Providence Announces Drill And Remedial Road Work Underway At Providence

Providence Gold Mines “the Company” is pleased to announce that roadwork to provide access for the drill program is now underway and the drill rig arrived on Monday.

The Company has completed the sale of 6,056,627 units for gross proceeds of $726,795 and is now working on a second tranche.  The financing will be used to fund the upcoming drill program and for general working capital.  The Company is excited about the drilling program planned for its Providence group of historical past producing gold mines located near Sonora California in the famous Motherlode gold belt. News is now expected on a weekly basis beginning in January.

Qualified Person

John Kowalchuk, P.Geo, a geologist and qualified person (as defined under NI 43-101) has read and approved the technical information contained in this news release.

ON BEHALF OF THE BOARD

“Ronald Coombes”                                                           
Ronald Coombes, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:
Ronald Coombes
Mobile: 1- 604- 724-2369
rcoombes@providencegold.com

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 Announces Close of First Tranche of Financing Readies for Drilling Providence Gold Deposit

Providence Gold Mines “the Company” is pleased to announce close of the first tranche of financing in the amount of $726,795.

The Company has completed the sale of 6,056,627 units for gross proceeds of $726,795. The proceeds will be used for the upcoming drill program on its Providence group of historical past producing gold mines located near Sonora California in the famous Motherlode gold belt, and for general working capital purposes.

Each unit consists of one common share and one transferable share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share for a period of 36 months at $0.15 for year one, $0.20 for year two, and $0.25 for year three, commencing from the closing date of the offering.

The Company will pay finders’ fees totaling (i) $5,523 in cash, (ii) 173,840 finder’s shares, (iii) 177,200 finder’s warrants exercisable for a period of 36 months at $0.15 per share for year one, $0.20 for year two, and $0.25 for year three, and (iv) 42,664 finder’s warrants exercisable for a period of 24 months at $0.15 per share.

All securities issued will be subject to a hold period of four months and one day from the closing date of the private placement, in accordance with applicable Canadian securities laws.

John Kowalchuk states,We are very excited about this first phase of drilling. It will be the first time Providence group of gold mines has ever been drilled. During the past year we verified the geometry and potential mineralized zones by ground proofing, which included both underground mapping and sampling from the 600 hundred level to surface geological mapping, soil geochemical sampling and structural modeling. Our exploration effort to date, has verified the presence of a prolific high grade gold system , and we are very encouraged in what the upcoming drilling may potentially yield.

Qualified Person

John Kowalchuk, P.Geo, a geologist and qualified person (as defined under NI 43-101) has read and approved the technical information contained in this news release.

ON BEHALF OF THE BOARD

“Ronald Coombes”                                                          
Ronald Coombes, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:
Ronald Coombes
Mobile: 1- 604- 724-2369
rcoombes@providencegold.com

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 Arranges Private Placement

Vancouver, British Columbia – Providence Gold Mines Inc. (TSXV: PHD) (the “Company” or “Providence Gold”) is pleased to announce that it has arranged a non-brokered private placement of up to $1,000,000 (the “Financing”) through the issuance of up to 8,333,333 units (the “Units”) at a price of $0.12 per Unit. Each Unit will be comprised of one common share and one common share purchase warrant (“Warrant”), each Warrant entitle the holder to purchase one common share of Providence Gold at a price of $0.15 per share for the first year, $0.20 per share for the second year, and $0.25 for the third year from the closing date. The Warrants will expire 36 months from the closing date.

The Company may pay finders’ fees equal to 8% in cash or shares and 8% in finder’s warrants for subscriptions as may be attributable to such finders. Finders’ warrants issued to registered dealers or exempt market dealers will be valid for a period of two year, each warrant exercisable into one common share of the Company at a price of $0.15 per share.

The net proceeds of the private placement will be budgeted as follows:

  • $600,000 for exploration and drilling of up to 2,500 meters of thin wall NQ core drilling as recommended in the previously-filed NI 43-101 report dated February 12, 2018 on the Providence Gold Mines property located near Sonora, California (see news release dated February 12, 2018). The program is designed to test zones near surface and to depth and along strike to delineate new high grade shoots within the historical past producing Providence group of gold mines which were shut down during profitable mining in 1916; and
  • The balance for working capital, general corporate purposes and contingency for further drilling. There is no material fact or material change about the Company that has not been generally disclosed.

Other business

The Company announces the resignation of Mr. Gary Arca as director and CFO. We thank Gary for his important contributions and wish him success in his future endeavors. Ron Coombes President and CEO will assume the position of CFO during the transition period. Additionally, the Exchange’s conditional acceptance for the Company’s previously announced private placement was allowed to expire. (see news releases dated February 27, 2018, April 5, 2018 and May 11, 2018.

ON BEHALF OF THE BOARD

“Ronald Coombes”                                                   
Ronald Coombes, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:
Ronald Coombes:  (604) 724-2369
rcoombes@providencegold.com

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.

Change in Board of Directors

Vancouver, British ColumbiaProvidence Gold Mines Inc. (TSXV: PHD) (the “Company”) announces the resignation of Robert Eadie as a director and Chairman of the Company.

“Mr. Eadie has served on the Board of the Company since its inception in February 2010,” said Ron Coombes, President & CEO of the Company.“On behalf of our shareholders, the Board would like to thank Mr. Eadie for his years of dedicated service and invaluable contributions toward our development and growth.”

ON BEHALF OF THE BOARD

“Ronald Coombes”
Ronald Coombes, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:
Ronald Coombes:(604) 724-2369
rcombes@providencegold.com

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 Property Advances

VANCOUVER, BRITISH COLUMBIA – Providence Gold Mines Inc. (TSXV: PHD) (“Providence” or the “Company”) is pleased to announce that we are in receipt of a property wide geological map from its exploration program. The geological mapping @ 1:2,500 and 1:1,000 scales represents a milestone in the Company’s understanding of the gold system along 2.2 km of strike length. The high resolution mapping has identified priority drilling targets where the prominent Fairplay gold bearing vein intersects with structurally linked hanging wall and footwall splay veins. The geological map will be posted with the News Release for review on our website at www.providencegold.com and at SEDAR.

We believe these areas of convergence within the vein system represent potential new mineralized shoots similar to historically mined shoots which are easily accessed and remain open to depth. In addition, the mapping of potential gold zones is coincident with anomalous gold in soils from the 2017 geochemical survey.

Ron Coombes states, “With the analytical ground work now completed the Company is confident that the planned drilling program will yield positive results. The known historical deposits remain open along a 2.2km strike length and down-dip.  The Company is planning to commence an approximately two thousand metre drill program to test selected gold targets.”

Providence Gold Mines Inc. has an option to purchase a 100% interest in the Providence Gold Property located in the Eastern Belt of the Motherlode Gold District near the town of Tuolumne, California. Access to the property is by a combination of paved and gravel roads.  Individual veins range from less than a centimeter to more than 3.0 metres in thickness with the overall average being 1.5 metres.   Sulphide content is <2%, consisting primarily of pyrite and galena.  Within the veins several steeply-plunging shoots of higher grade gold, mineralization was mined in the past, commencing as early as the 1860’s.

Gold production was primarily from the northernmost 1200 metre segment of the Providence Gold Vein system hosting from north to south the Bonita, Consuelo and Providence Mines.  In the 1894 Report of the State Mineralogist it states “…On the Bonita vein a 440’ adit has been run and in it about 300’ from the mouth a 50’ winze sunk…”    In his report dated April 1932 Thompson states “…at the north end of the Bonita claim another mineralized shoot has been developed.  A small mill was used to reduce the mineralization from this shoot.  The mineralization was very good and this shoot, as far as worked, paid handsomely…”

John Chapman, Superintendent for New Providence Gold Mines in a memo dated June 1933, with regards to the Consuelo Mine states “…the Consuelo mineralized shoot lies about 1800 feet north of the Providence shaft…This mineralized body has been attacked at two points, 300 feet apart by the McCarthy shaft on the south of the gulch and the Mexican shaft on the north to a depth of 100 feet to the present tunnel level.  Eighty feet south of the Mexican shaft, a winze was sunk to a depth of 90 feet in the vein fissure.  The vein filling at this point indicates that mineralization is in the making and should be encountered at any time.  The vein material is about 6 feet wide and carries $1.50 in values.  Work is now being undertaken in this winze, at a depth of 100 feet a drift will be driven north under the Mexican Shaft.  The mineralization produced from this shaft ran $80/ton. 

The Providence Mine operated until 1916.  Development at the mine consisted of a double compartment shaft sunk to a depth of 1470 feet on the dip of the vein system (50o).  Drifting was completed on twelve levels. Production was from stopes located throughout the workings.  According to Bluett (1916) “…some of these mineralized shoots and veins have been stoped out.  In others the mineralization is still in place…”  According to a newspaper clipping dated April 7, 1931 the Providence Mine ”…from 1902 to 1912, when the mine was owned operated by E.A. Wiltsee of San Francisco, yielded gold mineralization averaging $18 a ton (gold at $20/ounce) to a total of $3,000,000…”  According to a September 14, 1921 report by James Kendall “…the mine was not closed down for lack of good gold mineralization, but because of a disagreement between the owners and the parties to whom the mine had been leased, at the expiration of which the owners refused to grant an extension and suspended operations in the midst of active mining and milling of high grade gold mineralization from the 10th and 11th levels and while good  mineralized bodies were being developed on the 12th levels after which the lower levels filled with water and have never since been de-watered.  Thus the  mineralized bodies in the lower six levels are in identically the same condition as they were when the mine ceased operations…” Various reports have the gold production from the Providence Mine ranging from $700,000 to $4.5 million.

The surface workings and mills of the Providence, Consuelo and Bonita Mines along with the operation records were destroyed in a large brush fire in 1918. 

Because almost all of the technical information was destroyed in the 1918 fire, there is no way to document the accuracy of the above statements.  The above historical account was taken from several miners and engineers who either worked in the mine or visited it while in operation.  Although this information is believed to be factual the Company cannot unequivocally confirm its accuracy.

Soil sampling was completed over the entire length of the property.  The results showed anomalous gold values in soil correspond with the Providence Gold Vein system, particularly over the section hosting the Providence, Consuelo and Bonita Mines. Gold values within this trend range from 10 to 7300 ppb.  Elsewhere on the property additional zones of interest were identified requiring additional follow-up work.  Underground continuous rock chip sampling located several areas in the underground workings with significant gold values.  Results include samples assaying 45.63, 19.58 and 31.7 gpt Au over widths of 1.30, 1.0 and 0.7 metres respectively. 

A 3D Laser Survey was completed that not only revealed the geometry of accessible 600 level underground workings to mm accuracy, but also elucidated geological features, including the veining and structure.  The survey showed a 260 metre long zone between the Consuelo and Providence Zones to potentially host an area of quartz veining.  This zone lies to the west of the 600-level access drift and is possibly the down dip extension of the area mentioned by Bluett (1909) as having several shoots of mineralization between the Consuelo and Providence Mine.

Qualified Person

John M. Kowalchuk, P. Geo, a geologist and qualified person (as defined under NI 43-101) has read and approved the technical information contained in this letter. Mr. Kowalchuk is a senior geologist consulting to the Company.

ON BEHALF OF THE BOARD

“Ronald Coombes”   
Ronald Coombes, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Ronald Coombes
Mobile: 1- 604- 724-2369
rcoombes@providencegold.com

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.

Company Halts Trading

VANCOUVER, BRITISH COLUMBIA – Providence Gold Mines Inc. (TSXV: PHD) (“Providence Gold” or the “Company”) reports that a wire service has erroneously disseminated a miscellaneous item dated May 23, 2018 entitled “Providence Gold 5% debentures to delist June 5”.

As a result of the above, the Company requested that IIROC halt trading of its shares yesterday in order to be given an opportunity to address the unfortunate incident and to investigate how the report could have been issued under Providence Gold’s name when the content of the report had no connection with the affairs of Providence Gold.   

We apologize for any confusion this misleading miscellaneous item has caused our shareholders. Trading of the Company’s shares is expected to resume on May 30, 2018.

Providence Gold Mines Inc. is pleased to announce that it continues to successfully move ahead with its  high-grade gold properties.  The planned drill program is designed to develop the Providence group of gold mines, which are located on patented mining claims near the friendly and famous mining camp of Sonora, California. 

ON BEHALF OF THE BOARD

“Ronald Coombes”                                                               
Ronald Coombes, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Ronald Coombes
Mobile: 1- 604- 724-2369
rcoombes@providencegold.com

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.

Soil Sampling Discovers More Gold Targets at Providence

VANCOUVER, BRITISH COLUMBIA – Providence Gold Mines Inc. (TSXV: PHD) (“Providence” or the “Company”) is pleased to announce the final results of the soil sampling program completed at its Providence Gold Property located in the Eastern Gold Belt of the California Mother Lode Gold District.  The results in the now completed phase one program successfully indicated a 2200 metre long by up to 900 metre wide area in which the Company’s 2017 exploration outlined four past producing, north trending, east dipping, gold bearing veins.  From east to west the veins are Starr, Providence Extension, Fairplay and Providence.  The veins are all part of the Providence Vein System that extends 10 km from the former producing Buchanan Mine in the south to the Soulsby Mine in the north. Within the sampled area, there are several past producing gold mines including the Providence, Consuelo, McCarthy and Bonita.  The results of the soil survey are summarized below.

SOIL SAMPLE RESULTS SUMMARY

PROVIDENCE GOLD MINES INC:  BREAKDOWN OF SOIL SAMPLE -PROVIDENCE PROPERTY
Description# of Samples
Total # Soil Samples Collected472
Results Breakdown by Grouping Au PPB 
10-14.947
15-24.935
25-49.914
50-99.99
>10015

Total # Samples considered anomalous

120
Maximum Values are as follows: 

149 ppb Au Bonita (Fairplay Vein)

 

7290 ppb Au McCarthy Shaft Area (Consuelo-Fairplay Vein)

 

2456 ppb Au McCarthy Shaft Area (Consuelo-Fairplay Vein)

 

1852 ppb Au Providence Shaft (Fairplay Vein)

 

114 ppb Au Phoenix Shaft (Fairplay Vein S)

 

159 ppb Au Providence Ext Vein

 

258 ppb Au Providence (North)

 

1776 ppb Au Providence (South)

 

The 10 ppb Au in soil contour outlined all four gold bearing vein systems, and potential high grade shoots within the veins. 

The Fairplay Vein is overlain by a 2000 metre long by up to 100 metre wide and open along strike gold in soil anomaly.  The anomaly overlies the formerly producing Bonita, Consuelo, Providence and Phoenix Mines.  Within the anomaly gold values are generally less than 50 ppb Au with occasional spikes from >250 ppb Au to a maximum of 7290 ppb Au. Higher grade soil values tend to cluster in the vicinity of the shafts possibly reflecting ground contamination or gold bearing shoots.  The Fairplay soil anomaly is best developed on the property in the northernmost 1200 metres of the Fairplay Vein.  To the south the anomaly is less developed with higher values coinciding with samples taken in the vicinity of the Phoenix Shaft.

Soil sampling in the northern portion of the projection of the Providence Vein outlined a 350 metre long by up to 50 metre wide soil anomaly with values ranging to 258 ppb Au.  Within the anomaly there are several small adits.  Approximately 600 metres to the south of the above, limited sampling has outlined a 100 metre long x 25 metre wide and open along strike gold in soil anomaly.  Maximum value is a sample assaying 1776 ppb Au taken from an area of historical drifting. 

Sampling in the vicinity of the Providence Extension showed two sites to contain anomalous gold values with one site assaying 159 ppb Au, the other 30 metres to the north assaying 12 ppb Au.

Soil sampling along strike to the north of the formerly producing Star King Mine located on the properties eastern boundary showed a 400 metre long by up to 75 metre wide long anomaly in which the values range between 10 and 25 ppb Au.  The soil anomaly appears to merge with the Fairplay Anomaly in the vicinity of the Consuelo Shaft.

Soil samples were collected on a grid using pre-determined GPS points.  The grid was oriented with lines striking at 32o.  Spacing between lines was 50 metres with stations established at 25 metre intervals along the lines.  At each site the station was established and a “B Horizon” soil collected using a mattock or shovel at depths ranging from 15 to 30 cm.  The samples were placed into kraft paper sample bags, identified and stored in company residences prior to being sent for analysis.  All assaying was completed by Bureau Veritas Inspectorate Labs in either Reno, Nevada or Vancouver, Canada.  Bureau Veritas Inspectorate Labs has a worldwide ISO 9001 certification for its labs.


Qualified Person
John M. Kowalchuk, P.Geo, a geologist and qualified person (as defined under NI 43-101) has prepared and approved the technical information contained in this news release. Mr. Kowalchuk is a senior geologist consulting to the Company.

ON BEHALF OF THE BOARD

“Ronald Coombes”                                                               
Ronald Coombes, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-602-4935
Facsimile: 1-604-602-4936
Contact: Robert Eadie
or
Ronald Coombes
Mobile: 1- 604- 724-2369
rcoombes@providencegold.com

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

Private Placement Extended

VANCOUVER, BRITISH COLUMBIA – Providence Gold Mines Inc. (TSXV: PHD) (“Providence” or the “Company”) announces that the TSX Venture Exchange has extended the deadline to June 13, 2018 for filing final documentation for the previously announced private placement (see press releases dated February 27 and April 5, 2018). 

ON BEHALF OF THE BOARD

“Ronald Coombes”                                                               
Ronald Coombes, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-602-4935
Facsimile: 1-604-602-4936
Contact: Robert Eadie
or
Ronald Coombes
Mobile: 1- 604- 724-2369
rcoombes@providencegold.com

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.

Native Electrum (Gold/Silver) Identified

VANCOUVER, BRITISH COLUMBIA – Providence Gold Mines Inc. (TSXV: PHD) (“Providence” or the “Company”) is pleased to announce that preliminary electron probe analysis has identified free gold and electrum (gold-silver amalgam) in thin sections taken from underground rock samples submitted  for analysis to the University of British Columbia, Vancouver, B.C.

The Company is pleased that these discoveries further support the presence of high grade native gold mineralization and reinforce the previously reported historical mining production on the prolific property wide Providence Gold Mines system.

 Providence Gold Mines Inc. has an option to purchase a 100% interest in the Providence Gold Property located in the Eastern Belt of the Motherlode Gold District near the town of Tuolumne, California. Access to the property is by a combination of paved and gravel roads.  

The property hosts several formerly producing gold mines located along a 2.2 km segment of the north trending, east dipping Providence Gold Vein System.  Individual veins range from less than a centimeter to in excess of 3.0 metres in thickness with the overall average being 1.5 metres.   Sulphide content is less than 2%, consisting primarily of pyrite.  Within the veins, several near vertical plunging chutes of high grade gold mineralization occur that were mined at the beginning of the 20th Century.

Gold production was primarily from the northernmost 1200 metre segment of the Providence Gold Vein system, hosting from north to south the Bonita, Consuelo and Providence Mines.  In the 1894 Report of the State Mineralogist it states  “…On the Bonita vein a 440’ adit has been run and in it about 300’ from the mouth a 50’ winze sunk…”    In his report dated April 1932 Thompson states “…at the north end of the Bonita claim another mineralized shoot has been developed.  A small mill was used to reduce the mineralization from this shoot…  The mineralization was very good and this shoot, as far as worked paid handsomely…”

The Providence Mine operated until 1916.  Development at the mine consisted of a double compartment shaft sunk to a depth of 1470 feet on the dip of the vein system (45o).  Drifting was completed on twelve levels. Production was from stopes located throughout the workings.  According to a report written by Bluett (1916)  “…some of these known mineralized shoots and veins have been stoped out.  In others the mineralization is still in place…”  According to a newspaper clipping dated April 7, 1931 the Providence Mine “… from 1902 to 1912, when the mine was owned and operated by E.A. Wiltsee of San Francisco, yielded gold mineralization averaging $18 a ton(gold at $20/ounce) to a total of $3,000,000…”  According to a September 14, 1921 report by James Kendall “…the mine was not closed down for lack of good gold mineralization, but because of a disagreement between the owners and the parties to whom the mine had been leased, at the expiration of which the owners refused to grant an extension and suspended operations in the midst of active mining and milling of high grade gold mineralization from the 10th and 11th levels and while good  mineralized bodies were being developed on the 12th levels after which the lower levels filled with water and have never since been de-watered.  Thus the mineralized bodies in the lower six levels are in identically the same condition as they were when the mine ceased operations…”   Various reports have the gold production from the Providence Mine ranging from $700,000 to $4.5 million in 1916.

The surface workings and mills of the Providence, Consuelo and Bonita Mines, along with the operation records, were destroyed in a large brush fire in 1918. 

Because almost all of the technical information was destroyed in the 1918 fire, there is no way to document the accuracy of the above statements.  The above historical account was taken from several miners and engineers who worked in the mine or either visited it while in operation.  Although this information is believed to be factual, the comments are hearsay and cannot be relied upon.  The Company cannot guarantee the accuracy of these comments which pre-date the implementation of National Instrument 43-101.  The reader is cautioned not to place undue reliance on the historical data or its implications that have been derived from third-party sources.  They are included herein solely for historic context and background.

Qualified Person
John M. Kowalchuk, P.Geo, a geologist and qualified person (as defined under NI 43-101) has prepared and approved the technical information contained in this news release. Mr. Kowalchuk is a senior geologist consulting to the Company.

ON BEHALF OF THE BOARD

“Ronald Coombes”                                                               
Ronald Coombes, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-602-4935
Facsimile: 1-604-602-4936
Contact: Robert Eadie
or
Ronald Coombes
Mobile: 1- 604- 724-2369
rcoombes@providencegold.com

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.

Preliminary Geology Map Announced

VANCOUVER, BRITISH COLUMBIA – Providence Gold Mines Inc. (TSXV: PHD) (“Providence” or the “Company”) is pleased to announce it has completed an updated preliminary geology map for its high-grade gold Motherlode Providence Gold Mines property located near Sonora, California.

The geology map gives the Company better comprehension of the property’s prolific four main gold veins and significantly enhances the strike distance and the potential number of drill targets for the development of additional mineralized resources within the Providence group of gold mines. The new preliminary geology map can be reviewed on the Company’s website @ www.providencegold.com.   

Qualified Person

John M. Kowalchuk, P.Geo, a geologist and qualified person (as defined under NI 43-101) has read and approved the technical information contained in this news release. Mr. Kowalchuk is a senior geologist consulting to the Company

ON BEHALF OF THE BOARD

“Ronald Coombes”                                                               
Ronald Coombes, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-602-4935
Facsimile: 1-604-602-4936
Contact: Robert Eadie
or
Ronald Coombes
Mobile: 1- 604- 724-2369
rcoombes@providencegold.com

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.