On February 7, 2017 Probe Metals Inc. (the “Company”) announced that it had entered into an agreement with Cormark Securities Inc., on behalf of a syndicate of underwriters (collectively, the “Underwriters”), whereby the Underwriters have agreed to purchase, on a “bought deal” private placement basis, 600,000 Ontario flow-through common shares and 4,400,000 Quebec flow-through common shares of the Company, for aggregate gross proceeds of $10,028,000 (the “Offering”). It is expected that the closing of the Offering will occur on or about February 28, 2017.

Probe Metals Inc. is a leading Canadian gold exploration company focused on the acquisition, exploration and development of highly prospective gold properties. The gross proceeds from the Offering will be used to fund “Canadian exploration expenses” related to Probe’s projects in Ontario and Québec.

Peterson McVicar acted for Probe Metals Inc. with a team that included Dennis Peterson and Michal Malecki.