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Probe Mines Announces Significant Improvement and Expansion of the Borden Lake Gold Zone: 44% Increase in Global Resource Estimate and New Pit-Constrained and High-Grade Resource Estimates

TORONTO, ONTARIO--(Marketwire - April 2, 2012) - Probe Mines Limited (TSX VENTURE:PRB) -

Highlights:

• Borden Lake gold zone estimated to contain a Global Indicated Resource of 4,051,000 ounces of gold averaging 0.71 g/t gold and an additional Inferred Resource of 1,796,000 ounces of gold averaging 0.62 g/t gold, at a 0.3 g/t cut-off grade;

• Borden Lake gold zone estimated to contain a Pit Constrained Indicated Resource of 2,735,000 ounces of gold averaging 1.04 g/t gold and an additional Inferred Resource of 683,000 ounces of gold averaging 0.93 g/t gold, at a 0.6 g/t cut-off grade;

• Borden Lake gold zone estimated to contain a distinct, higher-grade zone with an Indicated Resource of 1,498,000 ounces of gold averaging 1.46 g/t gold and an additional Inferred Resource of 407,000 ounces of gold averaging 1.30 g/t gold, at a 1.0 g/t cut-off grade;

• Increase of 1228% in the Indicated category from the Initial Global Resource Estimate, from 305,000 ounces to 4,051,000 ounces of gold, at a 0.3 g/t cut-off grade. Indicated average grades consistently higher as compared to Inferred average grades;

• Overall increase of 44% in total contained ounces of gold from the Initial Global Resource Estimate, at a 0.3 g/t cut-off grade;

• The Borden Lake zone also contains a resource of 3,820,000 ounces of silver in the Indicated category, and 1,960,000 ounces of silver in the inferred category, at a 0.3 g/t gold cut-off grade.

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