MONTREAL,
April 15, 2013 /CNW Telbec/ - Blue
Note Mining Inc. (TSXV: BNT) (the "Company") has initiated a review
process to consider alternatives in relation to its operations. Due
to the difficult market conditions, the Company has been
unsuccessful in raising sufficient capital to advance its projects
and might be unable to continue its operations as a going
concern.
Accordingly, the Company is pursuing discussions
to preserve value through a strategic partnership, joint venture
agreements or a sale of assets in the hope of restoring normal
operations. There are no assurances that the process will result in
a transaction or, if a transaction is undertaken, as to the terms
or timing of such a transaction. In this context the Company may
have to postpone the filing of its audited financial statements for
the year ended Dec. 31, 2012, which
are due to be filed by April 30,
2013.
About Blue Note Mining
Blue Note Mining is a mineral exploration and
mining company headquartered in Montreal with gold properties located in the
prolific Val d'Or region of
Quebec. Blue Note also holds
significant positions in the share capital of Amex Exploration
(AMX.V) and GeoVenCap (GOV.V).
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."
SOURCE BLUE NOTE MINING INC.