HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Probe comment out

Probe comment out

posted on Jun 09, 2008 04:05AM
Jun 09, 2008 08:00 ET

Probe Announces Termination of Discussions With Noront Resources Inc. and Reactivates Drilling of McFauld's West Property

TORONTO, ONTARIO--(Marketwire - June 9, 2008) - The Directors of PROBE MINES LIMITED (TSX VENTURE:PRB) ("Probe") announce that the discussions with Noront Resources Inc. as disclosed on June 3, 2008 have terminated. The drilling program previously scheduled to commence on the McFauld's West property will be rescheduled as soon as logistics so permit. The Company has implemented an expanded drill program on its Victory Project as described in its press release of June 3, 2008. This drill program is in progress.

Probe has become aware of certain commentary in the general marketplace which suggests that Probe does not own all or part of its 100%-owned McFauld's West property. Probe denies any such allegation and is not aware of any court or other proceeding where such an allegation is being advanced. Probe has retained professional advisors to consider any steps which may be appropriate to confirm its 100% ownership of the McFauld's West property. Any measures adopted by Probe will be announced by press release. It cannot be presumed that any measures adopted by the Company will lead to a particular outcome, or an outcome which is beneficial or detrimental to the Company.

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