Viscount Mining Strengthens Technical Advisory Board with Senior Geologist

PRESS RELEASE                                                                                                 April 18, 2017

VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”), is pleased to announce that geologist James P. Robinson, Ph.D., has consented to join the Company's technical advisory board. As advisor to Viscount’s technical board he will be called on to provide insights based on his deep knowledge of Nevada, structural geology, precious-metals deposit models, and exploration techniques.

Recently, Dr. Robinson was a senior consulting geologist for Summit Mining Exploration, Inc., a wholly owned subsidiary of Sumitomo Corporation and was involved with all aspects of the initial two-year evaluation program of Viscount Mining’s Cherry Creek property. His responsibilities included comprehensive geologic mapping, geochemical sampling, drill target generation, drilling supervision, and subsurface interpretations.

Dr. Robinson has over 35 years of experience as a professional geologist, including approximately 30 years in precious metal exploration. Most of his mineral experience has focused on frontier and early-stage exploration in the eastern and southern Basin and Range of Nevada and Utah. This included managing successful exploration programs for Alta Gold Company, Pilot Gold Company, DNI Metals, and Battle Mountain Exploration Company.  Dr. Robinson was instrumental in the development of the Alta Gold Griffon Mine from grassroots discovery through production and the Alta Gold Kinsley Mine from development drilling to the discovery of several satellite deposits.

Dr. Robinson holds a Ph.D. in Geological Sciences from Cornell University, an M.S. in Geology from the University of Southern California, and a B.S. in Geology from Ohio University. He is a Registered Professional Geologist in the states of Utah, Idaho, and Arizona.   

Dr. Robinson stated, "I am very pleased to join the Company's advisory board. With my time on the Cherry Creek project, I feel it represents a rare opportunity in eastern Nevada to be the first modern comprehensive exploration program to evaluate a mining district with historic production of gold, silver, tungsten and base metals. In addition to the high-grade veins and replacement deposits exploited in the historic mines, recent geologic mapping, sampling, and limited drilling identified disseminated sediment-hosted gold in a previously unexplored area of Cherry Creek. The stratigraphic section, geochemical signature, and structural and igneous history of the sediment-hosted gold occurrence at Cherry Creek shares characteristics with modern gold mines in the general vicinity, including the Newmont Long Canyon Mine and Pilot Gold Kinsley Mountain Mine.  Subsequent exploration will further delineate gold anomalies defined by recent field work and greatly enhance the potential of finding an economic gold deposit in the subsurface."

Kaare Foy, Chairman of Viscount stated, "Dr. Robinson will collaborate closely with Viscount's management to provide guidance and recommendations to help Viscount set the direction of the company's roadmap and strategic initiatives at Cherry Creek as the company accelerates exploration and development plans."

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

Viscount Mining is project generator and an exploration company with a portfolio of silver and gold properties in the Western United States, including Cherry Creek in Nevada and Silver Cliff in Colorado.

The Cherry Creek Property is focused on exploration in the immediate vicinity of an area commonly known as the Cherry Creek Mining District, located approximately 30 miles north of the town of Ely, in White Pine County, Nevada. Cherry Creek consists of over 400 unpatented and patented claims as well as mill rights, and is comprised of more than 9,000 acres. Cherry Creek includes more than 20 past producing mines including Blue Bird, Chance Mine, Filmore, Last Chance, Exchequer/ New Century Mine, Ticup and Motherlode mines.

The Silver Cliff property in Colorado lies within the historic Hardscrabble Silver District in the Wet Mountain Valley in south-central Colorado in Custer County. The property consists of 96 lode claims where high grade silver, gold and base metal production that came from numerous mines during the period 1878 to 1894. 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. In January 2017, Viscount Mining reported additional high grade silver intersections from the drill program completed in December 2016.

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.

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Viscount Mining Releases Results of Exploration Program at the Cherry Creek Silver-Gold Project, Nevada

PRESS RELEASE                                                                                                       March 29, 2017

VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”), reports that in 2016 Summit Mining Exploration Inc. (Summit) continued an ongoing mineral exploration and evaluation program in the Cherry Creek mining district of northern White Pine County, Nevada as part of their earn-in agreement with Viscount. Rather than explore the previously producing areas of the Cherry Creek property which encompasses just about all of the historical silver, silver gold-base metal and tungsten mines located in the Cherry Creek Mining District, Summit elected to focus their 2016 exploration program on a reverse‐circulation drilling program in the Flint Canyon area which they discovered in 2014‐15 to have anomalous gold in soil and rock chips. The area has no historic mines and had only minimal modern exploration prior to Viscount and Summit.

Summit’s initially proposed 2016 program was expanded to include: (1) drilling 32 reverse-circulation (RC) holes in the Flint Canyon target area; (2) geologic mapping at a scale of 1:2500 in the area south and west of the Flint Canyon target and in the north end of Silver Canyon, several kilometers to the east; (3) collection of 412 rock‐chip samples for geochemical analysis; and, (4) collection of 1868 soil samples for geochemical analysis in a grid that covers the Flint Canyon target area with extensions in all directions.

The 32 RC holes at Flint Canyon combined for 5,369 total meters (17,615 feet). They were drilled with variable azimuths and inclinations from eleven distinct pads to depths ranging from 86.9 to 304.9 meters. Formations encountered in the drill holes included Marjum limestone, Dunderberg Shale, Notch Peak Formation, Pogonip Formation, and undifferentiated dolomite (OSD). In general, the strongest gold concentrations occurred in near surface silicified zones in the Marjum limestone.  Gold intercepts occurred in local silicified zones along the Dunderberg/Marjum contact, in collapse breccias and silicified strata in the Pogonip Formation, and silicified breccia in undifferentiated dolomite.  Twenty‐one of the 32 holes included at least one sample interval with 0.100 g/t Au and two holes returned samples with greater than 1.00 g/t Au, with a maximum of 4.03 g/t gold in a single sample of a strongly oxidized, decomposed felsic dike in Hole CC021. The best multi‐sample intercept was by hole CC021 with 0 to 18.3 meters averaging 0.438 g/t Au, including the 4.03 g/t altered dike.  Five of the holes had intercepts of at least 10 meters with average gold concentrations of 0.100 g/t or greater.  Mineralized zones with elevated levels of gold display few associated geochemical anomalies, although weakly enhanced concentrations of arsenic (<200 and="" barium="" locally.="" o:p="" occur="" ppm="">

According to Summit’s report “the results of the 2016 drilling program could be interpreted to indicate that Flint Canyon is on the distal edge of a large disseminated gold system.”

None of the 32 holes were surveyed. Drill data density is insufficient to estimate true thickness of the mineralized intervals reported above.

Mapping south of Flint Canyon drill area identified a frontier‐level gold exploration target in Lead Mine Canyon. The target lies in a 250‐ x 75‐meter exposure of Marjum siltstone. Pods of jasperoid and coarse calcite occur along the limestone/siltstone contact and in minor faults that cut the contact. Four samples of jasperoid from those silicified zones contained gold values between 0.283 and 1.085 g/t. Soil samples from the siltstone commonly contained elevated gold values between 0.02 and 0.1 g/t, with one sample containing 0.5 g/t.

In Silver Canyon, jasperoid outcrops along the contact between Dunderberg Shale and Marjum limestone are locally enriched in silver, 200‐500 g/t, and commonly display low anomalous gold.

Summit has elected to exit the agreement and has given Viscount all the exploration data and information. Viscount now has complete control of the Cherry Creek property. 

Summit considers that there is still potential to find Kinsley Mine and Long Canyon type gold deposits on the property as outlined in this quote from their 2016 Exploration Report on Cherry Creek:

“In addition to the Flint Canyon area displaying the potential for a Kinsley Mine analogue, anomalous gold in soil and rock‐chip samples from the Pogonip Formation indicate that there could be a disseminated gold deposit at depth that is analogous to Newmont Mining Corporation’s Long Canyon Mine currently in production. At Long Canyon, disseminated gold mineralization occurs in a lenticular and laminated limestones as well as collapse breccias in the lower Pogonip Formation and in laminated limestone and siltstone at the base of the Notch Peak Formation near the contact with the Dunderberg Shale.”

In addition to follow up work required on untested gold in soil and rock chip samples at Flint Canyon and two targets previously described herein; several other targets exist on the property that warrant drill testing.  These targets will be summarized in a separate news release.

In the meantime Viscount is speaking with interested parties about the Cherry Creek property.

All of the results given in this news release were taken directly from the Rangefront Geological drill report prepared for Summit Mining Exploration Inc. All of the assaying was done by an ISO certified analytical company. Rangefront Geological and Summit geologists do all their work using the best industrial practices.

Quality Assurance/Quality Control ("QA/QC") Measures, Chain of Custody:

The Company has implemented a rigorous QA/QC program using best industry practices at the Cherry Creek Property. Drill core samples are transported in security-sealed bags for analyses at ALS Labs Limited, of Elko, Nevada. Individual samples are labeled, placed in plastic sample bags and sealed. Groups of samples are then placed into durable rice bags that are then shipped. A small ‘B split’ of each sample of drill cutting interval was collected at the rig and archived in secure storage. The sample pulps and rejects will be retrieved from ALS. The insertion of standards, blanks and duplicates as well as logging was conducted by Rangefront Geological and Summit personnel at the property site.

Qualified Persons

The exploration and drill programs were 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.

The scientific and technical information contained in this news release has been reviewed 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 silver and gold 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. 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.

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Nicola Mining Announces Non-Brokered Private Placement

Aug 23, 2016 | News Releases

TSX.V: NIM

NEWS RELEASE 

VANCOUVER, B.C., August 23, 2016 – Nicola Mining Inc. (the “Company”) announces that, subject to regulatory approval, it has arranged a non-brokered private placement financing (the “Financing”) of 18,337,665 units (each, a “Unit”) at a price of $0.12 per Unit for gross proceeds of $2,200,519.80. Each Unit will consist of one Share and one share purchase warrant (each, a “Warrant”), with each Warrant entitling the holder to purchase one additional Share at a price of $0.18 per Share for a period of three years from closing. Insiders may participate in the Financing.

Finders’ fees may be payable in connection with the Financing in accordance with the policies of the TSX Venture Exchange (the “Exchange”).

All securities issued in connection with the Financing will be subject to a statutory hold period expiring four months and one day after closing of the Financing. Completion of the Financing is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the Exchange.

The proceeds of the Financing will be used for working capital purposes.

Nicola Mining Inc. is a junior mining company listed on the TSX Venture Exchange, 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 producers. 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 Treasure Mountain, its high grade silver property, and a gravel pit, which is located adjacent to its milling operations. Please visit the website at www.nicolamining.com 

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.

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Viscount Mining Announces New Highly Anomalous Gold at Flint Canyon, Cherry Creek, Nevada

August 10, 2016

VANCOUVER, BRITISH COLUMBIA--(Aug. 10, 2016) - Viscount Mining Corp. (TSX VENTURE:VML)(OTCQB:VLMGF)("Viscount" or "the Company"), is pleased to provide an update on the recently completed Phase 4 soil sampling program (1,250 samples taken) as well as geologic mapping and rock chip sampling programs in the Flint Canyon area of its Cherry Creek Property (the "Property"), which is currently being explored by Summit Mining Exploration II Inc.("Summit"), a wholly-owned US subsidiary of Sumitomo Corporation.

The soil sampling combined with previously announced anomalous rock sample results (October 29, 2015) has yielded gold (Au) and pathfinder element anomalies for Mercury (Hg), Arsenic (As), Antinomy (Sb) and Thallium (Tl) similar in size and tenor to soil and rock geochemical sampling results at other mines and advanced properties in Nevada. These include Kinross Gold's Bald Mountain mine; Newmont Mining's Long Canyon project, Agnico-Eagle's West Pequop project and Pilot Gold's Kinsley Mountain project.

Phase 4 Soil Sampling Program

The Phase 4 soil geochemical survey was concluded and results for gold are included in the May - June activity report issued by Summit for Flint Canyon on the Cherry Creek property. They state that "1250 soil samples have been collected". This includes some samples collected outside the area shown on the accompanying Flint Canyon soil and rock sample maps provided by Summit. Analysis has been by a 51‐element + gold ICP procedure (ME‐MS41 & Au‐TL43) at ALS Labs Limited, of Elko, Nevada. The sample grid spacing is 75m by 75m and tight GPS control.

The Pogonip Limestone anomaly area includes two anomalies located in close proximity to each other. The anomalies measure 500 meters NW by 300 meters NE and 250 meters NW by 125 meters NE, respectively. The highest gold in soil value for these combined anomalies is 0.345 g/t Au (0.012 oz/t).

The Dunderberg Shale anomaly measures approximately 1,200 meters by 300 meters. The highest gold value in this anomaly is 0.106 g/t Au (0.003 oz/t). The anomaly widens or bends to the east on its northern end and it appears to be controlled by the west-southwest trending Black Metal Fault in this area.

The highest gold value on the soil grid was 0.534 g/t Au (0.018 oz/t). It is located on the east side of the survey area. The two northerly trending anomalous areas located in the center and west side of the grid contains most of the anomalous gold and pathfinder element values in the Flint Canyon area. The anomalous values are open to the south and west of the western most area where soils samples were collected.

The soil gold assay map with ranges of gold values in soil shows a strong relationship between the areas with jasperoid outcrops and a surprisingly broad and strong gold anomaly on the extreme west side of the Flint Canyon area in the Pogonip Limestone. The soil gold anomaly occurs to the west of some jasperoid outcrops that are found at the contact between the Pogonip and Notch Peak formations, a common relationship found at major gold deposits in Nevada. From the distribution of anomalous gold results, there are at least two major target areas that need to be tested by several drill holes. Map showing the soil geochemical survey on Flint Canyon may be consulted using the following link: http://media3.marketwire.com/docs/viscountsoilsurvey.jpg.

Rock Chip Sampling Program

The following points concerning geology and geochemistry in the mapped area are excerpts from the Summit "Activity Report for May-June 2016".

The Flint Canyon Pogonip Limestone and Dunderberg Shale samples are highly anomalous in gold mineralization. Of the 1,250 rock samples collected in the Flint Canyon domain (includes west-southwest trending Black Metal Fault):

• Pogonip Limestone - Maximum gold grade of 0.345 g/t Au 
  
  
• Pogonip Limestone - 22 samples > 0.02 g/t Au 
  
  
• Dunderberg Shale - Maximum gold grade of 0.106 g/t Au 
  
  
• Dunderberg Shale - 46 samples > 0.02 g/t Au 
  
  

The rock chip sampling map shows that there is a very close relationship between anomalous gold assay values related to the areas at or near the jasperoid outcrops. There is also a close association of anomalous gold assays along the contact between the Dunderberg Shale and Marjum Limestone. Maps showing the rock chip survey on Flint Canyon may be consulted using the following link:http://media3.marketwire.com/docs/viscountrockchipsurvey.jpg.

Work Planned and in Progress

Summit has committed to an additional 626 soil samples at Flint Canyon to extend the anomalous trends and fill in open priority target areas. Geologic mapping and rock chip sampling continues and work is being conducted south from Flint Canyon along the western flank of the mountain range.

Road contractor Legarza Exploration & Construction has started construction on the 7,046 ft. new access road at Flint Canyon and anticipates completion shortly.

Viscount anticipates the work on drill targeting at Flint Canyon will start later this summer when all of the laboratory data are received and map data formatted in the drill computer model. A minimum of 4,380m (14,366 feet) of reverse circulation (RC) drilling of 18 holes from 10 drill pads is expected to begin in early September 2016.

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.

Mark Abrams, Viscount Technical Advisory Board, stated: "The recent soil sampling by Summit Mining at Flint Canyon has yielded gold and pathfinder element anomalies (Hg, As, Sb, Tl) similar in size and tenor to soil geochemical sampling results at other mines and advanced properties in the region, including Kinross Gold's Bald Mountain mine; and Newmont Mining's Long Canyon project, Agnico-Eagle's West Pequop project and Pilot Gold's Kinsley Mountain project. Mineralization identified by this work is hosted within and extending out from 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. Flint Canyon has continued to deliver exceptional results and we look forward to the upcoming drill program."

QC and Analytical Procedures

The soil and rock chip analytical packages have been conducted by ALS Labs Limited, of Elko, Nevada. Soil samples were collected and analyzed for 52 elements, including gold, via ME‐MS41 and, for gold, Au-TL43, with over limit analyses for Au and Ag. Rock Chip samples were collected and analyzed for 48 elements via ME‐MS61, and, gold by AuAA‐23, with over limit analyses for Au, Ag, Pb, Zn and Cu. Consult the ALS website for more information on the analytical packages being used on the Cherry Creek samples: http://www.alsglobal.com/Our-Services/Minerals/Geochemistry/Service-Schedule.

Qualified Persons

The scientific and technical information contained in this news release has been reviewed and approved by Dallas W. Davis, PEng, 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.

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

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.

CONTACT INFORMATION

Viscount Investor Relations
604-960-0535
info@viscountmining.com
www.viscountmining.com

Nicola Mining Commences Milling Operations

TSX.V: NIM
NEWS RELEASE

VANCOUVER, B.C., June 16, 2016 – Nicola Mining Inc. (the “Company”) is pleased to announce that it has commenced milling operations at its 200 tonne per day mill facility (the “Mill”), located 14 kilometers from Merritt, British Columbia.  The Company has completed successful test runs to confirm gold recovery rates and has commenced processing of material received from Gavin Mines Inc. (“Gavin Mines”).  Terms of the Milling and Profit Share Agreement (the “GMI Agreement”) were announced in the Company’s news release of May 31, 2016.    Under the GMI Agreement the Company will produce both gravity and flotation concentrates that will be sold to third parties for production of gold doré bars. The Company plans to mill the initial amount of approximately 5,000 tonnes and will consider the option of processing an additional 1,000 tonnes of material located in a separate stockpile.

The Company collected 62 representative samples, approximately 2 kg each, from 31 truckloads of material for grade control prior to processing. All samples returned significant gold grades ranging from 0.575 g/t gold to 33.6 g/t gold, with an average grade of 9.53 g/t gold. 31 of the samples collected returned values over 8 g/t gold. 

Peter Espig, Chief Executive Officer of the Company, commented, “We are very excited to have the Mill running and commencing gold processing.  The startup has had a few delays and required adjustments; however, we continue to move towards becoming BC’s newest high-grade gold and processor.”

The Company also announces that it has issued 200,000 options to a key member of the technical team.

Quality Control

The sampling of Gavin Mines mill feed was supervised by Brian May, P.Geo., a Consulting Geologist with the Company, who is responsible for the sampling procedures prior to processing at the Mill. On-site personnel at the project collected 2kg representative samples from each truckload arriving at the Mill. Samples were labeled by the Mill staff according to the truckload number. Samples were then analyzed by the geological team to determine rock type and whether the material was oxide or sulphide. The material was then given defined sample numbers, security sealed and shipped to Actlabs (ISO 17025) in Kamloops, BC for analysis. The Company routinely inserts standard reference material and rock blanks to ensure accuracy and precision.

The Company also records and documents gross weight, tare weight and net weight (in kilograms) and the arrival time and date of all trucks shipping material to site.

Qualified Person

Brian May, P.Geo., a Consulting Geologist with the Company and qualified person as defined by National Instrument 43-101, has reviewed the scientific information that forms the basis for this news release, and has approved the disclosure herein. Mr. May is not independent of the Company, as he is a shareholder of the Company.

Nicola Mining Inc. is a junior mining company listed on the TSX Venture Exchange, 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 producers. 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 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: Peter Espig

Contact: (604) 647-0142 

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.

Disclaimer for Forward-Looking Statements

This news release contains projections and forward-looking statements that involve various risks and uncertainties regarding future events. Such forward-looking statements are based on current expectations of management and a number of risks and uncertainties and are not guarantees of future performance of the Company. These statements include statements regarding the Company’s expected processing timing and capabilities, statements regarding the milling and profit sharing agreements and statements regarding potential future plans. There are numerous risks and uncertainties that could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information, including the inability of the Company to effect the expanded operations; the timing of delivery of material to the Mill site; the timing and price of delivery and processing of same; and other factors beyond the Company’s control. Actual results and future events could differ materially from those anticipated in such forward-looking statements. These and all subsequent written and oral forward-looking statements 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, the Company does not assume any obligation to update any forward-looking statements in this news release should circumstances or management’s estimates or opinions change.

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