presentation

1. TSX.V: PRB
Borden Discovery Outcrop
Building Ontario’s Newest
Gold District
Probe Mines Limited was recognized as a TSX Venture 50® Company in 2014. TSX
Venture 50 is a trade-mark of TSX Inc. and is used under license.
DECEMBER 2014

2. TSX.V: PRB
Cautionary Notes
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Forward Looking Information
This Presentation contains “forward-looking information” and “forward looking statements” within the meaning of applicable Canadian and United States securities legislation.
Forward-looking information may include, but is not limited to, the anticipated production and developments in our operations in future periods, information with respect to our
planned exploration and development activities, the adequacy of our financial resources, the estimation of mineral reserves and resources including the 2014 Borden Gold
Mineral Resource estimate, realization of mineral reserve and resource estimates and timing of development of our Borden Gold project, costs and timing of future exploration,
results of future exploration and drilling, production and processing estimates, capital and operating cost estimates, timelines and similar statements relating to the economic
viability of the Borden Gold Project, timing and receipt of approvals, consents and permits under applicable legislation, our executive compensation approach and practice, the
composition of our board of directors and committees and adequacy of financial resources. Wherever possible, words such as “plans”, “expects”, “projects”, “assumes”,
“budget”, “strategy”, “scheduled”, “estimates”, “forecasts”, “anticipates”, “believes”, “intends”, “targets” and similar expressions or statements that certain actions, events or
results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative forms of any of these terms and similar expressions, have been used to identify
forward-looking statements and information. Statements concerning mineral reserve and resource estimates may also be deemed to constitute forward-looking information to
the extent that they involve estimates of the mineralization that will be encountered if the property is developed. Any statements that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be
forward-looking information. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or
results to differ from those expressed or implied by the forward-looking information, including, without limitation, those risks identified in our Annual Information Form dated
September 15, 2014 filed on SEDAR at www.sedar.com. Forward-looking information is based on the expectations and opinions of our management on the date the
statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise.
We do not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by
applicable law. For the reasons set forth above, prospective investors should not place undue reliance on forward-looking information.
National Instrument 43-101
Technical and scientific information contained herein relating to the Projects is derived from National Instrument 43-101 (“NI 43-101”) compliant technical reports (“Reports”)
Mineral Resources Update Borden Gold Project dated June 10, 2014. We have filed the Reports and Update under our profile at www.sedar.com. Technical and scientific
information not contained within the Reports for the Projects and contained in this Presentation has been reviewed and approved by Independent Qualified Persons Walter
Allan Dzick, P.Geo., of Snowden, whom is an independent “qualified person” under NI 43-101. The Technical Reports and Update are available for revision on SEDAR at
www.SEDAR.com under the Company’s profile.
This Presentation uses the terms “indicated resources” and “inferred resources”. Although these terms are recognized and required by Canadian regulations (under NI 43-
101), the United States Securities and Exchange Commission does not recognize them. Mineral resources which are not mineral reserves do not have demonstrated
economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant
issues. There is no guarantee that all or anypart of the mineral resource will be converted into mineral reserves.
In addition, “inferred resources” have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an
inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre
feasibility studies, or economic studies, except for a Preliminary Assessment as defined under NI 43-101. Investors are cautioned not to assume that part or all of an inferred
resource exists, or is economically or legally mineable.
Currency
Unless otherwise indicated, all dollar values herein are in Canadian $.

3. TSX.V: PRB
Investment Highlights
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Borden: A Large and Growing High-Grade Gold Project in Ontario, Canada
 100%-owned project, high quality, low risk project
 High-Grade Underground Constrained Resource1
• Indicated category: 1.6 MMoz @ 5.39 g/t Au
• Inferred category: 0.4 MMoz @ 4.37 g/t Au
 Open Pit-Constrained Resource1
• Indicated category: 2.3 MMoz @ 1.03 g/t Au
 Initiate infill drill program on the “wedge” claim to expand high-grade resource
 Excellent expansion potential, the deposit is open in both directions
Experienced Management Team
 Appointment of Jamie Sokalsky as Chairman, former Barrick’s President & CEO
 Strong history in exploration, mining engineering & capital markets
Strong Financial Position
 Cash position ~$15 million
 Well-funded to continue growing the existing resource, and advancing the project through engineering
and permitting
 Goldex Royalty: Production milestone payment of $4.0 million expected Q2-2015
Potential for New Discoveries
 786-square-kilometres of unexplored ground in the Borden Gold District
(1) Source: NI 43-101 technical report Mineral Resources Update Borden Gold Project dated June 10, 2014.

4. TSX.V: PRB
Land Transaction Highlights
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PROBE MINES CONSOLIDATES 100% OWNERSHIP OF THE BORDEN GOLD PROJECT
AND ACQUIRES KEY STRATEGIC LAND PACKAGE TO GIVE EXCLUSIVE CONTROL
OVER BORDEN GOLD DISTRICT
 Probe Mines acquired:
 3 option claims – surface and mineral rights
 33 additional patent claims – surface and mineral rights – in and around the existing mineral
resource
 450 mineral rights/claims to consolidate the Borden Gold District
 Royalty-free on the high-grade resource and all the exploration ground
 Excellent potential to expand and grow the high-grade zone
 Capitalize on exploration upside of the Borden Gold project
 Strengthens land position in the Borden Gold District and all of its untapped exploration
potential. When combined with the East Limb property, the 786-square-kilometre property
gives Probe 100% ownership of the entire 70 kilometre strike length of the Borden Belt.
 Purchase price: CAD$25 million plus 6 million common shares
 The Company’s balance sheet remains strong following the acquisition and an aggressive
program is planned for exploration of the deposit during 2015

5. TSX.V: PRB
Jamie Sokalsky Chairman of the Board
Former President & Chief Executive Officer of Barrick Gold Corporation
David Palmer, Ph.D., P.Geo. President, Chief Executive Officer & Director
Over 25 years in the Mining Industry
Yves Dessureault, Ph.D., MBA, P.Eng. Chief Operating Officer
Over 25 years of experience in Operations, Project Evaluation & Mine Development
Patrick Langlois, MBA, CFA Vice President, Corporate Development
Over 15 years of experience in Corporate Development & Investment Banking
Carmelo Marrelli, CA, CSA Chief Financial Officer
Experienced Mining Accountant
John Gammon, Ph.D. Director
Former Assistant Deputy Minister of Mines for Ontario
Gordon McCreary, MBA, P.Eng. Director
Former officer of Kinross and Baffinland, currently President & CEO of Castle Mountain Mining
Dennis Peterson, B. Comm, LLB Director
Corporate Securities Lawyer, Small Cap Mining Expertise
Basil Haymann Director
Entrepreneur, currently Chairman of Guard-All Building Solutions
Management Team
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6. TSX.V: PRB
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Analyst Coverage
BMO Capital Markets Andrew Kaip
Cormark Securities Tyron Breytenbach
Edgecrest Capital Ali Khan
Euro Pacific Canada Ryan Walker
Mackie Research Peter Campbell
Macquarie Capital Markets Michael Gray
Raymond James David Sadowski
RBC Capital Markets Sam Crittenden
Scotia Capital Mike Hocking
Major Shareholders Holdings (I&O)
Institutional / Strategic Investors:
Agnico Eagle, Sprott, Van Eck,
US Global, 1832 Asset Management,
AGF, RBC, Goodman, Fidelity,
Mackenzie, BMO, etc.
~ 50%
Management & Directors 5%
Probe Mines Limited Symbol: PRB
Listed Exchange Toronto Venture
Market capitalization $259.8 million
Shares outstanding (basic) 90.8 million
Shares outstanding (fully diluted) 105.2 million
Cash Balance ~$15.0 million
52 week trading range $1.96 - $3.95
Recent Price (12/17/14) $2.85
Corporate Summary

7. TSX.V: PRB
Ontario: Mining Friendly Jurisdiction
BORDEN GOLD
 Large resource anchoring a new district
 100%-owned
 Excellent expansion potential; High-Grade Zone
still open along strike
 Development flexibility and potential for low
CAPEX
 Favourable and well-developed infrastructure
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BLACK CREEK CHROMITE
 Strategically located between Cliffs Natural Resources’
Black Thor and Big Daddy deposits
 High-Grade Chromite deposit at surface

8. TSX.V: PRB
• Close to numerous
mining districts
• Excellent access &
local infrastructure
Only 9 km from Chapleau
and Power Lines
1 km to Highway
10 minutes to Rail
• Within the Kapuskasing
Structural Zone
Underexplored
• Community
Receptive to new industry
• First Nations
Agreement in place
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New Gold District
BORDEN GOLD – REGIONAL GEOLOGY-LOCATION

9. TSX.V: PRB
High-Grade Gold Zone Expanding
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BORDEN GOLD – DRILL PLAN
 Expansion potential, the deposit is open in both directions
 Infill drill program on the “wedge” claim to expand high-grade resource
 Since discovery: 624 drill holes completed, representing over 224,000 metres
Expansion and
infill winter drill
program 2015
Infill drill program

10. TSX.V: PRB
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Hole Section
Width
(m)
Gold
(g/t)
BL14-583 1000m SE 39.5 7.0
including 16.0 12.4
BL12-256 1200m SE 51.0 10.3
including 25.0 17.8
BL13-562 1600m SE 42.9 4.9
including 8.8 17.2
BL14-573 1850m SE 39.0 16.3
including 19.4 31.6
including 8.4 66.3
BL14-621W 2150m SE 21.0 7.0
including 13.0 10.5
BL14-611 2400m SE 71.0 3.5
including 4.7 25.1
 Consistent Zonation within the high-grade zone over
1.7 kilometres in strike length and still open for
expansion
 183 drill holes completed in the high-grade zone,
between section 1000mSE to 2600mSE, representing
over 86,000 metres of drilling
High-Grade Continuity
BORDEN GOLD – LONG SECTION
Expansion and
infill winter drill
program 2015
Infill drill program

11. TSX.V: PRB
High-Grade Zone Continuity
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Hole Section
Width
(m)
Gold
(g/t)
BL13-358 900m SE 36.5 4.5
including 11.7 11.5
BL14-583 1000m SE 39.5 7.0
including 16.0 12.4
BL13-421 1100m SE 29.4 5.9
including 6.5 15.3
BL12-256 1200m SE 51.0 10.3
including 25.0 17.8
BL13-399 1250m SE 26.1 8.5
including 17.7 12.0
BL13-420 1300m SE 47.0 6.8
including 8.0 32.7
1350m SE Infill drill
program on the
“wedge” claim
1400m SE
1450m SE
BL13-455 1500m SE 44.4 4.0
including 14.3 11.1
BL14-562 1600m SE 42.9 4.9
including 8.8 17.2
BL13-378 1700m SE 25.0 4.6
including 12.9 7.4
BL13-402 1800m SE 27.1 6.4
including 9.2 11.1
BL14-573 1850m SE 39.0 16.3
including 19.0 31.6
Section 1300m SE
Section 1600m SE
• Strong drill results
on either side of
the “wedge” claim
• The cross-sections
of the high-grade
zone are showing
thickening and
strengthening of
mineralized
Intervals at the
core

12. TSX.V: PRB
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Pre Acquisition Map
CLAIM FABRIC
Land Position – Borden Gold

13. TSX.V: PRB
Land Position – Borden Gold
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Note: The 36 surface rights claims acquired on December 10, 2014, will be transferred to the Company when the consent is
obtained from the Planning Act (Ontario)
CLAIM FABRIC
• Sufficient ground for
the future infrastructure
including underground
development
• Proceeding with the
application of selected
permits for the project
Post Acquisition Map

14. TSX.V: PRB
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PROPERTY MAP – REGIONAL EXPLORATION
Borden Gold District
Pre Acquisition Map

15. TSX.V: PRB
• Evaluating 786-square-
kilometres of unexplored
ground within the Borden
Belt
• $5 million budgeted towards
regional exploration
• Successfully delineated
geochemical anomaly along
the Belts
• Airbone geophysical, soil
geochemical and ground
geophysical surveys
completed in the last 12
months
• Multiple drill targets
identified, planning 5,000
metres drill program
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Borden Gold District
PROPERTY MAP – REGIONAL EXPLORATION
Post Acquisition Map

16. TSX.V: PRB
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UNDERGROUND CONSTRAINED NI 43-101 RESOURCE ESTIMATE*
Resources
Category
Cut-off Grade
(g/t gold)
Tonnes
(000’s)
Grade
(g/t gold)
Gold (oz)
(000’s)
Indicated
Inferred
3.5
3.5
5,886
1,521
6.80
5.79
1,286
283
Indicated
Inferred
3.0
3.0
7,222
2,125
6.14
5.06
1,426
346
Indicated
Inferred
2.5
2.5
9,262
3,034
5.39
4.37
1,604
426
Indicated
Inferred
2.0
2.0
12,985
4,317
4.48
3.73
1,870
518
Mineral Resources, June 2014
OPEN PIT-CONSTRAINED NI 43-101 RESOURCE ESTIMATE*
Resources
Category
Cut-off Grade
(g/t gold)
Tonnes
(000’s)
Grade
(g/t gold)
Gold (oz)
(000’s)
Indicated
Inferred
1.0
1.0
27,901
55
1.50
1.40
1,349
2
Indicated
Inferred
0.5
0.5
70,301
247
1.03
0.80
2,322
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* Mineral Resources Statement, Snowden Mining Industry Consultants Inc.
* For additional information on the Mineral Resource Update, please refer to the Company’s NI 43-101
technical report Mineral Resources Update Borden Gold Project dated June 10, 2014, available on SEDAR at
www.SEDAR.com under the Company’s profile.

17. TSX.V: PRB
Advancing Borden Gold
Discovery in 2010
100% owned
Infrastructure
NI 43-101 Resource Estimate (4)
Size
Grade
Advanced Metallurgy
Environmental Baseline Studies
Community Support
Mining Team
Strong Treasury
 Initiated infill drill program to expand high-grade resource (Q4-2014)
 Winter drill program - Expansion and infill (Q1-2015)
 Updated NI 43-101 Resource Estimate (H1-2015)
 Preliminary Economic Assessment (PEA) (H1-2015)
 Ongoing Regional Exploration
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18. TSX.V: PRB
Phone: (416) 777-6703
Email: info@probemines.com
Website: www.probemines.com
Head Office
56 Temperance Street, Suite 1000
Toronto, Ontario
M5H 3V5
Building Ontario’s Newest Gold District
David Palmer
President & Chief Executive Officer
Yves Dessureault
Chief Operating Officer
Patrick Langlois
Vice President, Corporate Development