Nova Mining Corp Receives Second Lithium Supply Agreement From Major Chinese Battery Manufacturer

SAN ANTONIO--()--Nova Mining Corp. (OTCBB:NVMN) celebrated the news from China today that Company management has executed an unprecedented second LOI for the supply of lithium to a major battery manufacturing company in Shenzhen, China. The second Chinese manufacturer is the Shirui Battery Company. Shirui is a major international manufacturer and supplier of lithium-ion batteries for electric vehicles, smartphones, computing tablets and cameras. Shirui’s corporate website can be seen at http://srbattery.com.cn

President James Dilger personally traveled to China for the purpose of negotiating lithium pricing with battery manufacturing companies located there. Dilger has described the Chinese company’s efforts to seek lithium supplies as “very aggressive”.

Last week, Nova Mining Corp executed their first LOI in China for the supply of lithium to Asia Power International Company. Asia Power International is also a major international manufacturer and supplier of lithium-ion batteries for the computing and smartphone industry and is located in Shenzhen as well. After experiencing the active seller’s market for lithium in China, Mr. Dilger made the decision to pursue multiple lithium supply arrangements there. To provide maximum shareholder value, Dilger’s focus has been to leverage the best possible positions for Nova Mining, while taking advantage of the current lithium supply crunch.

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 electronic devices, Google’s (NASDAQ: GOOG) popular new Nexus 7 tablet and Tesla Motor’s new performance 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

Nova Mining Corp has won an unprecedented 2nd agreement to supply lithium to a major Shenzhen battery manufacturer. (Photo: Business Wire)

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Release Summary

Nova Mining Corp has been awarded a second lithium agreement in Shenzhen, China as lithium prices skyrocket.

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Contacts

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