Corporate Presentation

1. TSX: PRB
ADVANCING
NOVADOR
WELL-FUNDED CANADIAN GOLD EXPLORER

2. 2
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 $.

3. 682
866
1,801
2,039
770
722
2,557
2,310
357
2016 2018 2020 2021 2023
Highlights
3
M&I Resources (koz)
Inferred Resources (koz)
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
Novador Project is One of the Top Undeveloped Projects in Canada
RESOURCE GROW
TH
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
▷ 60,000-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
WELL-FUNDED WITH APPROX. $24M IN CASH
TEAM WITH TRACK RECORD OF DISCOVERIES AND DELIVERING SHAREHOLDER VALUE
Exceeding our goals
2.5Moz
5.0Moz
Expected Historical Resources to be converted to
"current" in spring 2023

4. 4
District-scale project in a mining
friendly jurisdiction with road, rail
and hydroelectric power

5. Mining Lease
Former Monique Mine
Resource (Au g/t > 1.65)
Conceptual Pits
New In-Pit Resource (Au g/t > 0.42)
2021 MONIQUE
TREND
DEPOSITS 2
Indicated:
672,800 oz
Inferred: 671,400
oz
Novador’s Monique Resource Update (2023)
5
▷ 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.
NEW MONIQUE
TREND
DEPOSITS 1
Indicated :
2,038,900 oz
Inferred: 357,200
oz
2021 RE
N
2023 RE
Location map
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

6. Novador Project – 2023 and Historical Resources Summary
6
Novador Property (100% interest)
Deposit/
Category
Pit-constrained Resources Underground Resources Total
Tonnes
Grade
(Au g/t)
Gold
(oz.)
Tonnes
Grade
(Au g/t)
Gold
(oz.)
Tonnes
Grade
(Au g/t)
Gold
(oz.)
Monique Deposit (2023 RE)1
M&I** 36,914,400 1.42 1,685,300 4,929,300 2.23 353,600 41,843,700 1.52 2,038,900
Inferred 4,349,700 1.36 190,200 2,383,500 2.18 167,000 6,733,200 1.65 357,200
Pascalis Deposit (2021 historical RE)2
M&I** 10,798,000 1.94 673,800 1,406,000 2.53 114,400 12,204,000 2.01 788,200
Inferred 6,007,000 1.63 315,500 2,694,000 2.77 239,900 8,701,000 1.99 555,500
Courvan Deposit (2021 historical RE)2
M&I** 3,330,000 1.85 198,500 624,000 3.49 70,100 3,954,000 2.11 268,600
Inferred 5,613,000 1.81 327,300 2,885,000 4.38 406,200 8,498,000 2.68 733,500
- 2023 Additional Pit Constrained Resource1 from mineralized waste between 0.2 g/t Au and 0.42 g/t Au available for industrial
sorting stands at : 166,900 ounces in the Indicated and 56,500 ounces in the Inferred categories, averaging 0.3 g/t Au
1Mineral Resources Statement, , InnovExplo Inc.– January 2023
2Neither 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
- Additional Historical Inferred Resources2 of 273,900ozs from other deposits (Lapaska, Senore & Sleepy)

7. 2023 milestones
▷ Focus on
exploration upside
and discoveries
▷ Drilling new targets
▷ Significant potential
for discovery
catalysts
▷ Three areas ready
to drill
7
Novador Deposits – Location Map
u
n
t
e
s
t
e
d
2023
2023 2023

8. Detour Gold Project
8
90km of potential exploration targets
Highlights
▷ New Cu-Au-
Mo-Ag
discovery on La
Peltrie Option
▷ Gold-bearing
shear zones
identified on
100%-owned
ground
▷ Two new areas
drill-ready for
2023
Map 2
Map 3
Map 1

9. Detour Gold Project
9
2023 Gold and Copper exploration targets
Former Selbaie Mine
53Mt @ 1% Cu, 2% Zn,
41 g/t Ag, 0.6 g/t Au
D-20 Zone
8.9 g/t Au / 5.1m
24.3 g/t Au, 1.8% Cu / 1.1m
Historic Resource
1.5Mt @ 95 g/t Ag
~4.8Moz Ag
B-26 Deposit
Inferred 4.4Mt @ 2% Cu, 0.2% Zn, 1.1 g/t
Au, 9.0 g/ t Ag
Indicated 7.0Mt @ 1.3% Cu, 1.8% Zn, 0.6
g/t Au, 45 g/t Ag
Beschefer
55.6 g/t Au / 5.57m
13.1 g/t Au / 8.75m
Zone 58N
2.87Mt @ 5.8 g/t
Au
Indicated
534,000oz
Zone 58N Shear
Splay
Sunday Lake
Deformation Zone
B-26 Horizon
Lower Detour (grasset) Deformation
Zone 2023 Drill
programs
(new)
Probe Cu-Au-Ag-Mo Discovery
0.3% Cu over 18.45m (84-102.45m)
0.3% Cu over 19m (108-127m)
0.5% Cu over 12m (137-149m)
0.35% Cu over 5m (155-160m)
0.27% Cu over 15.5m (188-203.5m)
0.42% Cu over 5.2m (210.5-215.7)
2023 Drill program
(follow up)
Four Drill Programs
▷ Follow-up drilling
planned for new Cu-
Au-Ag-Mo discovery
▷ Follow-up drilling on
Zone 58 shear splay
extension
▷ Two new gold
anomalies along the
Lower Detour
Deformation Zone

10. Detour Gold Project
10
New Cu-Au-Ag-Mo Discovery
1
Areas for Prospecting
in 2023
Planned IP
Grid
Extension
2021 IP Grid
Probe Cu-Au-Ag-Mo Discovery
0.13% Cu over 345.5m (entire drill
hole)
Including:
0.3% Cu over 18.45m (84-102.45m)
Sub-including 2.16% Cu, 12.3 g/t Ag,
0.09 g/t Au, 0.01% Mo over 1.0m
0.3% Cu over 19m (108-127m)
0.5% Cu over 12m (137-149m)
Sub-including 1.0% Cu, 6.4 g/t Ag,
0.04% Mo over 3.7m
0.35% Cu over 5m (155-160m)
0.27% Cu over 15.5m (188-203.5m)
Sub-including 0.64% Cu, 3.8 g/t Ag,
0.09 g/t Au, 0.04% Mo over 3m
Sub-including 0.46% Cu, 2.7 g/t Ag, 0.1
g/t Au, 0.01% Mo over 4m
0.42% Cu over 5.2m (210.5-215.7)
0.31% Cu over 3.0m (286-289m)
Untested IP
conductors
Copper occurrences
Extensive work
program planned
▷ Expanding
geophysical grid
▷ Prospecting and
mapping
▷ Follow-up drilling on
discovery area and
multiple untested
targets (June-start)

11. 2023 Milestones & Focus
11
TSX LISTING AND REBRANDING
▷ TSX listing expected on or about Jan 23
▷ Rebranding with new logos and project names
▷ New website to be launched soon
NOVADOR PROJECT PLANS
Exploration
▷ Pascalis & Courvan resource update in Spring 2023
▷ 53,000-metre drill program planned
▷ 38,000 metres in expansion drilling, 5 drills active
▷ 15,000 metres in exploration drilling
Development
▷ Advanced metallurgical, geotechnical work in preparation of Pre-
Feasibility Study (“PFS”)
▷ PFS expected in H2/2023
DETOUR QUEBEC PROJECT
▷ 7000-metre in follow up drilling, including on Le Peltrie 2022 gold-
copper-molybdenum discovery, in June with 2 drills.
60,000-metre drill program planned

12. Capital Structure
PROBE GOLD INC.
Market capitalization $245 million
Shares outstanding (basic) 151.4 million
Shares outstanding (fully diluted) 169.6 million
Cash ~$24 million
52-week trading range $2.33 - $1.09
Recent Price (31/01/2023) $1.62
TOP SHAREHOLDERS
Eldorado Gold
Caisse de dépôt et
placement du Québec Franklin Templeton
Libra Advisors Kingsley Advisors U.S. Global
Van Eck Merk Investments AGF Investments GAM Holding AG
Fonds de solidarité
FTQ
SIDEX
Management and Directors (>6%)
12
ANALYST COVERAGE
BMO Capital Markets Andrew Mikitchook
CIBC Mohamed Sidibe
Canaccord Michael Fairbairn
Industrial Alliance Sehaj Anand
Laurentian Bank Securities Barry Allan
Sprott Capital Partners Brandon Gaspar
Good Structure Strong Support
Well Funded

13. Leadership Team
13
DAVID PALMER
President, Chief Executive Officer and Director
MARCO GAGNON
Executive Vice President and Director
PATRICK LANGLOIS
CFO & VP, Corporate Development
▷ Former President and CEO of
Adventure Gold (2007 to 2016)
▷ Has over 25 years of experience in
Project Acquisition, Exploration and
Mine Development
▷ Former President and CEO of Probe
Mines (2003 to 2015)
▷ 2015: PDAC Bill Dennis Award for a
Canadian Mineral Discovery
▷ 2015: Northern Miner Mining Person of
the Year
▷ 2014: Prospector of the Year, Ontario
▷ Former Vice President of Probe Mines
(2012 to 2015)
▷ Has over 20 years of experience in
Corporate Development, Venture
Capital and Investment Banking
YVES DESSUREAULT
Chief Operating Officer
▷ Former COO of Probe Mines (2014-2015)
▷ Held senior positions with BBA Inc., Rio
Tinto PLC and Hatch Ltd. and responsible
for leading many large greenfield and
brownfield projects, from studies to
execution
▷ Has over 25 years of experience in
Operations, Project Evaluation and
Mine Development
SEEMA SINDWANI
Vice President, Investor Relations
▷ 20 years of capital markets and
investor relations experience
▷ Held a fund manager position with a
European asset management company
and senior positions at several
Canadian investment banks
Team with Track Record
of making Discoveries

14. Board Of Directors
14
JAMIE SOKALSKY
Chairman
▷ Currently, Director of Agnico Eagle Mines
and Royal Gold
▷ Former President and CEO
of Barrick Gold Corporation (2012-2014)
▷ Former CFO of Barrick Gold Corporation
(1999 to 2012)
GORD MCCREARY
Director
▷ Former Director of Probe Mines (2012
to 2015)
▷ Former CEO of Newcastle Gold and
Baffinland Iron Mines
▷ Founding Officer of Kinross Gold
▷ Former Director of Probe Mines (2001 to
2015)
▷ Founder of Peterson McVicar LLP
▷ Has 25 years of experience
as a corporate securities lawyer
DENNIS PETERSON
Director
BASIL HAYMANN
Director
▷ Former Director of Probe Mines (2013 to
2015)
▷ Entrepreneur, currently Chairman of
FabriTec Structures LLC
JAMIE HORVAT
Director
▷ Former Director, Global Equities, for a
large U.K. based Asset Manager
▷ CIO Oberon Capital Corporation
▷ Director, Troilus Gold Corp
ALEKSANDRA BUKACHEVA
Director
▷ Former Director, Battle North Gold
▷ Former EVP Corp. Development
Element 29 Resources
▷ Former Analyst, BMO Capital Markets