MONTREAL, May 19 /CNW Telbec/ - Blue Note Mining Inc. ("Blue Note")
(TSXV: BNT) is pleased to announce the appointment of Mr. Stephane
Dubois, P.Eng. to the position of Vice President, Operations, taking
over for John Martin, former President and COO, who is retiring after a
41 year career in the mining industry.
During the course of his career in gold mining operations, Mr. Dubois
developed recognized expertise in narrow gold vein type systems, having
successfully performed all related functions from miner to Production
Engineer at Cambior's Sleeping Giant Mine, and most recently as Chief
Engineer with Wesdome Gold Mines.
Prior to joining Blue Note, Mr. Dubois had responsibility for all of
Wesdome's projects, including two mines in production. From 2005 to
2010, he held the position of Chief Engineer and assistant general
manager at Wesdome's Kiena complex, an underground mine reactivated to
operation in August 2006. The mine has since produced more than
1,200,000 tons generating 152,000 ounces of gold.
From 1997 to 2005, Mr. Dubois assumed increasing responsibilities to
become Production Engineer at Cambior's Sleeping Giant Mine where he
was in charge of mine planning to development and operations. The
Sleeping Giant Mine is a conventional underground mine known for its
narrow gold veins.
"In this highly competitive market for top mining professionals, we are
very pleased to attract someone with Mr. Dubois' rounded expertise, and
specifically with respect to the nature of our Croinor project.
Stephane's results-focused drive is a major factor behind his successes
in more challenging gold markets," stated Leon Methot, Blue Note's
Chairman and CEO. "Over the years, he has built an impressive network
in the Val d'Or region."
"On behalf of the Board, I sincerely wish to thank John Martin for his
contributions and dedication to the Company since its inception. We
wish him the best for his retirement", added Leon Methot.
Mr. Leon Methot, Chairman and CEO, has been appointed President of Blue
Blue Note also reports that it has issued a total of 3,250,000 incentive
stock options on May 17, 2011, subject to regulatory approval. Officers
and directors of Blue Note were granted 2,750,000 incentive stock
options. The balance of the stock options was issued to employees and
consultants of the company. These incentive stock options are
exercisable at $0.10 with an expiry date of May 17, 2016. There is an
eighteen month vesting period, which includes a four month hold period
expiring on September 17, 2011.
About Blue Note Mining
Blue Note Mining is a mineral exploration and mining company
headquartered in Montreal with properties located in known gold regions
of Canada, including the prolific Val-d'Or region of Quebec and
northern New Brunswick.
This news release contains discussion of items that may constitute
forward-looking statements within the meaning of securities laws that
involve risks and uncertainties. Although the company believes the
expectations reflected in such forward-looking statements are based on
reasonable assumptions, it can give no assurances that its expectations
will be achieved. Factors that could cause actual results to differ
materially from expectations include the effects of general economic
conditions, actions by government authorities, uncertainties associated
with contract negotiations, additional financing requirements, market
acceptance of the Company's products, technical uncertainties
associated with operating an underground mine and competitive
pressures. These factors and others are more fully discussed in Company
filings with Canadian securities regulatory authorities.
"Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release."
SOURCE BLUE NOTE MINING INC.
For further information:
Executive Vice President
(800) 937-3095 x236