Corporate Presentation February 2016

1. Corporate Presentation March 2015
Corporate Presentation February 2016
www.probemetals.com

2. Cautionary Notes
2
Forward Looking Information
This presentation may include certain “forward-looking statements” within the meaning of applicable Canadian securities
legislation. All statements, other than statements of historical fact, included herein, including, without limitation, statements
regarding future plans and objectives of Probe Metals Inc. (“the Company”), future opportunities and anticipated goals, projected
capital and operating expenses, timetable to permitting and production and the prospective mineralization of the properties, are
forward-looking statements that involve various risks, assumptions, estimates and uncertainties. Generally, forward looking
information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be
taken", "occur" or "be achieved". There can be no assurance that such statements will prove to be accurate, and actual results
and future events could differ materially from those anticipated in such statements. Forward-looking information is subject to
known and unknown risks, including but not limited to: general business, economic, competitive, geopolitical and social
uncertainties; the actual results of current exploration activities; acquisition risks; and other risks of the mining and resource
industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially
from 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 are
based on information currently available to the Company. The Company does not undertake to update any forward- looking
information, except in accordance with applicable securities laws. The Company believes that the expectations reflected in
those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct
and such forward-looking statements included in this presentation should not be unduly relied upon by investors as actual results
may vary. Unless required to be updated pursuant to securities laws, these statements speak only as of the date of this
presentation and are expressly qualified, in their entirety, by this cautionary statement.
Currency
Unless otherwise indicated, all dollar values herein are in Canadian $.
TSXV: PRB

3. Investment Highlights
3TSXV: PRB
Creating a leading Canadian gold exploration and development company
Our Strategy
 We are focused on creating value through the acquisition and the exploration of high quality gold
mining properties
 Focused on the following criteria:
• Precious Metals
• Resources Stage / Advanced Exploration Potential
• Mining-Friendly Jurisdiction
• Good Infrastructure
• Valuation
Excellent Track Record
 The team is led by Jamie Sokalsky as Chairman, former Barrick’s President & CEO, and David
Palmer as President & CEO, former Probe Mines President & CEO.
 Proven track record of delivering shareholder value through mineral discovery and project
development as evidenced by the sale of the Borden Gold Project for $526 million to Goldcorp in
March 2015
Strong Financial Position
 Well-funded; cash position ~$18 million
 Cornerstone strategic investor in Goldcorp, currently owns 18% of the Company

4. Management & Board
 High calibre team with a proven track-record and an extensive working history
Jamie Sokalsky
Chairman
 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 Dessureault
Chief 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 Langlois
Vice 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 McCreary
Director
 Former Director of Probe Mines (2012 to 2015)
 Former CEO of Baffinland Iron Mines
 Former officer of Kinross Gold
Basil Haymann
Director
 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 Peterson
Director
 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 Marrelli
Chief 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 Palmer
President, 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
 2014 - CIM A.O. Dufresne Exploration Achievement Award
4TSXV: PRB

5. Building A Portfolio of High Quality Gold Assets
5
WEST PROCUPINE PROPERTY
Acquired in February 2016
 Land package of 30 km2 located
between Goldcorp’s Borden Gold
project and Timmins
 Property covers a 10 kilometer
long section of Archean
greenstone that contains the
interpreted western extension of
the Porcupine-Destor Fault Zone
 Highly prospective geology in an
under-explored area within one of
Ontario’s most prolific gold
producing mining camps
 Previous exploration work and
drilling has identified two
distinctive zones of high-grade
gold mineralization and several
prospective gold targets
TSXV: PRB
WEST TIMMINS AREA – REGIONAL GEOLOGY

6. Past Discoveries
6
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
(2+ million ounces of high-grade gold)
 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
 NI 43-101 Resource Estimate
TSXV: PRB

7. Capital Structure
7
Probe Metals Inc. Symbol: PRB
Listed Exchange Toronto Venture
Market capitalization $15.0 million
Shares outstanding (basic) 34.9 million
Shares outstanding (fully diluted) 37.5 million
Cash Balance ~$18.0 million
52 week trading range $0.56 - $0.33
Recent Price (02/23/16) $0.43
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
TSXV: PRB

8. Probe Mines – Value Creation
8
Source: (1) Company filings, FactSet
Market Cap:
Gold Price:
C$13 mm
US$1,105/oz
C$59 mm
US$1,421/oz
C$116 mm
US$1,567/oz
C$117 mm
US$1,676/oz
C$170 mm
US$1,202/oz
C$551 mm
US$1,228/oz
--
1
2
3
4
5
6
--
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 Dec-14
Acquires the Borden
Gold Project
Borden Gold
Discovery
Private Placement
of C$25 mm
Initial Mineral
Resource 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
$26 Million
Flow-
Through
Private
Placement
Consolidates
100%
Ownership
of Borden
Acquisition by GoldcorpHGZ Discovery
51 m at 10.3 g/t
Volume(millions)
SharePrice(C$)
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 ozs
Indicated 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
TSXV: PRB

9. For Investor Relations contact:
Karen Willoughby
Director of Corporate Communications
TF: 1-866-936-6766
Tel: 416-900-6656
Email: kwilloughby@probemetals.com
www.probemetals.com