The following is my take on the PR.

There are a few facts to take into consideration.

1. Probe only has about $2M from a recent PP. Another $2M might be raised if PRB's share price exceeds $2 and warrants are forced to be excercised.

2. The Victory property is some 50+km east of the Double Eagle property of NOT and is quite "isolated" from PRB's other properties in the McFaulds area.

3. Diamond drillers and machines are very difficult to acquire and drilling costs in the McFaulds area will be relatively high because of its remote location.

4. NOT already has a number of drills close to PRB's claims adjacent to the Double Eagle property.

Therefore, it would be in PRB's best interest to convince NOT to drill their adjacent claims and permit PRB to drill other claim groups at the same time. Bigger bang for the buck! However, before NOT would enter into any sort of agreement with PRB, NOT would want to be absolutely certain that PRB's legal ownership of those claims is as advertised by PRB.

So, IMHO, PRB's PR provides investors with information on possible activity on one property, and at the same time definitive activity information on the other. As far as PRB is concerned, they hope that this announcement will trigger a rise in their SP to $2 so that they can force the excercise of the warrants.

That's my take as a geo. Any comments.

Respectfully submitted

geoprof