Application for Caribou Mine Union Certification Received by Blue Note Caribou Mines Inc.
Montreal, Qc. - February 20, 2008 - The United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union has applied for certification to unionize the 85 hourly employees of Blue Note Caribou Mines Inc.'s Caribou Mine in Bathurst, New Brunswick, Blue Note Mining disclosed today.
"We hold our employees in the highest regard, and have always treated them with fairness and generosity, " said Michael Judson, Chief Executive Officer. "Our wages and benefits reflect the economic realities of this project and the reality of commodity prices."
Judson said the Company will respect and follow the legal process through to its conclusion.
Blue Note Caribou Mines Inc. is a wholly owned subsidiary of Blue Note Mining Inc., a Canadian mining company headquartered in Montreal with operations in Bathurst, New Brunswick. The company's shares trade on the TSX under the symbol BN.
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Blue Note Mining Inc.
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.
"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."