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Re:   News Releases - Thursday, June 07, 2012
      Probe Mines Appoints Gordon McCreary to its Board of Directors
      and Retains BBA to Commence PEA on its Borden Lake Gold Project
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Toronto, June 7, 2012 -- PROBE MINES LIMITED (TSX-V: PRB) ("Probe" or
the "Company") is pleased to announce that Mr. Gordon McCreary has been
appointed to the Board of Directors of Probe, subject to regulatory
approval.  Mr. McCreary is a mining engineer with over 40 years of
experience focused on the identification and advancement of projects
from exploration through to development and production. His knowledge
of both project development and the capital markets is a welcome
addition to Probe's Board and we are pleased to have him join the
Company as it advances the Borden Lake project towards potential
development. 

Mr. McCreary's skills and experience span a broad spectrum of the
mining industry, with the majority of his career spent in the precious
metals sector.  He was one of the founding officers of Kinross Gold
Corporation, and served in the role of Vice President, Corporate
Affairs from 1993 to 2004 as the company grew to be a top-ten global
gold producer.  Prior to this he served as President and CEO of Repadre
Capital Corp, a mineral royalty company which eventually merged with
IAMGOLD Corporation.  In addition to his direct work in the mining
industry, Mr. McCreary has also held numerous executive roles in the
financial sector, including Vice President of Dundee Bancorp, an
Investment Analyst with Corona Gold and a Mining Analyst with the
predecessor to UBS Canada. As President and CEO of Baffinland Iron
Mines Corporation, he was most recently responsible for the formation
and growth of Baffinland and the advancement of its Mary River Project
to the cusp of development prior to the company's takeover led by
ArcelorMittal in 2011. 

Mr. McCreary stated, "As I refocus my career back to the North American
precious metals industry, I am thrilled to join the Board of Probe to
offer my expertise to assist with the advancement of the Borden Lake
Gold Project, an exceptional precious metal discovery that has all the
attributes to become a significant gold producer."

As a Director, Mr. McCreary was granted options to acquire 200,000
common shares of Probe at an exercise price of $1.17 per share for a
period of five years.  

The Board is also pleased to announce that it has retained BBA as its
consultant to advance the Borden Lake Project through the Preliminary
Economic Assessment ("PEA") process.  BBA is a highly respected
consulting firm with strong experience in bulk tonnage, open-pit gold
deposits and was responsible for Feasibility-stage mine planning and
design of Osisko's Canadian Malartic Mine and Detour Gold's Detour Lake
Gold Mine, as well as undertaking a management role during
construction.  BBA has already completed its project review of Borden
Lake and has begun work on the PEA.  Concurrent with the preparation of
the PEA, BBA will also be supervising test work that will be integrated
into a Pre-Feasibility Study ("PFS") on the Borden Lake deposit,
including advanced metallurgy and geotechnical work.  By overlapping
the PEA and PFS processes, the Company hopes to reduce the timetable
for completion of the studies in order to maintain the aggressive pace
it has set.  The results of the PEA are expected before the end of
2012, with the PFS following in the first half of 2013. In addition to
the PEA and PFS mandate, BBA is also providing Probe with advisory
services on the project, including Metallurgical, Geotechnical,
Environmental, Permitting and Staffing.  This will allow Probe to
continue advancing the project towards development while it builds a
technical team to carry the project forward. 

Dr. David Palmer, President of Probe, states: "We are extremely pleased
to have Gordon join the Probe team.  His wealth of experience and
knowledge in project development and the capital markets will be
instrumental to the Company and make him a significant asset to the
Company as Borden Lake continues on its path towards a potential
development scenario.  His addition to the Board comes at a very
opportune time as BBA begins its economic and engineering assessment of
the project.  BBA's experience and reputation as an industry leader in
bulk tonnage gold deposits is a perfect fit with Probe and Borden Lake
and we appreciate their foresight and guidance throughout this process.
 We are very much looking forward to having Gordon on the Board and
working with BBA, and view these new relationships as a turning point
of the Company and the Borden Lake project."

About Borden Lake:
Borden Lake is the Company's flagship gold project located near
Chapleau, Ontario.  The projects represents a significant new gold
discovery in a previously unexplored part of Ontario and is
distinguished by: very well-developed infrastructure, being less than
one kilometer from a paved highway and the local power grid; a
consistent and well-zoned mineralized horizon; and an update NI
43-101Resource Estimate containing the majority of the gold resource in
the Indicated Category.  The deposit is estimated to contain a Global
Resource of 4,051,000 ounces Au averaging 0.71 g/t Au in the Indicated
Category and an additional Inferred Resource of  1,796,000 ounces of
gold averaging 0.62 g/t gold, at a 0.3 g/t cut-off grade.  Borden Lake
is also estimated to contain a pit-constrained Indicated Resource of
2,735,000 ounces of gold averaging 1.04 g/t gold and an additional
pit-constrained Inferred Resource of 683,000 ounces of gold averaging
0.93 g/t gold, at a 0.6 g/t cut-off grade.  Within the pit constrained
model, the deposit also hosts a persistent higher-grade core containing
an Indicated Resource of 1,497,000 ounces of gold averaging 1.46 g/t
gold and an additional Inferred Resource of  290,000 ounces of gold
averaging 1.31 g/t gold, at a 1.0 g/t cut-off grade.  This higher grade
core is expected to play an important role in the economic analyses of
the project, which are currently underway. 
 
About BBA:
BBA is a Canadian consulting engineering firm. It offers advanced
engineering expertise with a focus on the energy, mining and metals,
oil, gas and chemicals sectors. BBA has carved out a niche market in
the engineering industry thanks to its unique delivery of integrated
services, including consulting services to executives, technical
expertise in operations and commissioning. The company is headquartered
in Mont-Saint-Hilaire and operates locations in Brossard, Labrador
City, Montr�al, Qu�bec City, Timmins, Toronto and Vancouver. www.bba.ca
 

About Probe Mines:
Probe Mines Limited is a well financed, Canadian base and precious
metal exploration company with approximately $33MM in treasury and a
portfolio of highly prospective mineral properties.  The Company is
actively exploring a significant new gold resource on its Borden Lake
project near Chapleau, Ontario and owns 875 claims covering
approximately 14,000 hectares in the McFauld's Lake area, including a
100% interest in the Black Creek chromite deposit.  Probe also
maintains a 5% net smelter royalty on a portion of Agnico Eagle's
Goldex Mine near Val d'Or, Quebec, where production was suspended in
October 2011, and a 45% interest in a joint venture property with Lake
Shore Gold Corp, which surrounds Lake Shore's Timmins Mine project.
The Company'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, visit our website at www.probemines.com, or contact:

David Palmer  
President   
Tel: (416) 777-6703  

Karen Willoughby
Investor Relations
Tel:  (866) 936-6766

Forward-Looking Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
This News Release includes certain "forward-looking statements". 
These statements are based on information currently available to the
Company and the Company provides no assurance that actual results will
meet management's expectations. Forward-looking statements include
estimates and statements that describe the Company's future plans,
objectives or goals, including words to the effect that the Company or
management expects a stated condition or result to occur.
Forward-looking statements may be identified by such terms as
"believes", "anticipates", "expects", "estimates", "may", "could",
"would", "will", or "plan". Since forward-looking statements are based
on assumptions and address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Actual results
relating to, among other things, results of exploration, project
development, reclamation and capital costs of the Company's mineral
properties, and the Company's financial condition and prospects, could
differ materially from those currently anticipated in such statements
for many reasons such as: changes in general economic conditions and
conditions in the financial markets; changes in demand and prices for
minerals; litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments; technological and
operational difficulties encountered in connection with the activities
of the Company; and other matters discussed in this news release. This
list is not exhaustive of the factors that may affect any of the
Company's forward-looking statements. These and other factors should be
considered carefully and readers should not place undue reliance on the
Company's forward-looking statements. The Company does not undertake to
update any forward-looking statement that may be made from time to time
by the Company or on its behalf, except in accordance with applicable
securities laws.

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Copyright (c) 2012 PROBE MINES LIMITED (PRB)  All rights reserved.  For
more information visit our website at http://www.probemines.com/ or
send mailto:info@probemines.com
Message sent on Thu Jun 7, 2012 at 5:20:52 AM Pacific Time
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