Providence Gold Mines Announces McCarthy Mine Results 3.77 Kg Sample Yields 77.0 to 97.0 Grams Gold

VANCOUVER – September 21, 2021, Providence Gold Mining Inc. (“Providence” or the “Company”) (TSXV: PHD) is pleased to report that a 3.77 Kg sample of quartz material taken from the surface at the McCarthy mine yielded gold values of 77.0 to 97.0 grams.

Historical records indicate that until 1916 the McCarthy mine produced multi-ounce material over a width of 2 to 3 meters to a depth below surface of less than 60 meters. An underground drift was designed but not followed through on McCarthy gold deposit.

Samples were sent to Bureau Vertis in Sparks, Nevada for analysis using FA430 fire assay fusion with AAS finish.

The recent exploration program focused on the area surrounding the McCarthy mine. Two trenches were dug with a Spidex excavator some 90-meters south of the mine. One target remains untested due to the steepness of the hillside which exceeded the ability of the excavator.

Assaying of samples collected along a 100-meter strike length exposing a lode structure 1.0 to 1.4 meters wide returned anomalous gold values ranging from 400 to 700 ppb. The overall width (10 to 20 meters) and intensity of the alteration bloom (which is mostly in the footwall beneath the 45-to-50-degree NE dipping lode) suggests potential for a high-grade offshoot target at a vertical depth of approximately 90 meters.

Further modeling is currently underway. Once completed we plan to drill 3,000 to 4,000 meters of HQ core within and beneath the historical Providence, Fairplay, McCarthy, Mexican, Consuelo, Goodenough, and Bonita historic high-grade mines.

Qualified Person:

Dr. Lee Groat Ph.D., P.Geo is the Company’s qualified person (as defined under NI 43-101 and has read and approved the technical information contained in this news release).

Mark Payne P. Geo is registered in the State of California is working under the direct supervision of Lee Groat P.Geo Q.P.

Image shown here is the McCarthy Adit.

About Providence Gold Mines Inc.

Providence Gold Mining Inc. is an advanced-stage gold mine exploration and development Company holding an option to purchase 100% interest in the Providence Group of Gold mines near the City of Sonora California.

For more information, please contact Ronald Coombes, President and CEO of the Company.

ON BEHALF OF THE BOARD

“Ronald Coombes”

Ronald A. Coombes, President & CEO
Office: (604) 688-8200
Email: info@providencegold.com

Wai Akdogu, CCO & Consultant
Phone: (778) 952-2660
Email: media@providencegold.com

LIKE & FOLLOW

@providencegoldmines on Instagram, Facebook, TikTok, YouTube, LinkedIn
www.ProvidenceGold.com


CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward- looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward- looking statements.

Neither the OTCQB and or the 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.

Providence Gold Mines Inc. Announces Trading on OTCQB

Providence Gold Mines “the Company” is pleased to announce that the Company has received final approval from the OTC Markets Group to begin trading on the OTCQB market under the ticker symbol “PRRVF” at the Market open September 15, 2021. “Trading on the OTCQB Market is a positive step forward for both the Company and our Shareholders, allowing Providence to now have access to the USA investment community, through our new USA listing on the OTCQB. With the support of the OTC Markets Group, the Company expects to be able to continue to advance the Company within the USA investment community.

The OTCQB is the premier venture marketplace for developing junior resource Companies in the United States with their commitment to providing a high-quality trading platform for their US investors.

To be eligible, Companies must meet high financial standards, including being current in their financial reporting, follow best practices corporate governance, have professional third-party sponsor introduction, demonstrate compliance with US securities laws, and undergo an annual verification and management certification process. The OTCQB is recognized by the Securities and Exchange Commission as an established public market that provides current public information to investors the need to analyze, value, and trade securities, Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.

ON BEHALF OF THE BOARD

“Ronald Coombes”

Ronald A. Coombes
President & CEO
Office: (604) 688-8200Email: info@providencegold.com

Wai Akdogu
CCO & Consultant
Phone: 778-952-2660
Email: media@providencegold.com

LIKE & FOLLOW

@providencegoldmines on Instagram, Facebook, TikTok, YouTube, LinkedIn
www.ProvidenceGold.com


CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward- looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward- looking statements.

Neither the OTCQB and or the 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.

Providence Gold Announces Closes Non-Brokered Private Placement

VANCOUVER – September 3, 2021, Providence Gold Mining Inc. (“Providence” or the “Company”) (TSXV: Phd) is pleased to announce that further to the news release of June 29, 2021, it has now closed its non-brokered private placement offering (the “Private Placement”) of 3,864,571 shares at a price of $0.07 for the reduced amount of $270,519.97.

Finders’ fees may be payable in connection with the Offering and those qualified persons involved as finders will receive a cash fee of up to 6% cash and 6% brokers warrants of the proceeds raised.

Closing of the Private Placement is subject to all necessary regulatory approvals including acceptance from the TSX Venture Exchange. All securities issued in connection with the Private Placement will be subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

About Providence Gold Mines Inc.

Providence Gold Mining Inc. is an advanced-stage gold mine exploration and development company holding an option to purchase 100% interest in the Providence Group of Gold mines near the City of Sonora California.
For more information, please contact Ronald Coombes, President and CEO of the Company.

ON BEHALF OF THE BOARD
“Ronald Coombes”
Ronald A. Coombes, President & CEO
Office: (604) 688-8200
Email: info@providencegold.com

LIKE & FOLLOW @providencegoldmines on Instagram, Facebook, TikTok, Youtube, LinkedIn.

Stay Tuned!

On behalf of Providence Gold Mining Inc.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward- looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

Neither the 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.

Providence Gold Mines Inc. Sample Assay Update

August 24, 2021 – Providence Gold Mines “the Company” (TSXV:PHD) (OTC:PRRVF) (FSE:7RH1) is pleased to announce that further to our recent news release that Bureau Vertis acknowledged receipt of 60 rock at their lab located in Sparks Nevada. The Company has now been advised that the preparation and analysis FA430 fire assay fusion AAS finish are estimated to be completed on September 10, 2021. 

Five bucket samples of material were taken from the potential extension of the known stockpile. 

The other rock samples submitted were from the four trenches and newly discovered lode outcrops.

Click HERE To Watch “PHD SPIDEX Moving Down a 45 degree Slope to Trench” Video

ON BEHALF OF THE BOARD 

“Ronald A. Coombes” 

Ronald A. Coombes, President & CEO 

Office: (604) 688-8200

Email: info@providencegold.com

LIKE & FOLLOW @providencegoldmines on InstagramFacebookTwitter, TikTokYoutubeLinkedIn.

Stay Tuned!

www.ProvidenceGold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward- looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward- looking statements.

Neither the 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.

Providence Gold Mines Inc. Announces Engagement of Market Maker

August 17, 2021 – Providence Gold Mines or “the Company” (TSXV:PHD) (OTC:PRRVF) (FSE:7RH1) is pleased to announce that it has engaged the services of Red Cloud Securities Inc. for Market Stabilization and Liquidity Services (“Market Maker”) for its common shares listed on the TSX Venture Exchange. Under the terms of the Agreement, which is effective August 3, 2021, 2021, The Company will pay the Market Maker a monthly fee of $5,000 for market making services which will continue until either party has terminated the agreement with thirty (30) days’ notice.

About Red Cloud Securities Inc.

Red Cloud Securities Inc. is a 100%, principal-owned Canadian based IIROC investment dealer focused in the junior resource sector. Their primary businesses include investment banking, equity research, and market stabilization and liquidity services. Red Cloud was founded by capital markets professionals with extensive experience in the junior mining industry. Their goal is to become the leading global investment boutique in junior resources.

About Providence Gold Mines Inc.

Providence Gold Mines Inc. is a Canada-based company engaged in the exploration, evaluation and development of its gold mineral property located in the prolific gold bearing Mother Lode Belt, nearby the historical gold town of Sonora, California, United States. The Company holds an interest in several Historical high – grade past producing mines located within the Providence Gold Mines properties. The Providence Property includes six parcels and thirteen 20-acre mining claims for a total of 425 acres (171 hectares) in size acres. The Company is focused on its exploration, evaluation, and development of the Providence Group of Gold Mines assets. 

ON BEHALF OF THE BOARD 

“Ronald Coombes” 

Ronald Coombes, President & CEO 

FOR FURTHER INFORMATION PLEASE CONTACT:  

Ronald Coombes

Office: (604) 688-8200

Email: info@providencegold.com

Click HERE To Watch “Drilling at the Providence Gold stockpile” Video.

LIKE & FOLLOW Providence Gold Mines on InstagramFacebookTwitter, TikTokYoutubeLinkedIn. Stay Tuned!

www.ProvidenceGold.com

Forward-Looking Information

This press release contains certain forward-looking information and reflects the Company’s present assumptions regarding future events. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company’s actual results, levels of activity, performance, and/or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.

Certain statements contained in this document constitute forward-looking statements and information within the meaning of the applicable Canadian securities legislation. When used in this document, the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “propose”, “anticipate”, “believe”, “forecast”, “estimate”, “expect” and similar expressions used by any of the Company’s management, are intended to identify forward-looking statements. Such statements reflect the Company’s internal projections, expectations, future growth, performance and business prospects and opportunities and are based on information currently available to the Company. Since they relate to the Company’s current views with respect to future events, they are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company does not intend, and does not assume any obligation, to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments except as required by applicable securities legislation, regulations or policies.

Neither the 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 of accuracy of this release.

Providence Gold Mines Inc. Identifies Additional Potentially Significant Gold Targets

August 11, 2021 – Providence Gold Mines “the Company” (TSXV:PHD) (OTC:PRRVF) (FSE:7RH1) is extremely pleased to announce our geologists have identified a potentially significant low bulk tonnage gold target. The Providence Gold Mines properties with numerous high grade historical deposits are located near the historical gold town of Sonora, California. 

Preliminary evidence suggests that all lode structures crossing the favorable corridor of fracture dilatancy (the Tuolumne Mines Trend) at all elevations constitute significant exploration gold targets. Our field geological reconnaissance, alteration mapping, soil geochemistry, and subsequent trenching on the extremely steep terrain has been successful in locating lode targets. The zone was sampled for assay and mapped to further define new surface exploration drill targets.

An example of the lode outcrop discovered recently, is pictured below:

The Providence Gold Mines property is located along the East Belt of gold mines of the Mother Lode system near the city of Sonora, California. The Mother Lode East Belt mines are spatially arranged along the 160 km length of the regional-scale Calaveras-Shoo Fly Thrust Fault and they have accounted for approximately four million ounces of historic gold production.

Mark Payne P.Geo., an expert in the M­other Lode Belt, states, “The East Belt mines are contained within a 10 km by 160 km footprint area and Providence’s historic group of gold mines hosts enormous unexplored gold endowment potential”.

The recent geological fieldwork confirms similar geology to other known low grade Mother Lode gold deposits. Wall rocks have invariably been hydrothermally altered, having been partially to completely converted to ankerite, sericite, quartz, pyrite, chlorite, and albite with traces of rutile and leucoxene (Knopf, 1929). The mineralization is usually adjacent to the veins in ground that has been fractured and contains small stringers and lenses of quartz.  

Regional Geology:

The Calaveras-Shoo Fly Thrust Fault is a complexly folded, strongly metamorphosed, and strain-hardened zone of fault zone rocks (mylonite), which developed multiple millions of years prior to the Mother Lode Belt gold mineralization event, during the mid-Jurassic Nevadan Orogeny. The Calaveras-Shoo Fly Thrust was subsequently intruded by the mid-Jurassic Standard dioritic Pluton in the general area of the Providence Mine property. Intrusion of the Standard Pluton is the most important structural feature in the Mother Lode district, as it pertains to gold ore localization.

Several millions of years later, the Mother Lode Belt gold mineralizing event was synchronous with a major regional-scale compressional flattening event during the early Cretaceous period. This compressional flattening event reactivated deep regional-scale fractures associated with the Calaveras-Shoo Fly Thrust and later brittle fractures related to intrusion of the Standard Pluton. Reactivation of the pre-mineralization structures likely provided the deep conduit by which gold-bearing hydrothermal fluids of metamorphic origin (orogenic) could be transported.

The rhombohedral fracture set which hosts the known gold mineralization on the Providence property were probably developed as a mechanical response to the competency contrast between the massive intrusive and bedded meta-sedimentary rocks under right-lateral strike-slip strain. On the property a rhombohedral fracture grid appears to have been developed within an embayment in the southern contact of the Standard Pluton. Although an open antiformal fold in the Calaveras-Shoo Fly Thrust encloses the Providence project on three sides, the fracture sets associated with that deformation episode are likely highly modified curvilinear features which may have reduced relevance as an ore control.

Property-Scale Structural Geology:

The historic high-grade gold production from the Providence Mine property was from steeply plunging chimney-like ore shoots within several moderately eastward dipping N10-20W oriented fault / lodes. There is a well-developed system of strong cross fault / lodes which dip steeply northeast and strike N60-70W. Both types of fault / lode can be traced for considerable distances on the surface by their strong sericite + carbonate alteration signatures. The WNW cross faults have had a pronounced effects upon the morphology of the ore shoots hosted within the NNW striking lodes. At the Providence and McCarthy historic production areas, the ore shoots occur within the NNW striking lodes as twins in drag fold features, arranged on both sides of strong WNW cross fault / lodes.

Mine Trend:

The Providence Gold Mines patented claims were not staked in alignment with the ore-bearing lode structures, but progress obliquely across the rhombohedral grid of lodes. The claims link the gold production points. At the district scale, the arrangement of the NW striking ore-bearing lodes is en echelon and left-stepping with respect to the Tuolumne Mines Trend.

The Tuolumne Mines Trend is interpreted to be a corridor of favorable dilatant fractures developed in a strain shadow above a linear-shaped intrusive salient at depth. A southeasterly trend of small dioritic intrusive plugs is in alignment with the mines trend and suggests the presence of a SE-trending expression of the Standard Pluton at depth.

The current ore target concept for the Providence Mine property suggests that all lode structures crossing through the favorable corridor of fracture dilatancy (the Tuolumne Mines Trend) at all elevation horizons constitute significant exploration targets. 

NEXT STEPS:

The Company continues to exploit the significant exploration potential, whilst sourcing plant equipment for the stockpile initiative, and immediate future programmed works.  

Qualified Person:

Dr. Lee Groat Ph.D., P.Geo is the Company’s qualified person (as defined under NI 43-101 and has  read and approved the technical information contained in this news release). Mark Payne P.Geo is registered in the State of California is working under the direct supervision of Lee Groat P.Geo Q.P.    

ON BEHALF OF THE BOARD 

“Ronald Coombes” 

Ronald Coombes, President & CEO 

FOR FURTHER INFORMATION PLEASE CONTACT:  

Ronald Coombes

Office: (604) 688-8200

Email: info@providencegold.com

Click HERE To Watch “Drilling at the Providence Gold stockpile” Video.

LIKE & FOLLOW Providence Gold Mines on InstagramFacebookTwitter, TikTokYoutubeLinkedIn. Stay Tuned!

www.ProvidenceGold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward- looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward- looking statements.

Neither the 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.

Providence Gold Expiration of Warrants

July 26, 2021 – Providence Gold Mines “the Company” (TSXV:PHD) (OTC:PRRVF) (FSE:7RH1) announces that the Warrants expiring on July 22nd, 2021 comprising of Warrants 14,332,000 and Finder’s Warrants of 477,750 have expired. 

As a result, the current Issued Share Capital is 57,971,575. Together with Warrants outstanding of 11,476,693 and options outstanding of 5,150,00. Current fully diluted 74,598,268.

The Company continues to consider its strategy of works with new discoveries to enable and source both the best plant and machinery to provide both efficiency and price to commence extraction through production.

Exploration Update:

Exploration success continues at the Providence Group of Gold Mines and a press release is pending.

Further to the News Release dated June 29, 2021, the Company has been granted a 30-day extension to complete a second tranche of financing.

 Spidex machine on its way to excavate new showing

Qualified Person:

Dr. Lee Groat Ph.D., P.Geo is the Company’s qualified person (as defined under NI 43-101 and

has read and approved the technical information contained in this news release). Mark Payne  P.Geo is registered in the State of California is working under the direct supervision of Lee Groat QP.

ON BEHALF OF THE BOARD 

“Ronald Coombes” 

Ronald Coombes, President & CEO 

FOR FURTHER INFORMATION PLEASE CONTACT:

Office: (604) 688-8200

Email: info@providencegold.com

LIKE & FOLLOW Providence Gold Mines on InstagramFacebookTwitter, TikTokYoutubeLinkedIn. Stay Tuned!

www.ProvidenceGold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward- looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward- looking statements.

Neither the 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

Providence Gold Mines Surface sample returns Greater than 10 grams Gold

July 20, 2021 – Providence Gold Mines “the Company” (TSXV:PHD) (OTC:PRRVF) (FSE:7RH1) is pleased to announce that a rock sample found across the creek from the Bonita Mine returned 10 grams Au/tonne. Further work is now underway to locate the source. 

A carbonate- sericite alteration bloom and vein quartz has been discovered on the north side of Duckwall Creek and is the potential twin of the Bonita Gold ore shoot. A high-grade selected sample returned > 45gm/tonne Au from a small rock pile well above the flood plane on this north side. The northern projected strike extension of the Bonita Lode is located in a recessive topographic feature which forms the steep northern side of this drainage extending to the ridge top.  

The rock samples were transported and tested by Bureau Veritas Minerals of Vancouver, B.C. using 30 g lead collection fire assay fusion for total sample digestion with AA finish. As the sample returned Au >10 ppm (10gm Au) it is being further analyzed by gravimetric method.

In addition, the current field program has made another new discovery of vein outcrop. During a traverse down slope from the McCarthy mine the Lode zone steeply dipping NE and is approximately one metre in true width. The zone appears to be along strike between the McCarthy and the Fairplay mines. A channel sample will be shipped for assay to Bureau Veritas this week.

A picture of the Lode zone

Excavator Update

The Company reports further to its news release dated June 7, 2021 that the “Spidex” excavator contractor arrived onsite yesterday. The purpose of the excavator program is to trench and sample the recently announced gold discoveries on its Providence Group of Gold Mines Property located nearby the City of Sonora, California.

Qualified Person:

Dr. Lee Groat Ph.D., P.Geo is the Company’s qualified person (as defined under NI 43-101 and has read and approved the technical information contained in this news release). Mark Payne  P.Geo is registered in the State of California is working under the direct supervision of Lee Groat QP.

ON BEHALF OF THE BOARD 

“Ronald Coombes” 

Ronald Coombes, President & CEO 

FOR FURTHER INFORMATION PLEASE CONTACT:  Ronald Coombes

Office: (604) 688-8200

Email: info@providencegold.com

LIKE & FOLLOW Providence Gold Mines on InstagramFacebookTwitter, TikTokYoutubeLinkedIn. Stay Tuned!

www.ProvidenceGold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward- looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward- looking statements.

Neither the 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

Providence Gold Announces Non-Brokered Private Placement of up to $ 600,000 First Tranche of $200,520 Closed

VANCOUVER – July 08, 2021, Providence Gold Mining Inc. (“Providence” or the “Company”) (TSXV: PHD) is pleased to announce that further to it’s June 29th, 2021 news release disclosing a non-brokered private placement offering (the “Private Placement”) of up to 8,571,500 common shares of the Company at a price of $0.07 per common share to raise gross proceeds of up to $600,000, the Company has now closed the first tranche in the amount of $200,520 for an aggregate amount of 2,864,571 common shares.

Certain insiders of the Company participated in the amount of $162,020 to acquire 2,314,571 common shares under the Private Placement Net proceeds from the Private Placement will be primarily used towards advancing the Company’s Providence Gold Project located nearby the city of Sonora California and for general working capital purposes.

The Company is planning to begin opening up three new discoveries starting the second week of July, and as such, the private placement will be closed before this planned work commences.

Finders’ fees may be payable in connection with the Offering and those qualified persons involved as finders will receive a cash fee of up to 6% cash and 6% brokers warrants of the proceeds raised.

Closing of the Private Placement is subject to all necessary regulatory approvals including acceptance from the TSX Venture Exchange. All securities issued in connection with the Private Placement will be subject to a four- month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

About Providence Gold Mines Inc.

Providence Gold Mining Inc. is an advanced-stage gold mine exploration and development company holding an option to purchase 100% interest in the Providence Group of Gold mines near the City of Sonora California.

For more information, please contact Ronald Coombes, President and CEO of the Company. Click HERE To Watch “Drilling at the Providence Gold stockpile” Video

ON BEHALF OF THE BOARD

“Ronald Coombes”

Ronald A. Coombes, President & CEO

Office: (604) 688-8200

Email: info@providencegold.com

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On behalf of Providence Gold Mining Inc.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward- looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward- looking statements.

Neither the 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