TSX.V: PRBMAY 2013 TSX.V: PRBBorden Discovery OutcropBuilding Ontario’s NewestGold District
TSX.V: PRBCautionary NotesDisclaimerThis presentation contains a review of the Company’s projects in Canada. Viewers areca...
TSX.V: PRBInvestment HighlightsBorden Gold Resource Growing & Improving in Grade Located in mining friendly Ontario, Cana...
TSX.V: PRBPatrick Reid, B.A. Chairman of the BoardPast President of the Ontario Mining AssociationDavid Palmer, Ph.D., P.G...
TSX.V: PRB5Analyst Coverage (10 analysts)BMO Capital Markets John HayesCasimir Capital Ryan WalkerCormark Securities Tyron...
TSX.V: PRBOntario: Mining Friendly JurisdictionBORDEN GOLD Favourable and well-developed infrastructure,1 km from paved h...
TSX.V: PRBREGIONAL GEOLOGY-LOCATIONChapleau Area Infrastructure• Close to numerousmining districts• Excellent access &loca...
TSX.V: PRBBorden Gold Project2013 Key Advancements Updated Resource Estimate: Significant Improvement in Grade, Size and ...
TSX.V: PRB Potential 2.8km of strike length with widths up to 200m and depths to 500m (vertical) Since December 2010: 38...
TSX.V: PRB10Consistent Higher Grade CoreConsistent higher-grade core allows potential for alternative development scenario...
TSX.V: PRB11Southeast High-Grade Intersection of 51 metres averaging 10.3 g/t Au• “The extension andinfill drilling contin...
TSX.V: PRB12New High-Grade ZoneApril 2013drill resultsDecember 2012drill resultsIncluding25m @17.8 g/t AuIncluding12.9m @7...
TSX.V: PRB13PIT-CONSTRAINED NI 43-101 RESOURCE ESTIMATE, JANUARY 2013*ResourcesCategoryCut-off Grade(g/t gold)Tonnes(000’s...
TSX.V: PRB14Pit-constrained Resource Growth to 4.3 MMoz Averaging 1.0 g/tDiscovery Cost < $4/ozResource GrowthDateAccumula...
TSX.V: PRB• Recentacquisitions ofover 350 squarekm of unexploredground within theBorden andassociated Belts• High potentia...
TSX.V: PRBAdvancing Borden GoldDiscovery in 2010InfrastructureNI 43-101 Resource Estimate (3)Size: 4.3MMoz Pit-contrained ...
TSX.V: PRBContact InformationTel: (416) 777-6703Fax: (416) 777-6705Email: info@probemines.comWebsite: www.probemines.comHe...
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Probe mines presentation_may 28, 2013

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Probe mines presentation_may 28, 2013

  1. 1. TSX.V: PRBMAY 2013 TSX.V: PRBBorden Discovery OutcropBuilding Ontario’s NewestGold District
  2. 2. TSX.V: PRBCautionary NotesDisclaimerThis presentation contains a review of the Company’s projects in Canada. Viewers arecautioned that the projects are at an early stage of exploration and that estimates andprojections contained herein are based on limited and incomplete data. More work isrequired before the mineralization on the projects and their economic aspects can beconfidentially modeled. Therefore, the work results and estimates herein may beconsidered to be generally indicative only of the nature and quality of the projects. Norepresentation or prediction is intended as to the results of future work, nor can there beany promise that the estimates herein will be confirmed by future exploration or analysis,or that the projects will otherwise prove to be economic.Forward-Looking StatementsThis presentation includes certain "forward-looking statements". All statements otherthan statements of historical fact, included in this release, including, without limitation,statements regarding potential mineralization and reserves, exploration results, andfuture plans and objectives of Probe, are forward-looking statements that involve variousrisks and uncertainties. There can be no assurance that such statements will prove to beaccurate and actual results and future events could differ materially form thoseanticipated in such statements.2
  3. 3. TSX.V: PRBInvestment HighlightsBorden Gold Resource Growing & Improving in Grade Located in mining friendly Ontario, Canada Pit-constrained Resource over 4.3 MMoz @ 1.03 g/t Au (January 2013) Increasing grade, well-developed higher-grade core New high-grade intersection in the southeast including a successful 500-metre high-gradestep out hole Deposit is still open in both directions along strikeExperienced Management Team Michael Petrina, P.ENG, Chief Operating Officer Expanded capital markets expertisePotential for New Discoveries Two major discoveries: Borden Gold & Black Creek Chromite Strong exploration potential: Over 400 square km of new ground within the Borden Belt Ongoing strategy to consolidate the Borden BeltStrong Financial Position $32 million at January 31st, 2013 Recently completed a $15 million financing3
  4. 4. TSX.V: PRBPatrick Reid, B.A. Chairman of the BoardPast President of the Ontario Mining AssociationDavid Palmer, Ph.D., P.Geo. President, Chief Executive Officer & DirectorOver 20 Years in the Mining IndustryMichael Petrina, MBA, P.Eng. Chief Operating OfficerOver 25 years of experience in operations, engineering & mine developmentPatrick Langlois, MBA, CFA Vice President, Corporate Development15 years of experience un Corporate Development and Investment BankingCarmelo Marrelli, B.Comm, CA, CSA Chief Financial OfficerExperienced Mining and Investment AccountantJohn Gammon, Ph.D. DirectorFormer Assistant Deputy Minister of Mines for OntarioGordon McCreary, M.Ba., P.Eng. DirectorMining Engineer, former officer of Kinross and BaffinlandDennis Peterson, B. Comm, LLB DirectorCorporate Securities Lawyer, Small Cap Mining ExpertiseStrong Management Team4
  5. 5. TSX.V: PRB5Analyst Coverage (10 analysts)BMO Capital Markets John HayesCasimir Capital Ryan WalkerCormark Securities Tyron BreytenbachEuro Pacific Canada Matthew ZylstraJennings Capital Kwong-Mun Achong LowMackie Research Barry AllanMacquarie Capital Markets Pierre VaillancourtMGI Securities Marc PaisRBC Capital Markets Sam CrittendenStonecap Securities Ali KhanMajor Shareholders Holdings (I&O)Institutional Investors:Agnico Eagle, Macquarie, Sprott,Sentry, BMO, Northern Border,Seamans, K2~ 50%Management & Directors 5%Probe Mines Limited Symbol: PRBListed Exchange Toronto VentureMarket capitalization $108.6 millionShares outstanding (basic) 75.4 millionShares outstanding (fully diluted) 87.7 millionCash Balance (01/31/13) $32 millionDebt None52 week trading range $0.90 - $2.30Recent Price (05/30/13) $1.44Corporate Summary
  6. 6. TSX.V: PRBOntario: Mining Friendly JurisdictionBORDEN GOLD Favourable and well-developed infrastructure,1 km from paved highway and power Pit-constrained Resource over 4.3 MMoz at1.03 g/t Au, still expanding and improving in grade Discovery of a high-grade zone in the southeast Potential for lower CAPEX6BLACK CREEK CHROMITE Strategically located between Cliffs Natural Resources’Black Thor and Big Daddy deposits Over 10Mt of high-grade chromite in open-pitable deposit
  7. 7. TSX.V: PRBREGIONAL GEOLOGY-LOCATIONChapleau Area Infrastructure• Close to numerousmining districts• Excellent access &local infrastructureOnly 9 km from Chapleau1 km to Highway/Power10 mins to Rail• Within the KapuskasingStructural ZoneUnderexplored• CommunityReceptive to new industry• First NationsAgreement in place7New Gold District
  8. 8. TSX.V: PRBBorden Gold Project2013 Key Advancements Updated Resource Estimate: Significant Improvement in Grade, Size and Classification (January 2013) Pit-constrained Resource over 4.3 MMoz at 1.03 g/t Au 85% of the total Pit-constrained resource in the indicated category Positive metallurgy results (second phase) (April 2013) Engineering mining team in place (April 2013) Recent discovery of a high-grade zone in the southeast Section 1200 SE: 51m @ 10.3 g/t (December 2012) Section 1250 SE: pending results Section 1700 SE 25m @ 4.6 g/t (April 2013) Section 1800 SE: pending results Section 1900 SE: pending results 80,000 metres drill program for 2013 Infill drilling and expansion drilling Strategic Investment made by Agnico Eagle Limited (May 2013)8
  9. 9. TSX.V: PRB Potential 2.8km of strike length with widths up to 200m and depths to 500m (vertical) Since December 2010: 388 drill holes completed, representing over 120,000 metres92013 Work Program2013 Drill Program of~80,000 metres,expansion and infilldrilling
  10. 10. TSX.V: PRB10Consistent Higher Grade CoreConsistent higher-grade core allows potential for alternative development scenarioswith lower CAPEX and less sensitivity to gold price 2.34 MMoz @ 1.7 g/t Au average gradeNew High-Grade Intersection(51m @ 10.3 g/t Au)Open along strike
  11. 11. TSX.V: PRB11Southeast High-Grade Intersection of 51 metres averaging 10.3 g/t Au• “The extension andinfill drilling continueto intercept higher-grade material than theaverage”• 2013 winter drillingresults confirmed thepotential for theBorden Gold zone tohost high grademineralizationJohn Hayes, BMO CapitalMarkets, January 2013High-Grade Intersection
  12. 12. TSX.V: PRB12New High-Grade ZoneApril 2013drill resultsDecember 2012drill resultsIncluding25m @17.8 g/t AuIncluding12.9m @7.4 g/t Au
  13. 13. TSX.V: PRB13PIT-CONSTRAINED NI 43-101 RESOURCE ESTIMATE, JANUARY 2013*ResourcesCategoryCut-off Grade(g/t gold)Tonnes(000’s)Grade(g/t gold)Gold (oz)(000’s)IndicatedInferred1.51.514,4522,5452.342.611,086214IndicatedInferred1.01.037,6006,3511.641.771,982361IndicatedInferred0.50.5112,84418,3061.021.083,686625Pit-constrained Resource of 4.3 MMoz at 1.03 g/t Au average grade at a 0.5 g/t Au cut-off 85% of the total Pit Constrained resource is in the Indicated category*Mineral Resources Statement, P&E Mining Consultants Inc.Borden Gold - Resource, January 2013
  14. 14. TSX.V: PRB14Pit-constrained Resource Growth to 4.3 MMoz Averaging 1.0 g/tDiscovery Cost < $4/ozResource GrowthDateAccumulativedrillingNumber ofDrill holes Resources Growth (M oz)313 drill holesJanuary 2013 94,000mAugust 2011 21,662m 78 drill holes35,000mApril 2012 167 drill holes2,796,000683,000625,000253,0002,735,0003,686,000InferredIndicated(Global Resource Estimate)
  15. 15. TSX.V: PRB• Recentacquisitions ofover 350 squarekm of unexploredground within theBorden andassociated Belts• High potential fornew discoveries15LAND POSITIONPotential for New Discoveries
  16. 16. TSX.V: PRBAdvancing Borden GoldDiscovery in 2010InfrastructureNI 43-101 Resource Estimate (3)Size: 4.3MMoz Pit-contrained ResourceGrade: High-grade core at 1.7 g/tAdvanced metallurgyNew high-grade zoneMining teamStrong treasury Expansion and infill drilling of the new high-gradezone in the southeast Land acquisition Updated NI 43-101 Resource Estimate Preliminary Economic Assessment (PEA)16
  17. 17. TSX.V: PRBContact InformationTel: (416) 777-6703Fax: (416) 777-6705Email: info@probemines.comWebsite: www.probemines.comHead Office56 Temperance Street, Suite 1000Toronto, OntarioM5H 3V5David Palmer, Ph.D., P.Geo.President and CEO(416) 777-6703Patrick Langlois, MBA, CFAVice President, Corporate Development(416) 777-670317

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