Probe Metals : Corporate Presentation

TSX-V: PRB

WELL-FUNDED CANADIAN GOLD EXPLORER

ADVANCING

VAL-D'OR

EAST

Corporate Presentation

September 2021

FORWARD LOOKING STATEMENTS

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 ("Reports") Mineral Resources Val d'Or East Property dated July 14, 2021. Technical and scientific information not contained within the Report and contained in this Presentation has been reviewed and approved by Independent Qualified Person 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 "Qualified Person" as such term is defined in NI 43-101., The Technical Report is available on SEDAR at www.SEDAR.com under the Company's profile. 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 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 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 "Qualified Persons", 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.

Currency
Unless otherwise indicated, all dollar values herein are in Canadian $.	2

Highlights

Val-d'OrEast Project is One of the Top Undeveloped Projects in Canada

PRELIMINARY ECONOMIC ASSESSMENT SEPTEMBER 20211

• 12.5 Year Mine Life; Average production of 207,000 Gold Ounces per year over the LOM, with over 231,000 Gold ounces per year in the first 8 years
• C$598M NPV5% & After-tax32.8% IRR at US$1,500 Gold Price
• Initial CAPEX C$353M & Sustaining Capital C$602M

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

• 1.8Moz In M&I and 2.3Moz in Inferred Category2
• Significant potential for resource growth and new discoveries

Exceeding our Goals

2,310

2,557

LARGE LANDHOLDINGS IN TOP MINING JURISDICTION

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

WELL-FUNDED WITH OVER $29M IN CASH & INVESTMENTS

	722		1,801
770	682	866
2016	2018	2020	2021

TEAM WITH TRACK RECORD OF DISCOVERIES AND DELIVERING			Inferred Resources (koz)		M&I Resources (koz)
SHAREHOLDER VALUE	Increased the gold resource by more than 5 times since

1. Preliminary Economic Assessment, Ausenco Engineering Canada Inc. - September 2021
2. Mineral Resources Statement, GoldMinds Geoservices - July 2021

acquiring the project in 2016

3

Project Located on Prolific Gold Mining Belt

ABITIBI	200M	30M
Greenstone	Au oz	Au oz
Belt	Produced	Reserves

World Class

Mining Belt

Abitibi

Greenstone

Over 200Moz of

Gold Produced

4

Strategic Land Position in a World Class Mining District

DISTRICT SCALE

One of the Largest

Landholdings in

Val-d'Or

GOOD

INFRASTRUCTURE

in a Mining Friendly

Jurisdiction

Four Past Producing Mine Trends on the Property

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