NVMN: Lithium Buyers Could be Caught without Supplies after Apple iPhone 5 Launch

  NVMN: Lithium Buyers Could be Caught without Supplies after Apple iPhone 5
  Launch

Business Wire

SAN ANTONIO -- August 14, 2012

Nova Mining Corp. (OTCBB: NVMN) announced today that they are working out
logistics for using rail between Mongolia and Shenzhen, China as a desired
means for transporting lithium. The Company is currently pursuing a Definitive
Agreement with Mongolian National Mining Consultants Limited (MNMC) for the
exclusive right to purchase 100% of the Lithium produced from MNMC mining
properties at a discount to market price. Recently, the Company learned that
it may have as much as $12Bil in lithium product available at the MNMC
properties in Mongolia. Company management has come to the decision that rail
could offer lower costs, more reliable scheduling and quicker delivery.

China's developed rail system could be very instrumental in supplying
critically short lithium to it ...

China's developed rail system could be very instrumental in supplying
critically short lithium to its electronics manufacturing centers. (Photo:
Business Wire)

The importance of reliable transportation and quicker delivery may become
advantageous, considering the upcoming and highly-anticipated Apple (NASDAQ:
AAPL) iPhone 5 release. Nova Mining Corp calculates that the iPhone 5 release
will have an equal or greater effect on tightening lithium supplies and
raising prices worldwide as the recent iPad launch had. As such, Company
management feels that any escalating demand on already short lithium supplies
may leave some buyers out in the cold.

Nova Mining Corp enjoyed recent successful negotiations concerning supplying
lithium in Shenzhen, receiving three supply deals for the critically short
mineral in July. Management would like to take advantage of the close
proximity of Mongolia to Shenzhen and any transportation positives available.
As part of the Company’s business model, reliable supply of product could
become a valuable point of leverage in the current lithium “seller’s market”.

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 Apple’s popular
iPhones and iPads, Google’s (NASDAQ: GOOG) new Nexus 7 tablet and Tesla
Motor’s (NASDAQ: TSLA) new performance electric cars.

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.

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

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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Contact:

Nova Mining Corp
James Dilger, 210-581-7753