Providence Gold Mines Inc. LA DAMA de ORO GOLD Update

Executive Summary

• Providence Gold Mines completed the first stage of comprehensive stockpile and underground sampling at the La Dama de Oro gold‑silver property in California.
• The initial phase included 121 ft of continuous trench sampling and channel samples across a 180 ft width to evaluate extensions of historic high‑grade veins, with results expected within three weeks.
• The company highlighted extensive untested east‑west and north‑south trending lodes and a newly discovered sheeted vein stockwork, indicating significant upside for future bulk‑sample drilling.

Key Details

• Sampling overseen by California‑registered geologist Mark Payne P.Geo. #7067 under Qualified Person Dr. Lee Groat (NI 43‑101).
• Trench sampling: 121 ft (37 m) continuous trench across three unprocessed rock piles at the 4,300‑ft level (1,310 mL) of the Mojave Girl Vein workings.
• Channel sampling: Collected at intervals over a 180 ft (55 m) width at the 4,180‑ft level (1,275 mL), targeting down‑dip extension of historic high‑grade ore chute.
• Samples sent to American Assay Labs (Sparks, NV) for 1,000‑gram screened metallic fire assay and/or 30‑gram conventional fire assay; analytical turnaround < 3 weeks.
• Property permits in hand for water, roads, environment, mill site, operations plan, and a 1,000‑ton bulk sample. No drilling to date – currently under modern scientific exploration.
• Historic veins: Mojave Girl (largest mined vein, 5 ft wide, open > 6,000 ft strike), Tarantula, and Mojave Boy; all have untested extensions.
• Newly identified sheeted vein stockwork on adjoining mountainside slated for further evaluation.
• Management expressed optimism about visible lode zones resembling Mother Lode orogenic gold‑quartz systems.

Notable Quotes

“The Company is excited and very optimistic about the potential of the visible lode zones… The accessed underground lode zones appear to have similar characteristics to other known orogenic‑type gold‑quartz vein systems such as those of the Mother Lode Gold Belt mines of northern California.” – Ronald A. Coombes, President & CEO

All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.