, 16 East) wurden freigelegt. Proben wurden an ein ISO 17025-Labor eingereicht; Ergebnisse stehen noch aus.

Nicola Mining (OTCQB: HUSIF) أكملت تطوير التعدين لعام 2025 في مشروع Dominion Creek وأنهت جميع الأعمال المطلوبة لـ عيّنة بالجملة من 10,000 طن المقررة لإعادة التشغيل في يوليو 2026. قامت الشركة بتأجيل الشحن إلى مصنع Nicola حتى 2026 حتى 2,000 طن بسبب أمطـار شديدة في أغسطس-سبتمبر ومخاوف تتعلق بطُرُق النقل. أثناء التطوير، خُفض Landing بحوالي 6 أمتار, وتقدّم الاستخراج نحو 2 أمتار في South Pit Vein (الذي يتسع إلى نحو 5 أمتار في ~20 م) وتم الكشف عن ثلاث عروق جديدة (Mid-West, West, 16 East). تم إرسال العينات إلى مختبر ISO 17025؛ النتائج قيد الانتظار.

Positive
  • Completed mine development for a 10,000‑tonne bulk sample
  • Landing lowered by approximately 6 metres enabling vein extraction
  • Three additional veins discovered during 2025 development
  • Five open faces providing ~6 metres strike length for 2026
Negative
  • Shipping of up to 2,000 tonnes to mill deferred to July 2026
  • Abnormally high August–September rainfall risked degrading haul road
  • Assay results pending from Paragon Geochemical create near‑term uncertainty

Vancouver, British Columbia--(Newsfile Corp. - November 4, 2025) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLIA) (OTCQB: HUSIF), (the "Company" or "Nicola") is pleased to announce that it has completed work at Dominion for 2025 and has completed all mine development for the 10,000 bulk sample, which is planned to recommence in July of 2026. Initially, the Company had planned to ship up to 2000 tonnes to the Nicola mill in 2025 for processing, but opted to wait until next year for two reasons:

Weather: Abnormally high rainfall during August and September would likely degrade the haul road from overuse.

Project Size: During the mine development phase ("Development Phase"), which commenced in August following completion of haul road upgrades, a landing area ("Landing") was constructed to provide access for vein extraction. The Development Phase included lowering the entire Landing by approximately 6 metres to create a face suited for vein extraction. While developing the Landing, three additional veins were discovered.

 

Dominion Map Highlighting 2025 Work and Vein Discoveries

Cannot view this image? Visit: https://images.newsfilecorp.com/files/4873/273067_6bfb2a9da4748848_001.jpg

Figure 1. Map showing the locations of 3 new veins discovered in 2025. Note: The map is from 2020 due diligence with additional of veins uncovered in 2025 indicated.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4873/273067_6bfb2a9da4748848_001full.jpg

Historically Known Veins:

  • South Pit Vein: Historically known vein from which previously chip samples were taken in 2020 Link. Samples taken were comprised of two South Pit Samples and two 16 Vein Samples. During 2025, the Company commenced vein extraction in the South Pit Zone, having moved the Landing down and working into the vein approximately 2 metres. Approximately 20 metres from the entrance, the vein expands to approximately 5 metres in width.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/4873/273067_6bfb2a9da4748848_002.jpg

 Figure 2. Working faces of the bulk sample site - September 14, 2025. Total width of photo is 40m, distance between hanging wall (right side) of 16 Vein and Pit Vein is 20m. Figure 3. Pit Vein system as exposed on the working face.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4873/273067_6bfb2a9da4748848_002full.jpg

  • 16 Vein: This historically known vein is located approximately 20 metres from the South Pit Vein. Chip samples and grab samples were taken from the vein during the October 14, 2020 due diligence process.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/4873/273067_6bfb2a9da4748848_003.jpg

Figure 4. 16 Vein (black with white stripes, is ~4m wide below axe) and 16 East Vein (white)Figure 5. High-grade section of the upper portion of the 16 vein.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4873/273067_6bfb2a9da4748848_003full.jpg

Newly Exposed Veins:

  • Mid-West Vein: Located 13 metres from the South Pit Vein. The vein is approximately 1 metre wide and exposed over 3 metres.
  • West Vein: Located 12 metres from the Mid-West Vein. The vein is approximately 3 metres wide and exposed over 6 metres.
  • 16 East Vein: Located 1.5-2 metres east of the 16 Vein. It is approximately 1.5 metres wide and exposed over 40 metres.

Samples from the newly exposed veins were taken by site crew and brought to Paragon Geochemical for analysis. Paragon Geochemical is an ISO 17025:2017 accredited geochemical testing laboratory providing analytical services to the mining industry. Results will be released upon receipt.

 

Cannot view this image? Visit: https://images.newsfilecorp.com/files/4873/273067_6bfb2a9da4748848_004.jpg

Figure 6. Mid-West Vein

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4873/273067_6bfb2a9da4748848_004full.jpg

Mr. Peter Espig, CEO of Nicola Mining Inc., commented, "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 5 open faces that are accessible from the Landing to give approximately 6 metres of strike length for extraction. These exposed veins also represent attractive exploration targets as they are open at depth."

Qualified Person
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.

DOMINION CREEK PROPERTY HISTORY
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.

Drilling in the South Zone covered an area of approximately 300 meters by 200 meters. Limited drilling in the North Zone covered two small areas (approximately 50 meters by 60 meters) 300 meters apart. The drill targets were selected using the soil geochemistry survey data and outcrop sampling from trenches and the drill access road data. Noranda subsequently returned the property to N. Kencayd, who sold it to A. Raven in 1989.

A Technical Report1 on the Dominion Creek Project was completed by Geospectrum Engineering on August 22, 2003.

About Nicola Mining
Nicola Mining Inc. is a junior mining company listed on the 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.

The Company owns 100% of the New Craigmont Project, a high-grade copper property, which covers an area of 10,913 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.

On behalf of the Board of Directors
"Peter Espig"

Peter Espig
CEO & Director

For additional information
Contact: Peter Espig
Phone: (778) 385-1213
Email: info@nicolamining.com

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.


1 Makepeace, D. K., 2003. Dominion Creek Project Technical Report for XMP Mining Ltd. Geospectrum Engineering, August 22.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273067

FAQ

What did Nicola Mining (HUSIF) announce about the Dominion bulk sample on November 4, 2025?

Nicola completed 2025 mine development for a 10,000‑tonne bulk sample and will recommence bulk sampling in July 2026.

Why did Nicola Mining delay shipping up to 2,000 tonnes from Dominion in 2025?

The company cited abnormally high August–September rainfall and haul‑road degradation risk, opting to ship in 2026.

What new geology did Nicola report at Dominion in 2025 for HUSIF shareholders?

Three new veins were exposed (Mid‑West, West, 16 East) in addition to South Pit and 16 Vein; assays are pending.

How did mine development change the Dominion site ahead of 2026 work?

The Landing was lowered by ~6 metres, extraction advanced ~2 metres into the South Pit Vein, and five open faces now exist.

Where will Nicola Mining send Dominion samples and when will results be available?

Samples were submitted to Paragon Geochemical (ISO 17025); results will be released upon receipt.
Nicola Mining

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