Probe Metals Makes New Gold Discoveries on Cadillac Break East Property, Val-d’Or East Project

Probe Metals Inc. is pleased to provide results from its regional drill program on the Val-d’Or East Cadillac Break East Option property near Val-d’Or, Quebec. The property is currently under option from O3 Mining Inc.  Results from the exploration drilling program identified three significant new gold zones on the eastern part of the Property (see figure 1). Two of the discoveries were made along the projected eastern extension of the Sleepy deposit, which hosts a Current Resource of 1,855,300 tonnes @ 5.1 g/t gold, for a total of 307,350 ounces of gold, while the third is a new discovery along a previously unexplored trend approximately 2 kilometres southeast of Sleepy.  Selected highlights of the drill results are presented in the associated table.

Dr. David Palmer, president and chief executive officer of Probe, states: "Drilling results continue to confirm to us that the Val-d’Or East area is one of those valuable opportunities where you can acquire underexplored ground in the shadow of headframes and make new discoveries.  The Cadillac Break East Option is a great example of the success achieved by applying methodical exploration programs and modern exploration techniques to a neglected area that is highly prospective for gold.  We will continue to advance the project with the goal of making more discoveries, and converting those discoveries into potential gold resources, as we follow-up with more geophysics and more drilling."

The drilling program was primarily designed to test induced polarisation anomalies identified over the property during the first phase of exploration. The gold-bearing drill intercepts released today correspond to higher chargeability zones associated with medium to high resistivity zones. The Sleepy Extension discoveries, east of the Sleepy gold deposit, were from holes CBE-06, CBE-07 and CBE-16. These holes intersected Sleepy-type mineralization located within a siliceous part of the Vicour sill near its southern contact. The zone appears strongly altered with albite-quartz-chlorite alteration and contains 1% to 15% disseminated, and locally semi-massive, sulfides of predominantly pyrite, pyrrhotite, and occasionally chalcopyrite. The Sleepy Extension zone has also sheared contacts associated with abundant blue quartz alteration. The new zone intersected by hole CBE-53 is within an altered spherulitic felsic volcanic unit located along an untested trend southeast of the Sleepy deposit. Quartz, albite, carbonates, and sericite alterations are associated with 1% to 20% disseminated to cm-scale pyrite masses in quartz-carbonates-tourmaline sheared veins. Quartz-feldspar porphyry dykes and gabbro are also observed close to the mineralized deformation zone. The new discoveries remain open in all directions. Follow-up drilling has commenced on these zones.

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