2010

Kola Mining Advances Souker Ni-Cu Deposit

Vancouver, British Columbia, April 6, 2010.  As previously announced Kola Mining Corporation ("Kola Mining", "the Company") (TSX.V KM, Frankfurt: C8M) has been working to prepare an in house Due Diligence (TEO Konditsiy) study on the Souker Ni-Cu property. The Souker property is located on the Kola Peninsula, Russia , and is owned 100 % by the Company. The Due Diligence study (TEO Konditsiy) was completed and filed with local state agencies in December 2009. In order to deal with recent improvements in commodity prices and to deal with the comments of the state agencies on the study filed, the Company is pleased to announce that it has retained a local consulting firm, NBL Gold, to prepare an updated Due Diligence study (TEO Konditsiy) on the Souker project. NBL Gold will be responsible for the development of ore enrichment technologies and will be working on the economic study of the project.

NBL Gold is a group of engineering companies with one UK-based and three Russia-based offices totaling 100 employees, including geologists, geotechnical, mining and mineral processing engineers, as well as engineers of other related disciplines, environmental scientists, mineral economists and mineral commodity market analysts, with over 15 years of continuous experience in Russian and international engineering studies.

Since 2008, when the Company acquired its interest in the Souker Ni-Cu Property, the Company has completed a large exploration and development program including a NI 43-101 compliant resource estimate audited by SRK Consulting (Canada) Inc. 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.  

The Company continues working on Russian resource calculation and enrichment technologies.  The objective of the work is to meet the work requirements of the license agreement and get all necessary permits from the State resources authority (GKZ).

Victor Tskhovrebov , CEO and President, commented; “We are pleased to work together with a world class consultancy house as NBL Gold on our project.  Souker is one of the largest undeveloped sulfide nickel deposits in the world. We are encouraged by the recent developments on base metal markets and feel very confident regarding future nickel prices going forward.”

To find out more about Kola Mining Corp., please visit the Company website at www.kolamining.com.

The TSX Venture Exchange does not accept responsibility for the adequacy or the accuracy of this release.

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.