News

TORONTO, January 6, 2005 - Probe Mines Limited (TSX-V: PRB) http://www.probemines.com) is pleased to announce it has retained the services of AGORA Investor Relations Corp. ("AGORA") (http://www.agoracom.com) with support by Stockgroup Media Inc. (http://www.stockgroup.com) to provide investor relations, communications and marketing services, subject to regulatory approval. The objective of these agreements is two-fold. First, to create effective communication between Probe, it's shareholders and the investment community through a customized and monitored IR Hub hosted by AGORA. The Hub will allow both the Company and AGORA to communicate with all investors simultaneously, anytime and in real-time, while providing shareholders with equal access and complete transparency to all investor relations communications. The IR Hub will also provide one-click access to Probe's broker fact sheet, complete profile, most recent 5 press releases, e-mail list registration and an audio President's address. Effective immediately, shareholders can access the on-line discussion and information centre by going to http://www.agoracom.com and selecting "Probe Mines".

Second, to conduct an investor awareness and marketing program for the purposes of raising retail investor awareness and generating a large database of new shareholders over the next 12 months through Stockgroup's leading financial portals. Ranked amongst the top financial websites in North America, the Stockgroup websites currently serve over 50 million page views to over 750,000 unique users per month, each looking for new investment opportunities.

Pursuant to an agreement with AGORA, AGORA will provide investor relations and corporate communications services for an initial period of 3 months expiring on March 31, 2005, with a right to renew for a further nine months thereafter. AGORA will be paid a monthly fee of $2,000 and will be entitled to receive an option on up to a maximum of 100,000 shares. The options vest as to 25% every three months are exercisable at a price of $0.40 per share for a period equal to the lesser of 30 days after termination and five years. Stockgroup will be paid a monthly fee of $2,250. This agreement has been negotiated entirely at arm's length. AGORA is located in Toronto, Ontario, and Stockgroup is located in Vancouver, British Columbia.

For all future Probe Mines investor relations needs, investors are asked to visit http://www.agoracom.com and select the "Probe Mines" forum. Alternatively, investors are asked to e-mail all questions and correspondence to [email protected] where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

About AGORA Investor Relations Corp. http://www.agoracom.com

AGORA Investor Relations Corp. (AGORA) is North America's leading outsourced investor relations firm for small-cap companies. AGORA's exclusive IR Hub delivers two-way investor relations and communications that provides 100% transparency, accessibility and equality to all shareholders and interested parties.

AGORA has specialized in small-cap investor relations since 1997, has represented over 35 small-cap companies and is the exclusive provider of all content to the AOL Small Cap Channel.

About Stockgroup Media Inc.

Stockgroup is a leader at delivering results-oriented, online marketing solutions for public companies and owns and operates the StockHouse financial portals, http://www.stockhouse.com http://www.stockhouse.ca and http://www.smallcapcenter.com

Ranked amongst the top financial websites in North America, the StockHouse websites currently serve over 50 million page views monthly, to over 750,000 unique users, each looking for new investment opportunities. The StockHouse web sites offer financial news aggregated from hundreds of sources. Company snapshots include corporate profiles, stock quotes, charts, news releases and headlines on over 30,000 public companies, a sophisticated technical analysis, portfolio tracker, e-mail alerts and the popular financial message forums, The BullBoards(tm).

About Probe Mines

Probe Mines Limited is a base and precious metal exploration company with a portfolio of highly prospective mineral properties. Probe Mines recently announced commencement of a second phase diamond drill on its two new gold zones discovered in November at the Bristol Township Gold Project in Timmins Ontario. The two zones, which represent new and significant discoveries in the Timmins Camp, comprise an 11m intersection averaging 1.9g/t Au, including five sample s (5m) ranging between 2.71 and 4.15 g/t Au; and a six-meter intersection grading 2.4 g/t Au, with three samples containing between 5 and 6g/t Au (see Press Release of December 1, 2004). The gold zones lie less than two kilometers from, and along strike of, the Holmer Gold Deposit of Lakeshore Gold (TSX-V: LSG), which is reported to contain 724,000 inferred ounces of gold. Probe's gold zones share a number of geological similarities with it. In addition to the positive results from the Bristol Gold Project, Probe has recently identified three separate base metal-enriched horizons on the McFauld's Lake property, with a total potential strike length of more than 10km. As well, Probe Mines maintains a 5% net smelter royalty interest in claims covering part of Agnico-Eagle Mines Limited (TSX: AGE) Goldex Mine property in Val d'Or, Quebec, which is currently undergoing feasibility studies. Probe's shares trade on the TSX Venture Exchange under the symbol PRB.

Dr. David Palmer, P.Geo. is the qualified person for all technical information in this release.

To find out more about Probe Mines Limited (TSX-V: PRB), visit our website at www.probemines.com or contact:
David Palmer
President, Probe Mines Limited
Tel: 416-777-6703
Fax: 416-777-6705
[email protected]
Harry J. Hodge
Director, Probe Mines Limited
Tel: 416-363-4376
Fax: 416-363-4606
[email protected]
AGORA Investor Relations
http://www.agoracom.com
(Select "Probe Mines")
[email protected]

CAUTIONARY STATEMENT

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Probe, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially form those anticipated in such statements. Important factors that could cause actual results to differ materially from Probe's expectations are exploration risks detailed herein and from time to time in the filings made by Probe with securities regulators.