Peterson McVicar Acts for Probe Gold in $15 Million Bought Deal Private Placement

On March 13, 2023 Probe Gold Inc. (“Probe” or the “Company”) announced an agreement with
Canaccord Genuity Corp. on behalf of a syndicate of underwriters (collectively, the “Underwriters”),
pursuant to which the Underwriters have agreed to purchase, on a “bought deal” basis, 7,389,200
common shares of the Company that will qualify as “flow-through shares” (within the meaning of
subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)) (the
“Flow-Through Shares”) at a price of $2.03 per Flow-Through Share (the “Offering Price”) for gross
proceeds of $15,000,076 (the “Offering”).
The Company intends to use the proceeds of the Offering to continue exploration and drilling at its
Novador Gold project and Detour Gold project. The Offering is expected to close on or about March 27,
2023 (the “Closing Date”) and is subject to the Company receiving all necessary regulatory approvals.
Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) is a leading Canadian gold exploration company focused on
the acquisition, exploration, and development of highly prospective gold properties. The Company is
committed to discovering and developing high-quality gold projects, including its key asset the
multimillion-ounce Novador Gold Project, Québec.

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