Blue Note Mining Inc. Announces Closing of Over-Allotment Option



    /THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR
    FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER
    TO SELL OR THE SOLICITATION OF AN OFFER TO BUY THE SECURITIES DESCRIBED
    HEREIN/

    Shares outstanding: 362,840,205
    Symbol & Exchange: BN-TSXV

    MONTREAL, Dec. 7 /CNW Telbec/ - Blue Note Mining Inc. (the "Company")
(TSXV symbol: "BN") announced today that it in connection with its previously
announced public offering (the "Offering") of units (the "Units") consisting
of one common share and one-half of one warrant, Desjardins Securities Inc.
and Salman Partners Inc. (the "Agents") have exercised the warrant portion of
the over-allotment option granted to the Agents for an additional
5,362,500 warrants at a price of $0.10 per warrant, representing gross
proceeds to the Company from the exercise of the over-allotment option of
$536,250.
    The net proceeds of the Offering will be used for operating working
capital, repayment of long term debt, administrative working capital, and the
Company's corporate growth plan.
    The Units, the common shares, the warrants and the common shares issuable
upon exercise of the warrants have not been and will not be registered under
the United States Securities Act of 1933, as amended (the "1933 Act"), and may
not be offered or sold in the United States or to U.S. Persons (as defined in
Regulation S under the 1933 Act) except in accordance with an exemption from
the registration requirements of the 1933 Act and applicable state securities
laws. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities
in any jurisdiction in which such offer, solicitation or sale would be
unlawful.

    Blue Note Mining Inc. is a Canadian mining company headquartered in
Montréal with operations in Bathurst, New Brunswick. The Company's shares
trade on the TSX Venture Exchange under the symbol "BN".




For further information:

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

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Blue Note Mining Inc.

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