Kola Hires Investor Relations Consultant and Undertakes Market Awareness Program

November 21, 2005
Vancouver, B.C., November 21, 2005 - Kola Mining Corp. ("Kola") announces that it has retained Vancouver based Jordan Shapiro to design and implement a comprehensive public and investor relations strategy for Kola.

Mr. Shapiro has nine years of experience in the financial services industry. He spent six years serving clients in Canada and the United States as an Investment Advisor at Canaccord Capital Corporation, Canada's largest independent securities dealer. In 2002, Mr. Shapiro founded Hudson Capital Corporation, a financial consulting firm assisting companies in areas of corporate finance, business development and investor relations. The board and management of Kola believes that Mr. Shapiro's investment marketing experience and understanding of global capital markets is a strong asset for Kola Mining.

Mr. Shapiro, who is arm's length to Kola, has been retained on a monthly basis at a fee of $2,500 per month, which will be paid from existing working capital. The Company has also granted him an option to purchase up to 100,000 shares at $0.79 for a period of five years.

Kola also announces that it has signed a one-year agreement with Stockgroup Media of Vancouver, Canada to provide news distribution and market awareness services. Stockgroup, founded in 1995, owns and operates web-based financial research centers for the investment community including www.smallcapcenter.com and www.stockhouse.com. In addition, Stockgroup licenses financial web applications to public companies and financial institutions.

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

"Douglas Turnbull"

Douglas Turnbull
President & C.E.O.