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PHD - Corporate Update

(TheNewswire)

VANCOUVER – TheNewswire - February 22, 2023 - Providence Gold MinesInc. (“Providence” or the “Company”) ( TSXV:PHD ) (OTC:PRRVF)(GR-FRANKFURT:7RH1) announces the followingcorporate changes.  The Company is very pleased to announce thateffective immediately that Richard T."Dick" Todd, EM, PLS. has become a director.

Mr. Richard T. "Dick" Todd graduated with theprofessional degree of Engineer of Mines (EM) and immediatelyemigrated to Australia to the position of Assistant Officer in Chargefor B.H.P. Co.  Ltd at their Iron Knob property in South Australia.He was promoted to Officer in Charge of a neighbouring mine at IronBaron where he took charge of the mine. During his time at Iron BaronDick earned the State of South Australia's Quarry Manager'sCertification. After 3 1/2 years in Australia, he returned to the U.S.in mid-1968 where he took on the position of Quarry Superintendent forKaiser Cement and Gypsum Corporation near Lucerne Valley, CaliforniaAfter many years with Kaiser Cement,

Mr. Todd then became a licensed Land Surveyor andstarted Todd Land Surveying in Big Bear Lake, California. He wascommissioned to complete a mining claim survey for the Oro goldproperty  laying out and mapping the entire 6,000 ft centerline ofthe La Dama de Oro Claim Group.

In 2008, Dick was commissioned by a mining companyto file a Plan of Operations with the BLM in 2009 to January of 2011,Dick assisted in the Exploration and Development Programs for the LaDama de Oro, In October 2012, after all, biological and archaeologicalrequirements were satisfied, the BLM granted the decision to allow thePlan of Operations.

Since then, Mr. Todd has resided in Sonora Californiaactively surveying. Providence Gold first had the pleasure beingintroduced to Mr. Todd in late 2017 at the Land Survey Branch inSonora CA.  Since that time Mr Todd has demonstrated an outstandingknowledge of the motherlode belt. The Company is very delightedhaving Mr. Todd become a director.

Other Announcements:

It is with deep regret and condolences we announce thepassing away of Dr. Alen Alper he was founder of Metal News and anadvisor and good friend of the Company.

The Company is pleased to announce that his son AlAlper junior and cofounder of Metal News has agreed to continue in hisdad’s footsteps to act as an advisor to the Company.

Additionally, we announce that director Mr. Kevin NishiCA. is retiring, and as such, is resigning from the board effectiveimmediately. The Company thanks Mr. Nishi for all his dedication, andwe wish Kevin and his family a very long prosperousretirement .

ON BEHALF OF THE BOARD

"Ronald Coombes"

Ronald A. Coombes, President &CEO

Phone: (6047242369 Email: rcoombes@providencegold.com

STAY TUNED! VISIT OUR WEBSITE FORMORE DETAILS

www.ProvidenceGold.com

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CAUTIONARY STATEMENT REGARDINGFORWARD-LOOKING INFORMATION

Neither the OTCQB and or the TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.

All statements, trend analysis andother information contained in this press release relative to marketsabout anticipated future events or results constitute forward-lookingstatements. All statements, other than statements of historical fact,included herein, including, without limitation, statements relating tothe permitting process, future production of Providence Gold Mines,budget and timing estimates, the Company’s working capital andfinancing opportunities and statements regarding the exploration andmineralization potential of the Company’s properties, areforward-looking statements. Forward-looking statements are subject tobusiness and economic risks and uncertainties and other factors thatcould cause actual results of operations to differ materially fromthose contained in the forward- looking statements. Important factorsthat could cause actual results to differ materially from ProvidenceGold Mines expectations include fluctuations in commodity prices andcurrency exchange rates; uncertainties relating to interpretation ofdrill results and the geology, continuity and grade of mineraldeposits; the need for cooperation of government agencies and nativegroups in the exploration and development of properties and theissuance of required permits; the need to obtain additional financingto develop properties and uncertainty as to the availability and termsof future financing; the possibility of delay in exploration ordevelopment programs and uncertainty of meeting anticipated programmilestones; and uncertainty as to timely availability of permits andother governmental approvals. Forward-looking statements are based onestimates and opinions of management at the date the statements aremade. Providence Gold Mines does not undertake any obligation toupdate forward-looking statements except as required by applicablesecurities laws. Investors should not place undue reliance onforward-looking statements.

Copyright (c) 2023 TheNewswire - All rights reserved.

Stock Information

Company Name: Pioneer Floating Rate Trust Shares of Beneficial Interest
Stock Symbol: PHD
Market: NYSE

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