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Probe Mines Reports Additional High-Grade Gold Intersections on its Borden Gold Project, Ontario

TORONTO, ONTARIO -- (Marketwired) -- 01/07/14 -- Probe Mines Limited (TSX VENTURE: PRB) -

Highlights:

- Infill drilling within High-Grade Zone ("HGZ") returns  numerous thick,
high-grade, gold intercepts:
     - 42.0 metres averaging 4.9 g/t gold (Section 1600mSE);
       Including 13.9 metres grading 12.9 g/t gold
       Including 8.8 metres grading 17.2 g/t gold;
     - 37 metres averaging 4.3 g/t gold (Section 1650mSE);
       Including 23.2 metres grading 6.3 g/t gold
       Including 12.7 metres grading 9.9 g/t gold;
     - 16.1 metres averaging 8.2 g/t gold (Section 1750mSE);
       Including 4.0 metres grading 15.0 g/t gold;
     - 17.5 metres averaging 6.6 g/t gold (Section 1950mSE)
       Including 8.3 metres grading 11.0 g/t gold;
     - 35.0 metres averaging 4.0 g/t gold (Section 2000mSE);
       Including 20.0 metres grading 6.5 g/t gold

- Infill drilling program in potential open pit zone returns significant
intersections of above average grade material which will enhance bulk
tonnage Resource:
     - 37.1 metres averaging 1.3 g/t gold (Section 50mSE)
       Including 12.0 metres grading 2.3 g/t gold;
     - 30.0 metres averaging 1.5 g/t gold (Section 500mSE)
       Including 3.9 metres grading 4.1 g/t gold;
     - 20.7 metres averaging 1.8 g/t gold (Section 550mSE);
       Including 8.0 metres grading 2.7 g/t gold

Probe Mines Limited (TSX VENTURE: PRB) ("Probe" or the "Company") is pleased to announce that it has received the remainder of the assays from its 2013 drilling program for the Company's Borden Gold project near Chapleau, Ontario. Results for 50 diamond drill holes, BL13-518 to BL13-567, were received and were successful in demonstrating the remarkable continuity and consistency of the high-grade gold mineralization, as well as enhancing the potential open pit gold mineralization in the northwest. The results represent the remaining assays for the 2013 drill program at Borden Gold. Drilling production exceeded expectations with 218 holes drilled totaling 83,899 metres for the year.

The 2013 drill program was the most successful to date for the Borden Project with the discovery of the High-Grade Zone ("HGZ"), its expansion to over one kilometer of strike length, which remains open in the southeast direction, and the continued grade improvement of the potential open pit mineralized zone to the northwest. 2013 was a milestone year for the project with Borden evolving into a robust, high-grade, gold deposit with the potential to become a less capital intensive project that is also less sensitive to fluctuations in gold price. Notably, 2013 was the Company's highest production year, in terms of drilling, but it was also the lowest in terms of per unit costs, helping to insure a strong treasury for 2014.

Drill crews are mobilizing today to commence the 2014 drilling program at Borden, which will be supported by four drills. The program will be focused on the HGZ, and particularly its expansion along strike. Weather conditions appear favourable for a successful winter program.

High-Grade Zone

Results from the twenty-three (23) infill drill holes in the high-grade gold zone were received and continue to show significant intersections of thick, high-grade gold mineralization. Of particular significance are results from Section 2000mSE, the furthest section southeast, which show robust gold mineralization and indicate the potential for continued expansion. Hole BL13-554, collared on Section 2000mSE, returned an interval of 35 metres grading 4.0 g/t gold ("Au"), including 20 metres of 6.5 g/t Au. Fifty metres away, on Section 1950mSE, drilling returned an interval of 17.5 metres averaging 6.6 g/t Au, including 8.3 metres of 11.0 g/t Au in hole BL13-567.

Other highlights from between Sections 1050mSE and 2000mSE, representing 950 metres of strike length, show consistent high-grade gold mineralization such as 42 metres of 4.9 g/t Au, including 13.9 metres averaging 12.9 g/t Au in Hole BL13-562 (Section 1600mSE); 37.0 metres grading 4.3 g/t Au, including 12.7 metres of 9.9 g/t Au in hole BL13-558 (Section 1650mSE); 16.1 metres grading 8.2 g/t Au in hole BL13-556 (Section 1750mSE) and 29.4 metres averaging 2.4 g/t Au, including 5.0 metres of 3.7 g/t Au and 3.9 metres of 4.4 g/t Au in hole BL13-544 (Section 1050mSE).

Owing to the success of the infill program, further infill work is anticipated during the 2014 drill program, following the expansion drilling.

The following table shows selected drill results for the HGZ, with all intervals approximating true width. Drilling also includes the shallow and deep holes necessary to bracket the gold mineralized structure in order to more accurately define its boundaries. Depths of the mineralized zones are between 320 and 590 metres vertical depth. Updated plan and section maps for all holes are available on the Company's website at http://www.probemines.com:

                        High-Grade Zone Drill Results

----------------------------------------------------------------------------
                                    From          To       Width          Au
DDH                  Section         (m)         (m)         (m)       (g/t)
----------------------------------------------------------------------------
BL13-538             1000mSE       335.6         366        30.4         1.3
----------------------------------------------------------------------------
BL13-544             1050mSE       344.6         374        29.4         2.4
----------------------------------------------------------------------------
                   including         350         353         3.0         4.2
----------------------------------------------------------------------------
              also including         360         365         5.0         3.7
----------------------------------------------------------------------------
              also including       369.1         373         3.9         4.4
----------------------------------------------------------------------------
BL13-547             1100mSE         341         368        27.0         1.1
----------------------------------------------------------------------------
BL13-548             2000mSE         480       493.2        13.2         1.4
----------------------------------------------------------------------------
                   including       489.7       493.2         3.5         3.5
----------------------------------------------------------------------------
BL13-549             1700mSE         449       453.6         4.6         8.2
----------------------------------------------------------------------------
                   including       452.6       453.6         1.0        29.0
----------------------------------------------------------------------------
BL13-550             1800mSE       452.9       462.8         9.9         6.6
----------------------------------------------------------------------------
                   including         456       458.3         2.3        16.4
----------------------------------------------------------------------------
BL13-550                             502       510.2         8.2         1.4
----------------------------------------------------------------------------
BL13-551             1900mSE       450.1         487        36.9         1.9
----------------------------------------------------------------------------
                   including       465.7       481.1        15.4         3.3
----------------------------------------------------------------------------
BL13-552             1750mSE       459.4       464.8         5.4         5.7
----------------------------------------------------------------------------
BL13-553             1800mSE       464.2       468.5         4.3         5.4
----------------------------------------------------------------------------
BL13-553                           475.9       485.8         9.9         4.4
----------------------------------------------------------------------------
                   including         479         481         2.0        11.2
----------------------------------------------------------------------------
BL13-554             2000mSE         514         549        35.0         4.0
----------------------------------------------------------------------------
                   including         524         544        20.0         6.5
----------------------------------------------------------------------------
BL13-555             2000mSE       476.4       500.6        24.2         1.0
----------------------------------------------------------------------------
                   including       491.9       494.8         2.9         2.8
----------------------------------------------------------------------------
BL13-556             1750mSE       450.9         467        16.1         8.2
----------------------------------------------------------------------------
                   including         458         462         4.0        15.0
----------------------------------------------------------------------------
BL13-557             1850mSE         463       487.2        24.2         3.8
----------------------------------------------------------------------------
                   including       471.3         486        14.7         5.1
----------------------------------------------------------------------------
                   including         481       483.8         2.8        17.1
----------------------------------------------------------------------------
BL13-558             1650mSE         394         431        37.0         4.3
----------------------------------------------------------------------------
                   including       402.5       425.7        23.2         6.3
----------------------------------------------------------------------------
                   including         413       425.7        12.7         9.9
----------------------------------------------------------------------------
BL13-559             2000mSE         545       546.8         1.8         2.7
----------------------------------------------------------------------------
BL13-559                           555.9       559.5         3.6         1.7
----------------------------------------------------------------------------
BL13-560             1650mSE       412.7         417         4.3         5.9
----------------------------------------------------------------------------
BL13-561             1950mSE       517.5       524.8         7.3         1.2
----------------------------------------------------------------------------
BL13-562             1600mSE         382         424        42.0         4.9
----------------------------------------------------------------------------
                   including         395       408.9        13.9        12.9
----------------------------------------------------------------------------
                   including       397.2         406         8.8        17.2
----------------------------------------------------------------------------
BL13-563             1650mSE       425.4         438        12.6         1.3
----------------------------------------------------------------------------
BL13-564             2000mSE       584.4         600        15.6         3.8
----------------------------------------------------------------------------
                   including         590       597.3         7.3         5.5
----------------------------------------------------------------------------
BL13-565             1600mSE         391         410        19.0         1.0
----------------------------------------------------------------------------
BL13-566             2000mSE         485         492         7.0         1.8
----------------------------------------------------------------------------
BL13-566(i)                          623         636        13.0         1.7
----------------------------------------------------------------------------
BL13-567(ii)         1950mSE       484.8       502.3        17.5         6.6
----------------------------------------------------------------------------
                   including         494       502.3         8.3        11.0
----------------------------------------------------------------------------
(i)Hole BL13-566 was stopped while still in the mineralized zone and needs
to be extended
(ii)Hole BL13-567 was lost in mineralization and will need to be re-drilled

General Infill Drilling

A total of twenty-seven (27) holes were drilled to further improve grade in the potential open pit mineralization to the northwest of the HGZ, with most showing enhancement of gold grades over previous drilling.

The program was successful with most of the holes demonstrating improvement within the test areas and/or support of the consistency and continuity in mineralization. Holes that returned weaker results typically fall in the periphery of the mineralized zone and were designed to test the limits of mineralization. Highlights of the drilling include 12.0 metres averaging 2.3 g/t Au within a broader envelope of 37.1 metres grading 1.3 g/t Au in Hole BL13-526 (Section 50mSE); 17.4 metres grading 1.8 g/t Au, including 3.0 metres averaging 6.2 g/t and a second interval of 18.0 metres grading 2.0 g/t Au both in Hole BL13-541 (Section 400mSE); 30 metres averaging 1.5 g/t Au, including 3.9 metres of 4.1 g/t Au in Hole BL13-543 (Section 500mSE); and 20.7 metres averaging 1.8 g/t Au, including 8.0 metres of 2.7 g/t Au in Hole BL13-546 (Section 550mSE).

It is expected that very little work remains on the general infill program and that future programs will focus primarily on the HGZ expansion and infill drilling. The drill results obtained on the general infill program since the last announced Resource Estimate (see news release dated January 15, 2013) are expected to improve future resource estimates for this area in terms of grade and total ounces of gold.

The following table shows selected results from the infill drilling, with all intervals approximating true width. Depths of the mineralized zones are between 180 and 430 metres vertical depth:

                        General Infill Drill Results

----------------------------------------------------------------------------
                                    From          To       Width          Au
DDH                  Section         (m)         (m)         (m)       (g/t)
----------------------------------------------------------------------------
BL13-518              800mSE         395       402.5         7.5         1.2
----------------------------------------------------------------------------
BL13-518                             428         434         6.0         2.3
----------------------------------------------------------------------------
BL13-519              150mSE         ---         ---         ---         NSA
----------------------------------------------------------------------------
BL13-520              150mSE         216       264.8        48.8         1.0
----------------------------------------------------------------------------
                   including       237.5       240.5         3.0         2.9
----------------------------------------------------------------------------
BL13-521               50mNW          82         100        18.0         0.8
----------------------------------------------------------------------------
BL13-522              350mNW         ---         ---         ---         NSA
----------------------------------------------------------------------------
BL13-523               50mSE         182         222        40.0         1.0
----------------------------------------------------------------------------
                   including       186.3       195.7         9.4         1.5
----------------------------------------------------------------------------
              also including         218         222         4.0         2.1
----------------------------------------------------------------------------
BL13-524              800mSE         314         336        22.0         1.4
----------------------------------------------------------------------------
BL13-524                             370         414        44.0         1.0
----------------------------------------------------------------------------
                   including       371.8         377         5.2         3.0
----------------------------------------------------------------------------
BL13-525              400mNW       290.5       294.1         3.6         2.7
----------------------------------------------------------------------------
BL13-526               50mSE       203.1       240.2        37.1         1.3
----------------------------------------------------------------------------
                   including         206         218        12.0         2.3
----------------------------------------------------------------------------
BL13-527              800mSE         374       390.2        16.2         1.1
----------------------------------------------------------------------------
BL13-528              350mSE         217       231.8        14.8         1.5
----------------------------------------------------------------------------
                   including       222.6         231         8.4         2.2
----------------------------------------------------------------------------
BL13-528                             246         263        17.0         1.0
----------------------------------------------------------------------------
BL13-529      0m (Discovery)         189         233        44.0         1.1
----------------------------------------------------------------------------
                   including       191.1         208        16.9         1.7
----------------------------------------------------------------------------
BL13-530              850mSE         311         312         1.0        25.8
----------------------------------------------------------------------------
BL13-530                           331.1         337         5.9         1.0
----------------------------------------------------------------------------
BL13-530                             363         365         2.0         2.0
----------------------------------------------------------------------------
BL13-530                             373         378         5.0         1.1
----------------------------------------------------------------------------
BL13-531              400mSE       260.6       283.3        22.7         1.4
----------------------------------------------------------------------------
                   including         270         273         3.0         3.3
----------------------------------------------------------------------------
BL13-531                             292         303        11.0         1.3
----------------------------------------------------------------------------
BL13-532              900mSE       358.7       378.6        19.9         1.0
----------------------------------------------------------------------------
                   including         373       378.6         5.6         1.7
----------------------------------------------------------------------------
BL13-533              550mSE       249.2         254         4.8         2.6
----------------------------------------------------------------------------
BL13-533                             261         270         9.0         1.0
----------------------------------------------------------------------------
BL13-533                           294.8         299         4.2         4.5
----------------------------------------------------------------------------
BL13-533                           307.3       346.4        39.1         1.4
----------------------------------------------------------------------------
                   including         310       312.8         2.8         5.1
----------------------------------------------------------------------------
              also including       321.8         326         4.2         2.4
----------------------------------------------------------------------------
BL13-534               50mNW         205         210         5.0         2.0
----------------------------------------------------------------------------
BL13-534                           241.7         258        16.3         1.0
----------------------------------------------------------------------------
BL13-535              950mSE       324.7         337        12.3         2.2
----------------------------------------------------------------------------
                   including         326       329.6         3.6         5.0
----------------------------------------------------------------------------
BL13-535                             350       365.6        15.6         1.0
----------------------------------------------------------------------------
BL13-536              600mSE         208         220        12.0         2.1
----------------------------------------------------------------------------
BL13-537               50mNW         ---         ---         ---         NSA
----------------------------------------------------------------------------
BL13-539              500mSE       234.8       251.8        17.0         2.1
----------------------------------------------------------------------------
                   including         237       238.9         1.9         9.4
----------------------------------------------------------------------------
BL13-539                             263       284.5        21.5         1.5
----------------------------------------------------------------------------
                   including       264.5         269         4.5         2.5
----------------------------------------------------------------------------
BL13-540              900mSE       415.2         429        13.8         1.0
----------------------------------------------------------------------------
BL13-541              400mSE       209.6         227        17.4         1.8
----------------------------------------------------------------------------
                   including         214         217         3.0         6.2
----------------------------------------------------------------------------
BL13-541                             243         261        18.0         2.0
----------------------------------------------------------------------------
                   including         245         246         1.0        22.5
----------------------------------------------------------------------------
BL13-542              500mSE       430.2       435.4         5.2         1.1
----------------------------------------------------------------------------
BL13-543              500mSE         353         383        30.0         1.5
----------------------------------------------------------------------------
                   including       354.1         358         3.9         4.1
----------------------------------------------------------------------------
BL13-545              550mSE       403.4       416.3        12.9         1.3
----------------------------------------------------------------------------
                   including       413.4       416.3         2.9         3.4
----------------------------------------------------------------------------
BL13-546              550mSE         353       373.7        20.7         1.8
----------------------------------------------------------------------------
                   including         363         371         8.0         2.7
----------------------------------------------------------------------------
(i)NSA - no significant assays

Dr. David Palmer, President and CEO of Probe, comments "2013 was a great year for the project, with continued improvement in the deposit through the delineation of an extremely robust high-grade zone; increasing efficiency with lower costs, keeping us strong in weak markets; and the potential of continued expansion and discovery, all suggesting a promising year ahead for 2014. We are encouraged by the current results and feel they support an optimistic outlook for the upcoming exploration programs. We thank all of our investors for their past and continued support as we look forward to the start of another year on the project. We are confident that the high standard of quality achieved through the efficiency and diligence displayed by our geologists, technical staff, consultants and drill contractor will produce another banner year for the Company."

Probe has instituted a strict quality assurance and quality control ("QA-QC") program for the Borden Gold drill core sampling, with each fire assay furnace batch of 40 samples including two certified reference materials (standards), one blank sample and one core duplicate sample. Quality control guidelines and ongoing QAQC monitoring are being carried out by Probe personnel.

About Probe Mines:

Probe Mines Limited is a Canadian precious metals exploration company whose key asset is the Borden Gold Zone in Ontario, Canada. As of October 31, 2013, the Company is well-positioned with approximately $33.4 million in treasury. The Company is actively exploring a significant new gold resource on its Borden Gold Zone near Chapleau, Ontario and has 100% interest in the Black Creek chromite deposit located in Northern Ontario. The Company's shares trade on the TSX Venture Exchange under the symbol PRB.

David Palmer, Ph.D., P.Geo., is the qualified person for all technical information in this release. To find out more about Probe Mines Limited, visit our website at www.probemines.com.

On behalf of Probe Mines Limited,

Dr. David Palmer, President & Chief Executive Officer

Forward-Looking Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

Shares Issued: 75,684,727

Contacts:
Probe Mines Limited
Karen Willoughby
Director of Corporate Communications
(866) 936-6766
[email protected]

Probe Mines Limited
Patrick Langlois
Vice President, Corporate Development
(416) 777-6703
[email protected]
www.probemines.com

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