Probe Gold Inc. announced a bought-deal private placement offering of 2,067,000 non flow-through common shares at an issue price of CAD 1.21 per non-flow-through share for gross proceeds of CAD 2,501,070 and 6,314,000 common shares that will qualify as flow-through shares at an issue price of CAD 1.98 per flow-through share for gross proceeds of CAD 12,501,720; aggregate gross proceeds of CAD 15,002,790 on May 30, 2024. The Offering is expected to close on or about June 19, 2024 and is subject to the Company receiving all necessary regulatory approvals. The Offered Securities will be offered by way of private placement pursuant to applicable exemptions from prospectus requirements in each of the provinces of Canada, in the United States pursuant to private placement exemptions, and in such other jurisdictions as may be mutually agreed between the Company and the Co-Lead Underwriters.

The securities issued under the Offering will be subject to a four month hold period under applicable Canadian securities laws.