Probe Gold Reports Infill Drilling Results with Grades Up to 3.8 g/t Au Over 17.4 Metres (Cut) at the Novador Project, Quebec

Highlights:

• Courvan Trend (Bussiere Deposit) infill drilling results intersected near-surface gold zones with significant grades up to 3.8 g/t Au over 17.4 metres (cut*) (26.5 g/t Au over 17.4 metres uncut), including 444 g/t Au over 1.0 metres.
• Courvan Trend (BM 16 Zone) infill drilling results intersected near-surface gold zones grading 3.1 g/t Au over 18.5 metres (cut), including 66.2 g/t Au over 1.0 metres.
• Monique Deposit (B1 & I Zones), infill drilling yielded up to 3.1 g/t Au over 16.0 metres, including 11.7 g/t Au over 4.0 metres and thick gold zones, including an intersection of 1.4 g/t Au over 45.3 metres.
• Monique Deposit (G2, A & M Zones), infill drilling yielded up to 4.0 g/t Au over 9.0 metres, including 29.9 g/t Au over 1.0 metres, 1.9 g/t Au over 17.0 metres, including 8.8 g/t Au over 3.0 metres and 3.0 g/t Au over 17.2 metres, including 6.2 g/t Au over 5.0 metres.
• The 50,000-metre Winter infill drill program will support the 2025 pre-feasibility study.

TORONTO, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) ("Probe” or the "Company”), is pleased to provide the latest results from the Novador in-fill and condemnation drill program initiated during the fall of 2024 on its 100%-owned Novador property (the "Property”) located near Val-d'Or, Quebec. Results from fifty-three (53) infill drill holes, totaling 15,285 metres, have returned significant gold intercepts from near-surface to approximately 150 metres vertical depth in the Bussiere deposit sector and significant thick gold intercepts from deeper infill drilling were obtained at Monique (see figure 1, figure 2 and table of selected drill results below). Additionally, results from sixteen (16) condemnation drill holes, totalling 2529 metres at Pascalis are presented (see figure 3 and table of selected drill results below).   One condemnation hole returned gold mineralization, intersecting 1.5m of 16.2g/t Au in Hole PCD-24-4.

David Palmer, President and CEO of Probe, states, " As expected, the first results from Novador's infill drilling program are confirming continuity and grade from near-surface mineralization at the Bussiere deposit and deeper gold zones at Monique, successfully demonstrating ongoing resource conversion for the upcoming Pre-Feasibility Study. The PFS represents a critical milestone in advancing the Novador project toward development. With a strong treasury heading into 2025, Probe's main focus is to continue advancing Novador, positioning it as a premier development project capable of thriving in any gold price environment. Based on the progress made to date in permitting, resource growth and mine-plan improvement, resulting in fewer, larger open pits, our confidence in the project's potential continues to grow and we see a clear path forward to development.”

These latest drilling results will continue to improve our 3D models at Courvan and Monique. Both Zones remain open for significant expansion along strike and at depth.

Selected infill drill results from the Bussiere deposit and the Monique deposit drilling program are, as follows: