Probe Gold Advances Environmental Permitting for Novador Project

Submits Detailed Project Description

Highlights:

• Probe Gold has submitted the Detailed Project Description (“DPD”) for the Novador project to the Impact Assessment Agency of Canada ("IAAC"), marking a significant advancement in the federal environmental permitting process.
• This submission follows the Initial Project Description (“IPD”) sent to the IAAC in October 2023.

TORONTO, May 15, 2024 (GLOBE NEWSWIRE) -- PROBE GOLD INC. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to announce the official submission of the Detailed Project Description (DPD) for the Novador project to the Impact Assessment Agency of Canada (IAAC), the federal body accountable to the Minister of Environment and Climate Change. This follows the submission of the Initial Project Description (IPD) in October last year and marks another major step towards the Impact Assessment (“IA”) process, which is required under Canadian law for the advancement of a mining project towards construction and production.

David Palmer, President and CEO of Probe, states “The submission of the Detailed Project Description marks another key milestone for the Novador project, signifying the advancement towards environmental permitting. Canada's robust regulatory framework facilitates the construction and operation of mines that adhere to the highest environmental and social standards globally, and we take pride in being part of this process. We continue to engage stakeholders to gather their input, ensuring that our future operations align with environmental and social expectations. The DPD underscores our commitment to continuous consultation, integrating meaningful input from diverse stakeholders to maximize benefits for Canadians while minimizing environmental and community impacts.”

Yves Dessureault, COO of Probe, states “The progress in the environmental permitting process is the result of a continued effort over the past few years. This preparation included the advancement of environmental baseline studies, which have notably considered the physical and biological environment around the mine site across various seasons. We continue to engage in information and consultation activities with Indigenous Peoples, local communities and organisms to identify key priorities and establish essential working relationships with the federal government and community stakeholders.”