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Notie Girl

NI 43-101 Resource Estimate

The Borden Lake drill program has now advanced to a sufficient stage for the calculation of an NI 43-101-compliant initial resource estimate. The Company is pleased to announce that Micon International Limited ("Micon") has been contracted to calculate the resource estimate. A site visit to the property has been completed and it is expected that the resource estimate will be completed in the second half of August. The Borden Lake gold zone has now been identified over 1,700 metres of strike length and from surface to a vertical depth of 340 metres. The continuity and consistency of mineralization is expected to facilitate the generation of a resource estimate for the Borden Lake Zone.

Micon has been providing consulting services to the mining industry since 1988 and has significant experience in generating resource estimates for precious metal deposits. Probe is pleased to be working with Micon again, after it completed two resources estimates on the Company's Black Creek chromite deposit in the Ring of Fire area.

Updated cross-sections of the mineralized zones will be posted on the Company's website at www.probemines.com in the near future.

Probe has instituted a strict quality assurance and quality control ("QA-QC") program for the Borden Lake drill core sampling, with each fire assay furnace batch of 40 samples including two certified reference materials (standards), one blank sample and one core duplicate sample. Quality control guidelines have been set out by independent Qualified Person ("QP") Ms. Tracy Armstrong, P.Geo., of P & E Mining Consultants Inc.