Peterson McVicar Acts for Probe Metals Inc. as it acquires 100% interest in the Bonnefond North property from QMX Gold Corporation

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.

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