News

TORONTO, June 14 - Probe Mines Limited (TSX-V: PRB) (http://www.probemines.com) is pleased to announce that a drilling contract has been signed with Norex Drilling of Porcupine, Ontario for Probe's base metal VMS Victory Project in the James Bay Lowlands of Ontario. Field-crews will begin mobilizing within the next two to three weeks to commence ground geophysical surveys that will more accurately locate and define the 23 airborne conductors identified in the recently-flown GETOEMâ survey, with drilling to follow immediately behind. This program represents the first drilling to be conducted within the 80km long Victory volcanic belt, and will test 12 of the 23 priority conductors in twelve holes totaling approximately 2000m.

The Victory Project represents a rare opportunity for a junior exploration company, encompassing a new and unexplored greenstone belt associated with an area of recent Cu-rich base metal VMS discoveries. Probe mines maintains 100% ownership of 489 claims (19,500 acres), acquired by staking immediately behind the first airborne electromagnetic survey of the belt. The survey identified 23, strong, finite airborne electromagnetic (EM) conductors with a high potential for hosting base metal sulphide mineralization similar to that intersected in the adjacent McFaulds Lake volcanics.

The new "Victory Project", named for the "V"- shaped magnetic outline of the belt (http://www.agoracom.com/images/probevictory.gif), is an extremely significant acquisition with excellent potential for multiple base and precious metals ore deposits. VMS deposits typically occur in clusters at one or more lithological horizons and can be very rich in copper, zinc, gold and silver. For example, the Noranda mining camp has produced 2.4 million tons of copper, 1.9 million tons of zinc, 14.1 million ounces of gold and 94.4 million ounces of silver from 20 base metal mines encompassing an area 75% the size of the area covered by the Victory belt, while the McFauld's Lake discoveries include drill intersections of up to 19m grading 8.08% copper.

Probe Mines Limited is a well-funded base and precious metal exploration company with a portfolio of highly prospective mineral properties. Probe has identified three separate base metal-enriched horizons on its McFauld's Lake property, while gold mineralization has been discovered on its Bristol Township property in the new West Timmins gold camp. 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 final feasibility studies. Probe'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 (TSX-V: PRB), visit our website at www.probemines.com or contact:

David Palmer
President, Probe Mines Limited
Tel: 416-777-6703, Fax: (6705)
[email protected]
Harry J. Hodge
Director, Probe Mines Limited
Tel: 416-363-4376, Fax: (4606)
[email protected]
Agora Investor Relations
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.