Nicola Mining Secures Multi-Year Exploration Permit for Treasure Mountain Silver Project

Nicola Mining Inc. has achieved a significant regulatory milestone with the acquisition of a multi-year area-based exploration permit for its wholly owned Treasure Mountain Silver Project in British Columbia. The permit, designated MX-15-121, complements the company's previously granted 10-year mining lease extension under Permit M-239, creating a comprehensive authorization framework that enables extensive exploration activities over the coming years. This regulatory approval represents a critical step forward in the company's strategy to revitalize the historically significant silver property and leverage current market conditions favoring precious metals development.

The newly secured permit authorizes Nicola Mining to conduct comprehensive exploration activities over a five-year period, including drilling operations for up to 30 holes, trenching, trail construction, and geophysical surveys. These activities are essential for systematically evaluating the project's mineral potential and advancing it toward production readiness. CEO Peter Espig emphasized the strategic importance of these permits, noting they position the company to capitalize on the current strong silver price environment. The Treasure Mountain Silver Project encompasses 30 mineral claims and a mineral lease covering more than 2,200 hectares, representing a cornerstone asset in Nicola Mining's portfolio alongside its New Craigmont Project, a high-grade copper property adjacent to Canada's largest copper mine at Highland Valley Copper.

This regulatory achievement demonstrates Nicola Mining's operational readiness and commitment to responsible resource development. The company maintains a fully permitted mill capable of processing both gold and silver, providing critical infrastructure support for advancing its projects through exploration to potential production phases. The exploration permit enables systematic evaluation of the Treasure Mountain Silver Project's mineral potential, which could significantly contribute to British Columbia's mining sector and the broader silver market. As global demand for silver continues across industrial and investment applications, Nicola Mining's strategic positioning and regulatory approvals create opportunities for value creation through methodical exploration and potential development of this historically significant asset.