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Kola Mining Corporation (KM: TSXV, OTCBB: KMNFF, Frankfurt: C8M) is a Vancouver, Canada based Mineral Exploration Company, with its head office in Vancouver, Canada, and exploration offices in Apatity, Russia, Bishkek, Kyrgyzstan and Almaty, Kazakhstan. 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 Tien Shan Gold belt of central Asia. The Tien Shan Gold Belt is one of the most prolific gold belts in the World extending from Uzbekistan in the west into China and Mongolia to the east. The Tien Shan Gold belt is host to one of the world's largest concentrations of multi million ounce gold and silver deposits in the world. The company is currently exploring three precious and base exploration projects covering more than 1400 square kilometres of the Tien Shan Gold Belt, all within the country of Kyrgyzstan.

Kola Mining’s focus in this region is the ongoing Bulakashu project. The Bulakashu Property covers approximately 125 square kilometres of the Bulakashu mining district in the Chui Oblast, Panfilov Region of the Republic of Kyrgyzstan. It is easily reached by driving on good quality paved roads 120 kilometres southwest of Bishkek.

The Bulakashu License falls within a broad band of mineral deposits which are locally referred to as the Kyrgyz-Kungey mineral belt which have historically produced appreciable gold and copper. Extensive prospecting in this belt by Soviet expeditions identified 24 gold and gold-copper occurrences and 3 placer gold occurrences within the present Bulakashu license area. The most significant prospects, Karabulak and Severny were extensively trenched and sampled. Trench samples at Karabulak contained up to 122 g/t Au.

Exploration work previously completed on Bulakashu Property returned encouraging results. Drilling to date has only defined the northern limit of the gold mineralization and the strongest part of the geophysical and geochemical anomaly defining the gold zone is yet to be drilled. While at this time the Souker project in Russia remains the Company’s focus, the results to date at Bulakashu indicate there are opportunities for additional work and management will continue to identify opportunities to realize value from this Kyrgyz project.

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.