Actually your report of PRB having only 2 million is in error:

As one can see there are clearly ample funds available with PRB to take on quite an extensive drilling program. In fact fuly exercised PRB would have about $10 million available without further dilution.

I don't think Dave Palmer is going to be caught underfunded again!

As of Jan 31 financial PRB had the following:

Current assets

Cash and cash equivalents (Note 8)

$ 4,047,256

$ 257,182

Sundry receivable and prepaid expenses

21,850

34,144

4,069,106

291,326

Subsequent to that they issued another PP:

On February 7, 2008, the Company closed a non-brokered private placement financing with the

MineralFields Group consisting of the sale of 2,666,666 Flow-Through Units at $0.75 per Unit for gross

proceeds of $2,000,000. Each Unit consisted of one flow-through common share and one-half of one

common share purchase warrant. Each whole common share purchase warrant entitles the holder to

acquire one common share for $1.50 until February 7, 2010 provided, however, that should Probe’s

shares close on the TSX Venture Exchange for a period of 20 consecutive trading days at a price of $2.00

per share or higher during the exercise period, the Company may accelerate the expiry time to 30

calendar days from the date express written notice is provided by the Company to the holder by way of

registered mail.

In addition to this if the share price were to increase there would potentially be another $4.5 million available from the forced exercise provision for the $1.50 wts plus the additional wts @ $1.00

A summary of changes in share purchase warrants is as follows:

Weighted

Average

Number of Exercise

Warrants Price

Balance, April 30, 2007 4,159,721 $ 1.00

Granted (Note 5(b)) 2,333,500 1.00

Expired (4,159,721) 1.00

Balance, January 31, 2008 2,333,500 $ 1.00

5 .

CAPITAL STOCK (Continued)

(d)

Share Purchase Warrants

9.

SUBSEQUENT EVENT

Assets