AGREEMENT: Probe Mines, First Nations ink MOU for Borden Lake gold project

ONTARIO - Probe Mines of Toronto has entered into a memorandum of understanding with the Brunswick House, Chapleau Cree and Chapleau Ojibwe First Nations communities. The agreement establishes a commitment by Probe to develop an ongoing relationship with the three communities in the area of the company's Borden Lake gold project and provides the communities with an opportunity to participate in the benefits of the project through training, ongoing communication and business development.

An elders committee will be created to provide advice to Probe on traditional values and local cultural and environmental matters during the exploration phase. The company has also agreed to negotiate an impact benefit agreement with the communities should the project proceed to production.

In addition to Probe's commitment to training, communication and business development, the company has also agreed to the issuance of 50,000 common shares to each of the three First Nations communities vesting over a period of 18 months, for an aggregate of 150,000 common shares. These share grants recognize the ongoing contributions of the First Nations communities and will allow each community to directly participate in any potential successes of Probe.

Borden Lake is a new gold discovery near Chapleau. Further information is available at www.ProbeMines.com.