Corporate Presentation

1. WELL-FUNDED GOLD EXPLORER
UNLOCKING VALUE IN VAL-D’OR
March 2017

2. 2TSXV: PRB
Cautionary Notes
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, the company’s portfolio, treasury, management team, 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 “seeks”, “believes”, “anticipates”, “plans”, “continues”, “budget”, “scheduled”,
“estimates”, “expects”, “forecasts”, “intends”, “projects”, “predicts”, “proposes”, "potential", “targets” and variations of such words and phrases, or by statements
that certain actions, events or results “may”, “will”, “could”, “would”, “should” or “might”, “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: an inability to complete the business combination; general business,
economic, competitive, geopolitical and social uncertainties; delays in obtaining or failures to obtain required governmental, regulatory, environmental or other
required approval; 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 are based on information currently available to the Company. The Company do not undertake to update any forward-looking information, except
in accordance with applicable securities laws. The Company believe 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.
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 Val d’Or East Property dated January 4, 2013. Technical and scientific information not contained within the Report and contained
in this Presentation has been reviewed and approved by Independent Qualified Persons Yann Camus and Claude Duplessis, of SGS Canada Inc., whom are
independent “qualified person” under NI 43-101. The Technical Report is 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 any part 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. 3TSXV: PRB
FOCUSED ON THE UNDER-EXPLORED VAL-D’OR EAST DISTRICT IN QUEBEC
251 km2 district-scale land consolidation within one of Canada's leading gold mining camps
VAL D’OR EAST PROJECT: GOLD RESOURCE WITH EXPLORATION UPSIDE
 Initial NI 43-101 resource estimate1: 770koz Au @ 2.6 g/t Inferred
 50,000 metres drill program 2017
STRONG BALANCE SHEET Approx. $40 million in cash & investments
ATTRACTIVE UPSIDE POTENTIAL: NEW DISCOVERIES
Strategic land position within some of the most prolific gold belts: Val d’Or, West Timmins, Casa-Berardi
and Detour Quebec
STRATEGIC INVESTOR Goldcorp, a global senior gold producer
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 2015
A Leading Canadian Gold Explorer and Developer
(1) Source: NI 43-101 technical report Mineral Resources Val-d’Or East Gold Project, January 2013

4. 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 Hatch
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 Newcastle Gold
 Former CEO of Baffinland Iron Mines
 Founding officer of Kinross Gold
Basil Haymann
Director
 Former Director of Probe Mines (2013 to 2015)
 Entrepreneur, currently Chairman of FabriTec Structures LLC
 Has 50 plus 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
Directors
David Palmer
President, Chief Executive Officer & Director
 Former President & CEO of Probe Mines (2003 to 2015)
 2015 – PDAC Bill Dennis Award for a Canadian Mineral Discovery
 2015 – Northern Miner Mining Person of the Year
 2014 – Prospector of the Year – Ontario
 2014 – CIM A.O. Dufresne Exploration Achievement Award
4TSXV: PRB
Marco Gagnon
Executive Vice President & Director
 Former President & CEO of Adventure Gold (2007 to 2016)
 Has over 25 years of experience in Project Acquisition, Exploration
and Mine Development
 Former senior geologist with Inmet Mining and Barrick Gold
The Probe Team
Track record of delivering shareholder value

5. Capital Structure & Financial Information
……………………………….
Probe Metals Inc. Symbol: PRB
Listed Exchange Toronto Venture
Market capitalization $135.1 million
Shares outstanding (basic) 93.2 million
Shares outstanding (fully diluted) 106.6 million
Cash & Investments ~ $40.0 million
52 week trading range $2.18 - $0.52
Recent Price (03/21/17) $1.45
Top Shareholders
Goldcorp (~14%) AGF Investments Caisse de Depot Libra Advisors Picton Mahoney
Windermere
Capital
Sprott Asset
Management
U.S. Global
Investors
BMO Asset
Management
1832 Asset
Management
J Zechner
Associates
SIDEX
Management & Directors (~6%)
Analyst Coverage
Cormark Securities Tyron Breytenbach
Industrial Alliance Securities George Topping
Macquarie Capital Markets Michael Gray
TSXV: PRB 5

6. 6
Portfolio of High Quality Gold Assets
Canadian focus: Quebec & Ontario
TSXV: PRB

7. 7
Val-d’Or East Project
Consolidation Strategy
TSXV: PRB
PROBE IS NOW ONE OF THE LARGEST LANDHOLDERS IN VAL-D'OR
251 KM2 DISTRICT-SCALE LAND CONSOLIDATION
WITHIN ONE OF CANADA'S LEADING GOLD MINING CAMPS
Acquisition of Adventure Gold
June 2016
Asset deals with Richmont Mines, Alexandria Minerals
and QMX Gold
January 2017
INITIAL LAND POSITION OF 90 KM2

8. 8
Val-d’Or East Project
Past-Producing Gold Mine with Exploration Potential
 Proximity to existing
infrastructures (road,
electricity, Val-d’Or,
regional airport, railroad)
 Initial NI 43-101 resource
estimate(1): Inferred,
770koz Au @ 2.6 g/t
(330koz Au @ 2.4 g/t Au
in-pit and 394koz Au
@ 3.1 g/t Au in
underground bulk mining)
 Site of former UG
Béliveau mine operated
by Cambior from 1989-
1993 (~170koz produced
@ 3.2 g/t)
(1) Source: NI 43-101 technical report Mineral Resources Val-d’Or East Gold Project, January 2013
TSXV: PRB
ABITIBI GREENSTONE BELT
VAL-D’OR CAMP ~20 Moz Au PRODUCTION

9. 9
Val-d’Or East Project
Existing Mineral Resources with Exploration Upside
TSXV: PRB
(1) Source: NI 43-101 technical report Mineral Resources Val-d’Or East Gold Project, January 2013
2017 Exploration Program
 50,000 metres of drilling
testing the New Beliveau Gold
deposit to the west, north and
south as well as along parallel
dykes similar to those hosting
the past-producing Beliveau
mine
 Ongoing property-scale IP
survey designed to test for
extensions to the known
mineralized system as well as
satellite gold targets
 The IP survey will generate
multiple gold targets for drilling
in Q1-2017
 Continued mechanical
stripping and sampling
8 km
10km

10. 10
Val-d’Or East Project
Discovery of 2 New High-Grade Gold Zones
TSXV: PRB
POTENTIAL TO EXPAND THE
MINERAL RESOURCES
2015 Surface trenching highlights
 6.4 g/t Au over 19.7m
 4.6 g/t Au over 25.7m
 7.6 g/t Au over 13.9m
 3.2 g/t Au over 18.5m
 1.6 g/t Au over 47.7m
OPEN-PIT & HIGH-GRADE
UNDERGROUND POTENTIAL
IDENTIFIED
Recent high-grade gold discoveries
 Hole PC-16-90
 2.0 g/t Au over 143.0m
 12.6 g/t Au over 7.3m
 Hole PC-16-100
 92.7 g/t Au over 8.7m
 incl. 1,122 g/t Au over 0.7m
 incl. 25.5 g/t Au over 0.8m

11. 11
Val-d’Or East Project
Discovery of Deeper High-Grade Gold Zone, 12.6 g/t Over 7.3 Metres
TSXV: PRB
Limit of previous drilling
 Results indicate increased potential for both
near-surface bulk tonnage and deeper,
higher grade mineralized systems
 Good continuity at depth suggests potential
for significant new mineralization along
strike
DDH PC-16-90
Drilling highlights in hole PC-16-90:
 12.6 g/t Au over 7.3m
 3.2 g/t Au over 11.4m
 2.6 g/t Au over 12.5m
 2.0 g/t Au over 143.0m

12. 12TSXV: PRB
 Second largest land package associated with the Detour Gold Trend; Land package of 493 km2
 Geophysical surveys and geological compilation has outlined gold mineralization and several targets
 Detour Quebec East and North Blocks 100%-owned
 Detour Quebec: Option to SOQUEM in 2015 - $4 million over 4 years for 50%
Detour Quebec Project
An Emerging District-Potential Exploration Camp

13. 13
Detour Quebec Project
TSXV: PRB
 Discovery hole MA-16-05 is located 12 km east of Detour Gold Corporation’s recent high-grade gold discovery
 Phase II exploration program has commenced consisting of approx. 3,000 metres of drilling

14. 14TSXV: PRB
Gold Explorer Unlocking Value in Val-d’Or
FOCUSED ON THE UNDER-EXPLORED VAL-D’OR EAST DISTRICT
Successful district-scale land consolidation in a world class jurisdiction
WELL-FUNDED TO EXPAND THE EXISTING RESOURCE AND TEST TARGETS
POTENTIAL FOR NEW DISCOVERIES
EXPERIENCED MANAGEMENT TEAM WITH A PROVEN TRACK RECORD
ADVANCING VAL-D’OR EAST PROJECT
District consolidation
11,500 metres - 2016 drill program
 50,000 metres - 2017 drill program Ongoing
 Drill results Ongoing
 Updated NI 43-101 Resource Estimate H2 / 2017

15. 15
Strong Financial Positioning
Basic Market Capitalization (C$mm)1
Net Cash (C$mm)1
$295
$262
$221 $217
$98 $96 $90 $84
$60 $50
Integra
ObanMining
Dalradian
VictoriaGold
Balmoral
Resources
Eastmain
Resources
ATACResources
PureGold
ProbeMetals
Moneta
Porcupine
$62
$52
$31
$21
$15 $14 $13 $11 $11
$1
ObanMining
Integra
Dalradian
ProbeMetals
ATACResources
VictoriaGold
EastmainResources
BalmoralResources
PureGold
MonetaPorcupine
TSXV: PRB
(1) As of June 7, 2016
APPENDIX “A”

16. 16TSXV: PRB
(1) Source: NI 43-101 technical report Mineral Resources Val-d’Or East Gold Project, January 2013
(2) Source: NI 43-101 technical report Mineral Resources Sleepy Lake Property, December 2014
(3) Source: NI 43-101 technical report Mineral Resources Monique Property, July 2013
VAL-D’OR EAST
DETOUR
EAST & NORTH
DETOUR
QUEBEC
WEST
PORCUPINE
TIMMINS
WEST
DUBUISSON
CASA-
CAMERON
Location Val-d’Or, Quebec Quebec Quebec
Timmins,
Ontario
Timmins,
Ontario
Val-d’Or,
Quebec
Quebec
Ownership 100%
Option to acquire
60% of Cadillac
Break East
Option to acquire
60% of Monique
property
100%
SOQUEM
option to
acquire 50%
100%
50%
(50% Tahoe)
47%
(53% AEM)
100%
Size 172 km2 73 km2 5 km2 207 km2 286 km2 180 km2 2 km2 8 km2 184 km2
Description
770 koz
@ 2.6 g/t (1)
307 koz
@ 5.1 g/t (2)
17 koz
@ 4.9 g/t (3)
Underexplored
area
Phase II drill
program
underway
Underexplored
area
Contiguous to
Tahoe’s new
discoveries
Historical
resources
Well known
gold camp
Highlights
Objective to
expand existing
mineral resource,
upside for further
discovery
Existing minerals
resource on an
under-explored
belt
Existing minerals
resource with
exploration upside
10 km along-trend from Lower
Detour high-grade discovery
Exploration
Upside
Potential
Extension of
Zone 144
Contiguous
with Goldex
Exploration
Upside
Strategic Land Position
Within some of the most prolific gold belts in Ontario and Quebec