Drilling Update at Viscount's Flint Canyon, Cherry Creek Property in Nevada

November 22, 2016 09:08 ET

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 22, 2016) - Viscount Mining Corp. (TSX VENTURE:VML)(OTCQB:VLMGF)("Viscount" or "the Company"), is pleased to provide an update on its flagship Cherry Creek Nevada Property (the "Property"). The Phase 1 drilling commenced at Flint Canyon in early September; and is being managed and funded by Summit Mining Exploration Inc. ("Summit"), a wholly-owned US subsidiary of Sumitomo Corporation, under the Exploration-Earn In Agreement.

The 2016 Phase 4 soil sampling program was completed in late July. A total of 1,250 samples were collected, including those at closer spacing than the 75m by 75m reported in the news release of (August 10, 2016). All were submitted to ALS Global for gold assay and multi‐element geochemical analysis. In the central Flint Canyon area, the results reported by Summit show a positive correlation of gold and arsenic to the locations of the jasperoid occurrences and with major faults and regional structures. The soil sample results and geological map data were used for guidance in the drill planning.

A reverse circulation (RC) drill plan was made based on soil anomalies, geologic mapping, and targeting of the jasperoid outcrops. The initial drill program that was reported in the news release of (September 7, 2016) was for 18 holes from 12 drill sites for total of 14,366 feet (4,380 m).

The revised drill plan is for 34 holes from 11 sites for 24,000 feet (7,317 m). Drilling has progressed well and is continuing due to good weather, ground conditions, and short drill rig moves. Currently the program is expected to continue to the end of November.

A map showing the new roads and drill pads at Flint Canyon may be consulted using the following link: http://media3.marketwire.com/docs/Flint_Cayon_Road_and_Drill_Pad_Map.jpg

Mark Abrams, Viscount Technical Advisory Board, stated: "Summit has conducted a very well planned and executed exploration program to date at Flint Canyon. My initial examination of Flint Canyon drill samples shows features typically associated with a Carlin-type gold deposit, including silicification and disseminated fine grained pyrite which are present. We look forward to the continued testing of targets on the property and the analysis of the lab results that will follow."

About Flint Canyon

The 2015 and 2016 mapping at Flint Canyon found the faulting to be more complex than previously indicated on the Adair 1961 geologic base map. Summit's mapping program found that east-west orientated faults and fractures, which are important ore controlling structures at the Ticup and Star Mines, also occur in the area. The Flint Canyon area contains highly dissected fault blocks of the Dunderberg Shale with the underlying Marjum Limestone and overlying Notch Peak Limestone. The Pogonip Formation overlies the Notch Peak and both units are important host rocks for Carlin-type gold mineralization in east-central Nevada.

Jasperoid occurrences in Nevada are extremely significant in context to Carlin-type gold deposits and mineralized jasperoid outcrops are common throughout the Flint Canyon area. They occur principally along the base of the Dunderberg Shale, but other outcrops are found along the Pogonip-Notch Peak contact. Many major gold discoveries have been made based on the presence of outcropping, weakly mineralized jasperoid hosted in and along bedding contacts of carbonate rocks. At Flint Canyon, jasperoid is found in the same carbonate rocks that are prolific host rocks at nearby large gold deposits (Newmont Mining-Long Canyon and Kinross Gold Corporation-Bald Mountain deposits).

The jasperoid beds, interpreted as west dipping tabular features, occur along the base of the Dunderberg Shale and within the Pogonip group limestone. Summit's geological team indicates that the Dunderberg Shale is generally recessive and is exposed mainly along the outcropping contacts with more competent rocks. The Dunderberg appears to be moderately altered throughout its distribution, and, at Flint Canyon, it experienced widespread and significant alteration by hydrothermal fluids. The underlying Marjum Limestone is usually competent and unaltered, while the overlying Pogonip exhibits variable alteration.

Mineralization identified by this work is hosted within and extending out from silica bodies known as jasperoids formed at the Pogonip Limestone/Notch Peak Limestone contact, within the Dunderberg Shale, and within and extending out from jasperoids formed at the Dunderberg Shale/Marjum Limestone contact. Jasperoids form from silica and iron replacement of the limey component of rocks when warm springs carrying silica, iron and potentially metals such as gold circulate through the rock column. As the silica and iron rich waters percolate through the rock, the limey component of the rock dissolves, migrates away and redeposits as calcite veins (calcium carbonate) in areas outboard of the warm spring waters. The host rock, depending on its content of limey material, may form caves or even collapse as the limey component is flushed out. Collapse features have been noted in outcrop and in new road cuts in the anomaly areas of Flint Canyon. This event makes the rock more permeable and allows even more silica rich waters to flow in. As the waters flush in they begin to deposit silica and iron as jasperoids. Gold deposition can occur as part of this process and, in fact, has at Flint Canyon.

The Cherry Creek district, including Flint Canyon, is cut by very deep seated fault structures. These faults would have provided a very good plumbing system that allowed mineralizing waters to circulate through the rock column over a large area. In looking at the gold mineralized rock at Flint Canyon, one can see more than one event of silica, iron and likely gold introduction into the rock. Multiple events like this have been known to drive up the gold grade at other projects and may also have done so at Flint Canyon.

Qualified Persons

The scientific and technical information contained in this news release has been reviewed and approved by Dallas W. Davis, P.Eng, FEC, an independent consulting geologist who is a "Qualified Person" as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").

The exploration and drill programs are being managed by David Tretbar, Summit Exploration's Executive Vice President, Exploration and Mineral Resources, a Qualified Person as defined by NI 43-101. Mr. Tretbar is a registered Professional Geologist in Arizona (#48036) and a Certified Professional Geologist (CPG #11086) with the American Institute of Professional Geologists. Mr. Tretbar holds a Master's Degree in Geochemistry from the Mackay School of Mines, University of Nevada Reno.

About Viscount Mining (TSX VENTURE:VML) (OTCQB:VLMGF)

Viscount Mining is an exploration company with a portfolio of gold and silver properties in the Western United States, including Cherry Creek in Nevada and Silver Cliff in Colorado. Cherry Creek is comprised of more than 9,000 acres, all 100% owned, and includes more than 20 past producing mines. Viscount has entered into an exploration earn-in agreement with Sumitomo Corporation covering the Cherry Creek property. Sumitomo can earn in up to a 75% interest in the property by producing a feasibility study and by spending in addition a minimum of US$10,000,000 in exploration and development expenses by the eighth anniversary of the earn-in agreement. Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past-producing mineral districts of Silver Cliff and Rosita Hills.

For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com

About Sumitomo Corporation

Sumitomo Corporation is one of the largest integrated trading and investment companies in Japan. Sumitomo Corporation, a Fortune 500 company, conducts commodity transactions in all industries utilizing worldwide networks, provides related customers with various financing, serves as an organizer and a coordinator for various projects, and invests in businesses from the information industry to the retailing industry. Summit Mining Exploration, Inc. is a wholly-owned subsidiary of Sumitomo Corporation and is headquartered in Colorado, USA. For more information about Sumitomo Corporation, visit www.sumitomocorp.co.jp

ON BEHALF OF THE BOARD OF DIRECTORS

Jim MacKenzie, President, CEO and Director

For further information, please contact:

Viscount Investor Relations

Phone: 604-960-0535                                                                                                    

Email: info@viscountmining.com

Neither 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.

Forward-Looking Statements

This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Viscount Mining Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Viscount Mining Corp. management on the date the statements are made. Except as required by law, Viscount Mining Corp. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Viscount Mining Commences Drilling on the Silver Cliff Property in Colorado

PRESS RELEASE                                                                                             November 16, 2016

VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”), is pleased to announce it has commenced drilling of its Silver Cliff property in the Hardscrabble Silver District in Custer County, Colorado (the "Property"). The drill program has the objective of confirming the historical documentation on one of the Silver Cliff deposits known as “Kate” and will also include angle holes which will test steeply dipping mineralized structures that have the potential for enhancing historical estimates based on vertical holes that tested flat-lying mineralized bodies.

In late July 2016, the Company completed over thirty line-miles of magnetic geophysical surveying. The resulting extensive data package has subsequently been compiled and clearly shows a good correlation between high magnetic responses and silver mineralization encountered by historical drilling. Not only do the high magnetic responses correlate with known silver mineralization, but there also are other high response zones that remain untested by the drilling.

In this first phase of core drilling, the Company intends to complete 10 holes totaling 2,000 feet (610 m). This program will begin to define the deposits. As stated in previous news releases, the Company on the basis of historical estimates has a target of 40 to 50 million ounces of silver on the Property. However, potential quantity and grade is conceptual in nature, as there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Recent preliminary results of representative, continuous rock chip sampling and geological mapping at a scale of 1:240 around the perimeter of the 7960 bench in the existing aggregate pit shows that silver, manganese, lead, zinc, gallium, and indium are present. Only recently have indium and gallium become of great importance, with indium used in LCD televisions and computer monitors, and, gallium in medical devices, microwave circuits, high-speed switching circuits and infrared circuits. Semi-conductive gallium nitride and indium gallium nitride produce blue and violet light-emitting diodes (LED lights) and diode lasers.

Detailed geologic mapping at a scale of 1:1000 by Viscount geologists done in the vicinity of the Kate Deposit suggests that the polymetallic resource may be a combination of epithermal vein and a carbonate replacement deposit. Previous work considered the Kate Deposit to be of supergene origin. Supergene processes of enrichment produce ore deposits that occur relatively near the surface as opposed to hypogene processes which occur deeper below the earth's surface and result in deposits that are much later discovered after being exposed by erosion and by drilling.

The detailed mapping completed in October 2016 revealed a previously undocumented, silicified carbonate reef complex. The silicification indicates replacement by hydrothermal fluids. Further, both the Kate Deposit and the silicified carbonate reef occupy the same stratigraphic position, directly above an obsidian bed. If the carbonate reef was completely replaced by silica, it would be a very brittle rock, easily shattered by minor tectonic adjustments, creating a breccia whose matrix could become mineralized by hydrothermal fluids from an epi- or hypothermal feeder vein. The discovery of the carbonate reef complex has yielded a completely different genetic model for the Kate Deposit than that proposed by previous geologists.

Jim MacKenzie, Viscount President and CEO stated: "We are very pleased with the ongoing work program at Silver Cliff. With the detailed mapping just completed revealing a previously undocumented new reef complex, we made the decision to adjust the drilling schedule to further investigate this new reef. We are very excited as this newly identified complex represents a possible expansion of Silver Cliff."

About Silver Cliff Property

The Silver Cliff property lies within the historic Hardscrabble Silver District in Colorado. The Property consists of 96 lode claims where high grade silver, gold and base metal production came from numerous mines during the period 1878 to 1894. It is located 44 miles WSW of Pueblo Colorado and has year-around access by paved road. The property underwent substantial exploration between 1967 and 1984 for the purpose of defining mineral inventories. The major explorers were Freeport, Hecla, Homestake, Moly Corp, Coca Mines and Tenneco Minerals.

Silver Cliff is thought to overlie a large caldera and porphyry system which increases the prospect's potential to host a number of deposits from both precious metals to base metals. This has been demonstrated in the mineralogy and grade historically extracted from numerous underground mining operations dating back to the late 1800s and early 1900s.

Drilling in the 1980s by Tenneco resulted in a historical pre-feasibility study which formed the company's decision to put the property into production. Known historical silver grades range from below detection to a high of 2,125 g/t (68 o/t) Ag over 13.4 metres. Known historical gold grades range from below detection to a high of 9.06 g/t (0.29 o/t) Au over 1.2 metres. Plans were halted due to the restructuring of Tenneco after it was sold.

Qualified Persons

The scientific and technical information contained in this news release has been reviewed and approved by Dallas W. Davis, P.Eng, FEC, an independent consulting geologist who is a "Qualified Person" as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").

About Viscount Mining (TSX VENTURE: VML) (OTCQB: VLMGF)

Viscount Mining is an exploration company with a portfolio of gold and silver properties in the Western United States, including Cherry Creek in Nevada and Silver Cliff in Colorado. Cherry Creek is comprised of more than 9,000 acres, all 100% owned, and includes more than 20 past producing mines.  Viscount has entered into an exploration earn-in agreement with Sumitomo Corporation covering the Cherry Creek property.  Sumitomo can earn in up to a 75% interest in the property by producing a feasibility study and by spending in addition a minimum of US$10,000,000 in exploration and development expenses by the eighth anniversary of the earn-in agreement.  Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past-producing mineral districts of Silver Cliff and Rosita Hills.

For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com

ON BEHALF OF THE BOARD OF DIRECTORS             

“Jim MacKenzie”

           

President, CEO and Director                                                             

For further information, please contact:

Viscount Investor Relations

Phone: 604-960-0535                                                                                                    

Email: info@viscountmining.com

Neither 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.

Forward-Looking Statements

This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Viscount Mining Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Viscount Mining Corp. management on the date the statements are made. Except as required by law, Viscount Mining Corp. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

###

Viscount Mining Commences Drilling on the Silver Cliff Property in Colorado

PRESS RELEASE                                                                                             November 16, 2016

VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”), is pleased to announce it has commenced drilling of its Silver Cliff property in the Hardscrabble Silver District in Custer County, Colorado (the "Property"). The drill program has the objective of confirming the historical documentation on one of the Silver Cliff deposits known as “Kate” and will also include angle holes which will test steeply dipping mineralized structures that have the potential for enhancing historical estimates based on vertical holes that tested flat-lying mineralized bodies.

In late July 2016, the Company completed over thirty line-miles of magnetic geophysical surveying. The resulting extensive data package has subsequently been compiled and clearly shows a good correlation between high magnetic responses and silver mineralization encountered by historical drilling. Not only do the high magnetic responses correlate with known silver mineralization, but there also are other high response zones that remain untested by the drilling.

In this first phase of core drilling, the Company intends to complete 10 holes totaling 2,000 feet (610 m). This program will begin to define the deposits. As stated in previous news releases, the Company on the basis of historical estimates has a target of 40 to 50 million ounces of silver on the Property. However, potential quantity and grade is conceptual in nature, as there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Recent preliminary results of representative, continuous rock chip sampling and geological mapping at a scale of 1:240 around the perimeter of the 7960 bench in the existing aggregate pit shows that silver, manganese, lead, zinc, gallium, and indium are present. Only recently have indium and gallium become of great importance, with indium used in LCD televisions and computer monitors, and, gallium in medical devices, microwave circuits, high-speed switching circuits and infrared circuits. Semi-conductive gallium nitride and indium gallium nitride produce blue and violet light-emitting diodes (LED lights) and diode lasers.

Detailed geologic mapping at a scale of 1:1000 by Viscount geologists done in the vicinity of the Kate Deposit suggests that the polymetallic resource may be a combination of epithermal vein and a carbonate replacement deposit. Previous work considered the Kate Deposit to be of supergene origin. Supergene processes of enrichment produce ore deposits that occur relatively near the surface as opposed to hypogene processes which occur deeper below the earth's surface and result in deposits that are much later discovered after being exposed by erosion and by drilling.

The detailed mapping completed in October 2016 revealed a previously undocumented, silicified carbonate reef complex. The silicification indicates replacement by hydrothermal fluids. Further, both the Kate Deposit and the silicified carbonate reef occupy the same stratigraphic position, directly above an obsidian bed. If the carbonate reef was completely replaced by silica, it would be a very brittle rock, easily shattered by minor tectonic adjustments, creating a breccia whose matrix could become mineralized by hydrothermal fluids from an epi- or hypothermal feeder vein. The discovery of the carbonate reef complex has yielded a completely different genetic model for the Kate Deposit than that proposed by previous geologists.

Jim MacKenzie, Viscount President and CEO stated: "We are very pleased with the ongoing work program at Silver Cliff. With the detailed mapping just completed revealing a previously undocumented new reef complex, we made the decision to adjust the drilling schedule to further investigate this new reef. We are very excited as this newly identified complex represents a possible expansion of Silver Cliff."

About Silver Cliff Property

The Silver Cliff property lies within the historic Hardscrabble Silver District in Colorado. The Property consists of 96 lode claims where high grade silver, gold and base metal production came from numerous mines during the period 1878 to 1894. It is located 44 miles WSW of Pueblo Colorado and has year-around access by paved road. The property underwent substantial exploration between 1967 and 1984 for the purpose of defining mineral inventories. The major explorers were Freeport, Hecla, Homestake, Moly Corp, Coca Mines and Tenneco Minerals.

Silver Cliff is thought to overlie a large caldera and porphyry system which increases the prospect's potential to host a number of deposits from both precious metals to base metals. This has been demonstrated in the mineralogy and grade historically extracted from numerous underground mining operations dating back to the late 1800s and early 1900s.

Drilling in the 1980s by Tenneco resulted in a historical pre-feasibility study which formed the company's decision to put the property into production. Known historical silver grades range from below detection to a high of 2,125 g/t (68 o/t) Ag over 13.4 metres. Known historical gold grades range from below detection to a high of 9.06 g/t (0.29 o/t) Au over 1.2 metres. Plans were halted due to the restructuring of Tenneco after it was sold.

Qualified Persons

The scientific and technical information contained in this news release has been reviewed and approved by Dallas W. Davis, P.Eng, FEC, an independent consulting geologist who is a "Qualified Person" as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").

About Viscount Mining (TSX VENTURE: VML) (OTCQB: VLMGF)

Viscount Mining is an exploration company with a portfolio of gold and silver properties in the Western United States, including Cherry Creek in Nevada and Silver Cliff in Colorado. Cherry Creek is comprised of more than 9,000 acres, all 100% owned, and includes more than 20 past producing mines.  Viscount has entered into an exploration earn-in agreement with Sumitomo Corporation covering the Cherry Creek property.  Sumitomo can earn in up to a 75% interest in the property by producing a feasibility study and by spending in addition a minimum of US$10,000,000 in exploration and development expenses by the eighth anniversary of the earn-in agreement.  Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past-producing mineral districts of Silver Cliff and Rosita Hills.

For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com

ON BEHALF OF THE BOARD OF DIRECTORS             

“Jim MacKenzie”

           

President, CEO and Director                                                             

For further information, please contact:

Viscount Investor Relations

Phone: 604-960-0535                                                                                                    

Email: info@viscountmining.com

Neither 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.

Forward-Looking Statements

This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Viscount Mining Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Viscount Mining Corp. management on the date the statements are made. Except as required by law, Viscount Mining Corp. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

###

Millennial Forms Technical Advisory Board

September 12, 2016 

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 12, 2016) - Millennial Lithium Corp. (TSX VENTURE:ML), ("Millennial" or the "Company") has established a highly skilled and experienced Technical Advisory Board for its lithium development activities which includes the Pastos Grandes lithium project in Salta province, Argentina.

Millennial welcomes Vijay Mehta and Ben Binninger to advance technical development and cost optimization at Pastos Grandes. As advisors to Millennial's technical board they will be called on to provide insights based on their deep knowledge of lithium brine processing and extensive global expertise in mineral and chemical processing. Both individuals have prior working experience with this part of South America. In addition they will be offering guidance and direction with respect to future exploration of the Pastos Grandes and other lithium projects under consideration.

We are pleased to have the benefits of these members on the technical advisory board with their wealth of technical knowledge that will augment the decision making of Millennial's existing experienced board members.

Biographies of Technical Advisory Board Members

Vijay Mehta

Dr. Mehta (PhD) comes to Millennial Lithium with an extensive forty-five years of experience in the field of Ore and Brine based technology. The technology, which is used for the recovery of Lithium, Potash, Magnesium and Boron, produces cost effective commercial scale high purity chemical products.

Dr. Mehta has been previously responsible for coordination and communications with lithium producers around the world, wherehe compared processing technologies and production costs as well as created a competitive analysis for the lithium capacity and demand. With a perspicacity for chemistry and the manufacturing process of lithium and magnesium chemicals, Dr. Mehta continues to demonstrate his extraordinary capabilities to advance the technology for this industry.

G. A. Ben Binninger

G. A. Ben Binninger is a chief executive with extensive experience leading and creating technically sophisticated processes and service companies ranging from small business to globally industry leaders including Rio Tinto, Hercules and Arco. With skills in mergers & acquisitions, turnarounds and public offerings, Mr. Binninger brings an unusual combination of global management, strategic positioning, technical acumen and financial expertise to Millennial. His hands on operating and processing experience in chemicals, materials and mining provide a depth of knowledge to The Company.

Most recently Ben was a director and served as Chief Executive Officer for ASX listed Potash Minerals. He is a principal in IMEx Minerals, LLC and K2O Resources, LLC and was a Principal in AMT II Corporation, a private investment management company focusing on advanced materials and aerospace. Mr. Binninger has a Master's in business administration from the Harvard Business School (HBS) as well as a Bachelor of chemical engineering degree from Manhattan College. He has taught international business management at UCLA and studied at Stanford University and INSEAD in France.

The Company would also like to correct a statement included in the August 24, 2016 release. The statement should have read, "Millennial made application to the Provincial mining authority of Salta, for an additional 4,236 hectares of mineral claims adjacent to the 1,219 hectare Pastos Grandes project." This is the correct wording originally contained in the August 15, 2016 release.

MILLENNIAL LITHIUM CORP.

Graham Harris, Chairman, Director

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.

"This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."

CONTACT INFORMATION

Millennial Lithium Corp.

Investor Relations

(604) 662-8184

info@millenniallithium.com

www.millenniallithium.com

Nicola Mining Announces Strategic Private Placement of $164,000

May 25, 2016 | News Releases

TSX.V: NIM

NEWS RELEASE

VANCOUVER, B.C., MAY 25, 2016 – Nicola Mining Inc. (the “Company”) announces that it plans to raise up to $164,000 with strategic investors that were unable to participate in the recent Fourth Tranche Unit Financing, which the Company announced in its news release of May 2, 2016. The current financing will be on the same terms as the Fourth Tranche. The Company intends to sell up to 2,050,000 Units for gross proceeds of up to $164,000.

Each Unit will consist of one common share of the Company (each, a “Share”) and one share purchase warrant (each, a“Warrant”). Each Warrant will be exercisable into one Share at a price of $0.15 per Share for a period of two years from the date of issuance.

Proceeds from the current financing will be used for general working capital.

All securities issued pursuant to the current financing will be subject to a statutory hold period expiring four months and one day after closing of the Financing.

On behalf of the Board of Directors

“Peter Espig” 
Peter Espig
CEO & Director

For additional information
Contact: Peter Espig
Phone: (604) 647-0142
Email: peter@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. 

###

Nicola Mining Inc. Increases Land Package with the Acquisition of the Montwest Claim

TSX.V: NIM
NEWS RELEASE

VANCOUVER, B.C., / April 28, 2016 - Nicola Mining Inc. (the "Company" or "Nicola") is pleased to announce that it has recently added an additional mineral tenure, approximately 1280 hectares, to its Thule mineral claim package. Referred to as the Montwest claim, it is situated to the west of the southern extension of the north-south trending Lornex Fault. The claim is situated within the Lower Cretaceous Spences Bridge Group, an andesitic to rhyolitic volcanic arc belt of rocks and is contiguous with the Thule land package, bringing the total size of the land package from 8,804 hectares to 10,084 hectares. The claim is accessible by a series of skid trails.

The Montwest claim features a historic regional geochemical survey (RGS) stream sediment gold anomaly situated on Gordon Creek. Previous operators have attempted to locate the anomaly through soil and silt sampling to the northeast and south of the anomaly. Through work on its Thule claims, Nicola recently uncovered a large brown colour anomaly defined by a regional magnetic high. Reconnaissance prospecting of this colour anomaly located a zone of unexplored basaltic andesite outcrop to the northwest of the gold anomaly within a series of north to northeast trending gulleys. Basaltic andesite within the Spences Bridge Group is considered a permeable host to several precious metal epithermal occurrences and deposits throughout the Spences Bridge gold belt.

The Company is planning a small grassroots prospecting and soil sampling program to locate the source of this anomaly, which will be conducted concurrently with a diamond drill program on its historical Thule Claims, as announced in its March 3, 2016 news release. The Company announced on January 3, 2014 that it had closed a tranche of flow through financing to help finance its 2016 Exploration Program.

Thule Property

The Thule copper property is 100% owned by Nicola and consists of 21 mineral claims and 10 mineral leases covering approximately 10,084 hectares. Carbonate rich Nicola Group volcano-sedimentary units and intrusive rocks found along the southern flanks of the Guichon Batholith compose the majority of the property which is located approximately 30 km south of the Highland Valley Copper operation. There are two dominant styles of mineralization on the property: copper iron skarn and copper porphyry. The most important discovery to date on the property has been the past producing Craigmont copper-iron mine, located in the central part of the claims. Craigmont operated from 1961 to 1982, as an open pit-mine and as an underground sub-level block cave mine. Over its operating life, the mine produced 34,000,000 metric tonnes of ore, averaging 1.28% copper, from Body No.1 and Body No.2. Craigmont shut the mine down in 1982 due to a policy decision by the board at a time when the copper price was approximately $0.60 per pound.

For further details on the Thule copper property, see the technical report entitled "TECHNICAL REPORT on the THULE COPPER - IRON PROPERTY, Southern British Columbia, Canada", filed on May 8, 2013 on Sedar at www.sedar.com.

Qualified Person

The foregoing geological disclosure has been reviewed and verified by Brian May, P.Geo., a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Nicola Mining Inc.

Nicola Mining Inc. is junior mining company listed on the TSX Venture and is in the process of recommencing mill feed processing operations at its 100% owned state-of-the-art mill and tailings facility, located near Merritt, British Columbia. It has already signed four mill profit share agreements with high grade gold properties. The fully-permitted mill is able to process both gold and silver mill feed via gravity and floatation processes. The Company also owns 100% of the Treasure Mountain, its high grade silver property and a gravel pit, which is located adjacent to its milling operations.

On behalf of the Board of Directors

"Peter Espig" 

Peter Espig

CEO & Director

For additional information

Contact: (604) 647-0142 or peter@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.

Cautionary Note Regarding Forward Looking Information:

This news release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information includes, without limitation, statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company or Siwash such as the statements that Siwash will extract mill feed from its Monument Gold Zone Property and ship this to Nicola, that Nicola will process the mill feed into concentrate and then arrange for the sale of the concentrate to smelters and third parties, the quantity of mill feed that may be extracted under the sample permit if granted, regarding the plans for storage of the mill feed, the expected grade of the mill feed, plans for allocation of costs and profit associated with mining and milling, and Nicola’s intention to progress towards operational cash flow. There are numerous risks and uncertainties that could cause actual results and the Company and Siwash’s plans and objectives to differ materially from those expressed in the forward-looking information, including the inability of the  parties to complete the proposed mining and milling activities as proposed or at all, that the bulk sample permit may not be granted, that the Company may not be able to successfully negotiate agreements for the sale of the concentrates, and that the mill feed may not be of a grade or quality that is sellable, and other factors beyond the Company and Siwash’s control. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, neither the Company nor Siwash assume any obligation to update forward-looking information should circumstances or management’s estimates or opinions change.