PETERSON MCVICAR ACTS FOR PROBE GOLD IN $10M BOUGHT DEAL PRIVATE PLACEMENT

On December 22, 2023 Probe Gold Inc. (“Probe” or the “Company”) announced that it has closed its
previously announced bought deal private placement (pursuant to the listed issuer financing exemption
(“LIFE”), for aggregate gross proceeds of approximately C$10 million (the “Offering”). The Offering was
comprised of 4,545,400 Canadian Exploration Expense (“CEE”) flow-through common shares (the “Flow-
Through Common Shares”) of the Company, at a price of C$2.20 per Flow-Through Common Share.
The Flow-Through Common Shares were issued and sold pursuant to the LIFE, available under Part 5A of
National Instrument 45-106 – Prospectus Exemptions. English and French copies of the offering
document under the LIFE dated December 12, 2023 (the "Offering Document") are available
electronically on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile. The Flow-Through
Common Shares issued in accordance with the LIFE are not subject to resale restrictions in Canada in
accordance with applicable Canadian securities laws and the policies of the TSX.
The Company plans to use the gross proceeds from the Offering to fund exploration and drilling at the
Novador Gold project and the Detour Gold project.
Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) is a leading Canadian gold exploration company focused on
the acquisition, exploration, and development of highly prospective gold properties. The Company is
well-funded and dedicated to the exploration and development of high-quality gold projects, notably its
100% owned flagship asset, the multimillion-ounce Novador Gold Project in Québec.

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