Probe Metals Inc. (Probe) and Adventure Gold Inc. (Adventure) announced that they have entered into a definitive agreement to combine their respective companies by way of a plan of arrangement. The transaction will create a new, gold explorer and developer with properties in some of the most prolific greenstone belts in Quebec and Ontario. The senior management of the combined company will include all current management of Probe with David Palmer as President and CEO as well as Marco Gagnon from Adventure, who will be appointed Executive Vice President.

Jamie Sokalsky, former CEO of Barrick Gold, will continue as Chairman of Probe. The Board will be comprised of six directors, including all of the current board members of Probe. One director from Adventure will be appointed to the combined company's Board upon closing of the Transaction.

Probe will also be adding technical expertise and experience with the current Adventure exploration team based in Rouyn-Noranda, Quebec.