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PAU.CN ·

Provenance Gold to Conduct Private Placement

Financings

PROVENANCE GOLD CORP.

Suite 2200, 885 West Georgia Street

Vancouver, British Columbia V6C 3E8

NEWS RELEASE

Provenance Gold to Conduct Private Placement

July 25, 2019 – Vancouver, British Columbia – Provenance Gold Corp. (CSE: PAU) (3PG: FSE) (the

“Company”) is pleased to announce that it will conduct a non-brokered private placement of up to

2,500,000 units (each, a “Unit”) at a price of $0.15 per Unit. Each Unit will consist of one common share

of t he Company (each, a “ Share”) and one -half of one commo n share purchase warrant (each, a

“Warrant”) with each whole Warrant entitling the holder thereof to purchase one additional common

share (each, a “ Warrant Share”) of the Company at a price of $0.30 per Warrant Share for a period of

twenty four (24) months from their date of issue.

Proceeds of this private placement will be used to advance the Company’s projects as previously

announced and for general working capital. All securities issued in connection with the private

placement will be subject to a four -month-and-one-day statutory hold period in accordance with

applicable securities laws.

About Provenance Gold Corp.

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

resources within North America. The C ompany currently holds interests in Nevada, USA and Yukon,

Canada and is actively involved and working within both jurisdictions. For further information,

sponsorship or funding enquiries please visit the Company’s website at https://provenancegold.com or

contact Rob Clark @ [email protected] .

On behalf of the Board,

Provenance Gold Corp.

Rauno Perttu, Chief Executive Officer

Neither the CSE, nor its regu lation services provider, accepts responsibility for the adequacy or accuracy of this

press release.

Statements included in this announcement, including statements concerning our plans, in tentions and expectations,

which are not historical in nature are in tended to be, and are hereby identified as “forward -looking statements”.

Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”,

“expects” and similar expressions. The Company cautions readers that forward-looking statements, including

without limitation those relating to the Company’s future operations and business prospects, are subject to certain

risks and uncertainties that coul d cause actual results to differ materially from those indicated in the fo rward-

looking statements.