News

Toronto, December 15, 2003 -- The Directors of Probe Mines Limited (YPB:TSX-V) are pleased to announce that Dr. David Palmer has been appointed President of the Corporation.

Dr. Palmer has 15 years of Canadian and international experience as a mining exploration geologist. He has managed projects and conducted research for major international mining companies in South America, South Africa, India, Greenland and Scandinavia, as well as working extensively throughout Canada. His work has covered a broad range of mineral commodities including gold, base metals, diamonds, platinum group metals, and copper and nickel deposits.

Dr. Palmer holds M.Sc. and Ph.D degrees from McGill University and is a member of the Professional Geoscientist Association of Ontario. He has published in journals such as Economic Geology and Chemical Geology. He is well qualified to lead Probe Mines on its mission to build a viable and successful exploration and mining company.

Harry J. Hodge, P.Eng., Probe Mines' past president, remains on the Board and will continue to provide his knowledge and experience to the Company.

Probe Mines is a newly reorganized, publicly traded, exploration company with a long history in the minerals industry and is currently generating and acquiring gold and base metal projects in Canada. The most recent acquisition is the 100% owned Bristol gold property in the Timmins Mining Camp (Press Release 2003-07) situated between the Holmer Gold deposit and Tom Exploration's recent gold discovery.

Probe Mines is seen as a dynamic exploration company with the technical expertise and financial resources needed to build a successful mining company for its shareholders. Probe Mines' management is poised to take advantage of the many opportunities available in the current resurgent mining industry and looks forward to an active and exciting future.

For further information please contact:

David Palmer
Tel: 416-363-3035
Fax: 416-352-5693
Harry J. Hodge
Tel: 416-363-4376
Fax: 416-363-4606

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.