Blue Note Mining Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2012. For the period, the company has posted loss from operations of CAD 620,612 against CAD 623,938 a year ago. Loss before tax was CAD 1,492,653 against CAD 583,496 a year ago. Loss for the period was CAD 1,531,328 or CAD 0.01 basic and diluted per share against CAD 731,291 or CAD 0.01 basic and diluted per share a year ago. Cash-flow provided by operating activities was CAD 184,901 against cash-flow used by operating activities of CAD 187,468 a year ago. Investing in mining properties was CAD 40,814 against CAD 22,703 a year ago. Investing in property and equipment was CAD 54,694.