Providence Gold Mines Announces Closing of Private Placement of Units

(TheNewswire)

April 25, 2025 – TheNewswire - Vancouver, BC - Providence Gold Mines Inc. ( TSX-V: PHD ) ( OTC-PINKS: PRRVF ) ( FRANKFURT EXCHANGE 7RH1=F ) (the “ Company ”) is pleased to announce that it has closed itspreviously announced non-brokered private placement (the“ PrivatePlacement ”), whereby the Company has completedthe issuance of 1,700,000 units of the Company (each, a“ Unit ”) at a price of $0.05 per Unit for gross proceeds of$85,000.

Each Unit consists of one commonshare in the capital of the Company (a “ Share ”) and onecommon share purchase warrant of the Company (a “ Warrant ”). EachWarrant entitles the holder to purchase one common share in thecapital of the Company (a “ Warrant Share ”) for a period of twenty-four(24) months from the date of issue at an exercise price of $0.09 perWarrant Share.

The Private Placement remains subject to finalacceptance from the TSX Venture Exchange. The securities offered inthe Private Placement are subject to a four month and one day transferrestriction from the date of issuance expiring on August 26, 2025, inaddition to such other restrictions as may apply under applicablesecurities laws of jurisdictions outside Canada. No finder’s feeswere paid in connection with the Private Placement.

The Company intends to use the proceeds of PrivatePlacement for general working capital purposes.

The securities being offered have not been and will notbe registered under the U.S. Securities Act and may not be offered orsold in the United States, or to, or for the account or benefit of,U.S. persons or persons in the United States, absent registration oran applicable exemption from the registration requirements. This pressrelease shall not constitute an offer to sell or the solicitation ofan offer to buy nor shall there be any sale of the securities in anyState in which such offer, solicitation or sale would beunlawful.

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

rcoombesresources@gmail.com

Cautionary Statements RegardingForward-Looking Information

This release includes certainstatements and information that may constitute forward-lookinginformation within the meaning of applicable Canadian securities laws.Forward-looking statements relate to future events or futureperformance and reflect the expectations or beliefs of management ofthe Company regarding future events. Generally, forward-lookingstatements and information can be identified by the use offorward-looking terminology such as “intends” or“anticipates”, or variations of such words and phrases orstatements that certain actions, events or results “may”, “could”, “should”,“would” or “occur”. This information and these statements,referred to herein as “forward?looking statements”, are nothistorical facts, are made as of the date of this news release andinclude without limitation, statements regarding discussions of futureplans, estimates and forecasts and statements as to management’sexpectations and intentions with respect to, among other things, theuse of the proceeds raised under the Private Placement.

These forward?looking statementsinvolve numerous risks and uncertainties and actual results mightdiffer materially from results suggested in any forward-lookingstatements. These risks and uncertainties include, among other things,market uncertainty and the risk that the Company will not be able touse the proceeds of the Private Placement as currently anticipated.

In making the forward lookingstatements in this news release, the Company has applied severalmaterial assumptions, including without limitation, that the Companywill use the proceeds of the Private Placement as currentlyanticipated.

Although management of the Companyhas attempted to identify important factors that could cause actualresults to differ materially from those contained in forward-lookingstatements or forward-looking information, there may be other factorsthat cause results not to be as anticipated, estimated or intended.There can be no assurance that such statements will prove to beaccurate, as actual results and future events could differ materiallyfrom those anticipated in such statements. Accordingly, readers shouldnot place undue reliance on forward-looking statements andforward-looking information. Readers are cautioned that reliance onsuch information may not be appropriate for other purposes. TheCompany does not undertake to update any forward-looking statement,forward-looking information or financial out-look that areincorporated by reference herein, except in accordance with applicablesecurities laws. We seek safe harbor.

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