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PAU.CN ·

Provenance Gold Announces Filing of NI 43-101 Technical Report on Silver Bow Property in Nevada

Resource Estimates Technical Reports (NI 43-101)

PROVENANCE GOLD CORP.

Suite 2200, 885 West Georgia Street

Vancouver, British Columbia V6C 3E8

www.provenancegold.com

Provenance Gold Announces Filing of NI 43-101 Technical Report on Silver

Bow Property in Nevada

April 26, 2024 – Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the “ Company” or

“Provenance”) is pleased to announce filing of an independent technical report for its Silver Bow

Property (the “ Property”) in south central Nevada with an effective date of August 10, 2023. The

purpose of this report is to provide an independent evaluation of the exploration potential of the

property for further exploration or joint venture opportunities. For details of the technical report,

please refer to the report filed under the Company's profile on SEDAR+ (www.sedarplus.ca), and on

the Company’s website (www.provenancegold.com).

Provenance identified robust targets for both high -grade and shallow bulk tonnage gold and silver

mineralization at Silver Bow. The Property contains an extensive locally high-grade gold and silver

mineralized system that is associated with two apparent calderas that are cut by major east-trending

structural zones at least five kilometers in length. The Property contains scattered historic high-grade

gold and silver workings and small historic mines. Numerous surface samples taken by historic

exploration companies and by Provenance contain high-grade gold and silver within extensive areas

of bleaching, alteration and brecciation.

While Provenance’s resources are largely dedicated to its more advanced Eldorado and White Rock

Projects, it still recognises the excellent exploration potential of Silver Bow. Provenance is open to

joint-venturing the Property to allow its more rapid advancement.

The Company previously signed a revised amendment to the original lease agreement for the Property

to retain the option on the original claims at the Company’s discretion with a $10,000 payment that

has been made and along with payment of $70,000 each November 30 for a period of seven years.

Qualified Person

The technical content disclosed in this press release was reviewed and approved by Jo Price, P.Geo.,

M.Sc., a Qualified Person as defined under National Instrument 43-101.

About Provenance Gold Corp.

Provenance Gold Corp. is a precious metals exploration company with a focus on gold and silver

mineralization within North America. The Company currently holds interests in Nevada, and eastern

Oregon, USA. For further information please visit the Company's website at

https://provenancegold.com or contact Rob Clark at [email protected].

On behalf of the Board,

Provenance Gold Corp.

Rauno Perttu, Chief Executive Officer

Safe Harbor Statement: Neither the Canadian Securities Exchange, nor its regulation services

provider, accepts responsibility for the adequacy or accuracy of this press release. This news release

may contain certain “Forward-Looking Statements” within the meaning of the United S tates Private

Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in

this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”,

“forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements

or information. Such statements represent the Company’s current views with respect to future events

and are necessarily based upon a number of assumptions and estimates that, while considered

reasonable by the Company, are inherently subject to significant business, economic, competitive,

political and social risks, contingencies and uncertainties. Many factors, both known and unknown,

could cause results, performance or achievements to be materially differ ent from the results,

performance or achievements that are or may be expressed or implied by such forward -looking

statements. The Company does not intend, and does not assume any obligation, to update these

forward-looking statements or information to refl ect changes in assumptions or changes in

circumstances or any other events affecting such statements and information other than as required

by applicable laws, rules and regulations.