2005

Kola Lists on the Frankfurt Exchange

Vancouver, B.C., November 18, 2005 - Kola Mining Corp. ("Kola") announces that its shares now trade on the Frankfurt Stock Exchange under the symbol C8M (ISIN# CA15626R1029).

The Frankfurt Exchange, which offers fully electronic trading facilities, is the largest German stock exchange. It is the world's third largest stock exchange behind the NYSE and Nasdaq. Kola's management anticipates the new Frankfurt listing will not only enhance the company's market liquidity, but also broaden the company's shareholder base. The Frankfurt listing will provide easier access to Kola's shares for both private and institutional investors in Europe. For more information please visit the Frankfurt Stock Exchange's website at http://deutsche-boerse.com.

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

"Douglas Turnbull"

Douglas Turnbull
President & C.E.O.