Kola Mining Corp. reported that Mr. Michael Iannacone has been appointed a director of the company. Mr. Iannacone completed five years with Coopers and Lybrand, working in audit related functions, with primary focus on natural resources and precious metals sector.

Since leaving public practice Mr. Iannacone has worked in various operational and finance related positions for companies (both public and private) in such industries as software development, mineral resource development, mineral resource/precious metals production, industrial valve application and marine transportation. In addition to this director appointment, the company also reported that Mr. Harvey Lim has been appointed Chief Financial Officer of the company. Mr. Lim is currently a director of the company.