BLUE NOTE APPOINTS STEPHANE DUBOIS AS VICE PRESIDENT, OPERATIONS
MONTREAL, May 19 /CNW Telbec/ - Blue Note Mining Inc. ("Blue Note") (TSXV: BNT) is pleased to announce the appointment of Mr. Stephane Dubois, P.Eng. to the position of Vice President, Operations, taking over for John Martin, former President and COO, who is retiring after a 41 year career in the mining industry.
During the course of his career in gold mining operations, Mr. Dubois developed recognized expertise in narrow gold vein type systems, having successfully performed all related functions from miner to Production Engineer at Cambior's Sleeping Giant Mine, and most recently as Chief Engineer with Wesdome Gold Mines.
Prior to joining Blue Note, Mr. Dubois had responsibility for all of Wesdome's projects, including two mines in production. From 2005 to 2010, he held the position of Chief Engineer and assistant general manager at Wesdome's Kiena complex, an underground mine reactivated to operation in August 2006. The mine has since produced more than 1,200,000 tons generating 152,000 ounces of gold.
From 1997 to 2005, Mr. Dubois assumed increasing responsibilities to become Production Engineer at Cambior's Sleeping Giant Mine where he was in charge of mine planning to development and operations. The Sleeping Giant Mine is a conventional underground mine known for its narrow gold veins.
"In this highly competitive market for top mining professionals, we are very pleased to attract someone with Mr. Dubois' rounded expertise, and specifically with respect to the nature of our Croinor project. Stephane's results-focused drive is a major factor behind his successes in more challenging gold markets," stated Leon Methot, Blue Note's Chairman and CEO. "Over the years, he has built an impressive network in the Val d'Or region."
"On behalf of the Board, I sincerely wish to thank John Martin for his contributions and dedication to the Company since its inception. We wish him the best for his retirement", added Leon Methot.
Mr. Leon Methot, Chairman and CEO, has been appointed President of Blue Note.
Other
Blue Note also reports that it has issued a total of 3,250,000 incentive stock options on May 17, 2011, subject to regulatory approval. Officers and directors of Blue Note were granted 2,750,000 incentive stock options. The balance of the stock options was issued to employees and consultants of the company. These incentive stock options are exercisable at $0.10 with an expiry date of May 17, 2016. There is an eighteen month vesting period, which includes a four month hold period expiring on September 17, 2011.
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."