NVMN Secures $2 Million Line of Credit to Implement Aggressive New Business Focus

SAN ANTONIO--()--Nova Mining Corp. (OTCBB:NVMN) announced today that the Company has secured a $2 Million line of credit in order to fund their aggressive new business focus on mining high-demand minerals and materials that are in extremely short supply.

Nova Mining Corp. (NVMN) aggressively seeks out mining projects and sales of strategic high-demand minerals, such as natural diamonds, Lithium and copper. Natural diamond prices increased 49% in the first half of 2011, accelerating after two years of 30% annual growth. Lithium is currently in very high demand and expected to be in short supply soon as world demand for Lithium-Ion batteries grows exponentially. Copper is also becoming a highly valued strategic metal as infrastructures expand worldwide.

More information on Nova Mining Corp can be seen at: http://www.nova-mining.com

About Nova Mining Corp. (OTCBB: NVMN)

Nova Mining Corporation is a Nevada corporation listed on the OTCBB under the trading symbol NVMN. The Company’s is a growth-focused entity that seeks to acquire an international portfolio of strategic mineral mining assets. The Company operations philosophy includes securing local partners with strong management abilities and proven records for low production cost and high return on investment. Nova Mining is listed on the NASDAQ OTC exchange under the symbol NVMN. NVMN competes in an industry sector that includes the Global X Lithium ETF (NYSEARCA: LIT), Sociedad Quimica y Minera (NYSE: SQM), the Hecla Mining Company (NYSE: HL) and Raytheon (NYSE: RTN).

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

Contacts

Nova Mining Corporation
James Dilger, 210-581-7753

Release Summary

NVMN Secures $2 Million Line of Credit to Implement Aggressive New Business Focus.

Contacts

Nova Mining Corporation
James Dilger, 210-581-7753