Yep.

TORONTO, ONTARIO, Aug. 9, 2010 (Marketwire) --

TORONTO, ONTARIO -- (Marketwire) -- 08/09/10 -- The Directors of Probe Mines Limited (TSX VENTURE: PRB) ("Probe") are pleased to announce that Probe and Noront Resources Ltd. (TSX VENTURE: NOT) ("Noront") have come to an agreement to dissolve the current joint venture agreement in the Ring of Fire, James Bay Lowlands and divide the joint venture claims between the two companies. As part of the agreement, Probe will acquire a 100% interest in the Black Creek chromite deposit and another claim along the chromite trend, while Noront will acquire a 100% interest in claims surrounding their Eagle's Nest nickel deposit and north of their Thunderbird vanadium deposit.

"We see this as a very positive step for Probe in the Ring of Fire", stated Dr. David Palmer, President of Probe. "With 100% ownership Probe can now focus its attention on the Black Creek chromite discovery, where plans to resume drilling operations designed to extend the massive chromite zone at depth and along strike are currently underway. We expect mobilization of crews to begin within the next two weeks."

Concurrent with drilling on the Black Creek chromite, additional ground survey work will be conducted on the Company's Tamarack and Victory projects in order to evaluate existing targets for follow-up drilling.

Under the terms of the agreement Noront and Probe will each acquire a 100% undivided interest in their respective claims. No cash or share payments will be made as part of the agreement, being a straight transfer of interests in the mineral properties.