Dr. David Palmer reports

PROBE AWARDS EIS CONTRACT; ADVANCES PERMITTING FOR NOVADOR PROJECT

Probe Gold Inc. has awarded the contract for the environmental impact assessment/environmental impact statement (EIA/EIS) for the Novador project to WSP Canada Inc. As part of this engagement, WSP will support the preparation of the EIA/EIS documentation, covering key environmental aspects of the project, including geochemistry, groundwater and surface water quality, hydrology, hydrogeology, air quality, noise and vibration, vegetation and wetlands, fish and fish habitat, and species with conservation status. Submission of the EIA/EIS to both federal and provincial authorities is targeted for Q1 2027. The Impact Assessment Agency of Canada (IAAC) will use the EIS, along with other relevant information, to prepare an impact assessment report in order to approve permitting. At the provincial level, the Ministry of the Environment, the Fight against Climate Change, Wildlife and Parks will proceed with the screening analysis and the environmental analysis of the EIA report.

Highlights:

• As part of the permitting process for the Novador project, Probe Gold has awarded the EIA/EIS contract to WSP.
• The completed EIA/EIS will form the cornerstone of Probe Gold's impact assessment application to federal and provincial regulators and is another significant milestone in the permitting process, bringing the Novador project closer to production.
• WSP is a globally recognized leader in environmental permitting, consistently ranked among the top environmental consulting firms. The company has successfully completed EIAs/EISs, including the James Bay lithium mine project for Galaxy Lithium (Canada) Inc., the Windfall mine project for Miniere Osisko Inc. and the Bloom Lake project for Minerai de Fer Quebec, among others. WSP is also involved in several continuing EIAs/EISs for various mining clients.

Dr. David Palmer, president and chief executive officer of Probe Gold, stated: "This milestone marks another key step forward in the permitting process and continued derisking of the Novador project. Partnering with WSP, a recognized leader in environmental impact statements, gives us confidence in the quality and scope of the work, which will help us to meet our permitting timeline of 2027. With the close of our recent financing, we are now fully funded to advance through the regulatory and permitting process, which will unlock significant value for shareholders."

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 835 square kilometres that represents one of the largest landholdings in the Val d'Or mining camp. The Novador project represents one property block of 202 square kilometres that hosts four past-producing mines (the Beliveau mine, the Bussiere mine, the Monique mine and the 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 the early-stage Detour Gold Quebec project. Probe controls a large land package of approximately 1,835 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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