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]

Core Viewpoint - Probe Gold Inc. has successfully closed an upsized bought-deal private placement, raising a total of $45,275,000 through the issuance of common shares and flow-through shares [1][3]. Group 1: Offering Details - The Offering consisted of 6,250,000 flow-through shares priced at $3.24 each, generating gross proceeds of $20,250,000 [1]. - Additionally, 13,750,000 common shares were sold at $1.82 each, resulting in gross proceeds of $25,025,000 [1]. - The total gross proceeds from the Offering amount to $45,275,000 [1]. Group 2: Use of Proceeds - The proceeds from the sale of flow-through shares will be used to incur eligible Canadian exploration expenses related to the Company's properties in Québec, Canada, by December 31, 2026 [2]. - The Company plans to utilize the proceeds to advance its Novador Gold project, explore its Québec properties, and for working capital [3]. Group 3: Company Overview - Probe Gold Inc. is focused on acquiring, exploring, and developing gold properties, owning 100% of the Novador Gold Project and controlling approximately 1,835 square kilometers of exploration ground in Québec [6]. - The Novador project has a Preliminary Economic Assessment indicating an average annual gold production of 255,000 ounces over a mine life of 12.6 years [6]. - The Val-d'Or properties contain gold resources totaling 6,728,600 ounces in the Measured and Indicated category and 3,277,100 ounces in the Inferred category [7].

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].