Blue Note Mining Benefits from First Gold's Significant Share Price Increase

	    MONTREAL, Jan. 22 /CNW Telbec/ - Blue Note Mining Inc. ("Blue Note")
(BNT:TSXV) reports that its shareholding in First Gold Exploration (EFG:TSXV)
has appreciated substantially in recent days and has a current value of
approximately $2.5 million. (See First Gold news releases dated January 19 and
21, 2010)
	    Blue Note holds 4,376,000 shares of First Gold and the two companies are
50-50 joint venture partners in the Croinor gold mine in Val-D'Or, Quebec that
is slated to reopen later this year.
	    "We are delighted to see this shareholding performing so well," said
Michael Judson, Blue Note's Chief Executive Officer. "We wish First Gold
continued success".

	    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
Mexico and Canada, including the prolific Sierra Madre Gold Belt, the Val-d'Or
region of Quebec and northern New Brunswick. The company's shares trade on the
TSX Venture Exchange under the symbol BNT.

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	    Forward-Looking Statements
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	    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."





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	    /For further information: Glenn Massad, Vice President, Investor
Relations, Blue Note Mining Inc., (800) 937-3095 x230,
[email protected], www.bluenotemining.ca/