Midland and Probe Begin Important Drilling Program on La Peltrie, East of the Lower Detour Zone 58N Deposit - Seite 2

Cautionary statement:

Mineralization occurring at the Zone 58N and B26 deposit is not necessarily indicative of mineralization that may be found on the La Peltrie project held by Midland/Probe described in this press release.

Terms of the Agreement

Probe may earn 50% interest in the La Peltrie property over a period of four (4) years in consideration of the following:

• Cash payments totalling $400,000 (two payments totalling $105,000 were paid by the issuance of 70,423 common shares of Probe); and
   
• Exploration expenditures totalling $3,500,000 (including a firm commitment of $500,000 during the first year that is completed).
   
• After exercising this first option to earn 50% interest, Probe may increase its interest to 65% (the Second Option) over a period of two years in consideration of exploration expenditures or cash payments totalling $5,000,000.

About Probe

Probe Metals Inc. is a leading Canadian gold exploration company focused on the acquisition, exploration and development of highly prospective gold properties. The Company is committed to discovering and developing high-quality gold projects, including its key asset the multimillion-ounce Val-d’Or East Gold Project, Québec. The Company is well-funded and controls a strategic land package of approximately 1,500-square-kilometres of exploration ground within some of the most prolific gold belts in Québec. The Company was formed as a result of the $526M sale of Probe Mines Limited to Goldcorp. Eldorado Gold Corporation currently owns approximately 10.4% of the Company.

About Midland

Midland targets the excellent mineral potential of Quebec to make the discovery of new world-class deposits of gold, platinum group elements and base metals. Midland is proud to count on reputable partners such as Probe, BHP Canada Inc., Rio Tinto Exploration Canada Inc., Wallbridge Mining Company Ltd, Agnico Eagle Mines Limited, Osisko Development Corp., SOQUEM Inc., Nunavik Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up the Corporation portfolio and generate shareholder value.