Probe Metals Drill Program Underway at Val-d’Or East, Quebec

Press Release

Toronto, October 28, 2019 – Probe Metals Inc. (TSX-V: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to announce that it has begun its fall drilling program at the Val-d’Or East project. The fall exploration program, which commenced in September, will include a minimum of 10,000 metres of drilling. The program is focused on expanding the Company’s current gold resources and extending the coverage of regional exploration. For the remainder of 2019, the drill program is focused on resource expansion and testing new targets on the unexplored ground around the Pascalis and Courvan gold trends. The exploration program also includes geophysical surveys that will broaden the scope of the Company’s regional exploration.

David Palmer, President and CEO of Probe, states: “The Val-d’Or East project has continued to exceed expectations in all aspects of exploration and resource growth. The recently filed NI 43-101 Resource Estimate saw gold resources more than double from the previous estimate and we see significant upside in the project going forward. Our belief in the gold potential of this historically underexplored eastern half of Val-d’Or has been confirmed by our results to date and we will continue to unlock value from this area. With a strong treasury, we intend to maintain this momentum during the remainder of 2019 and throughout 2020 with extensive drilling and exploration programs.”

The Val-d’Or East Project

Since 2016, Probe Metals has been consolidating its land position in the highly prospective Val-d’Or East area of Quebec. The Val-d’Or East project is a district-scale land package comprising 334 square kilometers and represents one of the largest land holding in the Val-d’Or mining camp. The property is host to three past producing mines (Beliveau Mine, Bussiere Mine and Monique Mine) and falls along four regional mine trends, including 14 kilometres of strike length along the prolific Cadillac Break. Val-d’Or East is situated in a politically stable and low-cost mining environment that hosts numerous active producers and mills.

The 2019 mineral resource hosted a NI 43-101 resource of 866,300 ounces Measured and Indicated and 2,293,500 ounces Inferred, net to Probe.

Qualified Persons

The scientific and technical content of this press release has been reviewed, prepared and approved by Mr. Marco Gagnon, P.Geo, Executive Vice President, who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

About Probe Metals:

Probe Metals Inc. is a leading Canadian gold exploration company focused on the acquisition, exploration and development of highly prospective gold properties. The Company is committed to discovering and developing high-quality gold projects, including its key asset the Val-d’Or East Gold Project, Quebec. The Company is well-funded and controls a strategic land package of approximately 1,000-square-kilometres of exploration ground within some of the most prolific gold belts in Quebec. The Company was formed as a result of the sale of Probe Mines Limited to Newmont Goldcorp in March 2015. Newmont Goldcorp currently owns approximately 13.7 % of the Company.

On behalf of Probe Metals Inc.,

Dr. David Palmer,
President & Chief Executive Officer

For further information:

Please visit our website at www.probemetals.com or contact:

Seema Sindwani
Director of Investor Relations
info@probemetals.com
+1.416.777.9467

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