2010

Kola Announces the Resignation of Robert Goldsobel as a Director

Vancouver, British Columbia February 10, 2010, Kola Mining Corporation (Toronto TSXV: KM, Frankfurt: C8M) wishes to announce that Robert Goldsobel has resigned as a director of the Company.

For further information on Kola Mining Corp., please visit the company website at www.kolamining.com.

On behalf of the Board of Directors of

KOLA MINING CORP.

“Victor Tskhovrebov"
_________________________________
Victor Tskhovrebov
President & C.E.O.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.


Contact:

Kola Mining Corp.
604.694.1600
www.kolamining.com

Forward Looking Statements

This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.