Stock Options Granted

August 1, 2017 Trading Symbol: PHD

News Release Stock Options Granted

Vancouver, British Columbia – Providence Gold Mines Inc. (TSXV:PHD) (“Providence Gold” or the “Company”) announced today that an aggregate of 2,000,000 incentive stock options have been granted to directors, officers, consultants and key employees at an exercise price of $0.16 per share. The options are exercisable for a period of five years, ending on August 1, 2022, and are subject to the requirements of the Exchange and the Company’s Stock Option Plan.

ON BEHALF OF THE BOARD

Signed “Robert Eadie”

Robert Eadie, Chairman and Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Telephone: 1-604-602-4935 Facsimile: 1-604-602-4936 Contact: Robert Eadie

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.

Suite 750 – 580 Hornby Street, Vancouver, B.C. V6C 3B6 Telephone: 604-602-4935  Fax: 604-602-4936 Website: www.providencegold.com