Kola Arranges Loan Agreement

KOLA MINING CORP.

1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7 Phone: +1.604.685.9316 / Fax: +1.604.683.1585

NEWS RELEASE July 12, 2013

KOLA ARRANGES LOAN AGREEMENT

Vancouver, Canada – Kola Mining Corp. (“Kola” or the “Company”) (TSXV:KM) announces that a loan agreement with a company wholly owned by the President has been arranged in order to provide necessary funding to pay urgent debts, including audit fees, listing and filing fees and transfer agent fees.

With the change in management, the Company is now confident that it will have the necessary funding in place in order to continue and expand its operations.

On behalf of the Board, Company Information

“Nick DeMare” 1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7 Nick DeMare, President & CEO Company Contact: Nick DeMare +1 (604) 685 9316

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.