Dr. David Palmer reports

PROBE GOLD FILES NI 43-101 TECHNICAL REPORT FOR NOVADOR PROJECT

Probe Gold Inc., following the release of an updated mineral resource (MRE) update on July 19, 2023, has filed a National Instrument 43-101 technical report for the Novador project, entitled, "NI 43-101 Technical Report and Updated Mineral Resource Estimate for the Novador Project, Quebec," prepared by InnovExplo Inc., dated Sept. 1, 2023, with an effective date of July 13, 2023. The report is available for review on both SEDAR and the company's website.

Highlights:

• Gold mineral resources for the Val d'Or properties currently stand at 3,793,900 ounces measured and indicated (M&I) and 1,418,700 ounces inferred along all trends and deposits, representing a 28-per-cent increase from the 2021 mineral resource estimate;
• Novador project gold mineral resources, slated for development, currently stand at 3,793,900 ounces M&I and 1,179,400 ounces inferred along the Monique, Pascalis and Courvan gold trend deposits, representing a 30-per-cent increase from the 2021 mineral resource estimate;
• Gold mineral resources for other Val d'Or properties currently stand at 239,200 ounces inferred, including the Lapaska and Sleepy deposits;
• Significant mineral resources growth observed at the Monique deposit and strong conversion to M&I mineral resources seen at all three Monique, Pascalis and Courvan gold trend deposits;
• Increases of 28 per cent in total ounces and 72 per cent of ounces contained in pit-constrained mineral resources, with strong potential for future resource growth;
• The Novador mineral resource estimate demonstrates significant increase in M&I ounces, with 111-per-cent increase in overall M&I ounces;
• Novador Monique and Pascalis gold trend deposits represent 83 per cent of the pit-constrained mineral resource estimate.

The report was prepared by Marina Iund, PGeo, MSc, senior resources geologist, Vincent Nadeau-Benoit, PGeo, Martin Perron, PEng, Simon Boudreau, PEng, senior mine engineer, and Elisabeth Tremblay PGeo, MScA, senior geologist from InnovExplo Inc., each of whom is considered a qualified person as defined in National Instrument 43-101. The report supports the scientific and technical disclosure in the updated mineral resources contained in the company's news release dated July 19, 2023. The scientific and technical content of this news release has been reviewed, prepared and approved by Marco Gagnon, PGeo, executive vice-president of Probe, who is a qualified person under NI 43-101.

Probe's news release dated July 19, 2023 ("Probe Gold Increases Val-D'Or Mineral Resources To 3,793,900 Ounces Of Gold Measured & Indicated And 1,418,700 Ounces Inferred, Doubles Amount Of Measured And Indicated Mineral Resources"), summarized the resource estimate in detail.

About Probe's Novador project

Since 2016, Probe Gold has been consolidating its land position in the highly prospective Val d'Or East area in the province of Quebec with a district-scale land package of 600 square kilometres that represents one of the largest landholdings in the Val d'Or mining camp. The Novador project is a subset of properties totalling 175 square kilometres hosting three past-producing mines (Beliveau mine, Bussiere mine and Monique mine) and falls along three regional mine trends. Novador is situated in a politically stable and low-cost mining environment that hosts numerous active producers and mills.

Val d'Or properties include gold resources totalling 3,793,900 ounces in the measured and indicated category and 1,418,700 ounces in the inferred category along all trends and deposits.

About Probe Gold Inc.

Probe Gold is a leading Canadian gold exploration company focused on the acquisition, exploration and development of highly prospective gold properties. The company is well financed and dedicated to the exploration and development of high-quality gold projects, notably its 100-per-cent-owned flagship asset, the multimillion-ounce Novador gold project in Quebec. Probe controls a large land package of approximately 1,600 square kilometres of exploration ground within some of the most prolific gold belts in Quebec.

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