New market study “Iron Ore Mining Market in Europe to 2020 - Abundant Reserves and Global Demand for Steel Likely to Drive Production” prepared by GBI Research has been recently published

NEW YORK, Nov.

Research and Markets (http://www.researchandmarkets.com/research/4bcf1d/china_industry_res) has announced the addition of the "China Industry Research and Investment Analysis: Iron Ore Mining Industry, 2008" report to their offering.

By Kral, Steve * U.S. minerals production down, but value increased in 2007 * Global exploration spending expands by 40 percent * U.S. coal production decreases while consumption increases Production of raw nonfuel minerals in the United States fell slightly during 2007.

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.