Kola Completes $450,000 Financing

KOLA MINING CORP.

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

NEWS RELEASE MARCH 9, 2015

KOLA COMPLETES $450,000 FINANCING

Vancouver, Canada – Kola Mining Corp. (“Kola” or the “Company”) (TSXV: KM) is pleased to report that it has completed the non-brokered private placement previously announced on February 10, 2015. The Company issued 9,000,000 units (a “Unit”), at $0.05 per Unit, for gross proceeds of $450,000. Each Unit comprised one common share (a “Share”) and one-half of a share purchase warrant, with each whole warrant (a “Warrant”) entitling the holder to purchase an additional common share (a “Warrant Share”), at $0.05 per Warrant Share, until March 5, 2020. The above Shares, Warrants and any Warrant Shares issued are subject to a four month hold period expiring July 6, 2015. Proceeds of the private placement will be used for general working capital.

In addition, the Company reports that pursuant to this transaction, Mr. Nick DeMare, the President and CEO of the Company, directly acquired 1,000,000 Units and indirectly acquired 1,000,000 Units through DNG Capital Corp. (“DNG”), a private company owned by Mr. DeMare, and 395,000 Units through 888 Capital Corp. (“888”), a private company 50% owned by Mr. DeMare.

Subsequent to the above acquisition, together with the shares Mr. DeMare previously owned, Mr. DeMare now owns or controls, in aggregate, 3,263,281 common shares of the Company, representing 18.03% of the current issued and outstanding shares of the Company. Assuming the exercise of the Warrants acquired by Mr. DeMare, DNG and 888 under this private placement only, Mr. DeMare would own or control 4,460,781 common shares, representing 23.12% on a partially diluted basis. Mr. DeMare has acquired the units for investment purposes and may in the future acquire or dispose of securities of the Company, through the market, privately or otherwise, as circumstances or market conditions warrant.

This press release is a joint press release of the Company and Mr. DeMare.

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

Forward Looking Statements This Company news 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 available to the Company's management as of the date of this news release. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer or landholders relations, 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.

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.