Highlights: Courvan Trend infill drilling results intersected near-surface gold zones with significant grades up to 8.7 g/t Au over 6 metres (cut) including 50 g/t Au over 1.0 metres and an intersection of 7.2 g/t Au over 6 metres.The recently completed 50,000-metre winter infill drilling program was designed to support the upcoming 2025 Pre-Feasibility Study, which is expected by year-end. TORONTO, July 22, 2025 (GLOBE NEWSWIRE) -- Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”), is pl ...

Core Viewpoint - Probe Gold Inc. has reported significant results from its 50,000-metre winter infill drill program at the Novador property, which is expected to support the upcoming 2025 pre-feasibility study, confirming continuity and expansion potential of gold resources [2][3][5]. Group 1: Drill Program Results - The infill drill program consisted of 51 drill holes totaling 8,405 metres, yielding notable gold intercepts from near-surface to approximately 200 metres vertical depth in the Bussiere and Creek deposit areas [2][3]. - Significant grades were reported, including 6.2 g/t Au over 4.9 metres and 26.8 g/t Au over 1.0 metre, with additional intersections of 3.1 g/t Au over 17.0 metres [5][6]. Group 2: Project Development and Future Plans - The results from the drilling program are crucial for resource conversion and will form a foundation for the pre-feasibility study, marking an important milestone in advancing the Novador project towards development [3][5]. - The company is making progress in permitting, resource expansion, and optimizing the mine plan, with a strong treasury supporting its commitment to establishing Novador as a top-tier gold development project [3][14]. Group 3: Geological Context - Mineralization along the Courvan trend is characterized by shallow-dipping East-West gold-bearing veins associated with shear zones intersecting the Bourlamaque granodiorite batholith, indicating a favorable geological setting for gold extraction [9][13]. - The Bussiere deposit remains open laterally and at depth, suggesting further exploration potential [9].

Core Insights - Probe Gold Inc. has awarded major engineering contracts for the Pre-Feasibility Study (PFS) of its Novador Project, scheduled for completion by the end of 2025 [2][6] - Ausenco Engineering Canada ULC will lead the PFS, overseeing project timelines and deliverables, while G Mining Services Inc. will handle mining engineering aspects [3][4] - GHD has been appointed for tailings and water management engineering, leveraging their understanding of the project site for optimal design solutions [5][6] Company Overview - Probe Gold has consolidated a significant land position in the Val d'Or East area of Quebec, covering 835 square kilometers, with the Novador Project being a key asset [7][11] - The Novador Project includes four past-producing mines and contains 80% of the company's gold resources in the region, situated in a politically stable and low-cost mining environment [7][11] - The company has a robust mining plan with an average annual gold production of 255,000 ounces over a 12.6-year mine life [11][12] Engineering Partnerships - Ausenco is recognized for its innovative consulting and project delivery in the minerals and metals sector, with a strong track record in Quebec [8][9] - G Mining Services specializes in both underground and open-pit mining projects, providing comprehensive services from exploration to full-scale operations [10] - GHD is a global professional services company focused on integrated solutions for environmental and engineering challenges, currently supporting multiple mining projects in Canada [10][11] Project Progress - Probe Gold has completed a 50,000-meter infill drilling program to support the PFS, which remains on track for completion by year-end 2025 [9] - The company is making steady progress on its permitting strategy and is fully funded to advance through the next stages of regulatory and permitting work [6][11]

Core Viewpoint - Probe Gold Inc. has awarded the Environmental Impact Assessment/Statement (EIA/EIS) contract for the Novador Project to WSP Canada Inc., marking a significant step in the permitting process aimed at advancing the project towards production [2][3][6]. Group 1: Environmental Impact Assessment - The EIA/EIS will cover essential environmental aspects such as geochemistry, groundwater and surface water quality, hydrology, air quality, and species with conservation status [2][6]. - Submission of the EIA/EIS to federal and provincial authorities is targeted for Q1 2027, which is crucial for obtaining necessary permits [2][3]. Group 2: Project Overview - The Novador Project is part of a larger land package of 835 square kilometers in the Val d'Or East area of Quebec, which includes four past-producing mines and contains 80% of the company's gold resources in this region [5][7]. - The project is situated in a politically stable and low-cost mining environment, enhancing its attractiveness for development [7]. Group 3: Company Position and Future Plans - Probe Gold is fully funded to advance through the regulatory and permitting process, which is expected to unlock significant value for shareholders [3]. - The company's Novador updated Preliminary Economic Assessment indicates an average annual gold production of 255,000 ounces over a mine life of 12.6 years [9].

Core Insights - Probe Gold Inc. has reported strong results from its infill drill program at the Monique deposit, confirming the continuity and expansion of gold zones, which will support the upcoming pre-feasibility study [2][3][5] - The company is focused on consolidating the project into fewer, larger open pits to enhance overall value and reduce risks, backed by a treasury of over $50 million [3][12] - The infill drilling program has completed 50,000 metres, yielding several high-grade gold intercepts, with significant grades reported [5][6] Company Overview - Probe Gold Inc. is dedicated to the acquisition, exploration, and development of gold properties, owning 100% of the Novador Gold Project in Quebec, which is a multimillion-ounce asset [13] - The Novador project encompasses a land package of 835 square kilometres in the Val d'Or East area, containing 80% of the company's gold resources [12][13] - The company has a robust mining plan with an average annual gold production of 255,000 ounces over a 12.6-year mine life [13][14] Drilling Results - The infill drilling at Monique has returned several high-grade intercepts, including 5.4 g/t Au over 16.4 metres (cut) and 10.7 g/t Au uncut, with notable inclusions of 30.5 g/t Au over 5.6 metres [5][6] - Other significant results include 12.8 g/t Au over 19.5 metres (cut) and 13.9 g/t Au uncut, indicating strong mineralization across various zones [5][6] - The mineralization is associated with deformation zones and extends laterally up to 2,500 metres, remaining open for further expansion [9]

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].

Core Insights - Probe Gold Inc announced positive results from geochemical characterization studies at its Novador mine project in Val-d'Or, Quebec, indicating that mining materials are non-acid-generating and non-leachable, which will lower mining infrastructure costs and simplify monitoring [2][3][7] Environmental Geochemical Characterization - The geochemical characterization programs followed rigorous testing protocols recommended by Quebec's Ministry of the Environment, assessing the acid-generating and metal-leaching potential of mining materials [4][5] - A total of 409 drill core samples were collected, along with 10 tailings samples, ensuring broad spatial coverage across the three gold corridors [6][8] - Kinetic field tests confirmed the non-acid-generating and non-leachable classification for waste rock in the Monique sector, with further tests planned for the Pascalis and Courvan sectors [7][14] Testing Methodology - The testing methodology included chemical composition analysis, acid-base accounting evaluations, and leaching tests, with a focus on ensuring accuracy and representativeness [4][11] - Water analysis results indicated that mine waste rock in the Monique area is alkaline, with pH values ranging between 7.0 and 9.5, supporting the low risk of acid mine drainage [18][19] Next Steps - Probe plans to integrate the results from the environmental geochemical characterization program into block models for the Novador mining project, enhancing management of mining materials [20][21] - Additional geochemical programs will be launched to expand the geochemical database for the upcoming environmental impact assessment, including assessments of underground developments and overburden [22][23] Company Overview - Probe Gold Inc is focused on the acquisition, exploration, and development of high-potential gold properties, owning 100% of the Novador gold project and controlling a vast exploration land package of approximately 1,835 square kilometers [28]

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].