NVMN: Renowned Geologist Takes the Reins at Nova Mining Corp

MARCELLUS, N.Y.--(BUSINESS WIRE)--

Nova Mining Corp. NVMN announced today that the Company has appointed Dr. Duncan Bain as President. Dr. Bain has been President of Duncan Bain Consulting, Ltd. for the past twenty-five years. He earned a B.Sc. and a Ph.D. in geology from the University of Western Ontario in 1977 and 2010, respectively. He is a member of the Professional Geoscientists of British Columbia and Ontario.

With over 30 years of experience, Dr. Bain began his career as a geologist in 1977 after receiving his degree from the University of Western Ontario. Following ten years of direct experience in the field, Bain started Duncan Bain Consulting Ltd., an elite mineral deposits firm that provides review, mapping, sampling, staking and report preparation services of minerals properties across the world including Canada, the United States, Mexico, Peru, Saudi Arabia, China, Colombia, Ecuador, Portugal and Papua/New Guinea.

Nova Mining Corp. (NVMN) strongly believes that current market conditions are extremely favorable for diamond prices and sales due to the new significant demand being placed on the existing worldwide diamond supply. New manufacturing methods requiring superior cutting materials, the need for more diamond tipped oil drilling bits and rapidly rising demand in Asia resulted in a staggering price increase of 49% in the first half of 2011, accelerating after two years of 30% annual growth. Due to these steadily increasing market trends, the Company is initially focusing on diamonds, but is also looking to build a mining asset portfolio that contains copper and gold resources.

Nova Mining Corp. (NVMN) aggressively searches out and acquires the most promising strategic mining resources worldwide. NVMN competes in an industry sector that includes the Harry Winston Diamond Corporation HWD, the Hecla Mining Company HL AngloGold Ashanti Ltd. AU, and Harmony Gold Mining Ltd. HMY.

About Nova Mining Corp. NVMN

Nova Mining Corporation is a Nevada corporation listed on the OTCQB under the trading symbol NVMN. The Company's is a growth-focused company that seeks to acquire an international portfolio of viable mining projects ready for further development. 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.

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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