Blue Pearl Invites Investors to Molybdenum Outlook Presentation on March 5 During PDAC 2007



    TORONTO, March 5 /CNW/ - Blue Pearl Mining Ltd.,
(TSX:BLE)(TSX:BLE.WT)(TSX:BLE.WT.A)(FRANKFURT:A6R) the world's largest
publicly traded, pure molybdenum producer, invites investors to a presentation
on the molybdenum market outlook by Mark Wilson, Blue Pearl's Vice President
of Sales and Marketing, on Monday, March 5, 2007 at 5:45 p.m. at the Caledon
Room of the Intercontinental Hotel in Toronto.
    The presentation will coincide with PDAC 2007, which is a mining
convention being held March 4-7 at the Metro Toronto Convention Centre
adjacent to the hotel (located at 225 Front Street West).
    The molybdenum outlook presentation is open to all interested individuals
whether or not they are registered at the PDAC convention.
    In addition, investors and the media are invited to an update and outlook
presentation on Blue Pearl by Ian McDonald, Executive Chairman, at 3 p.m. on
March 5 at PDAC 2007's Exchange Forum and to meet Blue Pearl executives at the
company's booth exhibit (No.4302). Registration for the Exchange Forum and
exhibit hall is free.

    About Blue Pearl Mining Ltd.

    Blue Pearl is the world's fifth-largest producer of primary molybdenum
with operations in North America. The company in October 2006 purchased the
Thompson Creek open-pit molybdenum mine and mill in Idaho, the Endako open-pit
mine, mill and roasting facility in Northern British Columbia, and a
metallurgical roasting facility in Langeloth, Pennsylvania. Blue Pearl is also
developing a high-grade underground molybdenum mine near Smithers, B.C. The
company has more than 700 employees. Its sales and marketing office is located
in Denver, Colorado and its head office is in Toronto, Ontario. More
information is available at www.bluepearl.ca.

    Cautionary Note Regarding Forward-Looking Statements

    This news release contains "forward-looking information" which may
include, but is not limited to, statements with respect to the future
financial or operating performance of Blue Pearl, its subsidiaries and its
projects, the future price of molybdenum, the estimation of mineral reserves
and resources, the realization of mineral reserve estimates, the timing and
amount of estimated future production, costs of production, capital, operating
and exploration expenditures, costs and timing of the development of new
deposits, costs and timing of future exploration, requirements for additional
capital, government regulation of mining operations, environmental risks,
reclamation expenses, title disputes or claims and limitations of insurance
coverage. Often, but not always, forward-looking statements can be identified
by the use of words such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes"
or variations (including negative variations) of such words and phrases, or
state that certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved.
    Forward-looking statements involve known and unknown risks, uncertainties
and other factors which may cause the actual results, performance or
achievements of Blue Pearl and/or its subsidiaries to be materially different
from any future results, performance or achievements expressed or implied by
the forward-looking statements. Such factors include, among others, general
business, economic, competitive, political and social uncertainties; the
anticipated benefits of the acquisition not occurring in the expected time
frame or at all; the actual results of current exploration activities; actual
results of reclamation activities; conclusions of economic evaluations;
changes in project parameters as plans continue to be refined; future prices
of molybdenum; possible variations of ore grade or recovery rates; failure of
plant, equipment or processes to operate as anticipated; accidents, labour
disputes and other risks of the mining industry; political instability,
insurrection or war; delays in obtaining governmental approvals or financing
or in the completion of development or construction activities, as well as
those factors discussed in the section entitled "Risk Factors" in Blue Pearl's
short form prospectus dated October 13, 2006 which is available on SEDAR at
www.sedar.com.
    Although Blue Pearl has attempted to identify important factors that
could cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that cause
actions, events or results to differ from those anticipated, estimated or
intended. Forward-looking statements contained herein are made as of the date
of this news release and Blue Pearl disclaims any obligation to update any
forward-looking statements, whether as a result of new information, future
events or results or otherwise. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements. Blue Pearl
undertakes no obligation to update forward-looking statements if circumstances
or management's estimates or opinions should change. Accordingly, the reader
is cautioned not to place undue reliance on forward-looking statements.

    Shares Outstanding: 103,270,030





For further information:

For further information: Blue Pearl Mining Ltd: Ian McDonald, Executive
Chairman, (416) 860-1438, Email: info@bluepearl.ca; Blue Pearl Mining Ltd:
Wayne Cheveldayoff, Director, Investor Relations, (416) 860-1438 or Toll Free:
1-800-827-0992, Email: wcheveldayoff@bluepearl.ca, Website: www.bluepearl.ca;
Renmark Financial Communications Inc: Christina Lalli, (514) 939-3989, Email:
clalli@renmarkfinancial.com

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