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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$1.00

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$6.00

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: kwilloughby@probemetals.com

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