Dr. David Palmer reports

PROBE GOLD FILES NI 43-101 TECHNICAL REPORTS FOR NOVADOR PROJECT, MCKENZIE BREAK PROPERTY AND CROINOR GOLD PROPERTY

Following the release of a mineral resource estimate on Sept. 5, 2024, Probe Gold Inc. has filed National Instrument 43-101 technical reports for the Novador project, the McKenzie Break property and the Croinor gold property. The reports are titled as follows:

• "NI 43-101 Technical Report and Mineral Resource Estimate for the Novador Project, Quebec," prepared by InnovExplo Inc., dated Oct. 18, 2024, with an effective date of Aug. 30, 2024;
• "NI 43-101 Technical Report and Mineral Resource Estimate for the McKenzie Break Property, Quebec," prepared by InnovExplo, dated Oct. 18, 2024, with an effective date of Aug. 30, 2024;
• "NI 43-101 Technical Report and Mineral Resource Estimate for the Croinor Gold Property, Quebec," prepared by InnovExplo, dated Oct. 18, 2024, with an effective date of June 17, 2024.

Highlights:

• Val d'Or East properties: total gold resources of 6,728,600 ounces measured and indicated (M&I) and 3,277,100 ounces inferred; nearly double the 2023 update, with a 77-per-cent increase in M&I resources and a 131-per-cent increase in inferred resources;
• Novador project: total resources currently amount to 6,405,000 ounces M&I and 1,550,200 ounces inferred across the Monique, Pascalis, Courvan and Beaufor deposits, reflecting a 60-per-cent increase from the previous year;
• Resource conversion: significant M&I conversion in Monique, Pascalis and Courvan trends, with a 69-per-cent increase in M&I ounces;
• Other Val d'Or East properties: gold resources of 323,600 ounces M&I and 1,727,000 ounces inferred, including McKenzie Break, Croinor, Lapaska and Sleepy deposits;
• Open-pit potential: over 82 per cent of gold is within open-pit-constrained resources, indicating strong near-surface growth potential;
• Dominant trends: Monique and Pascalis deposits account for 86 per cent of the Novador pit-constrained mineral resource estimate;
• Continuing development: a 50,000-metre infill drill program is currently under way;
• Permitting progress: permitting is advancing well, with federal guidelines for phase II and a detailed project description submitted to Quebec.

The reports are available for review on both SEDAR+ and the company's website.

The reports were prepared by Olivier Vadnais-Leblanc, PGeo, Martin Perron, PEng, Simon Boudreau, PEng, senior mine engineer, Marina Lund, PGeo, MSc, Elisabeth Tremblay, PGeo, MScA, and Alain Carrier, PGeo, MSc, senior geologist from InnovExplo Inc., and Todd McCracken, PGeo, director of mining and geology for Central Canada, at BBA, each of whom is considered a qualified person as defined in NI 43-101. The reports support the scientific and technical disclosures in the updated mineral resources contained in the company's press release dated Sept. 5, 2024.

The scientific and technical content of this press release has been reviewed, prepared and approved by Marco Gagnon, PGeo, executive vice-president of Probe, who is a qualified person under NI 43-101.

Probe's news release dated Sept. 5, 2024, summarized the resource estimate in detail.

About Probe's Novador project

Since 2016, Probe Gold has been consolidating its land position in the highly prospective Val d'Or East area in the province of Quebec with a district-scale land package of 685 square kilometres that represents one of the largest landholdings in the Val d'Or mining camp. The Novador project represents one property block of 175 square kilometres that hosts four past-producing mines (Beliveau mine, Bussiere mine, Monique mine and Beaufor mine) and contains 80 per cent of the company's gold resources in Val d'Or East. Novador is situated in a politically stable and low-cost mining environment that hosts numerous active producers and mills.

About Probe Gold Inc.

Probe Gold is a leading Canadian company focused on the acquisition, exploration and development of highly prospective gold properties. The company is well-financed and dedicated to exploring and developing high-quality gold projects. Notably, it owns 100 per cent of its flagship asset, the multimillion-ounce Novador gold project in Quebec, as well as an early-stage Detour gold project in Quebec. Probe controls a large land package of approximately 1,685 square kilometres of exploration ground within some of the most prolific gold belts in Quebec. The company's recent Novador updated preliminary economic assessment outlines a robust mining plan with an average annual gold production of 255,000 ounces over a 12.6-year mine life.

Val d'Or properties include gold resources totalling 6,728,600 ounces in the measured and indicated category and 3,277,100 ounces in the inferred category along all trends and deposits.

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