Probe Mines LimitedCanadian Base and Precious Metal Exploration
TSX.V: PRBTSX.V: PRB
Celebrating 75 Years in the Mining Industry
Annual General Meeting 2008
Cautionary NotesCautionary Notes
DisclaimerThis presentation contains a review of the Company’s projects in Canada. Viewers are cautioned that the projects are at an early stage of exploration and that estimates and projections contained herein are based on limited and incomplete data. More work is required before the mineralization on the projects and their economic aspects can be confidentially modeled. Therefore, the work results and estimates herein may be considered to be generally indicative only of the nature and quality of the projects. No representation or prediction is intended as to the results of future work, nor can there be any promise that the estimates herein will be confirmed by future exploration or analysis, or that the projects will otherwise prove to be economic.
Forward-Looking StatementsThis presentation includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Probe, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially form those anticipated in such statements.
Directors & ManagementDirectors & Management
Patrick Reid, B.A. Chairman of the Board
David Palmer, Ph.D., P.Geo. President, CEO & Director
Dennis Peterson Director
John Gammon, Ph.D. Director
Karen Willoughby Director Corp. Communications
Sound ManagementExperienced Exploration Team
At-a-GlanceAt-a-Glance
TSX VentureTSX Venture V.PRBV.PRB
IndustryIndustry MiningMining
Shares Outstanding Shares Outstanding 33.5M33.5M
Shares Fully DilutedShares Fully Diluted 39.8M39.8MRecent Share PriceRecent Share Price $0.15$0.15
Market CapMarket Cap $5M$5MFiscal Year EndFiscal Year End April 30April 30
Cash-on-HandCash-on-Hand $5.1M$5.1M
Corporate HighlightsCorporate HighlightsMcFauld’s West
Along trend of Noront Resources’ Eagle One (Ni-Cu-PGE) and Blackbird (Cr2O3) deposits; and Freewest’s Thor discovery (Cr2O3)
Tamarack JV
Under Option to Mantis Mineral Corp; Along trend of Freewest’s Thor Chromite discovery
Victory Project
100%-owned Victory Project in McFauld’s Lake Area. Recent drill intersection of Sulphide-Mineralized Ultramafic
Goldex Mine Royalty
Agnico-Eagle commenced production on June 8th
O NTARIOTim m ins
Va l d ’O r
M cF auld ’s L ake A rea
Q UEBEC
G o ld exR oyalty
V ictory P rojectT am arack P roject
M cF auld ’s L ake W est
M o ntre a lToro nto
ProjectsProjects
O NTARIOTim m ins
Va l d ’O r
M cF auld ’s L ake A rea
Q UEBEC
G o ld exR oyalty
V icto ry P ro jectT am arack P ro ject
M cF auld ’s L ake W est
B risto lT ow nsh ip
P ro ject
M o ntre a lToro nto
Bristol Township ProjectBristol Township Project
Significant Land holdings Adjacent Lake Shore Gold’s
Holmer Gold Deposit (1,290,000 ozs Au)
Property Hosts Multiple Gold Occurrences
Continuing Exploration through Joint Venture Agreement with
West Timmins Mining
ProjectsProjects
O NTARIOTim m ins
Va l d ’O r
M cF auld ’s L ake A rea
Q UEBEC
G o ld exR oyalty
V icto ry P ro jectT am arack P ro ject
M cF auld ’s L ake W est
B risto lT ow nsh ip
P ro ject
M o ntre a lToro nto
The Goldex RoyaltyThe Goldex Royalty
In progress
Probe Holds a 5% Net Smelter Royalty on a Portion of Agnico-Eagle’s Goldex
Deposit (1.6M ozs Au)
Located in the Prolific Val d’Or Mining Camp
Production Officialy Commenced June 2008
Potential to Generate Significant Revenue for Probe
as mining moves towards royalty boundary
ProjectsProjects
O NTARIOTim m ins
Va l d ’O r
M cF auld ’s L ake A rea
Q UEBEC
G o ld exR oyalty
V icto ry P ro jectT am arack P ro ject
M cF auld ’s L ake W est
B risto lT ow nsh ip
P ro ject
M o ntre a lToro nto
McFauld’s Lake AreaMcFauld’s Lake AreaProbe Controls Almost 15,000 Hectares in the McFaulds Lake
Area
New Canadian Mining Camp in the Making?
First Volcanogenic
Massive Sulphide
Deposits (Cu-Zn-Au-Ag)
Discovered in 2002
First High-Grade Nickel Discovery in 2007
Probe Discovers High-Grade Copper
in 2005 Probe identifies PGE on McFauld’s West
and Nickel on Victory 2008
Tamarack ProjectTamarack Project
Copper Discovery in 2005 (7.8m of 3.1% Cu)
Numerous Untested Drill Targets
Along Strike of New Ni-Cu and Chromite
discoveries
Option-JV agreement with Mantis Minerals
Victory ProjectVictory Project
Probe holds over 7,500 Hectares in Victory Greenstone Belt
Drilling Confirms VMS Potential and Presence of
Ni and Cu Bearing Ultramafic Intrusives
VTEM Survey Completed
Associated with McFaulds Lake Belt
Probe holds over 7,500 Hectares in Victory Greenstone Belt
Drilling Confirms VMS Potential and Presence of Ni and
Cu Bearing Ultramafic Intrusives
VTEM Survey Completed
Associated with McFaulds Lake Belt
Victory ProjectVictory Project
McFauld’s Lake WestMcFauld’s Lake West
Along the Ni-Chromite trend
New Nickel – Chromite Trend
2008 Drilling identifies significant Pt-Pd-Au in peridotite host
McFauld’s Lake West McFauld’s Lake West
Regional Magnetics Indicate Anomalies on
Property
Airborne SurveyCompleted
Winter Drilling Program To
Commence In Jan/Feb 2008
Looking AheadLooking Ahead
Monitor Development of Goldex Mine
Position Company for Return of Stable Markets
Current Market Conditions Provide Opportunity for Quality Acquisitions at Reasonable Costs
Continue Current Exploration Activity on McFaulds Lake Properties (VMS/Ni-Cu)
Strong Treasury - $5.1M in Cash
Reviewing Advanced Level Properties
PRB – TSX.V
Contact InformationContact Information
David Palmer, Ph.D., P.Geo.President & CEO(416) 777-6703
Karen WilloughbyDirector Corporate Communications(866) 365-4724
Head OfficeSuite 306, 2 Toronto StreetToronto, Ontario, CanadaM5C 2B6Tel: (416) 777-6703Fax: (416) 777-6705Email: [email protected]: www.probemines.com