Blue Note Mining Reports Second Quarter Results

    Shares outstanding: 286,429,526
    Symbol & Exchange: BN-TSXV

    MONTREAL, Aug. 15 /CNW Telbec/ - Blue Note Mining Inc. has filed its
unaudited financial statements for the quarter ended June 30, 2007. For this
quarter, the Corporation incurred a consolidated net loss of $2,486,197
($0.01 per share) compared to a net loss of $2,246,761 ($0.05 per share) for
the quarter ended June 30, 2006. During the period, the Corporation invested
approximately $29.5 million in the re-opening of the Caribou Mines and
$205,927 in exploration activities.
    Additional information relating to the Corporation is available on SEDAR

    Blue Note Mining is a Canadian mining company headquartered in Montreal
with operations in Bathurst, 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,,

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Blue Note Mining Inc.

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