Providence Gold Mines Inc. (the “Company”) wishes to announce the grant, subject to regulatory approvals, of incentive stock options to purchase, in aggregate, 1,560,000 shares of its common stock. The options have been granted to directors, officers and employees of the Company and

July 31, 2020 TSX-V: PHD

OTC: PRRVF

Providence Gold Mines Inc. (the “Company”) wishes to announce the grant, subject to regulatory approvals, of incentive stock options to purchase, in aggregate, 1,560,000 shares of its common stock. The options have been granted to directors, officers and employees of the Company and are granted under the Company’s stock option plan and are exercisable at a price of $0.14 for a period of three years.

ON BEHALF OF THE BOARD

"Ronald Coombes"

Ronald Coombes, President & CEO

Mobile: 1- 604- 724-2369 [email protected]

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 this release.