Corporate Presentation March 2015Corporate Presentation September 2015
www.probemetals.com
Cautionary Notes
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Forward Looking InformationThis presentation may include certain “forward-looking statements” within the meaning of applicable Canadian securitieslegislation. All statements, other than statements of historical fact, included herein, including, without limitation, statementsregarding future plans and objectives of Probe Metals Inc. (“the Company”), future opportunities and anticipated goals, projectedcapital and operating expenses, timetable to permitting and production and the prospective mineralization of the properties, areforward-looking statements that involve various risks, assumptions, estimates and uncertainties. Generally, forward lookinginformation can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "isexpected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", orvariations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will betaken", "occur" or "be achieved". There can be no assurance that such statements will prove to be accurate, and actual resultsand future events could differ materially from those anticipated in such statements. Forward-looking information is subject toknown and unknown risks, including but not limited to: general business, economic, competitive, geopolitical and socialuncertainties; the actual results of current exploration activities; acquisition risks; and other risks of the mining and resourceindustry. Although the Company has attempted to identify important factors that could cause actual results to differ materiallyfrom 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 arebased on information currently available to the Company. The Company does not undertake to update any forward- lookinginformation, except in accordance with applicable securities laws. The Company believes that the expectations reflected inthose forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correctand such forward-looking statements included in this presentation should not be unduly relied upon by investors as actual resultsmay vary. Unless required to be updated pursuant to securities laws, these statements speak only as of the date of thispresentation and are expressly qualified, in their entirety, by this cautionary statement.
CurrencyUnless otherwise indicated, all dollar values herein are in Canadian $.
Company Strategy
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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 18% shareholder in the Company. With a strong treasury, the Company is dedicated to executing a business model inspired by the success of its predecessor and is currently focussed on project generation.
TSXV: PRB
Management & Board
High calibre team with a proven track-record and an extensive working history
Jamie SokalskyChairman Currently, Director of Agnico Eagle Mines, Royal Gold and
Pengrowth Energy Former President & CEO of Barrick Gold Corporation (2012-2014) Former CFO of Barrick Gold Corporation (1999 to 2012)
Yves DessureaultChief Operating Officer Former COO of Probe Mines (2014-2015) Has over 25 years of experience in Operations, Project Evaluation
& 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 & Investment Banking
Gord McCrearyDirector Former Director of Probe Mines (2012 to 2015) Former CEO of Baffinland Iron Mines Former officer of Kinross Gold
Basil HaymannDirector 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 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 & Director Former President & CEO of Probe Mines (2003 to 2015) 2015 – PDAC Canadian Mineral Discovery 2015 – Northern Miner Man of the Year 2014 – Prospector of the Year - Ontario
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Past Discoveries & Going Forward
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BORDEN GOLD PROJECT
Acquired by Goldcorp Inc. in March 2015 Discovery in 2010 Large resource anchoring a new district High-grade underground + Bulk tonnage open-pit 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 Noront’s Black Thor and
Big Daddy deposits High-Grade Chromite deposit at surface
PROBE METALS INC.
The company is focused on generating further value for Probe shareholders by the same seasoned and
successful Board and Management team
In order to realize value, the Company focus on the following key criteria:Precious Metals
Resources Stage / Advanced Exploration PotentialMining-Friendly Jurisdiction
Good Infrastructure
Team is led by Chairman, Jamie Sokalsky and President & CEO, David Palmer
Strong history in exploration, mining engineering & capital markets
Extensive experience in North America
Corporate Structure: 34.9 million shares- Ownership: Management & Directors 9% & Goldcorp 18%
Cash position ~$19 million
Probe Mines – Value Creation
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Source: (1) Company filings, FactSet
Market Cap:Gold Price:
C$13 mmUS$1,105/oz
C$59 mmUS$1,421/oz
C$116 mmUS$1,567/oz
C$117 mmUS$1,676/oz
C$170 mmUS$1,202/oz
C$551 mmUS$1,228/oz
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Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 Dec-14
Acquires the Borden Gold Project
Borden Gold Discovery
Private Placementof C$25 mm
Initial MineralResource Estimate
C$15 mm Bought Deal
Announces 44% Increase in Global Resource Estimate and New Pit Constrained
Announces $15.0 mm Private Placement
Strategic Investment by Agnico Eagle
$26 Million Flow-
Through Private
Placement
Consolidates 100%
Ownership of Borden
Acquisition by GoldcorpHGZ Discovery 51 m at 10.3 g/t
Volume (m
illions)Shar
e Pr
ice
(C$)
First HGZ Resource Estimate of 1.6 mm ozs Indicated Au at 5.3 g/t and 0.4 mm ozs Au inferred at 4.4 g/t
Updated Resource Estimate 3.7 mm ozsIndicated Au at 1.0 g/t
and 0.6 mm ozs Inferred at 1.1 g/t
Proven track record of delivering shareholder value through mineral discovery and project development
Borden Gold project: $59 million to over $525 million market capitalization in four years
Capital Structure
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Probe Metals Inc. Symbol: PRB
Listed Exchange Toronto Venture
Market capitalization $13.6 million
Shares outstanding (basic) 34.9 million
Shares outstanding (fully diluted) 37.5 million
Cash Balance ~$19.0 million
52 week trading range $0.56 - $0.33
Recent Price (09/14/15) $0.39
Major Shareholders Holdings (I&O)
Strategic & Institutional Investors:Goldcorp, Agnico Eagle, AGF, Sprott, Van Eck, 1832 Asset Management, BMO Asset Management, etc.
~ 50%
Management & Directors 9%
Analyst Coverage
Macquarie Capital Markets Michael Gray
For Investor Relations contact:Karen WilloughbyDirector of Corporate CommunicationsTF: 1-866-936-6766Tel: 416-900-6656 Email: [email protected]
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