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Probe Mines Limited Canadian Base and Precious Metal Exploration

Probe Mines Limited Canadian Base and Precious Metal Exploration. Annual General Meeting 2008. TSX.V: PRB. Celebrating 75 Years in the Mining Industry. Cautionary Notes. Disclaimer

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Probe Mines Limited Canadian Base and Precious Metal Exploration

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  1. Probe Mines LimitedCanadian Base and Precious Metal Exploration Annual General Meeting 2008 TSX.V: PRB Celebrating 75 Years in the Mining Industry

  2. Cautionary Notes Disclaimer This presentation contains a review of the Company’s projects in Canada. Viewers are cautioned that the projects are at an early stage of exploration and that estimates and projections contained herein are based on limited and incomplete data. More work is required before the mineralization on the projects and their economic aspects can be confidentially modeled. Therefore, the work results and estimates herein may be considered to be generally indicative only of the nature and quality of the projects. No representation or prediction is intended as to the results of future work, nor can there be any promise that the estimates herein will be confirmed by future exploration or analysis, or that the projects will otherwise prove to be economic. Forward-Looking Statements This presentation includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Probe, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially form those anticipated in such statements.

  3. Directors & Management Patrick Reid, B.A. Chairman of the Board David Palmer, Ph.D., P.Geo. President, CEO & Director Dennis Peterson Director John Gammon, Ph.D. Director Karen Willoughby Director Corp. Communications Sound Management Experienced Exploration Team

  4. At-a-Glance TSX Venture V.PRB Industry Mining Shares Outstanding 33.5M Shares Fully Diluted 39.8MRecent Share Price $0.15 Market Cap $5M Fiscal Year End April 30 Cash-on-Hand $5.1M

  5. Corporate Highlights McFauld’s West Along trend of Noront Resources’ Eagle One (Ni-Cu-PGE) and Blackbird (Cr2O3) deposits; and Freewest’s Thor discovery (Cr2O3) Tamarack JV Under Option to Mantis Mineral Corp; Along trend of Freewest’s Thor Chromite discovery Victory Project 100%-owned Victory Project in McFauld’s Lake Area. Recent drill intersection of Sulphide-Mineralized Ultramafic Goldex Mine Royalty Agnico-Eagle commenced production on June 8th

  6. Projects

  7. Bristol Township Project Significant Land holdings Adjacent Lake Shore Gold’s Holmer Gold Deposit (1,290,000 ozs Au) Property Hosts Multiple Gold Occurrences Continuing Exploration through Joint Venture Agreement with West Timmins Mining

  8. Projects

  9. The Goldex Royalty Probe Holds a 5% Net Smelter Royalty on a Portion of Agnico-Eagle’s Goldex Deposit (1.6M ozs Au) In progress Located in the Prolific Val d’Or Mining Camp Production Officialy Commenced June 2008 Potential to Generate Significant Revenue for Probe as mining moves towards royalty boundary

  10. Projects

  11. Probe Controls Almost 15,000 Hectares in the McFaulds Lake Area McFauld’s Lake Area First Volcanogenic Massive Sulphide Deposits (Cu-Zn-Au-Ag) Discovered in 2002 New Canadian Mining Camp in the Making? Probe Discovers High-Grade Copper in 2005 First High-Grade Nickel Discovery in 2007 Probe identifies PGE on McFauld’s West and Nickel on Victory 2008

  12. Tamarack Project Copper Discovery in 2005 (7.8m of 3.1% Cu) Option-JV agreement with Mantis Minerals Along Strike of New Ni-Cu and Chromite discoveries Numerous Untested Drill Targets

  13. Victory Project Probe holds over 7,500 Hectares in Victory Greenstone Belt Drilling Confirms VMS Potential and Presence of Ni and Cu Bearing Ultramafic Intrusives VTEM Survey Completed Associated with McFaulds Lake Belt

  14. Victory Project Drilling Confirms VMS Potential and Presence of Ni and Cu Bearing Ultramafic Intrusives VTEM Survey Completed Probe holds over 7,500 Hectares in Victory Greenstone Belt Associated with McFaulds Lake Belt

  15. McFauld’s Lake West Along the Ni-Chromite trend 2008 Drilling identifies significant Pt-Pd-Au in peridotite host New Nickel – Chromite Trend

  16. McFauld’s Lake West Regional Magnetics Indicate Anomalies on Property Airborne Survey Completed Winter Drilling Program To Commence In Jan/Feb 2008

  17. Looking Ahead Strong Treasury - $5.1M in Cash Continue Current Exploration Activity on McFaulds Lake Properties (VMS/Ni-Cu) Current Market Conditions Provide Opportunity for Quality Acquisitions at Reasonable Costs Reviewing Advanced Level Properties Monitor Development of Goldex Mine Position Company for Return of Stable Markets

  18. Contact Information David Palmer, Ph.D., P.Geo. President & CEO (416) 777-6703 Karen Willoughby Director Corporate Communications (866) 365-4724 Head Office Suite 306, 2 Toronto Street Toronto, Ontario, Canada M5C 2B6 Tel: (416) 777-6703 Fax: (416) 777-6705 Email: info@probemines.com Website: www.probemines.com PRB – TSX.V

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