Probe Mines Limited
TSX VENTURE : PRB

Probe Mines Limited

September 12, 2011 15:40 ET

Probe Mines to Attend the Toronto Resource Investment Conference September 15-16 and the Denver Gold Forum September 18-21

TORONTO, ONTARIO--(Marketwire - Sept. 12, 2011) - Probe Mines Limited (TSX VENTURE:PRB) ("Probe" or the "Company") is pleased to announce that the Company is exhibiting at the Toronto Resource Investment Conference on September 15 and 16, 2011 and has been invited to attend the prestigious Denver Gold Forum September 18 – 21, 2011.

The Toronto Resource Investment Conference is a two-day event held at the Sheraton Toronto Centre, which features a world class line-up of speakers, exhibitors, and workshops focused on the mineral resource sector. Members of Probe's senior management team will be available at Booth 1413 to meet shareholders, potential investors, analysts, and brokers to discuss recent activities, including the recent NI 43-101 resource estimate on the Company's new multi-million ounce gold deposit at the Borden Lake Project.

Location:
Sheraton Toronto Centre
123 Queen Street West, Toronto, Ontario
Exhibit Hours:
Thursday, September 15: 11:00 am to 6:00 pm
Friday, September 16: 11:00 am to 6:00 pm

Probe's Chairman Patrick Reid and Director Dr. John Gammon will be representing the Company at the Denver Gold Forum, the world's premier precious metals investment gathering attended by major global fund and portfolio managers, institutional investors and analysts, in Colorado Springs the following week.

"The Borden Lake Project represents one of the most promising new gold discoveries in Ontario. The attention that this "Blank Canvas" discovery is beginning to generate is testament to its significant untapped potential," stated David Palmer, President of Probe. "As the Company focuses on upgrading the resource estimate and further defining satellite gold zones identified less than three kilometres along-trend northwest of the discovery zone, it will continue to make every effort to build investor awareness in this tremendous opportunity."

Probe controls over ten kilometres of strike length along the prospective Timiskaming-age metasediments in the Borden Lake Project and in less than nine months has identified a very significant volume of gold mineralization, including an Indicated Gold Resource of 0.3 million ounces (0.8 g/t Au) and an Inferred Gold Resource of 3.8 million ounces (0.7 g/t Au).

About Probe Mines:

Probe Mines Limited is a well financed, Canadian base and precious metal exploration company with approximately $23MM in treasury and a portfolio of highly prospective mineral properties. The Company is actively exploring a significant new gold discovery on its Borden Lake project near Chapleau, Ontario and owns 875 claims covering approximately 14,000 hectares in the McFauld's Lake area, including a 100% interest in the Black Creek chromite deposit. Probe is also exploring its Cree Lake gold project in Ontario's Swayze Belt, under option from Mantis Mineral Corp, and maintains a 5% net smelter royalty on a portion of Agnico Eagle's Goldex Mine near Val d'Or, Quebec, which began production in 2008. Probe also maintains a 45% interest in a joint venture property with Lake Shore Gold Corp, which surrounds Lake Shore's Timmins Mine project. The Company's shares trade on the TSX Venture Exchange under the symbol PRB.

David Palmer, Ph.D., P.Geo., is the qualified person for all technical information in this release. To find out more about Probe Mines Limited, visit our website at www.probemines.com.

Forward-Looking Statements

This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. 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. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

Shares Issued: 56,623,480

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.

Contact Information

  • Probe Mines Limited
    David Palmer
    President
    (416) 777-6703

    Probe Mines Limited
    Karen Willoughby
    Investor Relations
    (866) 936-6766
    www.probemines.com