Nova Mining Corp Awarded Lithium Supply Agreement From First Major Chinese Battery Manufacturer

SAN ANTONIO--()--Nova Mining Corp. (OTCBB: NVMN) announced today that Company management has executed an LOI for the supply of lithium to Asia Power International Company, Ltd. of Shenzhen, China. Asia Power International is a major international manufacturer and supplier of lithium-ion batteries for the computing and smartphone industry. Asia Power International’s corporate website is located at www.asiapowercn.com/about.html.

President James Dilger arrived in China last Friday for the purpose of negotiating lithium pricing with battery manufacturing companies located in Shenzhen. Since arriving in China, his negotiations have extended to include companies located in Beijing as well. Dilger has described the Chinese company’s efforts to seek lithium supplies as “very aggressive”.

Since his arrival in China, Mr. Dilger has decided to pursue multiple lithium supply arrangements while he is there. To provide maximum shareholder value, his focus is to leverage the best possible positions for Nova Mining during the current lithium shortage.

According to Dilger “Phenomenal Apple (NASDAQ: AAPL) iPad sales, exploding smartphone manufacturing and multiple tablet brand manufacturing are openly credited with sparking this lithium shortage and prices have already tripled. It is no secret that Chinese manufacturers would want to do everything in their power to support those manufacturing efforts by not running out of the main ingredient for long-life batteries for their electronics production industry.”

Nova Mining Corp. (NVMN) seeks out the most potentially lucrative mining projects, supplies and sales of strategic high-demand minerals, such as lithium, as part of its aggressive economic business model. Lithium is the main ingredient in long life batteries, like those used in many of Apple’s popular electronic devices, Microsoft’s new Surface tablet and Tesla Motor’s new electric cars.

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 is a growth-focused entity that seeks to acquire an international portfolio of strategic high-demand mineral mining assets. Nova Mining competes in an industry sector that includes FMC Corp.

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.

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Contacts

Nova Mining Corp.
James Dilger, 210-581-7753

Asia Power International Company of Shenzhen has executed a lithium purchase agreement with Nova Mining Corp. (Photo: Business Wire)

Asia Power International Company of Shenzhen has executed a lithium purchase agreement with Nova Mining Corp. (Photo: Business Wire)

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Release Summary

Nova Mining Corp is awarded lithium supply agreement from first major Chinese battery manufacturer. Lithium is expensive and in very high demand in China for electronics battery manufacturing.

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Contacts

Nova Mining Corp.
James Dilger, 210-581-7753