Kola Mining Corp - Home Page

Kola Mining Corporation (TSX-V: KM, Frankfurt: C8M) is a Vancouver, Canada based Mineral Exploration company, with the offices in Vancouver, Canada and Moscow, Russia. The Company is engaged in the identification, acquisition, exploration and development of precious and base mineral properties in Russia, Eastern Europe and Central Asia. The Company was established in 2005 as Centrasia Mining and changed its name in 2008 to better reflect the strategy of becoming a producing mining company with the development of the cornerstone Souker Nickel Project in the Kola Peninsula of Russia. Highlights of the Souker project include:

•	The Souker project located in the Kola region – the second largest region in Russia in terms of known nickel-copper ore deposits.

•	NI 43-101 Technical Report on Souker reports resource estimates comprising over 1.97 billion lbs (898,000 tonnes) of nickel (Indicated and Inferred) and 478 million lbs (218,000 tonnes) of copper (Indicated and Inferred)

•	Over $28 million has been raised to date for acquisition and exploration activities.

•	Excellent mining infrastructure surrounds the Souker project, including ample electric power and water on the property, paved access roads to the project site. There is a rail siding within 3 km, as well as a deep-water all season port at Pechenga that is only 35 km away from the site. The property is situated within 12 km of the smelter at the town of Nickel, and 14 km of the smelter at the town of Zapolyarny. A trained nickel mining workforce is available in those towns.

•	Scoping and Feasibility studies on Souker project are expected to be completed by the end of 2008 and 2009 respectively.

Another area of interest for Kola Mining is the Bogunay Gold Property in Krasnoyarsk Territory, South Siberia, Russia. Kola Mining Corp. has signed an agreement to acquire a Russian company, OOO Artel Staratelei Angarskaya Proizvodstvennaya Kompania (“OOO”), that owns a 100% interest in the Bogunay Gold Property.

Based on non-compliant (and therefore not disclosable) Russian resource estimates and other historic information the Company has estimated a potential target ranging in tonnage from 5,800,000 to 9,400,000 tonnes, at grades ranging from 2 to 10 g/t Au, for total contained gold ranging from 22.2 tonnes to 40.1 tonnes or 648,000 ounces to 1,171,000 ounces. The area includes the Bogunay mine area, old mine tailings and other exploration targets within the property boundary.

The Property is located 196 km from Krasnoyarsk, center of Krasnoyarsk Territory, South Siberia, Russia. It is accessed via graded gravel road (12 km) and is 16 km to the nearest railway station. The project has excellent access to power, water and a qualified local workforce.

The Bogunay mine was in operation from 1936 to 1951 and is reported to have run at an average grade of 8.5 g/t Au. The area had been closed due to its proximity to a Soviet strategically sensitive location until 2002, at which time a license to conduct exploration and subsequent production of gold was issued. It is in effect until 2026. Since the issuance of the license, more than US$2 million has been invested in exploration of the licenses. This work has included drilling, ground and airborne geophysics, trenching and chip sampling, environmental and as well as several other studies.

Kola plans to process old mine tailings utilizing a local mill. It is also considering using this mill along with contract miners to start early production from the old mine which could generate near term cash flow for the Company.

Kola Mining is led by an experienced, knowledgeable management team, with a wealth of experience that include both, technical expertise in precious and base metal exploration and extensive knowledge of government processes. Kola is fortunate to have strong financial backing with key strategic relationships with CP Capital Group.

Kola's long term goal is to develop and maintain a balanced project portfolio covering the spectrum of early stage to advanced, near term production stage projects. To accomplish this goal, the company continues to dedicate people and resources for its ongoing project generation and development efforts.