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]

Core Viewpoint - Probe Gold Inc. has successfully completed an agreement to acquire a 100% interest in the Bermont Claims, enhancing its Monique Gold Deposit and indicating strong potential for new gold resources and discoveries [2][3]. Acquisition Details - The acquisition cost for the Bermont Claims is $3.0 million, comprising $1.5 million in cash and 894,432 common shares valued at $1.677 per share based on the 10-day VWAP prior to closing [3]. - An additional milestone payment of $1.5 million is contingent upon confirming a mineral resource of at least 1,000,000 ounces of gold [3]. - Jadmine retains a 3.5% NSR over the Bermont Claims, with 2.5% available for Probe to purchase for $2,500,000 [3]. Property Overview - The Bermont Claims extend the eastern boundary of the Monique Deposit by 750 metres and consist of 10 contiguous claims within the Novador Development Project [2][6]. - The Monique resource includes 3.56 million ounces (Moz) Measured and Indicated (M&I) and 0.68 Moz inferred over a strike length of 2,500 metres [6][7]. - Historical drilling from 1945 to 2011 has identified high-grade zones at the Bermont and Adelemont areas, with minimal drilling conducted to date [6][8]. Geological Context - The Bermont and Adelemont mineralized zones share geological characteristics with the Monique gold deposit, indicating potential for further discoveries [7]. - Gold mineralization is associated with deformation zones and porphyry dykes within mafic to ultramafic volcanic assemblages [7]. Future Plans - The company plans to conduct exploration and resource expansion drilling as part of its 2025 program [2][3]. - The acquisition enhances the mine design and reduces costs by adding surface area near the Monique Pit [6]. Company Background - Probe Gold Inc. is focused on acquiring, exploring, and developing gold properties, controlling approximately 1,835 square kilometres of exploration ground in Quebec [11]. - The Novador project, part of the company's portfolio, includes four past-producing mines and represents a significant portion of its gold resources [10].

Core Viewpoint - Probe Gold Inc. has entered into a definitive purchase agreement to acquire a 100% interest in the Bermont Claims for a total consideration of $3.0 million, enhancing its exploration potential adjacent to the Monique Gold Deposit [2][10][18] Transaction Details - The acquisition involves the issuance of common shares valued at $1,500,000 and a cash payment of $1,500,000, along with a milestone payment of $1,500,000 contingent on a mineral resource calculation report confirming at least 1,000,000 ounces of gold [2][11] - Jadmine retains a 3.5% net smelter return royalty on the Property, with 2.5% available for purchase by Probe for $2,500,000 [2] Property Overview - The Bermont Claims are strategically located adjacent to the Monique Deposit, which has resources of 3.56 million ounces measured and indicated and 0.68 million ounces inferred [12] - The Property spans 10 contiguous claims and is part of the Novador Development Project, which has a total land package of 835 square kilometers in the Val-d'Or East area of Quebec [4][10] Exploration Potential - Historical drilling from 1945 to 2011 has identified high-grade gold zones, with significant intercepts reported, including up to 30.9 g/t Au over 1.6 meters [8][9] - The Property has strong potential for additional high-grade gold mineralization and new discoveries, with limited modern exploration conducted [9][10] Future Plans - The company plans to initiate exploration and resource expansion drilling programs on the Property in 2025 [9][10][18] - The acquisition is expected to enhance the exploration potential at Monique by 30% and expand the available surface area for operational infrastructure [18]

Strategic Acquisition - Probe Gold Inc. has entered into a definitive purchase agreement to acquire a 100% interest in the Stella Property, which is strategically located between its Croinor and Megiscane properties [2][3] - The Stella Property hosts the high-grade Lacoma gold zone, discovered in 1925, and spans 52 contiguous claims covering a total of 2,987 hectares [2][5] Exploration Potential - The Lacoma gold zone is situated along the Manneville Fault, which also hosts the McKenzie Break gold resource of 1.45 million ounces in the inferred category, located approximately 55 km to the northwest [2][3] - The property has strong potential for additional high-grade gold mineralization, with significant upside for new discoveries due to limited previous exploration [1][3] Financial Details - The acquisition will be made for consideration of 149,066 common shares of Probe Gold, valued at $250,000 based on the 15-day volume weighted average price [4] - The transaction is subject to regulatory approvals and customary closing conditions, with a hold period of four months and one day for the shares issued [4] Company Growth and Strategy - The acquisition aligns with Probe's strategy of consolidating the underexplored Val-d'Or East region, enhancing the exploration potential of its Novador Development Project [3] - Following the acquisition, Probe's total land package in Val-d'Or will expand to 832 square kilometers, solidifying its position as a leading explorer in the area [3][9] Historical Context - The Stella Property has a historical background dating back to 1925, with previous exploration activities including surface drilling and the establishment of underground levels by Lacoma Gold Mines Ltd. [5][6] - Recent exploration efforts in 2011 included 23 drill holes near the historical Lacoma shaft, indicating the potential for further mineralization [7]

Core Insights - Probe Gold Inc. has significantly increased its gold resources at the Novador project, reporting 6,728,600 ounces in Measured and Indicated (M&I) and 3,277,100 ounces in Inferred resources, nearly doubling from the previous year [1][5][20] - The updated Preliminary Economic Assessment (PEA) for the Novador project indicates an average annual production of 255,000 ounces over a 12.6-year mine life, with an after-tax Net Present Value (NPV) of C$910 million and an Internal Rate of Return (IRR) of 24.4% at a gold price of US$1,750 per ounce [1][4][5] - The company is advancing its permitting process at both federal and provincial levels, having received impact study guidelines, which brings it closer to project approval [1][8] 2024 Achievements - The total gold resources increased to 6,728,600 ounces in M&I and 3,277,100 ounces in Inferred, marking a 77% increase in M&I resources and a 131% increase in Inferred resources compared to 2023 [1][5][6] - The updated PEA supports a robust economic model with a projected average cash cost of US$841 per ounce and an average All-In Sustaining Cost (AISC) of US$1,038 per ounce [5][6] - The company has a strong balance sheet with over $25 million in cash and short-term investments at year-end [1] Plans for 2025 - A 50,000-metre infill drill program is currently underway to support a pre-feasibility study, with plans to increase the number of drill rigs from four to eight during the winter drilling season [2][14] - The completion of biological and physical environment baseline studies and consultations with First Nations and local stakeholders are part of the 2025 plans [2][14] - Exploration programs will focus on resource expansion and new discoveries at Novador satellite deposits and regional projects at Detour and La Peltrie [2][15] Development and Exploration Strategy - The company aims to accelerate permitting work, complete the pre-feasibility study, and target larger, higher-grade resources on newly acquired properties [4][13] - The Novador project is positioned as one of the largest undeveloped gold deposits globally, with significant exploration upside remaining [4][17] - Recent acquisitions, including the McKenzie and Beaufor properties, have added over 2 million ounces of gold to the resource estimate, enhancing the company's development model [1][11][12]