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Message: Gold Report

Tyron Breytenbach, Cormark Securities (5/1/14) "Probe Mines Limited is advancing its large 5.9 Moz Borden gold asset discovered in 2010. We believe Borden to be one of the more buildable projects still owned by a junior in a secure Canadian jurisdiction. . .the high-grade zone strike has grown by 60%."

Peter Campbell, Jennings Capital (5/1/14) "Probe Mines Limited's winter drilling program has successfully extended the high-grade zone (HGZ) to 1.6 km in length; the strike length of the entire Borden gold project now stands at 3.7 km. The HGZ still remains open, having been intersected on the furthest section to the southeast. . .we are enthusiastic about this initial pass of stepout drilling on the HGZ."

Ali Khan, Edgecrest Capital Corporation (5/1/14) "Yesterday's results extended Probe Mines Limited's 'high-grade zone' (HGZ) by 600m for a total strike of 1,700m. Notably, the furthest stepout to the southeast still intersected mineralization, leaving the HGZ open to further expansion. . .we see share price weakness as a buying opportunity ahead of two key 2014 catalysts: first, an HGZ resource in mid-2014 and a PEA in late 2014."

Pierre Vaillancourt, Macquarie Capital Markets (5/1/14) "Probe Mines Limited announced results from its winter drilling program at the Borden gold project. All 34 completed holes intersected gold mineralization and expanded the high-grade gold zone (HGZ) 600m along strike to section 2600mSE. . .we believe management can deliver an economic case for mine development of a lower-grade underground HGZ based on a 2.5 g/t cutoff and a higher-grade open-pittable main zone."

Andrew Kaip, BMO Capital Markets (4/30/14) "Probe Mines Limited released assays from drilling at its Borden Gold project. . .wide-spaced drilling has added a further 600m potential to the high-grade zone. The zone remains open to the southeast, providing further exploration potential at Borden Lake. Importantly, drilling has demonstrated continuity of the high-grade core that will be a key component of demonstrating future economic potential."

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