INW> Probe Mines Announces Grant of Options [KSBSDBV]

TORONTO, ONTARIO, Nov 11, 2010 (MARKETWIRE via COMTEX) -- The Directors of
PROBE MINES LIMITED (TSX VENTURE: PRB) ("Probe") announce that a total of
1,200,000 stock options to purchase Probe common shares have been granted to
directors, officers and a consultant at an exercise price of $1.40 per share,
expiring on November 11, 2015. The grant of options is subject to regulatory
approval.

About Probe Mines:

Probe Mines Limited is a well financed, Canadian base and precious metal
exploration company with approximately $3.5MM in treasury and a portfolio of
highly prospective mineral properties. The Company is currently focused on two
areas: McFauld's Lake, where it owns 875 claims covering approximately 14,000
hectares; and its Borden Lake gold project, which returned very encouraging
initial results including a 91m intersection averaging 2 g/t Au. Probe also has
an option-joint venture agreement with Lake Shore Gold Corp on its Bristol
Township gold project adjacent to Lake Shore's million-plus ounce gold deposit.
Recent exploration results from Lake Shore include an 83.4m intersection grading
12.75 g/t gold less than one kilometre from Probe's claims. Probe also maintains
a 5% net smelter royalty on a portion of Agnico Eagle's Goldex Mine near Val
d'Or, Quebec, which began production in 2008. The Company has only 36,902,581
shares issued and outstanding, which trade on the TSX Venture Exchange under the
symbol PRB.

David Palmer, Ph.D., P.Geo., is the qualified person for all technical
information in this release. To find out more about Probe Mines Limited, visit
our website at www.probemines.com.

Forward-Looking Statements

This News Release includes certain "forward-looking statements". All statements
other than statements of historical fact, included in this release, including,
without limitation, statements regarding potential mineralization and reserves,
exploration results, and future plans and objectives of Probe, are
forward-looking statements that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be accurate and actual
results and future events could differ materially form those anticipated in such
statements. Important factors that could cause actual results to differ
materially from Probe's expectations are exploration risks detailed herein and
from time to time in the filings made by Probe with securities regulators.

Shares Issued: 36,902,581

The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release. No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information contained
herein.

Contacts:
Probe Mines Limited
David Palmer
President
(416) 777-6703

Probe Mines Limited
Karen Willoughby
Investor Relations
(866) 936-6766
www.probemines.com

SOURCE: Probe Mines Limited

CONTACT: http://www.probemines.com

Copyright 2010 Marketwire, Inc., All rights reserved.

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SUBJECT CODE: Manufacturing and Production:Mining and Metals

11Nov10 19:04 GMT
Symbols:
ca;PRB de;PMS us;PROB
Source CTX Comtex Scientific
Categories:
INW/MNG REV5 TGT/CTX