Probe metals-corporate-presentation-april-2015

Corporate Presentation March 2015Corporate Presentation April 2015

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 197 shareholder in

the Company With a strong treasury the Company is focused on

executing a business model inspired from its award-winning

predecessor Probe Mines namely the acquisition and growth of

quality projects through effective exploration and development

TSXV PRB

Management amp Board

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

Jamie SokalskyChairman

Former President amp Chief Executive Officer of Barrick Gold

Corporation (2012-2014)

Former Chief Financial Officer of Barrick Gold Corporation (1999-

2012)

Yves DessureaultChief Operating Officer

Former COO of Probe Mines (2014 to 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 Audit Committee (Since 2005)

Former Director of Probe Mines (2012 to 2015)

Former officer of Kinross Baffinland and Castle Mountain Mining

Basil HaymannDirector Audit Commitee (Since 1986)

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 (Since 2009)

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 2014)

2015 ndash PDAC Canadian Mineral Discovery

2015 ndash Northern Miner Man of the Year

2014 ndash Prospector of the Year - Ontario

Probe Mines ndash Value Creation

wwwprobemetalscom 5

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

Probersquos management team has a proven track record of

unlocking value

Borden Gold project Value creation from discovery to exploration success

Past Discoveries

wwwprobemetalscom 6

BORDEN GOLD PROJECT

Bought by Goldcorp Inc in March 2015

Discovery in 2010

Large resource anchoring a new district

100-owned

Community Support

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 Cliffs Natural

Resourcesrsquo Black Thor and Big Daddy deposits

High-Grade Chromite deposit at surface

Capital Structure

wwwprobemetalscom 7

Probe Metals Inc Symbol PRB

Listed Exchange Toronto Venture

Market capitalization $129 million

Shares outstanding (basic) 343 million

Shares outstanding (fully diluted) 375 million

Cash Balance Receivables ~$190 million

52 week trading range $045 - $35

Recent Price (032115) $041

Major Shareholders Holdings (IampO)

Strategic amp Institutional Investors

Goldcorp Agnico Eagle AGF

Sprott Van Eck 1832 Asset

Management BMO etc

~ 40

Management amp Directors 5

8

For Investor Relations contact

Karen Willoughby

Director of Corporate Communications

TF 1-866-936-6766

Tel 416-900-6656

Email kwilloughbyprobeminescom

wwwprobemetalscom