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Nova Mining Corp. Notified by MNMCL of New Additional Mining Sites under Negotiations in Kazakhstan

September 13, 2012

SAN ANTONIO, Sept. 13, 2012 /PRNewswire/ Nova Mining Corp. (OTCBB: NVMN) disclosed that the Company has just received written notice that their business associate Mongolian National Mining Consultants Limited (MNMCL) is in negotiations to add several new mining sites in Kazakhstan.

Nova Mining Corp has already received a third-party estimate of the commercially recoverable lithium deposits owned by MNMCL that are under contract by Nova Mining Corp to be in excess of $12 Billion USD. Nova Mining is in the final stages of negotiating a definitive Mineral Purchase Agreement to purchase 100% of the lithium produced by MNMCL at the Mongolian sites at a substantial discount to market price. The receipt of written notice that more properties in Kazakhstan are under negotiations could prove to be optional additional lithium product to be made available to Nova Mining Corp. In the current lithium “seller’s market”, more available lithium could potentially mean significant additional sales for the Company.

Mongolian National Mining Consultants Limited is a Hong Kong company, with its principal business operations in Ulaanbaatar, Mongolia. MNMCL is the registered owner of twenty-five mining properties that are located in Mongolia.

Nova Mining Corp. (NVMN) seeks out the most potentially lucrative mining projects, supplies and sales of strategic high-demand minerals, such as lithium, as part of its aggressive economic business model. Lithium is in short supply because it is needed for making long life batteries, like those used in Apple’s popular iPhones and iPads, Google’s new Nexus 7 tablet and Tesla Motor’s new performance electric cars.

About Nova Mining Corp. (OTCBB: NVMN)

Nova Mining Corporation is a Nevada corporation listed on the OTCBB under the trading symbol NVMN. The Company is a growth-focused entity that seeks to acquire an international portfolio of strategic high-demand mineral mining assets. Nova Mining competes in an industry sector that includes FMC Corp.

More information on Nova Mining Corp can be seen at: http://www.nova-mining.com

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

Media Contact:
James Dilger
Nova Mining Corp
(210) 581-7753

SOURCE Nova Mining Corp.


Source: PR Newswire