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Nicola Mining and Its Partner Ocean Partners Provide $10.0 Million in Financing to Blue Lagoon Resources Inc.

Vancouver, British Columbia--(Newsfile Corp. - August 10, 2026) - Nicola Mining Inc. (NASDAQ: NICM) (TSXV: NIM) (FSE: HLIA) (the " Company" or "Nicola ") is pleased to announce that it, and Ocean Partners UK Limited1 ("Ocean Partners") have committed to a combined $10.0 million in financing to Blue Lagoon Resources (CSE: BLLG) ("Blue Lagoon"). The financing consists of two equal tranches, with Nicola investing $5.0 million and Ocean Partners investing $5.0 million, to support the continued development and production ramp-up of Blue Lagoon's 100%-owned Dome Mountain Gold and Silver Project, located near Smithers, British Columbia2.