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Corporate Presentation March 2015Corporate Presentation February 2016
wwwprobemetalscom
Cautionary Notes
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 $
TSXV PRB
Investment Highlights
3TSXV PRB
Creating a leading Canadian gold exploration and development company
Our Strategy We are focused on creating value through the acquisition and the exploration of high quality gold
mining properties
Focused on the following criteria
bull Precious Metals
bull Resources Stage Advanced Exploration Potential
bull Mining-Friendly Jurisdiction
bull Good Infrastructure
bull Valuation
Excellent Track Record The team is led by Jamie Sokalsky as Chairman former Barrickrsquos President amp CEO and David
Palmer as President amp CEO former Probe Mines President amp CEO
Proven track record of delivering shareholder value through mineral discovery and project
development as evidenced by the sale of the Borden Gold Project for $526 million to Goldcorp in
March 2015
Strong Financial Position Well-funded cash position ~$18 million
Cornerstone strategic investor in Goldcorp currently owns 18 of the Company
Management amp Board
High calibre team with a proven track-record and an extensive working history
Jamie SokalskyChairman
Currently Director of Agnico Eagle Mines Royal Gold and
Pengrowth Energy
Former President amp CEO of Barrick Gold Corporation (2012-2014)
Former CFO of Barrick Gold Corporation (1999 to 2012)
Yves DessureaultChief 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 LangloisVice 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 McCrearyDirector
Former Director of Probe Mines (2012 to 2015)
Former CEO of Baffinland Iron Mines
Former officer of Kinross Gold
Basil HaymannDirector
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 PetersonDirector
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 MarrelliChief 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 PalmerPresident Chief Executive Officer amp Director
Former President amp CEO of Probe Mines (2003 to 2015)
2015 ndash PDAC Canadian Mineral Discovery
2015 ndash Northern Miner Man of the Year
2014 ndash Prospector of the Year ndash Ontario
2014 - CIM AO Dufresne Exploration Achievement Award
4TSXV PRB
Building A Portfolio of High Quality Gold Assets
5
Acquired in February 2016
Land package of 47 km2 located
between Goldcorprsquos Borden Gold
project and Timmins
Project covers a 10 kilometer long
section of Archean greenstone
that contains the interpreted
western extension of the
Porcupine-Destor Fault Zone
Highly prospective geology in an
under-explored area within one of
Ontariorsquos most prolific gold
producing mining camps
Previous exploration work and
drilling has identified two
distinctive zones of high-grade
gold mineralization and several
prospective gold targets
TSXV PRB
WEST PORCUPINE PROJECT ndash REGIONAL GEOLOGY WEST PORCUPINE PROPERTY
amp ROSS PROPERTY
Past Discoveries
6
BORDEN GOLD PROJECT
Acquired 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
(2+ million ounces of high-grade gold)
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
NI 43-101 Resource Estimate
TSXV PRB
Capital Structure
7
Probe Metals Inc Symbol PRB
Listed Exchange Toronto Venture
Market capitalization $164 million
Shares outstanding (basic) 349 million
Shares outstanding (fully diluted) 375 million
Cash Balance ~$180 million
52 week trading range $056 - $033
Recent Price (022416) $047
Major Shareholders Holdings
(IampO)
Strategic amp Institutional Investors
Goldcorp Agnico Eagle AGF
Sprott Van Eck 1832 Asset Management
BMO Asset Management etc
~ 50
Management amp Directors 9
Analyst Coverage
Macquarie Capital Markets Michael Gray
TSXV PRB
Probe Mines ndash Value Creation
8
Source (1) Company filings FactSet
Market Cap
Gold Price
C$13 mm
US$1105oz
C$59 mm
US$1421ozC$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
$26 Million Flow-
Through Private
Placement
Consolidates
100
Ownership of Borden
Acquisition by GoldcorpHGZ Discovery
51 m at 103 gt
Vo
lum
e (m
illion
s)S
ha
re P
ric
e (
C$)
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 delivering shareholder value through
mineral discovery and project development
Borden Gold project
$59 million to over $525 million market capitalization in four years
TSXV PRB
For Investor Relations contact
Karen Willoughby
Director of Corporate Communications
TF 1-866-936-6766
Tel 416-900-6656
Email kwilloughbyprobemetalscom
wwwprobemetalscom
Cautionary Notes
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 $
TSXV PRB
Investment Highlights
3TSXV PRB
Creating a leading Canadian gold exploration and development company
Our Strategy We are focused on creating value through the acquisition and the exploration of high quality gold
mining properties
Focused on the following criteria
bull Precious Metals
bull Resources Stage Advanced Exploration Potential
bull Mining-Friendly Jurisdiction
bull Good Infrastructure
bull Valuation
Excellent Track Record The team is led by Jamie Sokalsky as Chairman former Barrickrsquos President amp CEO and David
Palmer as President amp CEO former Probe Mines President amp CEO
Proven track record of delivering shareholder value through mineral discovery and project
development as evidenced by the sale of the Borden Gold Project for $526 million to Goldcorp in
March 2015
Strong Financial Position Well-funded cash position ~$18 million
Cornerstone strategic investor in Goldcorp currently owns 18 of the Company
Management amp Board
High calibre team with a proven track-record and an extensive working history
Jamie SokalskyChairman
Currently Director of Agnico Eagle Mines Royal Gold and
Pengrowth Energy
Former President amp CEO of Barrick Gold Corporation (2012-2014)
Former CFO of Barrick Gold Corporation (1999 to 2012)
Yves DessureaultChief 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 LangloisVice 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 McCrearyDirector
Former Director of Probe Mines (2012 to 2015)
Former CEO of Baffinland Iron Mines
Former officer of Kinross Gold
Basil HaymannDirector
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 PetersonDirector
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 MarrelliChief 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 PalmerPresident Chief Executive Officer amp Director
Former President amp CEO of Probe Mines (2003 to 2015)
2015 ndash PDAC Canadian Mineral Discovery
2015 ndash Northern Miner Man of the Year
2014 ndash Prospector of the Year ndash Ontario
2014 - CIM AO Dufresne Exploration Achievement Award
4TSXV PRB
Building A Portfolio of High Quality Gold Assets
5
Acquired in February 2016
Land package of 47 km2 located
between Goldcorprsquos Borden Gold
project and Timmins
Project covers a 10 kilometer long
section of Archean greenstone
that contains the interpreted
western extension of the
Porcupine-Destor Fault Zone
Highly prospective geology in an
under-explored area within one of
Ontariorsquos most prolific gold
producing mining camps
Previous exploration work and
drilling has identified two
distinctive zones of high-grade
gold mineralization and several
prospective gold targets
TSXV PRB
WEST PORCUPINE PROJECT ndash REGIONAL GEOLOGY WEST PORCUPINE PROPERTY
amp ROSS PROPERTY
Past Discoveries
6
BORDEN GOLD PROJECT
Acquired 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
(2+ million ounces of high-grade gold)
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
NI 43-101 Resource Estimate
TSXV PRB
Capital Structure
7
Probe Metals Inc Symbol PRB
Listed Exchange Toronto Venture
Market capitalization $164 million
Shares outstanding (basic) 349 million
Shares outstanding (fully diluted) 375 million
Cash Balance ~$180 million
52 week trading range $056 - $033
Recent Price (022416) $047
Major Shareholders Holdings
(IampO)
Strategic amp Institutional Investors
Goldcorp Agnico Eagle AGF
Sprott Van Eck 1832 Asset Management
BMO Asset Management etc
~ 50
Management amp Directors 9
Analyst Coverage
Macquarie Capital Markets Michael Gray
TSXV PRB
Probe Mines ndash Value Creation
8
Source (1) Company filings FactSet
Market Cap
Gold Price
C$13 mm
US$1105oz
C$59 mm
US$1421ozC$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
$26 Million Flow-
Through Private
Placement
Consolidates
100
Ownership of Borden
Acquisition by GoldcorpHGZ Discovery
51 m at 103 gt
Vo
lum
e (m
illion
s)S
ha
re P
ric
e (
C$)
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 delivering shareholder value through
mineral discovery and project development
Borden Gold project
$59 million to over $525 million market capitalization in four years
TSXV PRB
For Investor Relations contact
Karen Willoughby
Director of Corporate Communications
TF 1-866-936-6766
Tel 416-900-6656
Email kwilloughbyprobemetalscom
wwwprobemetalscom
Investment Highlights
3TSXV PRB
Creating a leading Canadian gold exploration and development company
Our Strategy We are focused on creating value through the acquisition and the exploration of high quality gold
mining properties
Focused on the following criteria
bull Precious Metals
bull Resources Stage Advanced Exploration Potential
bull Mining-Friendly Jurisdiction
bull Good Infrastructure
bull Valuation
Excellent Track Record The team is led by Jamie Sokalsky as Chairman former Barrickrsquos President amp CEO and David
Palmer as President amp CEO former Probe Mines President amp CEO
Proven track record of delivering shareholder value through mineral discovery and project
development as evidenced by the sale of the Borden Gold Project for $526 million to Goldcorp in
March 2015
Strong Financial Position Well-funded cash position ~$18 million
Cornerstone strategic investor in Goldcorp currently owns 18 of the Company
Management amp Board
High calibre team with a proven track-record and an extensive working history
Jamie SokalskyChairman
Currently Director of Agnico Eagle Mines Royal Gold and
Pengrowth Energy
Former President amp CEO of Barrick Gold Corporation (2012-2014)
Former CFO of Barrick Gold Corporation (1999 to 2012)
Yves DessureaultChief 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 LangloisVice 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 McCrearyDirector
Former Director of Probe Mines (2012 to 2015)
Former CEO of Baffinland Iron Mines
Former officer of Kinross Gold
Basil HaymannDirector
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 PetersonDirector
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 MarrelliChief 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 PalmerPresident Chief Executive Officer amp Director
Former President amp CEO of Probe Mines (2003 to 2015)
2015 ndash PDAC Canadian Mineral Discovery
2015 ndash Northern Miner Man of the Year
2014 ndash Prospector of the Year ndash Ontario
2014 - CIM AO Dufresne Exploration Achievement Award
4TSXV PRB
Building A Portfolio of High Quality Gold Assets
5
Acquired in February 2016
Land package of 47 km2 located
between Goldcorprsquos Borden Gold
project and Timmins
Project covers a 10 kilometer long
section of Archean greenstone
that contains the interpreted
western extension of the
Porcupine-Destor Fault Zone
Highly prospective geology in an
under-explored area within one of
Ontariorsquos most prolific gold
producing mining camps
Previous exploration work and
drilling has identified two
distinctive zones of high-grade
gold mineralization and several
prospective gold targets
TSXV PRB
WEST PORCUPINE PROJECT ndash REGIONAL GEOLOGY WEST PORCUPINE PROPERTY
amp ROSS PROPERTY
Past Discoveries
6
BORDEN GOLD PROJECT
Acquired 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
(2+ million ounces of high-grade gold)
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
NI 43-101 Resource Estimate
TSXV PRB
Capital Structure
7
Probe Metals Inc Symbol PRB
Listed Exchange Toronto Venture
Market capitalization $164 million
Shares outstanding (basic) 349 million
Shares outstanding (fully diluted) 375 million
Cash Balance ~$180 million
52 week trading range $056 - $033
Recent Price (022416) $047
Major Shareholders Holdings
(IampO)
Strategic amp Institutional Investors
Goldcorp Agnico Eagle AGF
Sprott Van Eck 1832 Asset Management
BMO Asset Management etc
~ 50
Management amp Directors 9
Analyst Coverage
Macquarie Capital Markets Michael Gray
TSXV PRB
Probe Mines ndash Value Creation
8
Source (1) Company filings FactSet
Market Cap
Gold Price
C$13 mm
US$1105oz
C$59 mm
US$1421ozC$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
$26 Million Flow-
Through Private
Placement
Consolidates
100
Ownership of Borden
Acquisition by GoldcorpHGZ Discovery
51 m at 103 gt
Vo
lum
e (m
illion
s)S
ha
re P
ric
e (
C$)
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 delivering shareholder value through
mineral discovery and project development
Borden Gold project
$59 million to over $525 million market capitalization in four years
TSXV PRB
For Investor Relations contact
Karen Willoughby
Director of Corporate Communications
TF 1-866-936-6766
Tel 416-900-6656
Email kwilloughbyprobemetalscom
wwwprobemetalscom
Management amp Board
High calibre team with a proven track-record and an extensive working history
Jamie SokalskyChairman
Currently Director of Agnico Eagle Mines Royal Gold and
Pengrowth Energy
Former President amp CEO of Barrick Gold Corporation (2012-2014)
Former CFO of Barrick Gold Corporation (1999 to 2012)
Yves DessureaultChief 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 LangloisVice 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 McCrearyDirector
Former Director of Probe Mines (2012 to 2015)
Former CEO of Baffinland Iron Mines
Former officer of Kinross Gold
Basil HaymannDirector
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 PetersonDirector
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 MarrelliChief 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 PalmerPresident Chief Executive Officer amp Director
Former President amp CEO of Probe Mines (2003 to 2015)
2015 ndash PDAC Canadian Mineral Discovery
2015 ndash Northern Miner Man of the Year
2014 ndash Prospector of the Year ndash Ontario
2014 - CIM AO Dufresne Exploration Achievement Award
4TSXV PRB
Building A Portfolio of High Quality Gold Assets
5
Acquired in February 2016
Land package of 47 km2 located
between Goldcorprsquos Borden Gold
project and Timmins
Project covers a 10 kilometer long
section of Archean greenstone
that contains the interpreted
western extension of the
Porcupine-Destor Fault Zone
Highly prospective geology in an
under-explored area within one of
Ontariorsquos most prolific gold
producing mining camps
Previous exploration work and
drilling has identified two
distinctive zones of high-grade
gold mineralization and several
prospective gold targets
TSXV PRB
WEST PORCUPINE PROJECT ndash REGIONAL GEOLOGY WEST PORCUPINE PROPERTY
amp ROSS PROPERTY
Past Discoveries
6
BORDEN GOLD PROJECT
Acquired 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
(2+ million ounces of high-grade gold)
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
NI 43-101 Resource Estimate
TSXV PRB
Capital Structure
7
Probe Metals Inc Symbol PRB
Listed Exchange Toronto Venture
Market capitalization $164 million
Shares outstanding (basic) 349 million
Shares outstanding (fully diluted) 375 million
Cash Balance ~$180 million
52 week trading range $056 - $033
Recent Price (022416) $047
Major Shareholders Holdings
(IampO)
Strategic amp Institutional Investors
Goldcorp Agnico Eagle AGF
Sprott Van Eck 1832 Asset Management
BMO Asset Management etc
~ 50
Management amp Directors 9
Analyst Coverage
Macquarie Capital Markets Michael Gray
TSXV PRB
Probe Mines ndash Value Creation
8
Source (1) Company filings FactSet
Market Cap
Gold Price
C$13 mm
US$1105oz
C$59 mm
US$1421ozC$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
$26 Million Flow-
Through Private
Placement
Consolidates
100
Ownership of Borden
Acquisition by GoldcorpHGZ Discovery
51 m at 103 gt
Vo
lum
e (m
illion
s)S
ha
re P
ric
e (
C$)
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 delivering shareholder value through
mineral discovery and project development
Borden Gold project
$59 million to over $525 million market capitalization in four years
TSXV PRB
For Investor Relations contact
Karen Willoughby
Director of Corporate Communications
TF 1-866-936-6766
Tel 416-900-6656
Email kwilloughbyprobemetalscom
wwwprobemetalscom
Building A Portfolio of High Quality Gold Assets
5
Acquired in February 2016
Land package of 47 km2 located
between Goldcorprsquos Borden Gold
project and Timmins
Project covers a 10 kilometer long
section of Archean greenstone
that contains the interpreted
western extension of the
Porcupine-Destor Fault Zone
Highly prospective geology in an
under-explored area within one of
Ontariorsquos most prolific gold
producing mining camps
Previous exploration work and
drilling has identified two
distinctive zones of high-grade
gold mineralization and several
prospective gold targets
TSXV PRB
WEST PORCUPINE PROJECT ndash REGIONAL GEOLOGY WEST PORCUPINE PROPERTY
amp ROSS PROPERTY
Past Discoveries
6
BORDEN GOLD PROJECT
Acquired 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
(2+ million ounces of high-grade gold)
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
NI 43-101 Resource Estimate
TSXV PRB
Capital Structure
7
Probe Metals Inc Symbol PRB
Listed Exchange Toronto Venture
Market capitalization $164 million
Shares outstanding (basic) 349 million
Shares outstanding (fully diluted) 375 million
Cash Balance ~$180 million
52 week trading range $056 - $033
Recent Price (022416) $047
Major Shareholders Holdings
(IampO)
Strategic amp Institutional Investors
Goldcorp Agnico Eagle AGF
Sprott Van Eck 1832 Asset Management
BMO Asset Management etc
~ 50
Management amp Directors 9
Analyst Coverage
Macquarie Capital Markets Michael Gray
TSXV PRB
Probe Mines ndash Value Creation
8
Source (1) Company filings FactSet
Market Cap
Gold Price
C$13 mm
US$1105oz
C$59 mm
US$1421ozC$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
$26 Million Flow-
Through Private
Placement
Consolidates
100
Ownership of Borden
Acquisition by GoldcorpHGZ Discovery
51 m at 103 gt
Vo
lum
e (m
illion
s)S
ha
re P
ric
e (
C$)
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 delivering shareholder value through
mineral discovery and project development
Borden Gold project
$59 million to over $525 million market capitalization in four years
TSXV PRB
For Investor Relations contact
Karen Willoughby
Director of Corporate Communications
TF 1-866-936-6766
Tel 416-900-6656
Email kwilloughbyprobemetalscom
wwwprobemetalscom
Past Discoveries
6
BORDEN GOLD PROJECT
Acquired 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
(2+ million ounces of high-grade gold)
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
NI 43-101 Resource Estimate
TSXV PRB
Capital Structure
7
Probe Metals Inc Symbol PRB
Listed Exchange Toronto Venture
Market capitalization $164 million
Shares outstanding (basic) 349 million
Shares outstanding (fully diluted) 375 million
Cash Balance ~$180 million
52 week trading range $056 - $033
Recent Price (022416) $047
Major Shareholders Holdings
(IampO)
Strategic amp Institutional Investors
Goldcorp Agnico Eagle AGF
Sprott Van Eck 1832 Asset Management
BMO Asset Management etc
~ 50
Management amp Directors 9
Analyst Coverage
Macquarie Capital Markets Michael Gray
TSXV PRB
Probe Mines ndash Value Creation
8
Source (1) Company filings FactSet
Market Cap
Gold Price
C$13 mm
US$1105oz
C$59 mm
US$1421ozC$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
$26 Million Flow-
Through Private
Placement
Consolidates
100
Ownership of Borden
Acquisition by GoldcorpHGZ Discovery
51 m at 103 gt
Vo
lum
e (m
illion
s)S
ha
re P
ric
e (
C$)
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 delivering shareholder value through
mineral discovery and project development
Borden Gold project
$59 million to over $525 million market capitalization in four years
TSXV PRB
For Investor Relations contact
Karen Willoughby
Director of Corporate Communications
TF 1-866-936-6766
Tel 416-900-6656
Email kwilloughbyprobemetalscom
wwwprobemetalscom
Capital Structure
7
Probe Metals Inc Symbol PRB
Listed Exchange Toronto Venture
Market capitalization $164 million
Shares outstanding (basic) 349 million
Shares outstanding (fully diluted) 375 million
Cash Balance ~$180 million
52 week trading range $056 - $033
Recent Price (022416) $047
Major Shareholders Holdings
(IampO)
Strategic amp Institutional Investors
Goldcorp Agnico Eagle AGF
Sprott Van Eck 1832 Asset Management
BMO Asset Management etc
~ 50
Management amp Directors 9
Analyst Coverage
Macquarie Capital Markets Michael Gray
TSXV PRB
Probe Mines ndash Value Creation
8
Source (1) Company filings FactSet
Market Cap
Gold Price
C$13 mm
US$1105oz
C$59 mm
US$1421ozC$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
$26 Million Flow-
Through Private
Placement
Consolidates
100
Ownership of Borden
Acquisition by GoldcorpHGZ Discovery
51 m at 103 gt
Vo
lum
e (m
illion
s)S
ha
re P
ric
e (
C$)
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 delivering shareholder value through
mineral discovery and project development
Borden Gold project
$59 million to over $525 million market capitalization in four years
TSXV PRB
For Investor Relations contact
Karen Willoughby
Director of Corporate Communications
TF 1-866-936-6766
Tel 416-900-6656
Email kwilloughbyprobemetalscom
wwwprobemetalscom
Probe Mines ndash Value Creation
8
Source (1) Company filings FactSet
Market Cap
Gold Price
C$13 mm
US$1105oz
C$59 mm
US$1421ozC$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
$26 Million Flow-
Through Private
Placement
Consolidates
100
Ownership of Borden
Acquisition by GoldcorpHGZ Discovery
51 m at 103 gt
Vo
lum
e (m
illion
s)S
ha
re P
ric
e (
C$)
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 delivering shareholder value through
mineral discovery and project development
Borden Gold project
$59 million to over $525 million market capitalization in four years
TSXV PRB
For Investor Relations contact
Karen Willoughby
Director of Corporate Communications
TF 1-866-936-6766
Tel 416-900-6656
Email kwilloughbyprobemetalscom
wwwprobemetalscom
For Investor Relations contact
Karen Willoughby
Director of Corporate Communications
TF 1-866-936-6766
Tel 416-900-6656
Email kwilloughbyprobemetalscom
wwwprobemetalscom