Blue Note Closes Private Placement of Flow-Through Shares



    Shares Outstanding: 281 Million
    Symbol & Exchange: BN-TSXV

    This press release shall not constitute an offer to sell or the
    solicitation of an offer to buy any securities nor shall there be any
    sale of securities in any state in the United States in which such offer,
    solicitation or sale would be unlawful. The securities offered will not
    be and have not been registered under the United States Securities Act of
    1933 and may not be offered or sold in the United States absent
    registration or an applicable exemption from registration requirements.

    MONTREAL, June 13 /CNW Telbec/ - Blue Note Mining Inc. (the "Company")
announces that it has closed its previously announced (May 17, 2007) private
placement (the "Offering") of flow-through common shares ("FT Shares").
    The Company raised gross proceeds of C$2,500,000.20 by issuing
4,166,667 FT Shares at a price of C$0.60 per FT Share. Octagon Capital
Corporation (the "Agent") acted as agent in connection with the Offering and
received a commission of C$200,000.01 representing 8% of the gross proceeds of
the Offering. In addition, the Agent has the option, exercisable for two
years, to acquire 333,333 common shares of the Company ("Common Shares") at a
price of  C$0.60 per Common Share.
    The FT Shares issued pursuant to the Offering are subject to a four-month
hold period which expires on October 13, 2007, as required by the TSX Venture
Exchange and under Canadian securities regulations. As a result of the
Offering, there are currently 281 million common Shares issued and
outstanding.
    Net proceeds of the Offering will be used for continued exploration and
development of the Company's properties in Canada.

    Blue Note Mining is a mineral exploration and mine development company
with properties in New Brunswick. The company's shares trade on the TSX
Venture Exchange under the symbol BN.

    Forward-Looking Statements

    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 and
competitive pressures. These factors and others are more fully discussed in
Company filings with Canadian securities regulatory authorities.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this news release.




For further information:

For further information: Lorne Woods, Vice President, Investor
Relations, Blue Note Mining, (800) 937-3095, lwoods@bluenotemining.ca,
www.bluenotemining.ca

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Blue Note Mining Inc.

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