Probe Gold Completes Acquisition of Stella Property in Val-d’Or, Quebec

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]