Announces Extension of Private Placement

Providence Gold Mines Inc.

Announces Extension of Private Placement

June 29th, 2020 TSX-V: PHD

OTC: PRRVF

Providence Gold Mines Inc. (the “Company”) announces that it has received an extension from the

TSX Venture Exchange (“TSX-V”) with respect to the duration of its previously announced

private placement (the “Private Placement”) (please see the Company’s press releases dated May

19th, 2020). The outside date upon which final acceptance of the Private Placement will be granted

by the TSX-V has been extended by 30 days. While the Company has closed a first tranche of the

private placement it applied for an extension to accommodate investors who have been unable to

complete their subscriptions due to delays caused by COVID-19.

ON BEHALF OF THE BOARD

"Ronald Coombes"

Ronald Coombes, President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that

term is defined in the policies of the TSX Venture Exchange) accepts