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WELL-FUNDED CANADIAN GOLD EXPLORER UNLOCKING VALUE IN VAL-D’OR
April 2018
2
Forward Looking Statement
Forward Looking InformationThis presentation may include certain “forward-looking statements” 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. (“the Company”), future opportunities and anticipated goals, the company’s portfolio, treasury, management team, 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 “seeks”, “believes”, “anticipates”, “plans”, “continues”, “budget”, “scheduled”, “estimates”, “expects”, “forecasts”, “intends”, “projects”, “predicts”, “proposes”, "potential", “targets” and variations of such words and phrases, or by statements that certain actions, events or results “may”, “will”, “could”, “would”, “should” or “might”, “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: an inability to complete the business combination; general business, economic, competitive, geopolitical and social uncertainties; delays in obtaining or failures to obtain required governmental, regulatory, environmental or other required approval; 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 are based on information currently available to the Company. The Company do not undertake to update any forward-looking information, except in accordance with applicable securities laws. The Company believe 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.
National Instrument 43-101Technical and scientific information contained herein relating to the Projects is derived from National Instrument 43-101 (“NI 43-101”) compliant technical reports (“Reports”) Mineral Resources Val d’Or East Property dated February 20, 2018. Technical and scientific information not contained within the Report and contained in this Presentation has been reviewed and approved by Independent Qualified Person Mr. Christian D’ Amour, P. Geo., from GeoPointCom, who is the independent “qualified person” under NI 43-101. The Technical Report is available for revision on SEDAR at www.SEDAR.com under the Company’s profile. This Presentation uses the terms “indicated resources” and “inferred resources”. Although these terms are recognized and required by Canadian regulations (under NI 43-101), the United States Securities and Exchange Commission does not recognize them. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. There is no guarantee that all or any part of the mineral resource will be converted into mineral reserves. In addition, “inferred resources” have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre feasibility studies, or economic studies, except for a Preliminary Assessment as defined under NI 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.
CurrencyUnless otherwise indicated, all dollar values herein are in Canadian $.
TSX-V: PRB | OTCQB: PROBF | FRANKFURT: 3PB
FOCUSED ON THE UNDER-EXPLORED VAL-D’OR EAST DISTRICT IN QUEBEC 327 km2 district-scale land consolidation within one of Canada's leading gold mining camps
1.4MOZ OF GOLD RESOURCE WITH SIGNIFICANT EXPLORATION UPSIDE Open pit-constrained resource1
• 535,900 oz. of gold at 2.16 g/t Au Indicated• 247,400 oz. of gold at 1.46 g/t Au Inferred
Underground resource1
• 146,500 oz. of gold at 3.44 g/t Au Indicated• 474,700 oz. of gold at 3.65 g/t Au Inferred
Aggressive ongoing exploration program• 85,000 metres of drilling planned in 2018 focus on resource expansion and the discovery of gold
deposits
STRONG FUNDAMENTALS Well-funded, cash position ~$25mm Goldcorp is a strategic investor Management with proven track record of delivering shareholder value
Gold Explorer Unlocking Value in Canada
(1) Source: NI 43-101 technical report Mineral Resources Val-d’Or East Gold Project, February 20, 2018
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Jamie SokalskyChairman Currently, Director of Agnico Eagle Mines, Royal Gold and
Pengrowth Energy Former President & 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
& Mine Development Former mining executive at BBA, Rio Tinto and Hatch
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 & Investment Banking
Gord McCrearyDirector Former Director of Probe Mines (2012 to 2015) Former CEO of Newcastle Gold Former CEO of Baffinland Iron Mines Founding officer of Kinross Gold
Basil HaymannDirector Former Director of Probe Mines (2013 to 2015) Entrepreneur, currently Chairman of FabriTec Structures LLC Has 50 plus 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
DirectorsDavid PalmerPresident, Chief Executive Officer & Director Former President & CEO of Probe Mines (2003 to 2015) 2015 – PDAC Bill Dennis Award for a Canadian Mineral Discovery 2015 – Northern Miner Mining Person of the Year 2014 – Prospector of the Year – Ontario 2014 – CIM A.O. Dufresne Exploration Achievement Award
Marco GagnonExecutive Vice President & Director Former President & CEO of Adventure Gold (2007 to 2016) Has over 25 years of experience in Project Acquisition, Exploration
and Mine Development Former senior geologist with Inmet Mining and Barrick Gold
The Probe TeamTrack record of delivering shareholder value
4TSX-V: PRB | OTCQB: PROBF | FRANKFURT: 3PB
Capital Structure & Financial Information……………………………….
Probe Metals Inc.
Market capitalization $118.3 million
Shares outstanding (basic) 93.9 million
Shares outstanding (fully diluted) 99.9 million
Cash & Investments ~$25.0 million
52 week trading range $1.74 - $1.22
Recent Price (04/06/18) $1.26
Top Shareholders
Goldcorp (~14%)Caisse de dépôt et placement du
QuébecAGF Investments Libra Advisors Kingsley
AdvisorsWindermere
Capital
Sprott Asset Management
U.S. Global Investors
BMO Asset Management
1832 Asset Management
Fonds de solidarité FTQ SIDEX
Management & Directors (~6%)
5TSX-V: PRB | OTCQB: PROBF | FRANKFURT: 3PB
Analyst Coverage
Canaccord Genuity Tom Gallo
Cormark Securities Tyron Breytenbach
Industrial Alliance Securities George Topping
Mackie Research Capital Stuart McDougall
Macquarie Capital Markets Michael Gray
Portfolio of High Quality Gold AssetsCanadian focus: Quebec
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Val-d’Or East ProjectDistrict-Scale Exploration Opportunity
Good access and infrastructure: Proximity to road, electricity, Val-d’Or, regional airport, railroad
Quebec: mining friendly jurisdictions
Four past producing mines trend on the project
Strategic land position
ABITIBI GREENSTONE BELTVAL-D’OR CAMP ~20 Moz Au PRODUCTION
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PROBE IS NOW ONE OF THE LARGEST LANDHOLDERS IN VAL-D'OR
Val-d’Or East ProjectConsolidation Strategy
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327 KM2 DISTRICT-SCALE LAND CONSOLIDATION WITHIN ONE OF CANADA’S LEADING GOLD MINING CAMPS
Val-d’Or East ProjectMineral Resource Summary - February 20, 2018
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Deposit / Category
OPEN PIT-CONSTRAINED UNDERGROUND TOTAL
Tonnes Grade(Au g/t)
Gold(oz.) Tonnes Grade
(Au g/t)Gold(oz.) Tonnes Grade
(Au g/t)Gold(oz.)
Indicated 7,710,300 2.16 535,900 1,325,900 3.44 146,500 9,036,200 2.35 682,400
Inferred 5,259,500 1.46 247,400 4,044,400 3.65 474,700 9,303,900 2.41 722,100
1.4M OUNCES OF GOLD RESOURCE WITH EXPLORATION UPSIDE
* Mineral Resources Statement, GeoPointCom
HIGH-GRADE OPEN-PIT WITH SIGNIFICANT UNDERGROUND POTENTIAL
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Val-d’Or East ProjectGeological Model
Highway Deposit
South Deposit
New BeliveauDeposit
North Deposit
Gold mineralized system of 2.5 km in strike length
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Val-d’Or East ProjectLong Section
The deposits have shown significant improvement and remain open in all directions for expansion
2018 Exploration
Target
2018 Exploration
Target
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Val-d’Or East Project3 D Block Model
Resource ExpansionPotential
Resource Expansion Potential
Resource ExpansionPotential
Resource ExpansionPotential
1 km
Significant gold mineralized system over 2.5 km in strike length, scale potential
Val-d’Or East ProjectFocus on Resource Expansion
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HIGH-GRADE OPEN-PIT WITH SIGNIFICANT UNDERGROUND POTENTIAL
Ongoing drill program confirms the continuity of gold mineralization and the expansion potential of the New Beliveau deposit
Recent discoveries indicate extensive gold mineralized system, now identified over a strike length of 2.5 km
Hole 3114.9 g/t Au / 41 mInc. 20.5 g/t Au / 9 mInc. 174.8 g/t Au / 1 m
Val-d’Or East ProjectExploration Targets
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First property scale geophysical survey completed on the property, over 500 line kilometres
Ongoing property-scale IP survey designed to test for extensions to the known mineralized system as well as satellite gold targets
Additional gold exploration targets identified on the Pascalis Trend
TSX-V: PRB | OTCQB: PROBF | FRANKFURT: 3PB
Advancing Val-d’Or East Project
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2018 Exploration Program - $12M Budget
Ongoing 85,000-metre drill program focused on expanding the current gold resources and the discovery of new gold deposits within the regional land holdings.
Engineering studies Geotechnical, environmental
geochemistry, hydrogeology, metallurgy
Environmental baseline
Additional regional target generation
VAL-D’OR EAST PROJECT Surface Map
New Beliveau
Highway
North
Resenor
Sleepy
Monique
South Zone
Second largest land package associated with the Detour Gold Trend; Land package of 398 km2
Discovery hole MA-16-05 is located 12 km east of Detour Gold Corporation’s high-grade gold discovery (Zone 58N)
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Detour Quebec ProjectAn Emerging District-Potential Exploration Camp
Gold Explorer Unlocking Value in Canada
1.4MOZ OF GOLD RESOURCE WITH SIGNIFICANT EXPLORATION UPSIDE
DISTRICT-SCALE LAND PACKAGE IN A WORLD CLASS JURISDICTION
AGGRESSIVE EXPLORATION PROGRAM UNDERWAY TO EXPAND THE EXISTING RESOURCES
PROVEN MANAGEMENT TEAM WITH A TRACK RECORD OF EXECUTION
ADVANCING VAL-D’OR EAST PROJECT – UPCOMING MILESTONES
District consolidation83,000 metres - 2017 drill program CompletedUpdated NI 43-101 Resource Estimate Completed
85,000 metres – 2018 drill program Ongoing Drill results Ongoing
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APPENDIX - Val-d’Or East ProjectDetailed Resources February 20, 2018
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Deposit / Category
Open Pit-Constrained Underground TOTAL
Tonnes(metric)
Grade(Au g/t)
Gold(oz.)
Tonnes(metric)
Grade(Au g/t)
Gold(oz.)
Tonnes(metric)
Grade(Au g/t)
Gold(oz.)
Beliveau Deposit
Indicated 6,284,000 2.29 463,600 1,226,700 3.46 136,400 7,510,700 2.48 600,000
Inferred 3,114,100 1.57 156,700 3,101,600 3.76 374,800 6,215,700 2.66 531,500
North Deposit
Indicated 805,700 1.49 38,700 32,000 2.62 2,700 837,700 1.54 41,400
Inferred 1,516,000 1.39 68,000 304,000 3.16 30,900 1,820,000 1.69 98,900
Highway Deposit
Indicated 620,600 1.68 33,600 67,200 3.43 7,400 687,800 1.85 41,000
Inferred 523,200 1.08 18,100 225,600 3.32 24,100 748,800 1.75 42,200
South Deposit
Indicated -- -- -- -- -- -- -- -- --
Inferred 106,200 1.35 4,600 413,200 3.38 44,900 519,400 2.97 49,500
* Mineral Resources Statement, GeoPointCom
APPENDIX - Val-d’Or East ProjectMulti-Million Ounce Potential
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M&I Resources (koz)Inferred Resources (koz)
?
770
2012 2018 2019
?722
682
• Management with a proven track record of delivering shareholder value through mineral discovery and project development
• Extensive history in exploration, mining engineering & capital markets