July 25, 2008

Kola Mining Announces Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 25, 2008) - Kola Mining Corporation (TSX VENTURE:KM)(OTCBB:KMNFF)(FRANKFURT:C8M) is pleased to announce the grant of incentive stock options to purchase up to 2,600,000 shares at $0.36 for a period of five years.

To find out more about Kola Mining Corp., please visit the company website at www.kolamining.com.

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

Igor Kovarsky, President & CEO

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