The TSX Venture Exchange has accepted for filing documentation pertaining to an option agreement dated Feb. 23, 2011, between Probe Mines Ltd. and two arm's-length parties. Pursuant to the agreement, the company shall have the option to acquire a 100-per-cent interest in a mineral property located in the township of Cochrane, Sudbury district, Ontario.

As consideration, the company must pay the optionors $20,000 and issue a total of 45,000 shares. The optionors will retain a 1-per-cent net smelter royalty, of which 50 per cent (or 0.5 per cent) can be purchased by the company by making a further payment of $500,000.