Probe Resources Ltd.

Probe Resources Ltd.

July 14, 2011 17:42 ET

Probe Resources Announces Filing of Its August 31st, 2010 Year End Audited Financial Statements and MD&A

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 14, 2011) - Probe Resources Ltd. (TSX VENTURE:PBR) (the "Company" or "Probe") announces that it has filed its August 31, 2010 year end audited Financial Statements and Management Discussion and Analysis. These documents can be retrieved electronically from SEDAR (

The Company is in the process of completing and filing its interim quarterly financial statements and MDA. As a result of further technical review, the company will not pursue a completion of the East Cameron 246 wellbore and is continuing to review opportunities and strategic alternatives to maximize shareholder value.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Companies securities in the United States. The Companies securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "US Securities Act) or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Statements in this press release may contain forward-looking information which is subject to important risks and uncertainties, such forward-looking information includes expectations of future operations (including drill rig commitments and use of proceeds), commerciality of any hydrocarbon discovered, production rates, operating costs, commodity prices, administrative costs, commodity price risk, management activity, acquisitions and dispositions, capital spending, access to credit facilities, income and oil taxes, regulatory changes, relisting on the TSX Venture Exchange and other components of cash flow and earnings. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. These risks include, but are not limited to, the risks associated with the oil and gas industry, commodity prices, and exchange rate changes. Industry related risks could include, but are not limited to, operational risks in exploration, development and production, delays or changes in plans, risks associated with the uncertainty of reserve estimates, or reservoir performance, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. The reader is cautioned not to place undue reliance on this forward-looking information. 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, except as required by law.

The TSX Venture Exchange (or its Regulation Services Provider as that term is defined in the policies of the TSX Venture Exchange) have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.

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