Probe Mines Limited

TSX VENTURE : PRB


Probe Mines Limited

September 03, 2014 06:00 ET

Probe Mines Adds John Haflidson as Senior Mining Advisor

TORONTO, ONTARIO--(Marketwired - Sept. 3, 2014) - PROBE MINES LIMITED (TSX VENTURE:PRB) ("Probe" or the "Company") is pleased to announce that John Haflidson has been retained as Senior Mining Advisor to work with the Company in developing the Borden Gold project. A mining engineer with over 35 years of experience in the mineral industry, John brings expertise in underground mine engineering, development and operations to the Probe team.

Mr. Haflidson brings his extensive experience in underground gold mining operations to the Company. He spent ten years as General Manager of Barrick's Holt-McDermott Mine, where he played a key role in mining a gold deposit with similar geometry to the Borden High Grade zone and, more recently, was involved in the construction of Lakeshore's Timmins West gold mine as well as contributing to the environmental permitting and re-activation of their Bell Creek mill and tailings pond. Mr. Haflidson also served as Project Manager for Cementation Canada Inc. on its $250 million Engineering, Procurement and Construction ("EPC") contract at Potash Corporation's $1.5 billion Picadilly project and contributed to winning a $90 million contract at Goldcorp's Hoyle Pond mine. He also participated in a number of capital projects, including feasibility work for Stornoway's Renard project, Xstrata's Onaping Depth project and Noront's McFaulds Lake project.

Mr. Haflidson is a Professional Engineer and holds a B.Sc. in Mining Engineering from Queens University of Kingston Ontario. He is a former Chairman of the Porcupine Mine Managers' Association and Director of the Ontario Mining Association.

Dr. Yves Dessureault, Chief Operating Officer of Probe, states, "We are very pleased to have a person of John's caliber join us, bringing a high level of skill and experience in underground gold mining operations to our team. John will contribute significantly to our development strategy and help us to achieve the aggressive timeline we are pursuing to advance the Borden Gold project." Probe continues to strengthen its operating team as its further advanced the Borden Gold project toward the completion of a Preliminary Economic Assessment ("PEA") later this year.

About Probe Mines:

Probe Mines Limited is a Canadian precious metals exploration company whose key asset is the Borden Gold project near Chapleau in Ontario, Canada. The Company is well-funded to continue advancing and growing a significant gold resource on its Borden Gold project. Probe controls a large land package along the Borden Belt representing over 400km2 of exploration ground. The Company also has a 100% interest in the Black Creek chromite deposit located in Northern Ontario.

On behalf of Probe Mines Limited,

Dr. David Palmer, President & Chief Executive Officer

Forward-Looking Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Shares Issued: 84,784,727

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