Zinc

[Lone Clone]

Blue Note Mining Project Update - Caribou on Track for Second Quarter Re-opening
Wednesday May 2, 9:51 am ET

http://biz.yahoo.com/cnw/070502/e_bluenote_project.html?.v=1

Shares outstanding: 271 Million Symbol & Exchange: BN-TSXV
MONTREAL, May 2 /CNW Telbec/ - Blue Note Mining today reports on the activity for the first quarter of 2007 at the Caribou mine site. Concentrate production is on track to begin in late June of this year.

The majority of the activity at the site has centered on the refurbishment and construction of the mill and concentrator. In the concentrator structural steel work was executed and the re-installation of refurbished flotation cells for both the lead and zinc circuits were completed. Piping and electrical installation was also undertaken and is anticipated to be finished by the middle of May.

Mr. Paul Laframboise, Mill Manager for Blue Note Caribou Mines says "the refurbishment of the mill and the concentrator is proceeding on schedule. The original plan overseen by John Martin in 2001 has been implemented and I look forward to bringing this mill back into production."

Three IsaMills, to be used for the lead re-grind, were also installed in April. This proven technology will permit the required mineral liberation to be achieved in a more energy-efficient and selective manner than would have been obtained using ball mills. Caribou will be the first mill in North America to use IsaMills. There are currently 34 IsaMills in use internationally.

Currently there are over 500 people working on site. The company has hired over 80% of its staff for the mill and they are working their regular shifts.

"Cold commissioning" of the mill is scheduled for mid-May with first ore production still on track for the latter part of the 2nd quarter 2007.

Approximately 60% of the Caribou underground mine is rehabilitated and access to initial production is now ready. Blue Note took delivery of its primary mobile fleet which included drill jumbos, scoop trams, and haulage trucks.

In-mine development commenced in early April as well as the cleaning of previously drilled production holes. Production drilling started in April and the first long hole blast is ready.

Dewatering of the Restigouche open pit mine has been hindered by inclement weather but is expected to be finished in time for production. Towards the end of the quarter, plans were being prepared for the commencement of ore definition and resource definition drilling.

Blue Note has decided to use contract miners during the initial phase of mine production. The company has extended its contract with J. S. Redpath Inc. to fulfill this role.

Blue Note has developed a three-year exploration plan including a strategy for regional exploration in the Bathurst camp. Blue Note will undertake a comprehensive geophysical survey over the Caribou property and nearby Armstrong property. Drilling and IP surveys will be done on the Restigouche, McMaster and Orvan Brook properties also.

Discussions on a sales contract for 100% of the company's lead and 50% of the company's zinc concentrates are advanced and Blue Note anticipates concluding these contracts very shortly. Additional talks are on-going with other interested parties for the remainder of Blue Note's zinc concentrates.

Blue Note has 90 full-time employees which represents approximately seventy-five percent of the total requirement for full scale operations.

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

Lorne Woods, Vice President, Investor Relations, Blue Note Mining, [phone], [e-mail]
www.bluenotemining.ca


Source: Blue Note Mining Inc.