File: Attachment 2026 05 21 - PHD NR Blanket Order 51-933.pdf

TSX-V: PHD OTC-PINKS: PRRVF FRANKFURT EXCHANGE: 7RH1-F

NR-26 05

Providence Gold Mines Inc. Announces Adoption of Quarterly Reporting Exemption Under

Coordinated Blanket Order 51-933

VANCOUVER May 21, 2026, Providence Gold Mines Inc. ("Providence" or the "Company") announces that it has elected to rely on Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers and move to semi-annual financial reporting ("SAR")

Coordinated Blanket Order 51-933 allows eligible venture issuers listed on the TSX Venture Exchange (the "TSXV") to voluntarily move from a quarterly to a semi-annual financial reporting framework. The Company's fiscal year ends on December 31. Under the SAR pilot program, the Company will be exempt from filing interim financial reports and related Management's Discussion & Analysis for its first and third quarters:

dot Interim Period: The Company will not file an interim report for the first quarter (Q1) ending March 31, 2026 or the third quarter (Q3) ending September 30, 2026; and

dot Ongoing Reporting: Providence will continue to file audited annual financial statements (due within 120 days of December 31, 2026) and six-month interim financial reports (due within 60 days of June 30, 2026).

The Company confirms it meets the pilot program's eligibility criteria, which include being a venture issuer with annual revenues of less than $10 million.

This news release is being filed pursuant to Coordinated Blanket Order 51 - 933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers.

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

Ronald A. Coombes, President & CEO Phone: 604 724 2369 roombes@providencegold.com CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Neither the OTCQB and or 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 this release.

All statements, trend analysis and other information contained in this press release relative to markets about anticipated fu ture events or results constitute forward -looking statements. All statements, other than statements of historical fact, included he rein, including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, bud get and timing estimates, the Company's working capital and financing opportunities and statements regarding the exploration and mineralization potential of the Company's properties, are forward -looking statements. Forward -looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward - looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permit s; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones ; and uncertainty as to timely availability of permits and other governmental approvals. Forward -looking statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines does not undertake any obligati on to update forward -looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward -looking statement