VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jul 25, 2008 -- Kola Mining Corporation (CDNX:KM.V - News)(OTC BB:KMNFF.OB - News)(Frankfurt:C8M.F - News) is pleased to announce the grant of incentive stock options to purchase up to 2,600,000 shares at $0.36 for a period of five years.

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

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

Igor Kovarsky, President & CEO

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

     Contacts:
     Kola Mining Corp.
     Andrew Fedak
     (604) 694-1600
     Website: http://www.kolamining.com