Attention Business/Financial Editors:

Blue Note Intersects Significant Mineralization at Armstrong

    Shares Outstanding; 363 Million
    Symbol & Exchange: BN-TSX

    MONTREAL, Nov. 3 /CNW Telbec/ - Blue Note Mining Inc. reports that it has
intersected significant base metals mineralization at his Armstrong Property,
located near Bathurst, New Brunswick. The Highlight of the program to date is
drill hole AB-08-09 that intersected 2.83% Zn, 1.01% Pb, 0.32% Cu and
27.1g/t Ag over a core length of 8.3 meters. The drill program is designed to
test anomalies identified by a Titan 24 geophysical survey, including a 2.3 km
long anomaly located on strike with the historical Armstrong A deposit.
Analytical results have been received for the first 9 holes of the drill
program from which 6 have intersected semi-massive to massive sulphide.
    The deep-search Titan 24 survey was carried out from November 2007
through to February 2008 and covers a strike length of over ten kilometers of
the felsic volcanic rocks that host the historic Rocky Turn, Armstrong A and
Armstrong B deposits. Four anomalous areas highlighted by Titan 24 geophysical
survey were targeted by the recent drilling. The most significant geophysical
anomaly extends from approximately 400 meters south of the Armstrong A deposit
(grid line 2000N) to more than 1.6 km north of the deposit (grid line 4350N)
for a total strike length of more than 2.3 km. With the exception of the
immediate area of the Armstrong A deposit (grid lines 2500N and 2750N), most
of the anomaly lies just below the detection limits of most conventional
geophysical methods typically used in the Bathurst Mining Camp and has never
been tested by diamond drilling before.
    Drill holes AB-08-06 to AB-08-09 were drilled to test the 2.3 km long
Armstrong A geophysical anomaly. The best results are coming from Hole
AB-08-09, drilled on grid line 3750N (one km north of the Armstrong A
deposit), which intersected 8.3 meters of massive sulphide grading 2.83% Zn,
1.01% Pb, 0.32% Cu and 27.1g/t Ag over a core length of 8.3 meters including
3.62% Zn, 1.46% Pb, 0.29% Cu and 32.3g/t Ag over 3.0 meters. Holes AB-08-08
located on grid line 4050N returned 1.3 meters of massive sulphide while hole
AB-08-06 intersected 3.6 meters of massive sulphide on grid line 3000N. Hole
AB-08-07 located on grid line 4350N did not intersected any significant
mineralization.
    Drill holes AB-08-01 to AB-08-03 were targeting an anomaly interpreted to
be the down-dip extension of the Armstrong B deposit. Best results were
obtained from hole AB-08-02 were a 1 meter massive sulphide interval returned
2.53% Zn, 1.01% Pb. Analytical results are still pending for hole AB-08-01.
Holes AB-08-04 and AB-08-05 were drilled to test two discrete geophysical
anomalies located west of the Armstrong B deposit and west of the Armstrong A
deposit respectively. Both anomalies were explained by graphitic sediments.
    The drill program is planned to last until the Christmas holiday period
with two drill rigs currently working on the Armstrong property.

    <<
    List of drill hole results:

    -------------------------------------------------------------------------
    Hole no.       From         To  Length    Zn (%)   Pb (%)  Cu (%)     Ag
                                                                        (g/t)
    AB-08-01     320.40     328.60     8.2   Assays  pending
    AB-08-02     284.00     285.00     1.0     2.53     1.01    0.16     bdl
    AB-08-03     367.00     368.00     1.0     2.68     0.10    0.25     bdl
    AB-08-06     212.90     216.50     3.6     1.71     0.26    0.51     bdl
    AB-08-08     292.75     294.05     1.3     1.99     0.77    0.07    25.0
    AB-08-09     293.05     301.30     8.3     2.83     1.01    0.32    27.1
    including    296.05     299.05     3.0     3.62     1.46    0.29    32.3
    -------------------------------------------------------------------------
    >>

    Intersection referred to herein are core length intervals. Orientation
and true thickness of the massive sulphide are not clearly defined as yet.
Blue Note Mining follows a rigorous QA/QC protocol on all its exploration
projects. Drill core sent for analysis is split in half with one half sent for
analysis and the other half kept for future reference. Activation Laboratories
Ltd. (ACTLABS) performed the analytical work for diamond drill holes
completed. All samples are assayed for silver, copper, lead and zinc by sodium
peroxide fusion and acid followed by ICP/OES.

    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 mining company headquartered in Montreal
with operations in Bathurst, 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