Probe Mines Updates on its McFauld's Lake Area Properties; VTEM Airborne Survey Completed

TORONTO, ONTARIO, Sep 02 (MARKET WIRE) --
The Directors of PROBE MINES LIMITED (TSX VENTURE: PRB) ("Probe") are
pleased to provide an update on its McFauld's Lake area properties.
Following drill programs on both Victory and McFauld's West projects (see
press release 11/2008) a VTEM survey was contracted to Geotech Ltd.
covering the McFauld's West and Victory projects, as well as a number of
satellite properties. The survey has now been completed and the Company
is waiting for preliminary results. A further announcement will be made
when the data is available and the results have been interpreted.

The survey will be used to plan a follow-up drill program on the Victory
property and guide ground geophysical surveys on the McFauld's West
property in preparation of second phase drilling. It is expected that
these programs will commence before freeze up, weather permitting.

Victory Project

The recently completed VTEM airborne survey was flown as a follow-up to
the previous diamond drilling program where 30m of sulphide-mineralized
ultramafic intrusive rock was intersected in diamond drill hole V08-27.
The intersection occurred at the end of a discrete airborne anomaly that
can be traced for at least 300m on the property. Assay results from
Victory drilling contained anomalous values of nickel, copper and
platinum group elements (PGE), with highs of 0.2% combined Ni and Cu and
0.21g/t combined Pt-Pd. Owing to depth limitations of previous airborne
data acquired over the area, the VTEM survey was contracted to provide a
greater degree of accuracy for proposed fall drilling.

The discovery of anomalous values of nickel, copper and PGE in sulphide
mineralized rocks is considered to be a significant turning point in
exploration on the Victory project. The mineralization represents a
potential nickel-bearing system over 30km from the Eagle One discovery in
a separate volcanic belt. Although removed from the original discovery,
the geological setting is similar, with the ultramafic rocks occurring at
the outer contact of the volcanic belt. The importance of the Victory
ultramafic in describing a more regional potential to nickel mineralized
systems in the McFauld's Lake area is significant, and management
believes that further discoveries are possible in similar settings.

McFauld's West

In response to diamond drilling results on the McFauld's West property, a
VTEM survey was flown in order to provide deeper penetration than the
previous AeroTEM survey. Peridotite, similar to that hosting Eagle One
sulphide mineralization, was identified in holes MW08-02 and MW08-08,
however, no explanation for geophysical anomalies was observed. To more
accurately locate potential bedrock conductors the VTEM data will be used
to orient a deep-penetrating ground geophysical survey at 100m line
spacing, which is at considerably higher resolution than the previous
400m-spaced grid.

The presence of peridotite on the property is encouraging, and management
will continue to aggressively explore the property, which includes a
second phase drilling program expected to commence in the fall.

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's 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 Mineral 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.

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.

Forward-Looking Statements

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.

The TSX
Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release.

Contacts:
Probe Mines Limited
David Palmer, Ph.D.
President
(416) 777-6703

Probe Mines Limited
Karen Willoughby
Investor Relations
1-866-365-4724
Website: www.probemines.com

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