Probe Mines Limited Canadian Base and Precious Metal Exploration

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Probe Mines LimitedCanadian Base and Precious
Metal Exploration
Annual General Meeting 2008
Celebrating 75 Years in the Mining Industry

• TSX.V PRB

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Cautionary Notes

• Disclaimer
• This presentation contains a review of the
  Companys 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.

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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
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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

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Corporate Highlights

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

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Projects
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Bristol Township Project
Significant Land holdings Adjacent Lake Shore
Golds Holmer Gold Deposit (1,290,000 ozs Au)
Property Hosts Multiple Gold Occurrences
Continuing Exploration through Joint Venture
Agreement with West Timmins Mining
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Projects
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The Goldex Royalty
Probe Holds a 5 Net Smelter Royalty on a Portion
of Agnico-Eagles Goldex Deposit (1.6M ozs Au)
In progress
Located in the Prolific Val dOr Mining Camp
Production Officialy Commenced June 2008
Potential to Generate Significant Revenue for
Probe as mining moves towards royalty boundary
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Projects
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McFaulds Lake Area
Probe Controls Almost 15,000 Hectares in the
McFaulds 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 McFaulds West and Nickel
on Victory 2008
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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
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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
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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
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McFaulds Lake West
Along the Ni-Chromite trend
2008 Drilling identifies significant Pt-Pd-Au in
peridotite host
New Nickel Chromite Trend
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McFaulds Lake West
Regional Magnetics Indicate Anomalies on Property
Airborne Survey Completed
Winter Drilling Program To Commence In Jan/Feb
2008
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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
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Contact Information
David Palmer, Ph.D., P.Geo. President CEO (416)
777-6703 Karen Willoughby Director Corporate
Communications [phone] Head Office Suite
306, 2 Toronto Street Toronto, Ontario,
Canada M5C 2B6 Tel [phone] Fax (416)
777-6705 Email info_at_probemines.com Website
www.probemines.com

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