Probe Gold Announces $15 Million Bought Deal Private Placement

Toronto, Ontario–(Newsfile Corp. – May 30, 2024) – Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company“), is pleased to announce it has entered into an agreement with Beacon Securities Limited (“Beacon“) and Canaccord Genuity Corp. (together with Beacon, the “Co-Lead Underwriters“), on behalf of a syndicate of underwriters (together with the Co-Lead Underwriters, the “Underwriters“), in connection with an underwritten private placement offering of 2,067,000 non-flow through common shares (the “NFT Shares“) of the Company at a price of $1.21 per NFT Share (the “NFT Issue Price“) for gross proceeds to the Company of $2,501,070 and (the “NFT Offering“); and (ii) 6,314,000 common shares that will qualify as “flow-through shares” within the meaning of the Income Tax Act (Canada) (the “FT Shares” and, together with the NFT Shares, the “Offered Securities“) of the Company at a price of $1.98 per FT Share (the “FT Issue…