Announces Extension of Private Placement

Providence Gold Mines Inc.

Announces Extension of Private Placement

February 13, 2025 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 January 16, 2025, November 20, 2024 and

December 6, 2024). The outside date upon which final acceptance of the Private Placement will be granted by

the TSX-V has been extended until March 12, 2025. While the Company has closed a first tranche of the private

placement it applied for an extension to February 13, 2025.

As previously announced the private placement of up to $1,700,000 Cdn for 34,000,000 units at $0.05 per unit.

Each unit will comprise of one common share and one non-transferable warrant, exercisable into one common

share of the Company at a price of $0.09 for a period of two years from the date of closing.

The funds from this placement will be used for evaluation of the new gold surface discovery reported for

reference on May 6,2024 and for a significant drilling program of up to 2500m designed to target the historical

McCarthy and Mexican shafts and as well as an area north of the Mexican shaft where significant ground

preparation provides a favorable structural setting for hanging wall splay veins analogous to the historical

”Bonanza” stope at the Providence mine first stope at surface alone produced 50,000 ounces. Ron Coombes

states, “exploration efforts have modelled potential for robust significant high grade gold targets”.

All securities issued will be subject to a hold period of four months and one day from the closing date of the

private placement, in accordance with applicable Canadian securities laws.

Qualified Person

Lee Groat Ph.D., P. Geo, a geologist and qualified person (as defined under NI 43-101) has read and approved of

the technical information contained in this news release.

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

ON BEHALF OF THE BOARD

"Ronald Coombes"

Ronald Coombes, President & CEO