Probe metals-corporate-presentation-may-2015

Corporate Presentation March 2015 Corporate Presentation May 2015

wwwprobemetalscom

Cautionary Notes

wwwprobemetalscom 2

Forward Looking Information This presentation may include certain ldquoforward-looking statementsrdquo within the meaning of applicable Canadian securities legislation All statements other than statements of historical fact included herein including without limitation statements regarding future plans and objectives of Probe Metals Inc (ldquothe Companyrdquo) future opportunities and anticipated goals projected capital and operating expenses timetable to permitting and production and the prospective mineralization of the properties are forward-looking statements that involve various risks assumptions estimates and uncertainties Generally forward looking information can be identified by the use of forward-looking terminology such as plans expects or does not expect is expected budget scheduled estimates forecasts intends anticipates or does not anticipate or believes or variations of such words and phrases or state that certain actions events or results may could would might or will be taken occur or be achieved There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements Forward-looking information is subject to known and unknown risks including but not limited to general business economic competitive geopolitical and social uncertainties the actual results of current exploration activities acquisition risks and other risks of the mining and resource industry Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information there may be other factors that cause results not to be as anticipated estimated or intended These statements reflect the current internal projections expectations or beliefs of the Company and are based on information currently available to the Company The Company does not undertake to update any forward- looking information except in accordance with applicable securities laws The Company believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this presentation should not be unduly relied upon by investors as actual results may vary Unless required to be updated pursuant to securities laws these statements speak only as of the date of this presentation and are expressly qualified in their entirety by this cautionary statement Currency Unless otherwise indicated all dollar values herein are in Canadian $

Company Strategy

wwwprobemetalscom 3

Probe Metals Inc a Canadian precious metal exploration company was formed following the acquisition of Probe Mines Limited by Goldcorp Inc which remains as a 18 shareholder in the Company With a strong treasury the Company is dedicated to executing a business model inspired by the success of its predecessor and is currently focussed on project generation

TSXV PRB

Management amp Board

bull High calibre team with a proven track-record and an extensive working history

Jamie Sokalsky Chairman

Former President amp Chief Executive Officer of Barrick Gold Corporation (2012-2014)

Former Chief Financial Officer of Barrick Gold Corporation (1999 to 2012)

Yves Dessureault Chief Operating Officer

Former COO of Probe Mines (2014-2015) Has over 25 years of experience in Operations Project Evaluation

amp Mine Development Former mining executive at BBA Rio Tinto and HatchCamp

Management

Patrick Langlois Vice President Corporate Development

Former Vice President of Probe Mines (2012 to 2015) Has over 15 years of experience in Corporate Development

Venture Capital amp Investment Banking

Gord McCreary Director

Former Director of Probe Mines (2012 to 2015) Former officer of Kinross Baffinland and Castle Mountain Mining

Basil Haymann Director

Former Director of Probe Mines (2013 to 2015) Entrepreneur currently Chairman of Guard-All Building Solutions Has 50 years of experience founding and taking companies to top

levels of success in their industries

Dennis Peterson Director

Former Director of Probe Mines (2001 to 2015) Founder of Peterson and Company LLP Has 20 years of experience as a corporate securities lawyer

specializing in corporate finance matters for small cap companies

Carmelo Marrelli Chief Financial Officer

Former CFO of Probe Mines (2008 to 2015) Has experience in auditing and investment accounting and as

principal of Marrelli Support Services Inc

Directors

David Palmer President Chief Executive Officer amp Director

Former President amp CEO of Probe Mines (2003 to 2014) 2015 ndash PDAC Canadian Mineral Discovery 2015 ndash Northern Miner Man of the Year 2014 ndash Prospector of the Year - Ontario

4

Past Discoveries amp Going Forward

wwwprobemetalscom 5

BORDEN GOLD PROJECT

Bought by Goldcorp Inc in March 2015

Discovery in 2010

Large resource anchoring a new district

High-grade underground + Bulk tonnage open-pit

NI 43-101 Resource Estimate (4)

Favourable and well-developed infrastructure

BLACK CREEK CHROMITE

100 owned by Probe Metals Inc

Discovery in 2009

Strategically located between Norontrsquos Black Thor and

Big Daddy deposits

High-Grade Chromite deposit at surface

PROBE METALS INC

The company is focused on generating further value for Probe shareholders by the same seasoned and

successful Board and Management team

In order to realize value the Company will focus on the following key criteria

Precious Metals

Resources Stage Advanced Exploration Potential

Mining-Friendly Jurisdiction

Good Infrastructure

Team will be led by Chairman Jamie Sokalsky and President amp CEO David Palmer

Strong history in exploration mining engineering amp

capital markets

Extensive experience in North America

Corporate Structure 348 million shares - Ownership Management amp Directors 9 amp Goldcorp 18

Cash position ~$19 million

Probe Mines ndash Value Creation

wwwprobemetalscom 6

Source (1) Company filings FactSet

Market Cap Gold Price

C$13 mm US$1105oz

C$59 mm US$1421oz

C$116 mm US$1567oz

C$117 mm US$1676oz

C$170 mm US$1202oz

C$551 mm US$1228oz

--

1

2

3

4

5

6

--

$100

$200

$300

$400

$500

$600

Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 Dec-14

Acquires the Borden Gold Project

Borden Gold Discovery

Private Placement of C$25 mm

Initial Mineral Resource Estimate

C$15 mm Bought Deal

Announces 44 Increase in Global Resource Estimate and New Pit Constrained

Announces $150 mm Private Placement

Strategic Investment by Agnico Eagle

$26 Million Flow -

Through Private

Placement

Consolidates 100

Ownership of Borden

Acquisition by Goldcorp HGZ Discovery 51 m at 103 gt

Vo

lum

e (millio

ns) S

har

e P

rice

(C

$)

First HGZ Resource Estimate of 16 mm ozs Indicated Au at 53 gt and 04 mm ozs Au inferred at 44 gt

Updated Resource Estimate 37 mm ozs Indicated Au at 10 gt

and 06 mm ozs Inferred at 11 gt

Proven track record of unlocking value

Borden Gold project $59 million to over $525 million market capitalization in four years

Capital Structure

wwwprobemetalscom 7

Probe Metals Inc Symbol PRB

Listed Exchange Toronto Venture

Market capitalization $125 million

Shares outstanding (basic) 348 million

Shares outstanding (fully diluted) 375 million

Cash Balance amp Receivables ~$190 million

52 week trading range $045 - $035

Recent Price (043015) $036

Major Shareholders Holdings (IampO)

Strategic amp Institutional Investors Goldcorp Agnico Eagle AGF Sprott Van Eck 1832 Asset Management BMO etc

~ 50

Management amp Directors 9

Analyst Coverage

Maquarie Capital Markets Michael Gray

For Investor Relations contact Karen Willoughby Director of Corporate Communications

TF 1-866-936-6766 Tel 416-900-6656 Email kwilloughbyprobemetalscom

wwwprobemetalscom

Cautionary Notes

wwwprobemetalscom 2

Forward Looking Information This presentation may include certain ldquoforward-looking statementsrdquo within the meaning of applicable Canadian securities legislation All statements other than statements of historical fact included herein including without limitation statements regarding future plans and objectives of Probe Metals Inc (ldquothe Companyrdquo) future opportunities and anticipated goals projected capital and operating expenses timetable to permitting and production and the prospective mineralization of the properties are forward-looking statements that involve various risks assumptions estimates and uncertainties Generally forward looking information can be identified by the use of forward-looking terminology such as plans expects or does not expect is expected budget scheduled estimates forecasts intends anticipates or does not anticipate or believes or variations of such words and phrases or state that certain actions events or results may could would might or will be taken occur or be achieved There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements Forward-looking information is subject to known and unknown risks including but not limited to general business economic competitive geopolitical and social uncertainties the actual results of current exploration activities acquisition risks and other risks of the mining and resource industry Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information there may be other factors that cause results not to be as anticipated estimated or intended These statements reflect the current internal projections expectations or beliefs of the Company and are based on information currently available to the Company The Company does not undertake to update any forward- looking information except in accordance with applicable securities laws The Company believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this presentation should not be unduly relied upon by investors as actual results may vary Unless required to be updated pursuant to securities laws these statements speak only as of the date of this presentation and are expressly qualified in their entirety by this cautionary statement Currency Unless otherwise indicated all dollar values herein are in Canadian $

Company Strategy

wwwprobemetalscom 3


TSXV PRB









Management















Directors



4


wwwprobemetalscom 5

BORDEN GOLD PROJECT


Discovery in 2010







Discovery in 2009


Big Daddy deposits


PROBE METALS INC




Precious Metals



Good Infrastructure



capital markets





wwwprobemetalscom 6



C$13 mm US$1105oz

C$59 mm US$1421oz

C$116 mm US$1567oz

C$117 mm US$1676oz

C$170 mm US$1202oz

C$551 mm US$1228oz

--

1

2

3

4

5

6

--

$100

$200

$300

$400

$500

$600






C$15 mm Bought Deal




$26 Million Flow -

Through Private

Placement

Consolidates 100

Ownership of Borden


Vo

lum

e (millio

ns) S

har

e P

rice

(C

$)






Capital Structure

wwwprobemetalscom 7











~ 50


Analyst Coverage




wwwprobemetalscom

Company Strategy

wwwprobemetalscom 3


TSXV PRB









Management















Directors



4


wwwprobemetalscom 5

BORDEN GOLD PROJECT


Discovery in 2010







Discovery in 2009


Big Daddy deposits


PROBE METALS INC




Precious Metals



Good Infrastructure



capital markets





wwwprobemetalscom 6



C$13 mm US$1105oz

C$59 mm US$1421oz

C$116 mm US$1567oz

C$117 mm US$1676oz

C$170 mm US$1202oz

C$551 mm US$1228oz

--

1

2

3

4

5

6

--

$100

$200

$300

$400

$500

$600






C$15 mm Bought Deal




$26 Million Flow -

Through Private

Placement

Consolidates 100

Ownership of Borden


Vo

lum

e (millio

ns) S

har

e P

rice

(C

$)






Capital Structure

wwwprobemetalscom 7











~ 50


Analyst Coverage




wwwprobemetalscom









Management















Directors



4


wwwprobemetalscom 5

BORDEN GOLD PROJECT


Discovery in 2010







Discovery in 2009


Big Daddy deposits


PROBE METALS INC




Precious Metals



Good Infrastructure



capital markets





wwwprobemetalscom 6



C$13 mm US$1105oz

C$59 mm US$1421oz

C$116 mm US$1567oz

C$117 mm US$1676oz

C$170 mm US$1202oz

C$551 mm US$1228oz

--

1

2

3

4

5

6

--

$100

$200

$300

$400

$500

$600






C$15 mm Bought Deal




$26 Million Flow -

Through Private

Placement

Consolidates 100

Ownership of Borden


Vo

lum

e (millio

ns) S

har

e P

rice

(C

$)






Capital Structure

wwwprobemetalscom 7











~ 50


Analyst Coverage




wwwprobemetalscom


wwwprobemetalscom 5

BORDEN GOLD PROJECT


Discovery in 2010







Discovery in 2009


Big Daddy deposits


PROBE METALS INC




Precious Metals



Good Infrastructure



capital markets





wwwprobemetalscom 6



C$13 mm US$1105oz

C$59 mm US$1421oz

C$116 mm US$1567oz

C$117 mm US$1676oz

C$170 mm US$1202oz

C$551 mm US$1228oz

--

1

2

3

4

5

6

--

$100

$200

$300

$400

$500

$600






C$15 mm Bought Deal




$26 Million Flow -

Through Private

Placement

Consolidates 100

Ownership of Borden


Vo

lum

e (millio

ns) S

har

e P

rice

(C

$)






Capital Structure

wwwprobemetalscom 7











~ 50


Analyst Coverage




wwwprobemetalscom


wwwprobemetalscom 6



C$13 mm US$1105oz

C$59 mm US$1421oz

C$116 mm US$1567oz

C$117 mm US$1676oz

C$170 mm US$1202oz

C$551 mm US$1228oz

--

1

2

3

4

5

6

--

$100

$200

$300

$400

$500

$600






C$15 mm Bought Deal




$26 Million Flow -

Through Private

Placement

Consolidates 100

Ownership of Borden


Vo

lum

e (millio

ns) S

har

e P

rice

(C

$)






Capital Structure

wwwprobemetalscom 7











~ 50


Analyst Coverage




wwwprobemetalscom

Capital Structure

wwwprobemetalscom 7











~ 50


Analyst Coverage




wwwprobemetalscom



wwwprobemetalscom

Documents

Probe metals-corporate-presentation-may-2015