Mr. Ronald Coombes reports

PROVIDENCE GOLD MINES INC. ANNOUNCES FINAL APPROVAL OF REVIEWABLE TRANSACTION AND THE LA DAMA DE ORO GOLD PROPERTY NI43 101 REPORT

Further to the news release of Oct. 22, 2025, Providence Gold Mines Inc. has received regulatory final approval for its reviewable transaction involving La Dama de Oro project and La Dama de Oro National Instrument 43-101 report. The report can be reviewed on SEDAR+. The company thanks the exchange for its prompt review of the transaction.

The property

La Dama de Oro gold property is a historical high-grade gold producer, has permits for water, road, environmental, plan of operations and mill site, and is approved for a 1,000-ton bulk sample. The property has had no drilling or any modern-day scientific exploration, and, consequently, has no developed or identified NI 43-101-compliant resources.

La Dama de Oro property is located in the Silver Mountain mining district within the structurally complex Eastern California shear zone and the intersection with the San Andreas fault zone. Bedrock geology includes Mesozoic quartz monzonite that intrudes the Jurassic sidewinder volcanics. The structural geology of the region implies a sequence of compressional and extensional events that reactivated favourably oriented zones of weakness for the circulation of hydrothermal fluids. The main zone of mineralization is hosted by La Dama de Oro fault, a shallow northeast-dipping oblique-slip fault.

The mineralization at the property is classified as a structurally controlled, low-sulphidation epithermal gold-silver vein system. Gold and silver mineralization is associated with multiphase quartz veining, brecciation and pervasive hydrothermal alteration along La Dama de Oro fault. The largest known vein is 4.5 feet at its widest point and remains open to exploration for over 6,000 feet. The gold system has potential not just within La Dama de Oro vein and other known veins, but for additional discovery of other parallel veins.

Ronald A. Coombes, president and chief executive officer, stated, "Having all permits in place provides no uncertainty to realize opportunity to seize the robust potential of the La Dama de Oro gold and silver property."

The scientific and technical information contained in this news release has been reviewed and approved by Zachary Black, SME-RM, a qualified person as defined under NI 43-101. Mr. Black is a consultant and is independent of Providence.

We seek Safe Harbor.