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.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 21, 2008) - Kola Mining Corporation (TSX VENTURE:KM)(OTCBB:KMNFF)(FRANKFURT:C8M) ("The Company") is pleased to announce the appointment of Mr. Igor A.

Kola Mining Corporation (TSX VENTURE: KM)(OTCBB: KMNFF)(FRANKFURT: C8M) ("The Company") is pleased to announce that it has closed the private placement announced in its June 27, 2008 news release. A total of 33,333,334 units have been issued at $0.30 per unit raising gross proceeds of $10,000,000.

Kola Mining Corporation (TSX VENTURE: KM)(OTCBB: KMNFF)(FRANKFURT: C8M) ("The Company") is pleased to announce a NI 43-101 compliant resource at the Souker project on the Kola Peninsula, Russia of 103,000,000 tonnes at a grade of 0.26% Ni and 0.06% Cu classified as Indicated Mineral Resources and an additional 261,000,000 tonnes at a grade of 0.24% Ni and 0.06% Cu classified as Inferred Mineral Resources, containing a combined indicated and inferred resource of 1.977 billion pounds (898,000 tonnes) of nickel metal.

Kola Mining Corporation (TSX VENTURE: KM)(OTCBB: KMNFF)(FRANKFURT: C8M) ("The Company") announces encouraging results of mineralogical investigation, commencement of geotechnical drilling program, and additional consistent drill results from the ongoing infill drill program at its 100% owned, Souker Nickel-Copper project ("Souker") in the Kola Peninsula of northwestern Russia.