Probe Mines Limited

Probe Mines Limited

August 29, 2007 14:40 ET

Probe Mines Limited Reports on Property Adjacent to Noront's Copper Discovery in the James Bay Lowlands and Recent Increase in Trading Activity

TORONTO, ONTARIO--(Marketwire - Aug. 29, 2007) - The Directors of Probe Mines Limited (TSX VENTURE:PRB) wish to comment on the increase in trading volume that has occurred in the company's shares over the past two days.

Probe holds 100% interest in 12 mineral claims adjacent to and partly surrounding claims (The Condor/Greenstone Option) held by Noront Resources Ltd., in the James Bay Lowlands area. Noront today released information that its recent diamond drilling had discovered visible copper mineralization in two holes (See Noront News Release dated 08/29/2007).

The company believes that this new discovery and Probe's significant holdings located directly adjacent to and surrounding Noront's claims have prompted the increased trading activity in Probe's own shares.

Probe is currently reviewing available information on its claims and on other properties in the area and anticipates initiating an exploration program in the near future.

Forward-Looking Statements

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release 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. Important factors that could cause actual results to differ materially from Probe's expectations are exploration risks detailed herein and from time to time in the filings made by Probe with securities regulators.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Probe Mines Limited
    David Palmer, Ph.D.
    (416) 777-6703
    Probe Mines Limited
    Harry J. Hodge, P.Eng.
    (416) 363-4376
    Probe Mines Limited
    Karen Willoughby
    Investor Relations