Probe Gold

Canaccord Genuity Acted as Lead Underwriter to Probe Gold on its Upsized $45 Million “Bought Deal” Private Placement

Canaccord Genuity Corp. is pleased to announce that on April 15, 2025, its client, Probe Gold Inc. (“Probe” or the “Company”) (TSX:PRB; OTCQB:PROB.F) successfully closed its upsized “bought deal” private placement consisting of (i) 6,250,000 flow-through shares of the Company (the “Flow-Through Shares”) at a price of $3.24 per FT Share and (ii) 13,750,000 common shares of the Company (the “Common Shares”) at a price $1.82 per Common Share for aggregate gross proceeds of approximately $45 million (the “Offering”).

The gross proceeds from the sale of the Flow-Through Shares will be used for exploration expenditures at Probe’s Québec properties. The net proceeds from the sale of the Common Shares will be used for exploration and development as well as working capital and general corporate purposes.

Canaccord Genuity acted as lead left underwriter with respect to the Offering and since 2019 has led $116 million in equity offerings for the Company.

Probe is a Canadian gold company focused on the acquisition, exploration and development of its projects in Québec. The Company is focused on its PEA-stage Novador Gold project and exploration-stage Detour Gold Québec project. Probe controls a large land package of approximately 1,835-square-kilometres of exploration ground within some of the most prolific gold belts in Québec.