Probe Resources Ltd. provided an operational update on its development activities in the Gulf of Mexico. East Cameron 36/37: - As previously disclosed, production commenced from the field in early February. The EC 36 A-1 well is currently producing water-free at a gas rate of 5.3 MMCF/D with a condensate rate of 54 BCPD and flowing tubing pressure of 2,800 psi. The EC 37 A-2 well has experienced mechanical issues which require remediation. The well unexpectedly began producing water upon start-up. Diagnostics have been performed on the well utilizing various production logs which indicate water flow from a deeper horizon behind production casing. A lift boat is currently mobilizing to the EC 37 platform in order to facilitate the pumping of a water block treatment which has proven to be effective in similar situations and should isolate the water sand from the productive sand. Results of the treatment should be known in the next few weeks. Probe is the operator and holds a 52% working interest ("WI") and a 35.4% net revenue interest ("NRI") in the wells prior to project payout. Petrodome EC, LLC owns a 44% WI and 32.1% NRI in the wells prior to project payout. South Timbalier 214: - The ST 214 A-6 Sidetrack is currently producing at a gas rate of 7.0 MMCF/D and condensate rate of 60 BCPD. It also produces approximately 3,200 BWPD. The well has produced nearly 10 BCF of gas and 112,000 barrels of condensate to date. Production has significantly exceeded the projected reserve estimates conducted by Probe's third party reservoir engineers at the time of initial production. Probe is the operator and holds a 100% WI and 68.5% NRI prior to project payout. Probe has tentative plans to drill the ST 198 A-7 Sidetrack from the ST 198 platform targeting attic reserves in previously produced sands in the ST 198 lease. The lease was acquired in 2009 subsequent to purchasing the platform used to develop the ST 214 A-6 Sidetrack well. High Island 115: - The HI 115 A-1 Sidetrack well continues to be shut in due to decommissioning of the host processing platform in HI 71 and related disconnection of the sales export pipeline. Probe has been evaluating two viable processing platform options to recommence production. Project sanction is expected in March2010 with commencement of production at 7-10 MMCF/D during mid-year 2010. Probe, non operator of the well, currently owns a 41.54% WI and 30.92% NRI in the well. East Cameron 246: - The Company continues to progress toward the development of the EC 246 #2 gas discoveries. A Purchase and Sale Agreement has been signed with another operator to acquire a production platform in the Gulf of Mexico. The platform will be moved over the EC 246 #2 well late in the 2nd quarter of 2010. The well will then be completed as a single completion in the Lentic 1 Sand. Probe is operator and currently holds a 100% WI and 68.5% NRI in the well.

Probe Resources Ltd., Annual General Meeting, Mar 23, 2010, at 11:00 US Pacific Time. Location: 1500 1055 West Georgia Street, Vancouver, British Columbia,Canada. Agenda: To receive the financial statements of the company for its fiscal year ended August 31, 2009, report of the auditor and related management discussion and analysis; to elect directors of the company for the upcoming year; to appoint BDO Canada LLP as auditor of the company for the upcoming year; to ratify and approve the continuance of the 10% rolling number share option plan; and to consider any permitted amendment to or variation of any matter identified in this Notice and to transact such other business as may properly come before the Meeting or any adjournment thereof.

Probe Resources Ltd. reported unaudited consolidated earnings results for the three months ended November 30, 2009. For the period, the company reported revenue of CAD 1,229,005, operating loss of CAD 5,073,842, net loss and comprehensive loss of CAD 5,256,569 or CAD 0.05 per basic and diluted share, net cash provided by operating activities of CAD 3,157,837, additions to equipment of CAD 7,503 compared revenue of CAD 374,600, operating loss of CAD 1,645,389, net loss and comprehensive loss of CAD 990,335 or CAD 0.01 per basic and diluted share, net cash used in operating activities of CAD 395,261, additions to equipment of CAD 34,556 for the same period last year.

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