Provenance Gold Advances Exploration Plans at Eldorado West

• Provenance Gold Corp. submitted an Exploration Plan of Operations to the Bureau of Land Management (BLM) for its Eldorado West Gold Project in eastern Oregon.
• The plan facilitates expanded drilling, including in-fill and step-out drilling, to define and expand the known mineralized footprint.
• The Company is transitioning from quarterly to semi-annual financial reporting (SAR) under a British Columbia Securities Commission Blanket Order.
• Eligibility for SAR confirmed based on annual revenues under $10 million and a clean 12-month continuous disclosure record.
• New reporting schedule involves audited annual statements due within 120 days of December 31; six-month interim reports due within 60 days of June 30.

• The BLM submission is a procedural milestone required to proceed with the expanded drilling program announced in previous months (May 12, March 26). It validates management's execution but does not introduce new geological data or resource estimates.
• Transitioning to semi-annual reporting reduces administrative costs and burdens for a small-cap issuer but decreases disclosure frequency, which may reduce transparency for investors monitoring short-term cash burn.
• The news is consistent with the trajectory established by the May 12 drill results (EC-06) and February metallurgical testing initiation. It confirms the company is moving forward with its exploration strategy without unexpected surprises.
• Given the stock price decline from $0.34 to $0.18 despite positive geological news earlier in the year, this update is viewed as incremental rather than transformative by the market.

• Company: Provenance Gold Corp., a junior exploration company focused on gold assets in Oregon, USA.
• Flagship Project: Eldorado West Gold Project located in eastern Oregon.
• Project Status: Advanced exploration stage with drilling ongoing (Herman Area, Tyee Area). Metallurgical testing initiated to assess processing routes (heap leach vs CIL).
• Geology: Mineralization hosted within altered and brecciated diorite and metasediments along contact zones. System described as broad, continuous, and open in all directions.
• Management: Rob Clark assumed roles of President and CEO following the retirement of Rauno Perttu (now Chairman) in February 2026.