Highlights: As part of the permitting process for the Novador Project, Probe Gold has awarded the Environmental Impact Assessment/Statement (EIA/EIS) contract to WSP.The completed EIA/EIS will form the cornerstone of Probe Gold’s impact assessment application to federal and provincial regulators, and is another significant milestone in the permitting process, bringing the Novador Project closer to production.WSP is a globally recognized leader in environmental permitting, consistently ranked among the top e ...

Highlights: Monique Deposit (B & B1 Zones) – Infill drilling returned several high-grade intercepts: 5.4 g/t Au over 16.4 metres (cut) (10.7 g/t Au uncut), including 30.5 g/t Au over 5.6 metres6.7 g/t Au over 20.7 metres (cut) (12.3 g/t Au uncut)2.8 g/t Au over 16.5 metres; 4.8 g/t Au over 8.3 metres12.8 g/t Au over 19.5 metres (cut) (13.9 g/t Au uncut), including 42.7 g/t Au over 6.2 metres Monique Deposit (E1, G2, J2, and J3 Zones) – Infill drilling yielded: 4.0 g/t Au over 7.6 metres4.1 g/t Au over 6.7 m ...

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES TORONTO, April 15, 2025 (GLOBE NEWSWIRE) -- Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”), is pleased to announce that it has closed its previously announced upsized bought-deal private placement. The Offering (as defined below) was completed through a syndicate of underwriters led by Canaccord Genuity Corp., Beacon Securities Limited and Scotiabank and including BMO Capital Mark ...

Core Viewpoint - Probe Gold Inc. has reported significant results from its Novador in-fill drill program, which is crucial for the upcoming pre-feasibility study, indicating strong continuity and grade of gold mineralization in the Bussiere and Monique deposits [2][3]. Summary by Sections Drill Program Overview - The winter in-fill drill program consists of 50,000 metres initiated in fall 2024, with results from 31 drill holes totaling 9,083 metres [2]. - The program aims to support the 2025 pre-feasibility study for the Novador property located near Val-d'Or, Quebec [2]. Significant Drill Results - Notable gold intercepts were found at various depths, with significant grades reported: - Bussiere deposit: up to 14.8 g/t Au over 4.0 metres (cut) and 18.9 g/t Au (uncut) [5]. - Monique deposit: up to 4.4 g/t Au over 7.0 metres, including 17.1 g/t Au over 1.1 metres [5]. - The results indicate both near-surface and deeper mineralization, with potential for further expansion [3][5]. Company Strategy and Focus - The company is focused on advancing the Novador project, aiming to position it as a leading development project in varying gold price environments [3]. - Progress is being made in permitting, resource growth, and mine plan optimization, enhancing confidence in the project's potential [3]. Geological Context - The mineralization in the Courvan trend, including the Bussiere Mine sector, is characterized by shallow-dipping gold-bearing veins associated with shear zones [9]. - The Monique deposit features mineralization linked to deformation zones, with structures extending laterally up to 2,500 metres [11]. Resource and Land Position - Probe Gold controls a significant land package of 835 square kilometres in the Val d'Or East area, which includes four past-producing mines and contains 80% of the company's gold resources [14]. - The total gold resources in Val-d'Or properties amount to 6,728,600 ounces in the Measured and Indicated category and 3,277,100 ounces in the Inferred category [16].

Highlights : Geochemical studies conducted in 2023 and 2024 confirm earlier results that waste rock, and tailings pose a very low risk of acid generation and metal leaching, meeting regulatory standards.Kinetic field tests confirm non-acid-generating, non-leachable classification for the waste rock in the Monique sector of the Novador mining project. Kinetic tests for Pascalis and Courvan sectors will be completed in 2025-2026.This classification will lower mining infrastructure costs and facilitate permitt ...

Core Insights - Probe Gold Inc. has reported successful results from its 2024 MMI soil sampling program at the Detour Quebec Project, identifying strong gold and gold-copper trends extending 15 kilometers southeast of Agnico Eagle's Zone 58N gold deposit [2][4] - The company plans to expand its soil sampling program, conduct follow-up geophysical surveys, and initiate drilling on newly identified targets in 2025, emphasizing the project's district-scale potential [2][4] Exploration Results - The 2024 MMI soil sampling program involved 2,451 samples, focusing on the Lower Detour Deformation Zone and Zone 58N shear splay, with a sampling spacing of 50 meters along lines spaced 200 to 400 meters apart [2][3] - Numerous MMI soil anomalies were identified, correlating with IP anomalies from the 2023 geophysical survey, indicating potential for additional zones of gold mineralization [2][3] Structural Analysis - SRK Consulting is conducting a magnetic structural interpretation to enhance the understanding of the Au mineralized zone, focusing on the geometry of structures and distribution of fault/shear zones [3] - The structural analysis aims to identify highly prospective areas associated with Au mineralization for an upcoming drilling program [3] Project Overview - The Detour Quebec Project spans 777 square kilometers along the Detour Gold Trend and is strategically located near Canada's second-largest gold mine at Detour Lake [5] - The project includes various properties, such as the La Peltrie property option and the Gaudet-Fenelon JV property, and is positioned adjacent to recent high-grade gold discoveries [5] Future Plans - In 2025, the company intends to prioritize the Detour project in its regional exploration strategy, with plans for an expanded soil program and follow-up drilling [2][4]

Core Viewpoint - Probe Gold Inc. has reported significant results from its Novador in-fill and condemnation drill program, confirming continuity and grade of gold mineralization, which is crucial for the upcoming Pre-Feasibility Study (PFS) [2][3]. Summary by Relevant Sections Drill Results - The company conducted a total of fifty-three infill drill holes, totaling 15,285 metres, with significant gold intercepts found at the Bussiere deposit and deeper zones at Monique [2]. - Sixteen condemnation drill holes totaling 2,529 metres were also completed, with one hole returning gold mineralization of 1.5m at 16.2g/t Au [2]. Infill Drilling Highlights - Infill drilling at the Bussiere deposit intersected near-surface gold zones with grades up to 3.8 g/t Au over 17.4 metres (cut) and 26.5 g/t Au over the same length (uncut), including a notable intercept of 444 g/t Au over 1.0 metre [5]. - The Monique deposit yielded up to 4.0 g/t Au over 9.0 metres, with significant intersections including 29.9 g/t Au over 1.0 metre and 1.9 g/t Au over 17.0 metres [5]. Project Development - The PFS is a critical milestone for advancing the Novador project, with the company expressing confidence in its potential due to progress in permitting, resource growth, and mine-plan improvements [3]. - The ongoing drilling program aims to support the 2025 pre-feasibility study, with a total of 50,000 metres planned for winter infill drilling [5]. Geological Context - The mineralization at the Courvan trend, including the Bussiere Mine sector, is characterized by shallow-dipping gold-bearing veins associated with shear zones in the Bourlamaque granodiorite batholith [11]. - At Monique, mineralization is associated with deformation zones and a network of quartz/carbonate veins, extending laterally up to 2,500 metres and down to a depth of 700 metres [13]. Company Overview - Probe Gold Inc. is focused on the acquisition, exploration, and development of gold properties, owning 100% of the Novador Gold Project, which contains 80% of the company's gold resources in Val-d'Or East [17]. - The Novador project encompasses a land package of 202 square kilometres, hosting four past-producing mines and situated in a politically stable mining environment [16].

Core Viewpoint - Probe Gold Inc. has established a Community Integration Committee (CIC) for its Novador mining project to engage stakeholders and enhance project development through community insights and feedback [2][7]. Group 1: Community Integration Committee (CIC) - The CIC will serve as a platform for stakeholder engagement, contributing to the environmental impact study and promoting social acceptability of the Novador project [2][3]. - The committee's composition reflects diverse community perspectives and includes expertise in municipal affairs, environmental issues, health services, and economic development [3][4]. - The CIC's work is set to commence in February 2025, aligning with the timeline for completing the environmental impact study and obtaining necessary government authorizations [5]. Group 2: Novador Mining Project Overview - The Novador project is located in the Val d'Or East area of Quebec, covering 202 square kilometers and hosting four past-producing mines, representing 80% of Probe's gold resources in the region [6][8]. - The project is situated in a politically stable and low-cost mining environment, with a significant land package of 835 square kilometers in the Val-d'Or mining camp [6]. - The updated Preliminary Economic Assessment for Novador indicates an average annual gold production of 255,000 ounces over a mine life of 12.6 years, with total gold resources of 6,728,600 ounces in the Measured and Indicated category and 3,277,100 ounces in the Inferred category [8].

Transaction Details - Probe Gold Inc has completed the acquisition of a 100% interest in the Stella Property from Leopard Lake Gold Corp for 149,066 common shares of the Company, valued at $250,000 based on a deemed price per share of $1.677 [2][3] - The shares issued are subject to a hold period of four months and one day from the date of issuance under Canadian securities laws [3] About the Stella Property - The Stella Property, with a history dating back to 1925, includes the historic high-grade Lacoma gold zone and is strategically located between Probe's Croinor and Megiscane properties [4][5] - The 30-square-kilometre property offers significant potential for high-grade gold mineralization and new discoveries along a prolific gold-bearing structure [5] - Recent drilling in 2011 near the historical Lacoma shaft intersected 1.6 g/t Au over 14.8 meters in a quartz-veined and pyrite-rich diorite stockwork [7] About Probe's Novador Project - The Novador Project, part of Probe's 835-square-kilometre land package in the Val-d'Or East area, hosts four past-producing mines and contains 80% of the Company's gold resources in the region [9] - The project is situated in a politically stable and low-cost mining environment with numerous active producers and mills [9] About Probe Gold - Probe Gold Inc is a leading Canadian company focused on the acquisition, exploration, and development of highly prospective gold properties [10] - The Company owns 100% of its flagship asset, the multimillion-ounce Novador Gold Project in Quebec, and controls a large land package of approximately 1835 square kilometres within some of the most prolific gold belts in Quebec [10] - The Novador updated Preliminary Economic Assessment outlines a robust mining plan with an average annual gold production of 255,000 ounces over a 12.6-year mine life [10] Val-d'Or Properties - The Val-d'Or properties include gold resources totaling 6,728,600 ounces in the Measured and Indicated category and 3,277,100 ounces in the Inferred category [11]

Highlights: The Bermont Claims extend the Company’s Monique Deposit's eastern boundary, adding 750 metres of potential strike extension. The Monique resource includes 3.56 Moz M&I and 0.68 Moz inferred over 2,500 metres of strike length.The Property (as defined below) hosts the Bermont and Adelemont zones, with minimal drilling to date. These zones remain open laterally and at depth, sharing the same geological setting as the Monique deposit.Adds surface area near the Monique Pit, enhancing mine design and ...