Probe Gold Inc. announced that following the release of an updated Mineral Resource Update ("MRE") on July 19th, 2023, the Company has filed a National instrument 43-101 Technical Report for Novador Project (the "Report") entitled, "NI 43-101 Technical Report and Updated Mineral Resource Estimate for the Novador Project, Quebec", prepared by InnovExplo Inc, dated September 1st, 2023, with an effective date of July 13, 2023. The report is available for review on both SEDAR (www.sedar.com) and the Company's website (www.probegold.com). The Report was prepared by Marina Iund, P.Geo., M.Sc., Senior Resources Geologist, Vincent Nadeau-Benoit, P.Geo, Martin Perron, P.Eng., Simon Boudreau, P.Eng., Senior Mine Engineer and Elisabeth Tremblay P.Geo., M.Sc.A., Senior Geologist from InnovExplo Inc, each of which is considered a "Qualified Person" as defined in NI 43-101.

The Report supports the scientific and technical disclosure in the updated mineral resources contained in the Company's press release dated July 19, 2023. The scientific and technical content of this press release has been reviewed, prepared, and approved by Mr. Marco Gagnon, P. Geo, Executive Vice President of Probe, who is a "Qualified Person" under NI 43-101. Probe's news release dated July 19, 2023 (titled "Probe Gold Increases Val-D'Or Mineral Resources To 3,793,900 Ounces Of Gold Measured & Indicated And 1,418,700 Ounces Inferred, Doubles Amount Of Measured And Indicated Mineral Resources") summarized the resource estimate in detail.

About Probe's Novador Project: Since 2016, Probe Gold has been consolidating its land position in the highly prospective Val-d'Or East area in the province of Quebec with a district-scale land package of 600 square kilometers that represents one of the largest land holdings in the Val- d'Or mining camp. The Novador project is a sub-set of properties totaling 175 square kilometers hosting three past producing mines (Beliveau Mine, Bussière Mine and Monique Mine) and falls along three regional mine trends. Novador is situated in a politically stable and low-cost mining environment that hosts numerous active producers and mills.

Val-d'Or properties include gold resources totaling 3,793,900 ounces in the Measured and Indicated category and 1,418,700 ounces in the Inferred category along all trends and deposits.