The Directors of Probe Mines Ltd have announced that a Joint Venture agreement has been signed between the company and Noront Resources Ltd comprising 87 claim units located in the “Ring of Fire” area of McFauld’s Lake, Northern Ontario, Canada. The claim units, comprising 4 individual blocks of Probe’s claims, fall along the interpreted ultramafic horizon in the area of the Eagle One nickel-copper discovery. The agreement will see the immediate formation of a 50-50 Joint Venture between Probe and Noront, under which Probe will act as operator for the first two years, and alternate operatorship every two years thereafter, as long as equal ownership is maintained. If one company acquires more than 50% of the joint venture, full operatorship will be transferred to the larger property interest. A technical committee will be formed comprising members from both companies to approve exploration programs.