Kola Welcomes Robert Goldsobel to the Board

Kola Mining Corporation ("Kola Mining, the Company") (TSX VENTURE: KM)(FRANKFURT: C8M) is pleased to announce the appointment of Robert Goldsobel as a new director of the Company.

Robert Goldsobel started working in the London Metal Exchange in 1970. He was a ring dealer and was first employed by the most important copper trading house at that time Anglo Chemical and Ore. Robert was first associated with the Tin Industry in 1977 while working with Philip Brothers specialising in trade with former CIS countries. He was a member of the LME tin committee from 1983 until 2002 and was part of the steering committee that returned tin trading to the LME in 1987. He has been associated with all areas of tin production and consumption both in Russia and world-wide for more than 30 years. He is a director of Czvetmetholdings where he has advised on the acquisition and development of various tin assets in Russia.

"We are pleased to have such a well established thought leader from the tin industry join our board. We look forward to working with Mr. Goldsobel on advancing and negotiating future metal projects with Kola Mining", states Mikhail Yuriev, Chairman of Kola Mining.

For further information on Kola Mining Corp., please visit the company website at www.kolamining.com.

On behalf of the Board of Directors of KOLA MINING CORP.

Victor Tskhovrebov, President & C.E.O.

Forward Looking Statements

This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.

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 NEWS RELEASE.

---