Attention Business/Financial Editors:

Blue Note Hits More Gold

    MONTREAL, Feb. 23 /CNW Telbec/ - Blue Note Mining Inc. ("Blue Note")
reports assay results from a further nine holes drilled during its 2008
exploration program on its Williams Brook property located close to its
Caribou Mine near Bathurst, New Brunswick.
    Drill hole WB-08-12 returned 0.6 meters assaying 2.28 grams of gold per
tonne. The gold mineralization was intersected at a vertical depth of
approximately 39 meters. True width of this mineralized intersection is not
known. The hole was collared approximately 100 meters north of hole WB-08-11
which returned 11.16 g/t gold over 2.8 meters (see news release of December
10, 2008), and is also proximal to an earlier float sample that assayed 28
grams gold per tonne as well as trench grab samples that assayed 3.5 and 14
grams gold per tonne. Correlation of the high grade occurrences has not been
determined and multiple gold-bearing veins are thought to exist.
    Drill Hole WB-08-15 returned a 0.4 meter interval at a vertical depth of
15 meters, assaying 1.63 grams of gold per tonne. True width of this
mineralized intersection is not known. This hole, and hole WB-08-16 which
assayed 0.35 grams of gold per tonne over 1.0 meter are located in the same
vicinity were an earlier trench grab sample returned 1.0 grams of gold per
tonne.
    Final analytical results are shown in Table 1 and drill hole collar
locations and orientation are included in Table 2. The 2008 drill program and
earlier prospecting and trenching has been successful in identifying numerous
gold occurrences over an area approximately 1,200 x 600 meters with
significant gold grade (i.e. up to 11.16 g/t gold over 2.8 meters in WB-08-11)
and significant widths (up to 25.0 meters estimated true width in WB-08-03) at
shallow depths.
    Two types of gold mineralization have been identified on the property.
The first type of gold mineralization is associated with disseminated pyrite
in pink potassic-altered rhyolite. This type of mineralization has been found
in two broad sub-parallel northeast-southwest trending zones, which have been
interpreted using induced polarization and soil geochemical surveys, trenching
and diamond drilling, and measured over horizontal widths that exceed 20
meters. The second type of gold mineralization has returned the highest gold
values, including those found in hole WB-08-11. This gold mineralization is
observed in quartz veins and heavily quartz veined rhyolite that contains
variable concentrations of disseminated or blebs of pyrite and local
sphalerite and galena. The orientation of the gold-bearing quartz veins has
not been determined from diamond drilling and conditions in the trenches,
including highly fractured bedrock, precluded productive structural
interpretation.
    Blue Note Exploration Manager, Art Hamilton stated that "the thickness of
the gold-bearing alteration zones and identification of numerous gold
occurrences indicate the presence of a robust mineralizing system and quartz
veined zones with grades up to 24.1 g/t gold underscore the excellent
potential for economic gold mineralization on the Williams Brook Property".

    <<
    Table 1. Final Analytical results

                                                   Est.       g/t        g/t
                                                  True         Au         Au
     Hole no.    From    To (m)    Length        Width        (FA)     (INAA)
    -------------------------------------------------------------------------
    WB-08-03       28       66       38.0         25.0       0.72       0.67
    -------------------------------------------------------------------------
    Includes       50       66       16.0         10.5       1.42       1.29
    -------------------------------------------------------------------------
    Includes       50       59        9.0          5.9       2.10       1.82
    -------------------------------------------------------------------------
    WB-08-04       18       46       28.0         23.3       0.91       0.74
    -------------------------------------------------------------------------
    Includes       37       44        7.0          5.8       1.84       1.87
    -------------------------------------------------------------------------
    Includes       38       39        1.0          0.8       5.44       5.32
    -------------------------------------------------------------------------
    WB-08-05       33       70       32.0         16.0       0.34       0.30
    -------------------------------------------------------------------------
    Includes       39       42        3.0          1.5       1.17       1.01
    -------------------------------------------------------------------------
    WB-08-07       43       45        2.0    Not known       0.24       0.25
    -------------------------------------------------------------------------
    WB-08-08       91     98.5        7.5    Not known       0.24       0.21
    -------------------------------------------------------------------------
    Includes       91       92        1.0    Not known       0.93       0.74
    -------------------------------------------------------------------------
    WB-08-11       22     24.8        2.8    Not known      11.16         NA
    -------------------------------------------------------------------------
    WB-08-12    56.25    56.85        0.6    Not known       2.28       1.69
    -------------------------------------------------------------------------
    WB-08-13     10.5       12        1.5    Not known       0.45       0.55
    -------------------------------------------------------------------------
    WB-08-15     20.8     21.2        0.4    Not known       1.63       1.50
    -------------------------------------------------------------------------
    And         45.75       49       3.25    Not known       0.18       0.16
    -------------------------------------------------------------------------
    WB-08-16       37       38        1.0    Not known       0.35       0.31
    -------------------------------------------------------------------------
    WB-08-19     38.7       40        1.3    Not known       0.42       0.43
    -------------------------------------------------------------------------
    And 71       71.6      0.6               Not known       0.54       0.54
    -------------------------------------------------------------------------
    WB-08-21    63.15     64.4       1.25    Not known       0.39       0.52
    -------------------------------------------------------------------------
    WB-08-22    81.35     81.9        0.6    Not known       0.59       0.23
    -------------------------------------------------------------------------


    Table 2. Holes location and orientation and length.
                                                          Azimuth     Length
     Hole no.             Line    Station          Dip         (T)        (m)
    -------------------------------------------------------------------------
    WB-08-01             300-N      320-W          -45         90        100
    -------------------------------------------------------------------------
    WB-08-02             300-N      320-W          -60         90        149
    -------------------------------------------------------------------------
    WB-08-03            1400-N      375-W          -45         90        101
    -------------------------------------------------------------------------
    WB-08-04            1400-N      375-W          -45        140         74
    -------------------------------------------------------------------------
    WB-08-05            1400-N      375-W          -70        140       92.5
    -------------------------------------------------------------------------
    WB-08-06            1435-N      430-W          -55        140        172
    -------------------------------------------------------------------------
    WB-08-07            1135-N      685-W          -45        140        182
    -------------------------------------------------------------------------
    WB-08-08            1500-N      350-W          -45        140        167
    -------------------------------------------------------------------------
    WB-08-09             400-N      533-W          -45        270         60
    -------------------------------------------------------------------------
    WB-08-10             300-N      555-W          -45        270         60
    -------------------------------------------------------------------------
    WB-08-11             300-N      625-W          -45         90         61
    -------------------------------------------------------------------------
    WB-08-12             400-N      600-W          -45         90         59
    -------------------------------------------------------------------------
    WB-08-13             400-N      357-W          -45        270         60
    -------------------------------------------------------------------------
    WB-08-14             400-N      405-W          -45         90         60
    -------------------------------------------------------------------------
    WB-08-15            1000-N       74-E          -45         90         59
    -------------------------------------------------------------------------
    WB-08-16            1000-N      129-E          -45        270         61
    -------------------------------------------------------------------------
    WB-08-17             500-N      113-W          -45        270         70
    -------------------------------------------------------------------------
    WB-08-18             500-N      189-W          -45         90         70
    -------------------------------------------------------------------------
    WB-08-19             400-N      511-W          -45        270        122
    -------------------------------------------------------------------------
    WB-08-20             400-N      511-W          -45        221        100
    -------------------------------------------------------------------------
    WB-08-21             300-N      656-W          -45         90         89
    -------------------------------------------------------------------------
    WB-08-22            1200-N      226-E          -45        241        130
    -------------------------------------------------------------------------
    WB-08-23             100-N      556-W          -45         90        170
    -------------------------------------------------------------------------
    WB-08-24             700-N       78-E          -45        270        167
    -------------------------------------------------------------------------
    >>

    Diamond drill core was split for sampling with a diamond saw and half of
the core sampled and shipped to the Activation Laboratories Ltd. sample
preparation facility in Fredericton, NB. Samples were analyzed at the
Activation Laboratories Ltd. facility in Ancaster, ON by Neutron Activation
(INAA) and fire assay (FA). Samples reported from hole WB-08-11 were analyzed
by fire assay - metallic screen - gravimetric finish method
    Since late November 2008, Blue Note has significantly increased the size
of the Williams Brook project by acquiring through map staking an additional
1,882 mineral claims covering more than 400 square kilometres. The objective
of the new staking was to secure the immediate area surrounding the Williams
Brook property and to follow up significant geochemical gold anomalies located
north of the property as identified by a 1987 regional till survey. Blue
Note's Williams Brook and Regional Gold properties now comprise 1,994 claims
covering 427 square kilometres.
    The 2009 exploration program will concentrate on the immediate area of
the discovery. Mechanical overburden stripping to expose the underlying
bedrock will be conducted followed by detail mapping and sampling. A drilling
program totalling more than 6,000 metres is planned to follow-up on the
high-grade gold mineralization outlined in last year's drilling campaign.
    Reconnaissance and detailed till geochemical surveys are planned on the
newly staked ground near Williams Brook to investigate the source of
significant gold anomalies identified in a regional till geochemical survey
released in 1987. Favourable anomalies will be followed up with ground
geophysical surveys to define targets for trenching and/or diamond drilling.
    The regional till geochemical survey released in 1987 under the
Canada-New Brunswick Mineral Development Agreement (MDA) outlined impressive
gold anomalies of up to 628 ppb Au to the north of the Williams Brook
property. These results were subsequently found to be difficult to replicate
by New Brunswick Government and industry geologists potentially due to the
difficulty in replicating particulate gold assays due to the nugget effect.
However, local work has substantiated the presence of high gold anomalies
identified in the till survey and Blue Note geologists believe that the
impressive geochemical anomalies outlined in the 1987 till survey may be
indicative of significant and widespread gold mineralization and warrant a
thorough examination.

    Arthur Hamilton, P.Geo., Regional Exploration Manager, Blue Note Caribou
Mines Inc. is a Qualified Person and has reviewed the technical information
contained in this press release.

    Blue Note Mining is a Canadian exploration company headquartered in
Montreal with properties in New Brunswick. The company's shares trade on the
TSX 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 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, (800) 937-3095, lwoods@bluenotemining.ca;
www.bluenotemining.ca