On December 1, 2016 Probe Metals Inc. (“Probe” or the “Company”) executed definitive asset purchase agreements to acquire a 100% interest in the Bonnefond North property (“Bonnefond North”) from QMX Gold Corporation (“QMX”) and its joint venture partner. The Company also announced that it has entered into a share purchase agreement with QMX. As part of the closing, Probe has completed a $1,500,000 investment in QMX by way of a private placement (the “Private Placement”).  Probe purchased 15,000,000 common shares at $0.10 per share. As a result of the Private Placement, Probe holds approximately 11% of QMX’s issued and outstanding common shares on an undiluted basis.

Probe is a leading Canadian gold exploration company focused on the acquisition, exploration and development of highly prospective gold properties. Probe’s existing projects are located in Ontario and Quebec.

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