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Toronto, January 28, 2008 � The Directors of PROBE MINES
LIMITED (TSX-V: PRB) are pleased to
announce the appointment of Carmelo Marrelli as Chief Financial Officer of
the Company.
Mr. Marrelli, B.Comm, CA, CGA, ACIS, is a Chartered Accountant, Certified General
Accountant and a member of the Institute
of Chartered Secretaries
and Administrators of Canada. Mr. Marrelli is partner of Marrelli &
Drake Corporate Services (formerly Duguay & Ringler Corporate
Services), which provides accounting and corporate secretarial services to
the resource industry.
Mr. Marrelli will be a valuable addition to Probe's senior management team,
which is working to advance the Company through project acquisition and
exploration. Management would like to take this opportunity to welcome
Carmelo to the Probe organization. In addition to Mr. Marrelli, the
Company's directors and officers consist of Patrick Reid (Chairman), John
Gammon, Dennis Peterson and David Palmer.
As part of his compensation package, Mr. Marrelli was granted stock options
to acquire up to 150,000 common shares of the Corporation exercisable at a
price of $0.61 per share for a five-year term, subject to shareholder and
regulatory approval. The options were granted pursuant to a stock option
plan approved by shareholders on October 21, 2002.
About Probe Mines:
Probe Mines Limited is a Canadian base and precious metal exploration
company with 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. This includes a 100% interest in
the McFauld's West Project, comprised of 12 claims (192 hectares) situated
less than 450 metres from the site of Noront Resourcs significant new
nickel-copper discovery, representing one of the closest properties to the
discovery. Probe currently has joint venture agreements on its Bristol
Township gold project (West Timmins Mining Inc.) and Tamarack base metal
project (Mantis Minerals Corp.). The Bristol Project is adjacent to the
million-plus ounce gold deposit owned by Lake Shore Gold Corp., which has
recently announced a positive pre-feasibility study for the project. Probe
also maintains a 5% net smelter royalty on a portion of Agnico Eagle's
Goldex Mine near Val d'Or, Quebec, slated for production in 2008. The
company's shares trade on the TSX Venture Exchange under the symbol PRB.
Investors are invited to visit the Probe Mines IR Hub at http://www.agoracom.com/IR/Probemines where they can post questions and receive answers
or review questions and answers already posted by other investors. Alternatively,
investors are able to e-mail all questions and correspondence to
PRB@agoracom.com where they can also request to be added to the investor
e-mail list to receive all future press releases and updates in real time.
To find out more about Probe Mines Limited, visit our website at
www.probemines.com, or contact:
David Palmer, Ph..D.
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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