Rarsa from DeviantART gets credit for this find. It's an activity page from an issue of the Swedish children's magazine Disneykul ("Disney Fun") that (according to Rarsa) was published in the mid-00's.
The object of the game is to order the cubs by their coat colors, going from lightest to darkest. This scan isn't the best, but there are individual scans of the cubs in Rarsa's gallery that are slightly sharper (they're still pretty bluish, though)
Cub A: Anyone else think this looks like a cub version of Nala as she appears in Simba's Pride? She's got the chunky build, the pale fur, and of course, the bright blue eyes. I've seen a lot of post-SP blue-eyed Nalas appearing in TLK comics, but this is the first time a blue-eyed Nala and the real Nala have appeared together. I guess Nala really did have a stunt double.

Cub B: Obviously Nala.
Cub C: I initially suspected this magazine of being published after SP was released because this guy's color scheme matches the ones from some of the non-movie versions of Kovu almost exactly. I mean, look at the Kovu from Disney's Gamebreak! in this collage I did (the one on the far right) -- he's got the same slightly lighter belly fur as this new cub. It's like Active Play Kovu and Gamebreak! Kovu's colors got mushed together and slapped onto a Simba-like cub. (Though that is a unique nose shape, I must admit.) EDIT: And holy cow -- I just realised how huge his right foreleg is.
Cub D: This guy reminds me a little of the cub Nuka beanie tag. He's got a pretty pale tail tuft, too.
Cub E: Looks like a washed-out version of Kula, with Kiara's looks. ("Kulara?")
And something I just realised: Cub A and B look like they could be Kovu and Vitani's parents. Maybe not as good a match as these two, but still...