Probe Metals Makes New Discovery Grading 8.0 g/t Au over 8.8 Metres on the Cadillac Break East Option Property, Val-d’Or East Project, Quebec

Highlights:

• New Gold Trend identified with multiple drill intercepts on the eastern part of the Cadillac Break East Option Property
• Significant drill intercepts grading up to 8.0 g/t Au over 8.8 metres, including 45.9 g/t Au over 1.0 metre, 2.7 g/t Au over 6.0 metres including 13.8 g/t Au over 1 metre and 9.2 g/t Au over 1.1 metres
• New 3D IP survey in progress to outline new targets.

TORONTO, July 21, 2020 (GLOBE NEWSWIRE) -- Probe Metals Inc. (TSX-V: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to announce additional results from its regional drill program on the Val-d’Or East Cadillac Break East Option property (the “Property”) located near Val-d’Or, Quebec. The property is currently under option from O3 Mining Inc (“O3 Mining”).  Results from an additional twenty-one (21) exploration drill holes and one drill hole extension identified a new gold trend in the eastern part of the Property (see figure 1). New discoveries were made along a 4.5-kilometre long portion of the trend, which has seen limited drilling in the past.  Selected highlights of the drill results are presented in the table below.

Dr. David Palmer, President and Chief Executive Officer of Probe, states: "One of the most important aspects of these results isn’t just that we have a new discovery, but rather that we have a discovery along a new trend that appears to be hosting multiple gold zones.  Although still early in the exploration, it is these kind of systems that we are looking for, ones with the potential to have more regional significance.  We are now expanding our exploration program to encompass more of this trend with follow-up geophysics and drilling."

Hole CBE-40 was deepened to follow up on lower-grade gold assays returned from the bottom of the initial drill hole. In the deeper drilling, quartz-carbonates-tourmaline veins with visible gold returning 8.0 g/t Au over 8.8 metres, were intersected between 295 to 303.8 metres down the hole. The zone in Hole CBE-40 appears to be along the same trend that hosts earlier reported mineralisation grading 4.2 g/t Au over 4.2 metres from hole CBE-53 (June 16, 2020), approximately 3.8 kilometres to the east.  Four other holes (CBE-64,67,70 and 73) intersected encouraging gold results grading up to 2.7 g/t Au over 6.0 metres including 13.8 g/t Au over 1.0 metre along the trend and warrant follow-up drilling.  The new discoveries remain open in all directions.