Nicola Mining Inc. announce soil geochemistry results collected from the WP area at the New Craigmont Property. The WP Zone consists of sheared, brecciated, and mineralized Nicola Group volcanic rocks with associated chalcopyrite, pyrite, and specularite. Previous chip channel sampling (2016) by Nicola Mining returned values of 0.37% Cu over 10 metres and 0.71% Cu over 4.0 metres in historic trenches and shafts, with values up to 0.54% and 1.68% Cu respectively (https://nicolamining.com/nicola-mining-provides-update-on-thule-project-exploration-activities/).

The soil survey was partially completed with an area defined through the Multi-Year Area Based (MYAB) Permit (Diagram 1). In October 2022, 241 B-horizon soil samples were collected and analyzed within the WP area at New Craigmont. Samples were collected at 50-metre sample intervals along 11 east-west soil lines spaced 100 metres apart.

The defined, soil anomalies coincide with 2022 ZTEM survey1 and 2012 airborne magnetic survey anomalies2. New Craigmont is the site of the historic Craigmont Copper Mine, which produced approximately 34 million tonnes of copper at 1.3%, one of the highest-grade major copper mines in North America's history. Despite the significant historic production, the 10,913-hectare site remains highly unexplored due to the original mine's sole focus on iron-copper skarn deposits and depressed copper prices ($0.6 in 1982) at the time of closing.

Technological advances in mining, as well as Nicola's success in consolidating fragmentated shareholder ownership1 of the mineral claims and mining leases, have significantly augmented the Property's potential. The Company contracted the services of APEX Geoscience Ltd. ("Apex") to conduct its soil geochemistry program on the WP area. Soil samples were collected at pre-determined sites using a 50 m (east-west) x 100 m configuration (north-south).

Soils were placed in kraft soil sample bags and all metadata associated with each sample location was recorded. Once sorted and logged, samples were shipped to ALS Canada Ltd. ("ALS") in North Vancouver, British Columbia. At ALS, individual samples were dried and sieved to -180 micron (80 mesh).

Both fractions were retained. A 30 gram split of the sieved portion was partially digested (Aqua Regia) and analysis of 48 elements was performed by four- acid ICP-MS (ME-MS61). ALS is an ISO /IEC 17025 certified laboratory and independent of Nicola Mining.

During the soil geochemistry program, Apex crews provided a field duplicate from every 25th sample and these field duplicates were inserted into the sample stream to monitor the quality of analyses for the soil sampling program.