Corporate Presentation Probe July 2024.pdf

CP

Probe Metals is a well-funded Canadian gold explorer advancing its key projects in Quebec. It recently updated resources at its flagship Novador project to over 5 million ounces of gold. A 2021 preliminary economic assessment outlined a 12.5 year mine life with average annual production of 207,000 ounces at low costs. In 2023, Probe will focus on expanding resources through exploration, advancing pre-feasibility studies, and optimizing the Novador mine plan. It also holds a large land package near Detour Lake with four planned drill programs to test new gold and copper targets.

- Probe Gold has advanced its Novador gold project in Val-d'Or, Quebec with a large and growing gold resource totaling 5.1 million ounces. - A new resource estimate for the Monique deposit increased the total resource to 2.4 million ounces with over 2 million ounces in the indicated category. - A preliminary economic assessment outlined an after-tax IRR of 32.8% and NPV of C$598 million at a gold price of US$1,500 over a 12.5 year mine life producing over 200,000 ounces of gold per year on average.

The document is a corporate presentation for Probe Metals Inc., a Canadian gold explorer. It summarizes that according to a 2021 preliminary economic assessment: - The Val-d'Or East project could have a 12.5 year mine life producing an average of 207,000 ounces of gold per year and over 231,000 ounces annually for the first 8 years. - The project is estimated to have a post-tax NPV of C$598 million and IRR of 32.8% at a gold price of US$1,500 per ounce.

Probe Metals is a well-funded Canadian gold explorer advancing its key projects in Val-d'Or, Quebec. The company recently updated mineral resource estimates for its flagship Novador project that increased total resources to over 5 million ounces of gold. A 2021 preliminary economic assessment outlined a potential open pit mine plan for Novador with over 200,000 ounces of annual gold production and strong economics. In 2023, Probe Metals completed extensive drilling programs across its projects and made a strategic acquisition, positioning the company to continue expanding its resources in Val-d'Or.

Probe Metals is a well-funded Canadian gold explorer advancing its key projects in Val-d'Or, Quebec. The company recently updated mineral resource estimates for its flagship Novador project, growing total resources to over 5 million ounces of gold. A 2021 preliminary economic assessment outlined a potential open pit mine producing over 200,000 ounces of gold annually with strong economics. Probe plans to incorporate recent exploration success and resource growth into an updated preliminary economic assessment in 2024. The company is also exploring new discovery opportunities on its district-scale land package.

Probe Metals is a well-funded Canadian gold explorer advancing its key projects in Val-d'Or, Quebec. The company recently updated mineral resource estimates for its flagship Novador project that increased total resources to over 5 million ounces of gold. A 2021 preliminary economic assessment outlined a potential open pit mine plan for Novador with over 200,000 ounces of annual gold production and strong economics. In 2023, Probe Metals completed extensive drilling programs across its projects and made a strategic acquisition, positioning the company to continue expanding its resources in Val-d'Or.

Probe Metals is a well-funded Canadian gold explorer advancing its Val-d'Or East project located in Quebec. A preliminary economic assessment outlines a 12.5 year mine life with average annual production of 207,000 ounces of gold and an after-tax NPV of C$598 million and IRR of 32.8% at a gold price of US$1,500 per ounce. The Val-d'Or East project hosts over 1.8 million ounces of gold in the measured and indicated categories and over 2.3 million ounces in the inferred category. Probe plans a 165,000 meter drill program in 2022, its largest to date, to focus on exploration, expansion, and resource conversion at Val-

Probe Metals is a well-funded Canadian gold explorer advancing its Val-d'Or East project in Quebec. A preliminary economic assessment shows the project could have average annual production of 207,000 ounces of gold over a 12.5 year mine life with an after-tax NPV of C$598 million and IRR of 32.8% at a gold price of US$1,500 per ounce. The company plans a 165,000 meter drill program in 2022 focused on resource expansion and conversion along multiple mineralized trends with a preliminary feasibility study expected in 2023.

- Probe Gold has advanced its Novador gold project in Val-d'Or, Quebec, with a large and growing gold resource totaling 5.1 million ounces. - A recent resource update for the Monique deposit showed a 78% increase in total resources to 2.4 million ounces. - A 2021 preliminary economic assessment outlined an after-tax IRR of 32.8% and NPV of C$598 million at a gold price of US$1,500 over a 12.5 year mine life. - The project is located in the mining-friendly jurisdiction of Quebec near infrastructure and is fully permitted for construction pending financing.

1) Probe Gold is a well-funded Canadian gold explorer advancing its Novador project located 25km from Val-d'Or, Quebec. 2) The Novador project has over 5 million ounces of gold resources and a preliminary economic assessment outlines a 12.5 year mine life producing over 200,000 ounces per year. 3) In 2023, Probe Gold plans over 60,000 meters of drilling to expand resources and make new discoveries across its large land package in Val-d'Or and at its Detour Gold project.

- Probe Gold is a well-funded Canadian gold explorer advancing its Novador project located 25km from Val-d'Or, Quebec. - At Novador, total gold resources have grown to over 5Moz with the recent addition of 2.4Moz at the Monique deposit. - A 2021 PEA outlined a 12.5 year mine life with average annual production of 207koz and an after-tax IRR of 32.8%. - In 2023, Probe plans over 60,000m of drilling to expand resources and make new discoveries across its properties.