Probe Gold Inc. (“Probe” or the “Company”) (TSX: PRB) (OTCQB: PROBF) and Fresnillo plc (the “Parent”) are pleased to announce the completion of the previously announced acquisition of Probe by Fresnillo Quebec Acquisition Inc. (the “Purchaser”), a wholly owned subsidiary of Parent, pursuant to a plan of arrangement (the “Agreement”) under which Buyer acquired all of the issued and outstanding common shares of Probe (the “Shares”) for C$3.65 in cash per Share. The arrangement, which was announced on October 31, 2025, was approved by the Company’s shareholders at a special meeting on January 13, 2026.
In connection with the completion of the Agreement, it is expected that the Shares will be delisted from the Toronto Stock Exchange (the “TSX”) on or about January 22, 2026. Probe will also apply to cease being a reporting issuer under applicable Canadian securities laws.
About Probe Gold Inc.
Probe Gold Inc. owns the multi-million ounce Novador Gold Project in Val-d’Or. Québec and the early Detour Gold Quebec project, which is part of the company’s approximately 1,798 square kilometer land package of exploration areas in some of the most productive gold belts in Québec.
On behalf of Probe Gold Inc.,
Dr. David Palmer,
President and CEO
For more information:
Visit our website at www.probegold.com or contact:
Seema Sindwani
Vice President of Investor Relations
info@probegold.com
+1.416.777.9467
Forward-looking information
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws. This forward-looking information is identified by the use of terms and expressions such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe” or “continue”, the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. These statements include, without limitation, statements regarding the delisting of the shares from the TSX and the Company’s application to cease being a reporting issuer. Statements containing forward-looking information are not historical facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances.
Forward-looking information is based on management’s beliefs and assumptions and on information currently available to management. Although the forward-looking information contained herein is based on what we believe to be reasonable assumptions, investors are cautioned not to place undue reliance on this information as actual results may differ from the forward-looking information.
Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those expressed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the risk factors described in more detail under “Risk Factors” of the Company’s management information circular dated December 10, 2025 relating to the special meeting of stockholders held on January 13, 2026 and filed on SEDAR+.
Accordingly, all forward-looking information contained herein is qualified by the foregoing cautionary statements and no assurance can be given that the results or developments we expect will be achieved. Unless otherwise indicated or the context otherwise indicates, the forward-looking information contained herein represents our expectations as of the date hereof. However, we disclaim any intention, obligation or undertaking to update or alter any such forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.
#Fresnillo #completes #acquisition #Probe #Gold