Providence Gold Mines Inc. La Dama de Oro Gold, Bulk Sample and Financing Update

(TheNewswire)

VANCOUVER – TheNewswire - December 11, 2025 – ProvidenceGold Mines Inc. (TSX-V: PHD) (“ Providence ” or the“ Company ”) is extremelypleased to announce that it has entered into an underground mininglease agreement (the “ Lease ”) with Easy Mining Company Ltd . (“Easy Mining”).

Easy Mining is an experienced and well-regarded underground miningcontractor with operations in Canada and the United States and anoffice in Winnipeg, Manitoba. Providence welcomes Easy Mining’sinvolvement at the Company’s fully permitted La Dama de Oro gold-silver project .

Under the terms of the Lease, Providence grants Easy Mining the rightto explore and mine within the existing underground workings at the LaDama de Oro property, located in the Silver Mountain Mining District,California, USA. Easy Mining is authorized to extract a 1,000-ton bulksample over a twelve-month period commencing on the date of the signedagreement.

Easy Mining will be responsible for underground mining, exploration,and processing activities designed to evaluate mineralized materialand determine appropriate metallurgical methods. As part of the Lease:

1. Easy Mining will pay the La Dama de Oro the Property Optionor,“Mohave Gold Mining and Exploration Inc.”, a 2% Net SmelterRoyalty “NSR”

2. Any gross proceeds generated from bulk sample mining will then bedivided equally (50/50) between Easy Mining (the Lessee) andProvidence (the Lessor).
   

Ronald A. Coombes, President & CEO, commented : “Having all permits in place and securing anagreement with Easy Mining Company Ltd. provides a clear path toadvance and evaluate the La Dama de Oro gold-silver project.

Private PlacementUpdates

Further to the Company’s news releases dated September 12, 2025, andOctober 22, 2025, Providence has closed its previously announcedprivate placement. A total of 1,604,800 units were issued for grossproceeds of $80,240. Each unit consists of one common share and onefull, non-transferable warrant exercisable at $0.05 for a period oftwo years from the date of issuance.

Proceeds from the private placement will be used for generaladministration and for sampling activities to assess mineralizationpotential at the La Dama de Oro project. The Company intends toproceed immediately with work related to the permitted 1,000-ton bulksample.

New Unit Private Placement

The Company also, {subject to regulatory approval}, announces anon-brokered private placement of up to 2,000,000 units at a price of$0.05 per unit, for gross proceeds of up to $100,000. Each unit willconsist of:

• one common share; and
  

• one full, non-transferable warrantexercisable at $0.05 for a period of two years from the date ofissue.

For more information, please contact Ronald Coombes,President, and CEO of the Company.

Ronald A. Coombes, President& CEO

Phone: 604 724 2369

roombesresources@gmail.com.com

CAUTIONARY STATEMENTREGARDING FORWARD-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 and other informationcontained in this press release relative to markets about anticipatedfuture events or results constitute forward-looking statements. Allstatements, other than statements of historical fact, included herein,including, without limitation, statements relating to the permittingprocess, future production of Providence Gold Mines, budget and timingestimates, the Company’s working capital and financing opportunitiesand statements regarding the exploration and mineralization potentialof the Company’s properties, are forward-looking statements.Forward-looking statements are subject to business and economic risksand uncertainties and other factors that could cause actual results ofoperations to differ materially from those contained in the forward-looking statements. Important factors that could cause actual resultsto differ materially from Providence Gold Mines expectations includefluctuations in commodity prices and currency exchange rates;uncertainties relating to interpretation of drill results and thegeology, continuity and grade of mineral deposits; the need forcooperation of government agencies and native groups in theexploration and development of properties and the issuance of requiredpermits; the need to obtain additional financing to develop propertiesand uncertainty as to the availability and terms of future financing;the possibility of delay in exploration or development programs anduncertainty of meeting anticipated program milestones; and uncertaintyas to timely availability of permits and other governmental approvals.Forward-looking statements are based on estimates and opinions ofmanagement at the date the statements are made. Providence Gold Minesdoes not undertake any obligation to update forward-looking statementsexcept as required by applicable securities laws. Investors should notplace undue reliance on forward-looking statement

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