Centrasia Mining Corp.: Cary Pinkowski to Become President and C.E.O.

VANCOUVER, BRITISH COLUMBIA (OTCBB: CTMHF)(FRANKFURT: C8M) is pleased to announce the appointment of Mr. Cary Pinkowski to the position of President and Chief Executive Officer, replacing Mr. Douglas Turnbull, effective immediately. Turnbull states, "Although I have had to step aside to address a personal family matter, I have great confidence in Cary's ability to take the leading role in the management of the company. Cary's energy, vision and passion for Russia have been key factors in our success to date. As a director, I will continue to support Cary and provide guidance during the next phase of the company's growth."

Mr. Turnbull will remain a Director of Centrasia Mining, and the Company wishes to thank Mr. Turnbull for his leadership and vision over the past 2 years.

With a wealth of experience in developing projects in Mongolia, Central Asia and Russia, Mr. Pinkowski compliments an impressive technical team and is well suited to guide the company in the next phases of development and exploration. Cary Pinkowski has over 18 years of experience in North American and EU capital markets focused on natural resource and mining industries. He brings a history of achievement from his years with Canaccord Capital. He is the founder and Chairman of CP Capital Group and founder of Entree Gold, Inc. He was instrumental in the acquisition of the Shivee Tolgoi (Lookout Hill) copper-gold project in Mongolia. He maintains residences in Vancouver and Moscow.

"We are very pleased to have Cary take on this leadership role of our Company," states Nick DeMare, Centrasia's C.F.O. "He brings a strong business background coupled with extensive business experience in identifying properties or merit and raising necessary development capital. He will provide Kola Mining with the knowledge and experience to identify and develop opportunities that will be invaluable to the Company's future growth."

Centrasia Mining Corp. ("Centrasia" or the "Company") announces the change of name to Kola Mining Corp. to better reflect its strategy of scaling operational competencies in the Kola Peninsula of Russia. The company continues to advance its Souker Nickel Asset and is evaluating additional acquisitions in the region. KM intends to expand operations, as the Kola is one of the world's top mining regions. Infrastructure is excellent; electricity, water, roads, rail, ports, and knowledgeable labour are abundant.

Kola Mining will be listed for trading on the TSX Venture shortly under the symbol "KM". 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.

Nick DeMare, C.F.O.

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

Contacts: Centrasia Mining Corp. Nick DeMare C.F.O. [phone] [phone] (FAX) Website: www.centrasiamining.com