Blue Note Mining Inc.

Published : March 29th, 2011

and Blue Note Extend Completion of Croinor Acquisition

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Critical Elements and blue note extend completion of croinor acquisition






Critical Elements Corporation (TSX VENTURE:CRE - News; OTCQX:CRECF) (FRANKFURT:F12 - News; "Critical Elements") and Blue Note Mining Inc. (TSX VENTURE:BNT - News; "Blue Note") report that they have agreed to extend the term of the binding agreement announced on July 19, 2010 (the "Agreement") providing for the acquisition by Blue Note of all of Critical Elements' interests in the Croinor gold project located near Val-d'Or, Quebec.


Under the terms of the Agreement, Blue Note has already made cash payments totaling $125,000 to Critical Elements and, in consideration of an additional payment of $10,000, Blue Note now has until May 31, 2011, or such other later date as mutually agreed by Blue Note and Critical Elements, to make a final payment of $2,250,000 to complete the transaction. In addition, Blue Note shall issue 17.5 million common shares to be held in escrow, for release at a rate of 500,000 shares per month over 35 months from the date of closing. The transaction includes Critical Elements' 71% ownership in the Matchi-Manitou property.


About Critical Elements Corporation


Critical Elements Corporation is a Canadian mining exploration company whose objective is to create value for its shareholders by acquiring promising projects that can be brought into production in the short term. The Company is focused on the rare metals and rare earths, particularly tantalum. It has achieved its objective with the Rose tantalum-lithium project, which is currently at the advanced exploration stage.. Rose is one of several promising projects in this sector, most notably the rare earths projects in the Rocky Mountains of British Columbia and the rare earths and tantalum-niobium projects in Quebec. The Company look for projects that could increases its tantalum resources and enable it to become the largest tantalum producer in North America.


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.


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, technical uncertainties associated with operating an underground mine 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.




Jean-Sebastien Lavallee, P.Geo
Critical Elements shareholders, please contact:
President & CEO

































Blue Note Mining Inc.

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Blue Note Mining is a zinc and lead development stage company based in Canada.

Blue Note Mining develops zinc, lead and silver in Canada, and holds various exploration projects in Canada.

Its main asset in development is RESTIGOUCHE in Canada and its main exploration properties are CHIMO - NOVA, CANOE LANDING LAKE, WILLIAM'S BROOK, ARMSTRONG / ORVAN, CROINOR and CARIBOU MINE in Canada.

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Financings of Blue Note Mining Inc.
7/15/2011CNW Telbec Release Confirmation - Blue Note Closes Second Tr...
6/23/2011CNW Telbec - Confirmation - Blue Note Closes First Tranche o...
6/7/2011CNW Telbec Release Confirmation - Blue Note Arranges a Priva...
Nominations of Blue Note Mining Inc.
5/19/2011CNW Telbec Release Confirmation - BLUE NOTE APPOINTS STEPHAN...
Project news of Blue Note Mining Inc.
4/12/2012(Croinor)and Critical Elements extend completion of Croinor acquisiti...
2/22/2012Blue Note and Critical Elements announce updated prefeasibil...
1/16/2012CNW Telbec Release Confirmation - Blue Note and Critical Ele...
8/29/2011CNW Telbec Release Confirmation - Blue Note Resumes Drilling...
8/25/2011CNW Telbec Release Confirmation - Blue Note Extends High Gra...
4/26/2011(Croinor)Eastern Extension Continues to Hold Upside at Cronor Gold Pr...
3/29/2011(Croinor)and Blue Note Extend Completion of Croinor Acquisition
3/29/2011CNW Telbec Release Confirmation - Blue Note and Critical Ele...
Corporate news of Blue Note Mining Inc.
5/31/2012CNW Telbec - Blue Note to Dividend 3,973,219 GeoVenCap Share...
3/26/2012CNW Telbec Release Confirmation - Blue Note's spinoff GeoVen...
3/22/2012Mid-Day Breaking News From Golden Predator, PC Gold, Platine...
3/5/2012Mid-Day Breaking News From Xmet, Alexandria, U3O8, Corazon, ...
2/22/2012CNW Telbec Release Confirmation - Blue Note and Critical Ele...
1/20/2012CNW Telbec Release Confirmation - Blue Note Signs Definitive...
1/10/2012to Spin Out New Brunswick Properties to GeoVenCap
2/24/2011CNW Telbec Release Confirmation - Blue Note Mobilizes Second...
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