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Probe Mines Limited Canadian Base and Precious Metal Exploration TSX.V: PRB Celebrating 75 Years in the Mining Industry Annual General Meeting 2008.

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Presentation on theme: "Probe Mines Limited Canadian Base and Precious Metal Exploration TSX.V: PRB Celebrating 75 Years in the Mining Industry Annual General Meeting 2008."— Presentation transcript:

1 Probe Mines Limited Canadian Base and Precious Metal Exploration TSX.V: PRB Celebrating 75 Years in the Mining Industry Annual General Meeting 2008

2 Cautionary Notes Disclaimer This presentation contains a review of the Companys projects in Canada. Viewers are cautioned that the projects are at an early stage of exploration and that estimates and projections contained herein are based on limited and incomplete data. More work is required before the mineralization on the projects and their economic aspects can be confidentially modeled. Therefore, the work results and estimates herein may be considered to be generally indicative only of the nature and quality of the projects. No representation or prediction is intended as to the results of future work, nor can there be any promise that the estimates herein will be confirmed by future exploration or analysis, or that the projects will otherwise prove to be economic. Forward-Looking Statements This presentation includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Probe, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially form those anticipated in such statements.

3 Directors & Management Patrick Reid, B.A.Chairman of the Board David Palmer, Ph.D., P.Geo.President, CEO & Director Dennis PetersonDirector John Gammon, Ph.D.Director Karen WilloughbyDirector Corp. Communications Sound Management Experienced Exploration Team

4 At-a-Glance TSX VentureV.PRB IndustryMining Shares Outstanding 33.5M Shares Fully Diluted39.8M Recent Share Price$0.15 Market Cap$5M Fiscal Year EndApril 30 Cash-on-Hand$5.1M Cash-on-Hand$5.1M

5 Corporate Highlights McFaulds West Along trend of Noront Resources Eagle One (Ni-Cu- PGE) and Blackbird (Cr2O3) deposits; and Freewests Thor discovery (Cr2O3) Tamarack JV Under Option to Mantis Mineral Corp; Along trend of Freewests Thor Chromite discovery Victory Project 100%-owned Victory Project in McFaulds Lake Area. Recent drill intersection of Sulphide-Mineralized Ultramafic Goldex Mine Royalty Agnico-Eagle commenced production on June 8 th

6 Projects

7 Bristol Township Project Significant Land holdings Adjacent Lake Shore Golds Holmer Gold Deposit (1,290,000 ozs Au) Property Hosts Multiple Gold Occurrences Continuing Exploration through Joint Venture Agreement with West Timmins Mining

8 Projects

9 The Goldex Royalty In progress Probe Holds a 5% Net Smelter Royalty on a Portion of Agnico-Eagles Goldex Deposit (1.6M ozs Au) Located in the Prolific Val dOr Mining Camp Production Officialy Commenced June 2008 Potential to Generate Significant Revenue for Probe as mining moves towards royalty boundary

10 Projects

11 McFaulds Lake Area Probe Controls Almost 15,000 Hectares in the McFaulds Lake Area New Canadian Mining Camp in the Making? First Volcanogenic Massive Sulphide Deposits (Cu- Zn-Au-Ag) Discovered in 2002 First High-Grade Nickel Discovery in 2007 Probe Discovers High-Grade Copper in 2005 Probe identifies PGE on McFaulds West and Nickel on Victory 2008

12 Tamarack Project Copper Discovery in 2005 (7.8m of 3.1% Cu) Numerous Untested Drill Targets Along Strike of New Ni-Cu and Chromite discoveries Option-JV agreement with Mantis Minerals

13 Victory Project Probe holds over 7,500 Hectares in Victory Greenstone Belt Drilling Confirms VMS Potential and Presence of Ni and Cu Bearing Ultramafic Intrusives VTEM Survey Completed Associated with McFaulds Lake Belt

14 Probe holds over 7,500 Hectares in Victory Greenstone Belt Drilling Confirms VMS Potential and Presence of Ni and Cu Bearing Ultramafic Intrusives VTEM Survey Completed Associated with McFaulds Lake Belt Victory Project

15 McFaulds Lake West Along the Ni- Chromite trend New Nickel – Chromite Trend 2008 Drilling identifies significant Pt-Pd-Au in peridotite host

16 McFaulds Lake West Regional Magnetics Indicate Anomalies on Property Airborne Survey Completed Winter Drilling Program To Commence In Jan/Feb 2008

17 Looking Ahead Monitor Development of Goldex Mine Position Company for Return of Stable Markets Current Market Conditions Provide Opportunity for Quality Acquisitions at Reasonable Costs Continue Current Exploration Activity on McFaulds Lake Properties (VMS/Ni-Cu) Strong Treasury - $5.1M in Cash Reviewing Advanced Level Properties

18 PRB – TSX.V Contact Information David Palmer, Ph.D., P.Geo. President & CEO (416) Karen Willoughby Director Corporate Communications (866) Head Office Suite 306, 2 Toronto Street Toronto, Ontario, Canada M5C 2B6 Tel:(416) Fax:(416) Website:


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