Probe Metals Reports New Gold Zone Discovery

TORONTO - Probe Metals Inc. in partnership with SOQUEM Inc. reported the discovery of a new gold zone along the Lower Detour Gold Trend (LDGT) on its Detour Quebec project under option by SOQUEM. The new zone, grading 5.3 g/t Au over 3.4 meters, including 17.5 g/t Au over 1-meter, was identified in hole MA-16-05 and is located 12 kilometers east of Detour Gold Corp’s Zone 58N high grade discovery (see Figure 1). The Company has now mobilized two drills for a second phase of drilling to follow up on previous results as well as testing new, additional targets identified in the 2015 and 2016 geophysical survey.

During the Winter drill program, ten holes totaling 2,907 meters were drilled to test induced polarization (IP) geophysical anomalies identified along the LDGT in two areas of the Project. In addition to the high-grade gold results, the program was successful in identifying a promising geological setting for LDGT-style gold mineralization. Owing to the encouraging results, a Phase II program has commenced on the property consisting of approximately 3,000 meters of drilling, with an additional drilling campaign commencing in the winter. The drilling, which is part of the $1 million exploration program in 2016-2017 being funded by SOQUEM, is now underway with two drill rigs. In the current drill program, the Company and SOQUEM will also conduct a 1-week prospecting program along the LDGT. The prospecting work will focus on the evaluation of other IP anomalies in the area as potential targets for future phases of drilling.

David Palmer, President and CEO of Probe, states: “We are very pleased with this new discovery along the interpreted Lower Detour Gold Trend, in an area that has seen only limited exploration work in the past. The high-grade intercept in Hole MA-16-05 is very encouraging and confirms the strong exploration potential on the Detour Quebec Project. The additional $1 million investment by SOQUEM on the Project is a strong commitment from our partner and we are looking forward to working together to unlock value along this virtually unexplored section of the Detour trend”.