Blue Pearl Schedules 2006 Financial Results Conference Call/Webcast for March 27 at 10:00 A.M. Eastern



    TORONTO, Mar 20 /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, today announced that it will issue
a news release on its 2006 financial results after markets close on Monday,
March 26, 2007 and hold a conference call for analysts and investors to
discuss the results on Tuesday, March 27, 2007 at 10 a.m. (Eastern).
    Ian McDonald, Executive Chairman, Kevin Loughrey, President and Chief
Executive Officer, and Derek Price, Chief Financial Officer, will be available
to answer questions during the call.
    To participate in the call, please dial 416-695-6623 or 1-877-323-2090
about five minutes prior to the start of the call.
    A live audio webcast of the conference call will be available at
www.ccnmatthews.com and www.bluepearl.ca.
    An archived recording of the call will be available at 416-695-5275 or
1-888-509-0081 (Passcode 641830) from 12:00 p.m. on March 27 to 11:59 p.m. on
April 3. An archived recording of the webcast will also be available at Blue
Pearl's website.

    About Blue Pearl Mining Ltd.

    Blue Pearl is the world's fifth-largest molybdenum producer. The company
in October 2006 purchased the Thompson Creek open-pit molybdenum mine and mill
in Idaho, 75% of 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 the Davidson high-grade
underground molybdenum project near Smithers, B.C. The company has more than
700 employees. Its head office is in Toronto, Ontario. It also has executive
offices in Vancouver, British Columbia and Denver, Colorado (including sales
and marketing). 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, or 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, or Renmark Financial Communications Inc., Christina Lalli,
(514) 939-3989, Email: clalli@renmarkfinancial.com

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