News

The Directors of PROBE MINES LIMITED. (TSXV: PRB) are pleased to announce that the TSX Venture exchange has approved Probe Mines transfer from a Tier 3 to a Tier 2 Company, effective January 5th, 2004. Probe's new stock symbol has changed from YPB to PRB.

This indicates the advancements made by Probe Mines in recent months, as the company prepares to become an aggressive player in the exploration/mining industry. Probe Mines Limited is a publicly traded company, whose goal is to create a successful exploration, development and mining company through technical expertise and efficient management. Probe employs a rigorous process in property selection, accepting only projects that meet our strict technical standards. We believe this strategy will result in the acquisition of high-quality properties, which will provide a maximum return on investment for shareholders. Recently we have acquired the Bristol Township property, situated between the Holmer gold deposit and the Bristol gold discovery of Tom Exploration, in the prolific Timmins mining camp.

Probe is poised to take advantage of the unlimited opportunities in the current minerals
industry and looks forward to an 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.