The document provides a quarterly update on Probe Gold Inc.'s Beaufor Mine site, outlining its forward-looking statements, exploration results, and permitting progress as of Q3 2024. Significant milestones include the growth of gold resources to over 6.7 million ounces and advancements in permitting processes, with new high-grade gold zones identified in recent drilling. It emphasizes the uncertainty of future outcomes and the reliance on technical reports compliant with Canadian regulations while cautioning investors about forward-looking statements.

1. TSX : PRB
Oct 2024
Q3 2024 Quarterly Update
Beaufor Mine Site

2. Forward Looking Statements
2
Forward Looking Information
This presentationmayinclude certain “forward-lookingstatements” within the meaning of applicable Canadian securitieslegislation. All statements, other thanstatements of historical fact,
included herein,including, without limitation, statementsregardingfuture plans and objectives of Probe Gold Inc. (“the Company”), future opportunities andanticipated goals, the company’s
portfolio, treasury, managementteam, timetable to permitting and productionandthe prospective mineralization of the properties,are forward-lookingstatements that involve various risks,
assumptions, estimatesand uncertainties. Generally,forward-lookinginformation canbe identified bythe 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 certainactions, 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 tobe accurate,and actual results and future eventscould differ materially from those anticipated in such statements. Forward-looking informationis subject to knownand unknownrisks,
including but not limitedto: aninabilityto complete the businesscombination; general business,economic, competitive, geopolitical and social uncertainties; delays inobtainingor failuresto
obtain required governmental,regulatory,environmental or other required approval; the actual results of current exploration activities; acquisitionrisks; andother risks of the mining and
resource industry. Although the Company has attemptedto identify important factorsthat couldcause actual results todiffer materially from those contained in forward-lookinginformation,
there may be other factorsthatcause results not to be as anticipated, estimatedor intended.These statements reflect the current internal projections, expectationsor beliefs of the Company
are based oninformation currently available to the Company.The Company do not undertake to update anyforward-lookinginformation, except in accordance with applicable securities laws.
The Companybelieve that the expectations reflected in those forward-lookingstatements are reasonable but noassurance canbe given that these expectationswill prove to be correct and
such forward-lookingstatements included in this presentation should not be unduly relied upon by investors as actual results may vary.Unless requiredto be updated pursuant to securities
laws, these statements speak only asof the date of this presentation and are expressly qualified,intheir entirety, bythis cautionary statement.
National Instrument 43-101
The technical and scientific information containedhereinrelating tothe Novador (Former Val-d’Or East) Project is derivedfrom National Instrument 43-101 (“NI 43-101”) compliant technical
reports (“Reports”). The Reportsare available on SEDAR at www.SEDAR.com under the Company’s issuer profile and on Probe Gold website at www.probegold.com. The 2024 Updated Mineral
Resource Estimates were independentlypreparedby InnovExplo Inc. and BBA Engineering consultantsanddatedAugust 30,2024. A Preliminary Economic Assessment report has been prepared
byAusenco Engineering Canada Inc ULC in accordance with National Instrument 43-101 – Standardsof Disclosure for Mineral Projectsand is dated February 12,2024. Ausenco was appointedas
lead consultant inAugust 2023 to prepare the updatedPEA in accordance with NI 43-101 andwasassisted by Moose Mountain Technical Services for the mine design. The independent PEA was
prepared through the collaboration of the following firms: Ausenco Engineering Canada ULC (Ausenco), Moose Mountain Technical Services (MMTS), InnovExplo, Knight Piésold Ltd. (KP),
Richelieu Hydrogéologie Inc.,Lamont Inc. and Rock Engineering Consulting Services.These firms provided mineral resource estimates,designparameters and cost estimates for mine operations,
process facilities, major equipment selection,rock and tailings storage,reclamation, permitting, aswell as operating and capital expenditures. This Presentation uses the terms “indicated
resources” and “inferredresources”. Although these terms are recognized and requiredby Canadian regulations (under NI 43-101), the United States SecuritiesandExchange Commission does
not recognize them. Mineral resourceswhichare not mineral reserves do not have demonstratedeconomic viability. The estimate of mineral resources maybe materially affectedby
environmental,permitting,legal,title, taxation,socio-political, marketing, or other relevant issues. There is noguarantee that all or any part of the mineral resource will be convertedinto
mineral reserves. In addition, “inferred resources” have a great amount of uncertaintyas totheir existence, and economic and legal feasibility.It cannot be assumed that all or any part of an
inferredmineral resource will ever be upgraded to a higher category. Under Canadian rules,estimates of inferredmineral resources may not form the basisof feasibility or prefeasibilitystudies,
or economic studies, except for a Preliminary Economic Assessment as defined under NI 43-101. Investors are cautioned not to assume thatpart or all of an inferred resource exists,or is
economically or legallymineable. The reader is advisedthat the Preliminary Economic Assessment summarized in thispresentation is intendedto provide only an initial, high-level review of the
project potential anddesignoptions.
Currency
Unlessotherwise indicated,all dollar values hereinare in Canadian $.

3. Thick high-grade gold intercepts in expansion
drilling at Croinor deposit
New high-grade gold zones intersected in
expansion and infill drilling at Monique
deposit
Q3 Milestones Achieved
Corporate
Development
Milestones
Exploration
July 30, 2024
VP of Exploration appointed; will focus on
higher-grade discoveries within the expanding
Val-d’Or East land package.
Advanced permitting
• Submitted ”Project Notice” at the Quebec
Provincial level
July 9, 2024
3
July 2, 2024
New high-grade gold zones intersected in at
Beaufor gold deposit
Sep 3, 2024
Significant Growth in Val-d’Or Gold
Resources to 6,728,600 Ounces of Gold M&I
and 3,277,100 Ounces of Gold Inferred
Sep 5, 2024
Aug 6, 2024
Advanced permitting
• Received both federal and provincial guidelines
• Completed planning phase and commenced
Impact assessment phase
Sep 11, 2024
“10 Moz: Resources nearly double in latest update” –
Jeremy Hoy, Research Analyst, Canaccord Capital Markets

4. 2024 Q3 Update – NOVADOR and New Gold Projects, Val-d’Or
Development
Q3 ACHIEVEMENTS
DEVELOPMENT
➢ Completed Phase 1 Condemnation/Sterilization program*
➢ Continued Biological Environment Baseline Studies
➢ Initiated 2024-25 field geotechnical and hydrogeological field program
PERMITTING
➢ Submitted “Project Notice” to the Quebec government for the provincial permitting process
➢ Obtained final EIS Guidelines from both the Federal and Provincial governments
NEXT QUARTER
➢ Start 50,000-meter infill drill program
➢ Complete 2024 Geochemical program
➢ Complete Year 2 of 3 Biological Environment Baseline Studies
➢ Continue 2024-25 field geotechnical & hydrogeological program
➢ Initiate 2024-25 Physical Environment Baseline Studies
Exploration
Q3 ACHIEVEMENTS
VAL-D’OR MINERAL RESOURCE ESTIMATE – TOTAL, INCLUDING SATELLITE DEPOSITS
➢ Significant Growth in all Val-d’Or Deposits to 6,728,600 Ounces of Gold M&I and 3,277,100
Ounces of Gold Inferred
NOVADOR MINERAL RESOURCE ESTIMATE – TOTAL, FOR CURRENT DEVELOPMENT PROJECT
➢Novador Resource stands at 6,405,000 ounces M&I and 1,550,200 ounces Inferred,
representing a 60% increase from the 2023 Resource Update.
➢Monique and Pascalis gold trend deposits represent 86% of the Novador pit-constrained Mineral
Resource Estimate.
DRILL RESULTS (included in new MRE)
Multiple high- gold zones discovered at Monique, including 14.9 g/t Au over 6.8 metres (Cut); 9.9 g/t
Au over 12.0 metres, and 2.7 g/t Au over 23.7 metres.
Multiple zones intercepted at Beaufor, including 20.2 g/t Au over 3.9 metres , 4.1 g/t Au over 17.4
metres (cut); 4.6 g/t Au over 26.7 metres and 14.5 g/t Au over 4.2 metres (cut)
NEXT QUARTER
➢ Complete and file the updated mineral resource estimate technical reports for
Novador, McKenzie Break and Croinor gold deposits
➢ New drill results from Novador (Courvan area)
➢ Commence exploration planning for McKenzie Break and Beaufor projects, including
resource expansion and discovery-stage target generation programs
➢ Complete and release results from phase 1 regional field exploration programs (MMI
and prospecting) on new Exploration targets on Val-d’Or and Detour properties
4
*drilling to confirm there are no economically viable amounts ofminerals/goldunderneath project infrastructures

5. 2024 Q3 Update Detour Quebec
➢ Follow-up geophysical survey
and/or drill planning based on soil
geochemical results
➢ Preparation for winter drilling
program
NEXT QUARTER
Exploration
Q3 ACHIEVEMENTS
➢ Focus on high-grade target
generation within western claims
adjacent to Agnico-Eagle’s Detour
Project
➢ Completed regional-scale soil
program, results pending
5