Montreal, Québec, December 19, 2011 – Blue Note Mining Inc. (TSXV: BNT) (“Blue Note” or the “Company”) announces that it has closed a non brokered private placement (the “Private Placement“) of 2,725,000 flow-through shares at a price of $0.08 each for gross proceeds of $218,000.

These securities were issued pursuant to applicable prospectus exemptions and will be subject to a statutory hold period of four months and one day from closing expiring April 20, 2012. Closing of the Private Placement remains subject to the approval of the TSX Venture Exchange.

The net proceeds from the Private Placement will be used to advance Blue Note's Croinor and Chimo projects, which will constitute Canadian exploration expenses (as defined in the Income Tax Act (Canada)) and will be renounced for the 2011 tax year. Blue Note also announces that it will issue 375,000 common shares to Mr. John Martin, a former manager, at a deemed price of $0.06 each. Those shares are being issued under an agreement governing the terms of Mr. Martin’s cessation of employment which occurred on May 18, 2011, under which he is to be issued a total of $45,000 in common shares of Blue Note, 50% of which at the market price as of December 15, 2011 and 50% of which at the market price as of April 15, 2012. The shares issued to Mr. Martin are subject to a restricted period on resale for four months and one day.

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.

For additional information, please contact:
Jean Mayer
Executive Vice President
(514) 486-3095 x236
jmayer@bluenotemining.ca
www.bluenotemining.ca