Probe Metals Inc. provided the first set of results from the 2022 drill program on its 100%-owned Val-d'Or East Monique property (the Property) located near Val-d'Or, Quebec. Results from twenty-eight (28) holes from the 2022 resource drilling program returned significant gold intercepts within and surrounding the conceptual pits from the 2021 Preliminary Economic Assessment (PEA) report. The Company is also pleased to report that the 2022 resource drilling program is progressing very well with almost half of the 150,000-metre program completed in the first four months of the year.

Results from over 165 holes drilled since the beginning of 2022 at Monique are still pending, and will be released as they are received. Expansion drilling - Sixteen (16) of the twenty-eight (28) holes released are from the expansion drilling program and were designed to test the extension of the A, G, I, J, L, P, Q and S zones laterally and from surface to 400 metres depth. All of these expansion drilling holes intersected the gold structures as predicted by 3D model in and around the 2021 conceptual pits.

Infill drilling - Eleven (11) infill holes designed to test the continuity of B, G, J, L and M zones inside the conceptual pits between surface to 300 metres depth successfully intersected gold mineralization and confirmed the current block model with respect to grades and thicknesses. The Monique Gold Trend deposits are all open along strike and at depth. All intercepts listed in news release will be included in an updated resource for the Val-d'Or East project, which will form the basis of the prefeasibility study (PFS) expected to be completed in 2023.

About the Monique Property: The Monique property is located 25 km east of Val-d'Or, in Quebec, and consists of 21 claims and one mining lease covering a total area of 5.5 square kilometres in Louvicourt township. The property hosts a current measured and indicated mineral resource of 13,619,000 tonnes at a grade of 1.54 g/t for 672,800 ounces of gold and inferred mineral resource of 11,733,000 tonnes at a grade of 1.78 g/t for 671,400 ounces of gold (source: Probe Metals NI 43-101 Technical Report Val-d'Or East Project – June 2021). The Property is part of the Company's Val-d'Or East Project and the consolidated land package stands at 436 square kilometres.

Val-d'Or East is situated in a politically stable and low-cost mining environment that hosts numerous active producers and mills. Geology: Gold mineralization on the Monique property is mainly associated with three deformation zones that cross the property with an orientation of 280° and a 75°- 80° dip to the north. Gold mineralization is defined by a network of quartz/tourmaline/carbonate veins and veinlets with disseminated sulphides in the altered wall rocks.

A total of 16 parallel gold zones have been discovered on the property, to-date. Some mineralized zones have been defined from surface to a depth of 600 metres and vary in width from 1 metre to up to 100 metres. Mineralized structures extend laterally up to 900 metres.

Past Production; The Monique open pit mine began commercial production in 2013 and ceased production at the end of January 2015. A total of 0.58 Mt of mineralized material was extracted at a grade of 2.53 g/t Au, from the surface to 100 metres depth for a total of 45,694 ounces of gold. Qualified Person: The scientific and technical content of this press release has been reviewed, prepared and approved by Mr. Marco Gagnon, P.Geo, who is a "Qualified Person" within the meaning of NI 43-101, annalyses were completed by fire-assays with an atomic absorption finish on 50 grams of materials.

Repeats were carried out by fire-assay followed by gravimetric testing on each sample containing 3.0 g/t gold or more. Total gold analyses (Metallic Sieve) were carried out on the samples which presented a great variation of their gold contents or the presence of visible gold.