Blue Note Mining Acquires Strategic Brandy Brook Property; Amends its Stock
Option Plan

    
    Shares Outstanding: 51 Million
    Symbol & Exchange: BNT.V
    
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<p><location>MONTREAL</location>, <chron>Oct. 8</chron> /CNW Telbec/ - Blue Note Mining Inc. announces that it has acquired a 100% interest in the strategically located <person>Brandy Brook</person> property in Gloucester County, <location>New Brunswick</location> in the world-class Bathurst mining camp. <person>Brandy Brook</person> is located close to the Caribou mine.</p>
<p><person>Brandy Brook</person> is on strike with a massive sulphide discovery that Blue Note made on its Armstrong property in 2008. The felsic rock formation on the Armstrong property is considered the most highly prospective in the area and is host to numerous massive sulphide occurrences and deposits containing zinc, lead, copper, gold and silver mineralization. The Armstrong property includes 17 claim groups covering 62.9 square kilometers. (For more information on the Armstrong discovery, please see the news release dated <chron>November 3</chron>, 2008).</p>
<p>Blue Note completed the acquisition of the 100% interest in <person>Brandy Brook</person>, consisting of 67 contiguous claims, in consideration for <money>$25,000</money> which is payable to the vendor by the issuance of 108,695 common shares and 108,695 common share purchase warrants of Blue Note, each warrant being exercisable at <money>$0.25</money> expiring 2 years from closing. The vendor retains a 2% net smelter return royalty in the property. No finder's fees were payable and the transaction is considered to be at arm's length.</p>
<p>Blue Note also announces that it has increased the number of common shares reserved for issuance under its stock option plan from 1,780,914 common shares to 5,074,066 common shares, representing 10% of the outstanding shares. The increase is subject to the approval of the TSX Venture Exchange.</p>
<p><person>Arthur Hamilton</person>, P.Geo., Regional Exploration Manager of Blue Note Mining, is a Qualified Person and has reviewed the technical information contained in this press release.</p>
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<p>About Blue Note Mining</p>
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<p>Blue Note Mining is a Canadian mineral exploration and mining company headquartered in <location>Montreal</location>. The company's shares trade on the TSX Venture Exchange under the symbol BNT.</p>
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    Forward-Looking Statements
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<p>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.</p>
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    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this news release.
    

For further information: Glenn Massad, Vice President, Investor Relations, Blue Note Mining, [phone] x230, [email protected]; www.bluenotemining.ca