PHD:CC - Providence Update on Tuolumne Property Lease
(TheNewswire)
April 21, 2025. - TheNewswire - Vancouver, BC - Providence Gold Mines Inc. (“theCompany”) announces that effective April 18, 2025, theCompany’s lease agreement with the Ellers Family Trust, dated March28, 2017 and amended April 24, 2019 and May 24, 2020, has beenterminated. The lease agreement granted the Company a lease of claimscomprising the Tuolumne Property in California (the " Property ") and options toacquire a 50% working interest in the Property or purchase 100% right,title and interest in the Property. The Company intends to focus itsefforts on securing a new lease for the Property on favorable terms tothe Company.
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 thisrelease.
ON BEHALF OF THE BOARD
“Ronald Coombes”
Ronald Coombes, President & CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Ronald Coombes
Mobile: 1- 604- 724- 2369
Cautionary Statements RegardingForward-Looking Information
This news release contains“forward-looking information” within the meaning of applicableCanadian securities legislation. “Forward-looking information”includes, but is not limited to, statements with respect to theactivities, events or developments that the Company expects oranticipates will or may occur in the future, including the completionand anticipated results of planned exploration activities. Generally,but not always, forward-looking information and statements can beidentified by the use of words such as “plans”, “expects”,“is expected”, “budget”, “scheduled”, “estimates”,“forecasts”, “intends”, “anticipates”, or “believes”or the negative connotation thereof or variations of such words andphrases or state that certain actions, events or results “may”,“could”, “would”, “might” or “will be taken”,“occur” or “be achieved” or the negative connationthereof.
Such forward-looking information andstatements are based on numerous assumptions, including among others,that the Company will be able to focus its efforts on securing a newproperty agreement. Although the assumptions made by the Company inproviding forward-looking information or making forward-lookingstatements are considered reasonable by management at the time, therecan be no assurance that such assumptions will prove to beaccurate.
There can be no assurance that suchstatements will prove to be accurate and actual results and futureevents could differ materially from those anticipated in suchstatements. Important factors that could cause actual results todiffer materially from the Company’s plans or expectations includerisks relating to the nature of the Company’s negotiations withcounter parties, fluctuating gold prices, availability of capital andfinancing, general economic, market or business conditions, regulatorychanges, timeliness of government or regulatory approvals and otherrisks detailed herein and from time to time in the filings made by theCompany with securities regulators.
Although the Company has attempted to identify important factors thatcould cause actual results to differ materially from those containedin the forward-looking information or implied by forward-lookinginformation, there may be other factors that cause results not to beas anticipated, estimated or intended. There can be no assurance thatforward-looking information and statements will prove to be accurate,as actual results and future events could differ materially from thoseanticipated, estimated or intended. Accordingly, readers should notplace undue reliance on forward-looking statements orinformation.
The Company expressly disclaims any intention or obligation to updateor revise any forward-looking statements whether as a result of newinformation, future events or otherwise except as otherwise requiredby applicable securities legislation. We seek safe harbor.
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