Drilling at Blue Note's Chimo gold property returns 18.25 g/t gold over 1
metre and confirms the extension of three Gold Zones

MONTREAL, Oct 4 /CNW Telbec/ - Blue Note Mining Inc. (TSXV: BNT) ("Blue Note") is pleased to report results from the initial phase of the  2010 drill program completed during the summer at its wholly-owned Chimo gold property located near Val-d'Or, Quebec approximately 25 km from the Company's Croinor gold project.  The program, comprising three holes for a total of 1,054.5 metres, has confirmed the extension of previously identified but unexplored gold bearing mineralized zones, demonstrating the continuity near surface as well as the potential to develop resources beyond the historical mine workings of the Chimo mine. The Chimo gold deposit is contemplated to complement future production from the Croinor project. 

Hole CH-10-01 was drilled to test Zone 2 West at depth.  A 160 meter hole, drilled prior to closure of the mine, intersected mineralization 10 meters beneath the Chimo mine workings. This drill hole, 497-80-35 assayed 29.1 g/t of gold over 3 meters. Hole CH-10-01 intersected Zone 2 West 200 meters (vertical depth) below the deepest underground openings and below the deepest drill hole information for that Zone. The intercepted zone returned a grade of 18.25 g/t of gold over 1.0m (estimated true width 0.7m).

Table of best assay results for the 2010 Summer Drilling Program (all values above 0.5 g/t Au, all distances are meters).

HOLE-ID	FROM	TO	CORE LENGTH	TRUE WIDTH	SAMPLES	Au g/t   avg.
CH-10-01	319.0	319.5	0.5	0.4	58201	1.57
CH-10-01	375.0	376.0	1.0	0.7	58203	18.25
CH-10-01	377.7	378.3	0.6	0.4	58208	0.92
CH-10-01	451.5	452.1	0.6	0.4	58224	0.60
TOTAL			500.5		46
CH-10-03	92.1	93.1	1.0	0.7	58455	1.72
CH-10-03	93.1	93.9	0.8	0.6	58456	1.53
CH-10-03	93.9	94.7	0.8	0.6	58457	2.15
TOTAL			202.0		31
CH-10-04	93.2	94.0	0.8	0.6	57966	1.99
CH-10-04	94.0	95.1	1.1	0.8	57967	1.50
CH-10-04	127.6	128.3	0.7	0.5	57979	10.49
CH-10-04	129.3	130.6	1.3	0.9	57982	1.27
CH-10-04	130.6	131.3	0.7	0.5	57983	0.95
CH-10-04	149.1	150.2	1.1	0.8	57985	0.88
CH-10-04	239.7	240.4	0.7	0.5	58110	0.87
CH-10-04	266.6	267.6	1.0	0.7	58122	0.66
TOTAL			352.0		79

Hole CH-10-03 was drilled to test the upper portion of Zone 6P near surface, beneath hole 497-87-13 which returned a grade of 8.07 g/t of gold over 1.29m.  Hole CH-10-03 intersected Zone 6P  between hole 497-87-13 and the lower mine workings of that zone and returned a grade of 1.80 g/t of gold over 2.6m (estimated true width 1.9m), demonstrating the continuity of the zone near surface.

Hole CH-10-04 was drilled to test the continuity of Zone 6P below the historical workings and to test Zone 6 to the north of the workings of Zone 6P.  Historical drilling on Zone 6P, which is located close to the Chimo mine workings, reported some of the highest gold values. Drill hole 497-86-08 assayed 57.73 g/t of gold over 1.54 meters.  Drill hole 120-760 assayed 22.73 g/t gold over 3.34 meters and drill hole 497-86-09 returned 16 g/t of gold over 3 meters. These holes line up on a near vertical axis.  Hole CH-10-04 intercepted Zone 6 120 m below surface, returning a value of 10.49 g/t of gold over 0.7m (estimated true width 0.5m). It also intercepted Zone 6P 40 meters below the historical workings demonstrating the continuity of this zone down dip.

"We are very encouraged with the results of the brief program carried out this summer and look forward to implementing a more extensive evaluation and exploration program that we feel has excellent potential to discover new zones and extend mineralization of known zones  at Chimo", said John Martin, Blue Note's President and Chief Operating Officer. 

A detailed review and compilation of all historical and recent results will generate additional exploration targets with the objective of expanding the Mineral Resources. 

Chimo Gold Mines Inc. extracted 140,000 tonnes at 14.8 grams of gold per tonne from 1966 to 1984. Louvem Mines Inc. exploited the Chimo mine between 1984 and 1988 extracting a total of 493,000 tonnes at an average grade of 5.69 grams gold per tonne. The mine was operated by Cambior Inc. from 1989 to 1996. Following infrastructure rehabilitation and the sinking of a shaft to 930 meters, Cambior mined 1,692,000 tonnes at a grade of 3.83 grams of gold per tonne.

The drill program was carried out by Forages M. Rouillier Inc. /M. Rouillier Drilling Inc. and was supervised by InnovExplo personnel under Carl Pelletier P.Geo., a qualified and independent person according to NI 43-101. Gold values were determined by fire assay and AAS, or fire assay and gravimetric analyses if over 3 g/t, at the ALS Laboratory Group, Minerals Division laboratory in Val d'Or.

Other

Blue Note also reports that it has issued a total of 2,500,000 incentive stock options on October 1, 2010, subject to regulatory consent. Officers and directors of Blue Note were granted 2,200,000 incentive stock options. The balance of the stock options was issued to employees and consultants of the company. These incentive stock options are exercisable at $0.12 with an expiry date of October 1, 2015. There is an eighteen month vesting period, which includes a four month hold period expiring on February 1, 2011.

John Martin, P. Eng., President and Chief Operating Officer of Blue Note Mining Inc., a Qualified Person but not independent according to NI 43-101, has reviewed the technical information contained in this press release.

About Blue Note Mining

Blue Note Mining is a mineral exploration and mining company headquartered in Montreal with properties located in known gold regions of Canada, including the prolific Val-d'Or region of Quebec and northern New Brunswick. Blue Note's top priority is to put the Croinor Gold Property into production.

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, technical uncertainties associated with operating an underground mine and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities.

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."   

For further information:

Please contact:
Jean Mayer
Executive Vice President
[phone] x 236
[email protected]
www.bluenotemining.ca