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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (10408)4/28/1998 10:23:00 PM
From: Arnie   of 15196
 
FINANCING / Probe Exploration secures Credit Facility

CALGARY, April 28 /CNW/ - Probe Exploration Inc. (PRX-TSE) is pleased to
announce that it has arranged a new demand credit facility with the Bank of
Montreal in the amount of $100 million.

''This $100 million facility provides Probe with the necessary capital to
expand its 1998 capital budget from the currently approved $53,000,000 to a
proposed $70,000,000,'' says Stephen Gibson, President of Probe.

Accordingly, Probe plans to expand its development drilling program at
Leduc. The arrangement was entered into on April 21, 1998.

Probe Exploration Inc. is a publicly traded exploration and development
company based in Calgary, Alberta. The Company's activities are focused on
oil and gas exploration and production in high-reward areas in central
Alberta and Saskatchewan.
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