On November 8, 2011 Probe Mines Limited (“Probe”) closed a private placement of 2,100,000 common shares issued on a flow-through basis (“FT Shares”) at $2.45 per FT Share and an additional 4,100,000 FT Shares at $2.45 per FT Share pursuant to an exercise in full of the underwriters’ option for aggregate gross proceeds of $15,190,000. The offering was conducted on a brokered-basis with BMO Capital Markets acting as the lead underwriter of a syndicate that included Jennings Capital Inc.

Peterson Law acted for Probe with a team that included Dennis Peterson.