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Re:   News Releases - Tuesday, June 08, 2010
      Probe Mines Limited Announces Closing of $1,000,000 Non-Brokered
      Private Placement with MineralFields Group
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Toronto,Ontario -- June 8, 2010-- The Directors of PROBE MINES LIMITED
(TSX-V: PRB) ("Probe") are pleased to announce that it has closed  its
previously announced non-brokered private placement financing with
MineralFields Group for gross proceeds of $1,000,000 through the sale
of 2,222,221 Flow-Through Units (the "Units").  Each whole Unit
consists of one flow-through common share and one-half of one
non-flow-through common share purchase warrant. Each whole common share
purchase warrant entitles the holder to acquire one common share for
$0.75 until June 3, 2012.

The securities issued pursuant to the private placement will be subject
to trade restrictions expiring on October 4, 2010.  A finder's fee was
paid in connection with the private placement, consisting of 88,888
Units and 177,777 compensation options.  The compensation options are
exercisable for Units that are further exercisable on the same terms as
provided above.

Proceeds of the financing will be used to fund exploration and working
capital.

"We are very pleased to be renewing our relationship with MineralFields
Group", said Dr. David Palmer, President.  "This is an important
milestone in the growth of Probe Mines Limited and we look forward to
working with MineralFields Group as we explore our significant property
holdings in the McFauld's Lake area and the recently acquired Cree Lake
and Borden Lake Gold Projects."

About MineralFields, Pathway and First Canadian Securities (r):

MineralFields Group (a division of Pathway Asset Management), based in
Toronto, Vancouver, Montreal and Calgary, is a mining fund with
significant assets under administration that offers its tax-advantaged
super flow-through limited partnerships to investors throughout Canada
as well as hard-dollar resource limited partnerships to investors
throughout the world. Pathway Asset Management also specializes in the
manufacturing and distribution of structured products and mutual funds
(including the Pathway Multi Series Funds Inc. corporate-class mutual
fund series). Information about MineralFields Group is available at
www.mineralfields.com.  First Canadian Securities (r) (a division of
Limited Market Dealer Inc.) is active in leading resource financings
(both flow-through and hard dollar PIPE financings) on competitive,
effective and service-friendly terms, and offers investment banking,
mergers and acquisitions, and mining industry consulting, services to
resource companies.  MineralFields and Pathway have financed several
hundred mining and oil and gas exploration companies to date through
First Canadian Securities (r).

About Probe Mines:

Probe Mines Limited is a well financed, Canadian base and precious
metal exploration company with approximately $5MM in treasury and a
portfolio of highly prospective mineral properties.  The Company is
currently focused on the McFauld's Lake area where it owns 931 claims
covering almost 15,000 hectares, including joint venture properties
with Noront Resources covering 87 of these claims.  In addition Probe
has recently acquired two new gold projects, Cree Lake and Borden Lake,
which show early potential for hosting significant mineralization.
Probe currently has an option-joint venture agreement with Lake Shore
Gold Corp on its Bristol Township gold project adjacent to Lake Shore's
million-plus ounce gold deposit. Recent exploration results from Lake
Shore include an 83.4m intersection grading 12.75 g/t gold less than
one kilometre from Probe's claims.  Probe also maintains a 5% net
smelter royalty on a portion of Agnico Eagle's Goldex Mine near Val
d'Or, Quebec, which began production in 2008.  The Company has only
36,338,693 shares issued and outstanding, which 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) 365-4724

Forward-Looking Statements

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.

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Copyright (c) 2010 PROBE MINES LTD. (PRB)  All rights reserved.  For
more information visit our website at http://www.probemines.com/ or
send mailto:info@probemines.com
Message sent on Tue Jun 8, 2010 at 2:13:21 PM Pacific Time
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