Probe Gold : Corporate Presentation

TSX: PRB

WELL-FUNDED CANADIAN GOLD EXPLORER

ADVANCING

NOVADOR

Forward Looking Information

This presentation may include certain "forward-looking statements" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding future plans and objectives of Probe Metals Inc. ("the Company"), future opportunities and anticipated goals, the company's portfolio, treasury, management team, timetable to permitting and production and the prospective mineralization of the properties, are forward-looking statements that involve various risks, assumptions, estimates and uncertainties. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "seeks", "believes", "anticipates", "plans", "continues", "budget", "scheduled", "estimates", "expects", "forecasts", "intends", "projects", "predicts", "proposes", "potential", "targets" and variations of such words and phrases, or by statements that certain actions, events or results "may", "will", "could", "would", "should" or "might", "be taken", "occur" or "be achieved". There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-

looking information is subject to known and unknown risks, including but not limited to: an inability to complete the business combination; general business, economic, competitive, geopolitical and social uncertainties; delays in obtaining or failures to obtain required governmental, regulatory, environmental or other required approval; the actual results of current exploration activities; acquisition risks; and other risks of the mining and resource industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. These statements reflect the current internal projections, expectations or beliefs of the Company are based on information currently available to the Company. The Company do not undertake to update any forward-looking information, except in accordance with applicable securities laws. The Company believe that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this presentation should not be unduly relied upon by investors as actual results may vary. Unless required to be updated pursuant to securities laws, these statements speak only as of the date of this presentation and are expressly qualified, in their entirety, by this cautionary statement.

National Instrument 43-101

Technical and scientific information contained herein relating to the Projects is derived from National Instrument 43-101 ("NI 43-101") compliant technical reports, Mineral Resource Estimates ("MRE") or news releases. The 2023 Monique resource estimate was independently prepared by InnovExplo Inc. in accordance with NI 43-101 and is dated January 16, 2023. The QPs for InnovExplo are Marina Lund, P.Geo. and Simon Boudreau, P.Eng., who are the independent and qualified persons (QPs) for the MRE, as defined by NI 43-101. The effective date is January 16, 2023. The 2021 Val-d'Or East historical MRE was independently prepared by Independent QPs Merouane Rachidi, Ph. D., P.Geo and Claude Duplessis., from GoldMinds Geoservices, and Alain-Jean Beautregard, P.Geo and Daniel Gaudreault, P. Eng. from Geologica Groupe-Counseil Inc which all are QPs. This Presentation uses the terms "indicated resources" and "inferred resources". Although these terms are recognized and required by Canadian regulations (under NI 43-101), the United States Securities and Exchange Commission does not recognize them. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. There is no guarantee that all or any part of the mineral resource will be converted into mineral reserves. In addition, "inferred resources" have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre feasibility studies, or economic studies, except for a Preliminary Assessment ("PEA") as defined under NI 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable. The 2021 historical PEA has been prepared by Tomasso Roberto Raponi, P.Eng. from Ausenco, Jesse Aarsen, P.Eng. from MMTS and Merouane Rachidi, Ph.D. P.Geo., from Goldminds who are "QPs, and are considered to be independent of Probe consultants for the purposes of section

1.5 of NI 43-101, and all of whom have reviewed the information that is summarized from the PEA in their areas of expertise. The MRE and PEA historical Technical Report are available on SEDAR at www.SEDAR.com under the Company's profile.

Currency

Unless otherwise indicated, all dollar values herein are in Canadian $.

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Highlights

Novador Project is One of the Top Undeveloped Projects in Canada

ONE OF THE LARGEST GOLD RESOURCES IN VAL-D'OR AND GROWING

• New Monique resource - 2,038,900 oz Indicated, 357,200 oz Inferred1 up from 672,800 (Indicated) and 671,400 (Inferred) in the previous (2021) NI 43-101 resource estimate
• Indicated mineral resources for Monique more than tripled to 2,038,900 ounces, mostly within the current mining lease and pit-constrained resource
• Total Resources currently stand at 2,038,900 ounces Indicated and 357,200 ounces Inferred for Monique and historical resources stands at 1,128,100 ounces Indicated and 1,638,200 Inferred ounces. Pascalis and Courvan deposits being the main contributors to historical resources 2
• Pascalis & Courvan resource update due in Spring
• 50,000-metre exploration program in 2023 at Novador

LARGE LANDHOLDINGS IN TOP MINING JURISDICTION

• Novador located in Quebec, a World Class Mining District
• 25 km East from Val-d'Or, close to power, rail line and highway

Exceeding our goals

5.0Moz

2,310

2.5Moz

2,557	357

722	1,801	2,039

770	682	866
WELL-FUNDED WITH APPROX. $24M IN CASH
2016	2018	2020	2021	2023

TEAM WITH TRACK RECORD OF DISCOVERIES AND DELIVERING SHAREHOLDER VALUE	Inferred Resources (koz)

M&I Resources (koz)

Expected Historical Resources to be converted to "current" in spring 2023

1 Mineral Resources Statement, InnovExplo Inc.- January 2023
2 Neither the QPs nor the Company considers this historical estimate as current mineral resources. Details of historical resources are in "NI 43-101 Technical Report for the Val-d'Or East Project, Abitibi Greenstone Belt, Quebec, Canada", dated July 14th, 2021	3

District-scale project in a mining friendly jurisdiction with road, rail and hydroelectric power

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Novador's Monique Resource Update (2023)

• 78% increase in total ounces and 78% in pit-constrained resources
• Indicated resource grew 203% to 2.04Moz from 0.67Moz, a 1.37Moz increase
• Potential significant mine plan improvement with Monique now captured in single pit, compared to 3 pits in 2021 RE
• Average gold grade in the pit-constrained Indicated resource increases to 1.42 g/t gold from 1.38 g/t in 2021 RE.

2023 RE

Location map

2021 RE

Lease

Mining

NEW MONIQUE TREND DEPOSITS 1 Indicated : 2,038,900 oz Inferred: 357,200 oz

Former Monique Mine

Conceptual Pits

Resource (Au g/t > 1.65)

New In-Pit Resource (Au g/t > 0.42)

N

2021 MONIQUE TREND

DEPOSITS 2 Indicated: 672,800 oz Inferred: 671,400 oz

1. Mineral Resources Statement, InnovExplo Inc.- January 2023
2. Neither the QPs nor the Company considers this historical estimate as current mineral resources. Details of historical resources are in "NI 43-101 Technical Report for the Val-d'Or East Project, Abitibi Greenstone Belt, Quebec, Canada", dated July 14th, 2021

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