Probe Mines Limited (CVE:PRB) to Attend PDAC 2011 Mining Convention in Toronto Canada, 2011

Toronto, Mar 5, 2011 AEST (ABN Newswire) - The Directors of PROBE MINES LIMITED (CVE:PRB) (Probe) are pleased to announce that the Company will be an Exhibitor at the 2011 PDAC International Convention, Trade Show & Investors Exchange in Toronto, and invite investors and convention attendees to visit us at Booth #2847. Karen Willoughby, Director of Corporate Communication, will be making a presentation on the Company Tuesday, March 8 at 3:40 pm in Room 801B.

Probe Mines Limited is a well-funded, Canadian base and precious metal explorer poised for significant growth in 2011. Led by an experienced management team, the Company has a portfolio of high quality projects in a number of Canada's most important exploration plays. The Company's strategy is to aggressively explore its key assets to maximize shareholder value, while joint venturing certain assets to advance exploration and preserve capital.

The Company's current focus is the Borden Lake gold project located near Chapleau, Ontario. It is a significant, new gold discovery in a previously unexplored area located within one kilometre of a major highway. The project has the potential for a low-grade, bulk tonnage deposit, potentially suitable for open-pit mining. Airborne geophysics located a 1.5 kilometre horizon entirely within Probe's boundaries. Drilling programs have yielded significant intersections including 91metres averaging 2.0g/t Au and 182 metres averaging 1.1g/t Au with higher grade zones including samples up to 26.4g/t Au

Probe also owns 875 claims covering approximately 14,000 hectares in the McFauld's Lake area, including a 100% interest in the Black Creek chromite deposit. A NI 43-101-compliant resource estimate has been completed on the deposit which includes 8.645 million tonnes averaging 37.41% Cr2O3 in the measured and indicated categories and an additional inferred resource of 1.6 million tonnes averaging 37.78%. The Company also has the Victory Project, with excellent potential for base metal deposits, and the Tamarack Project, which hosts a rich copper discovery and has the potential for more base metal discoveries as well as vanadium mineralization.

Probe owns a 45% interest in a joint venture property with Lake Shore Gold Corp., which surrounds its Timmins Mine project and is adjacent to Lake Shore's porphyry zone discovery where large, high grade intersections continue to be identified.

The Company has an option to acquire up to a 70% interest in the Cree Lake Gold Property in Swayze Township near Sudbury, Ontario. Comprised of nineteen mining claims covering 4,032 hectares, the property has potential for the delineation of a large tonnage, low grade deposit.

In addition, the Company also maintains a 5% gold production royalty on a portion of Agnico-Eagle's Goldex Mine in Val d'Or, Quebec.

The Company has only 37,688,415 shares issued and outstanding, which trade on the TSX Venture Exchange under the symbol PRB.

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

Contact

David Palmer President Tel: +1-416-777-6703 Karen Willoughby Investor Relations Tel: +1-866-936-6766