FRANKFURT EXCHANGE: 7RH1-F NR-26- 03 Providence Gold Mines Inc. Increases Financing
TSX-V: PHD
OTC-PINKS: PRRVF
FRANKFURT EXCHANGE: 7RH1-F
NR-26- 03
Providence Gold Mines Inc. Increases Financing
VANCOUVER – February 4, 2026, Providence Gold Mines Inc. (“Providence” or the “Company”) announces that
further to the news release of January 16, 2026 that the Company is increasing the announced Private Placement
of up to $150,000, to up to $180,000. Each Unit consists of one common share and one full non-transferable
warrant repriced to $0.065 from $0.05. The warrants are exercisable for a period of two years from the date of
issue. Finder’s fees may be paid at 7% cash and 7% finder’s warrants exercisable at $0.065 for a period of one
year from the date of issue.
The proceeds from the Private Placement will be used for administration and continued sampling of the
underground and surface workings to evaluate the potential of the available mineralization in advance of the
planned 1000-ton bulk sample at the La Dama De Oro gold and silver property.
Remedial Road work on the main access road has been completed during the past several weeks. Once sampling
confirms the robust potential mineralized zone the Company then plans to commence the 1000-ton bulk sample
by April 2026.
The Property:
The La Dama de Oro gold property is a historical high grade gold producer and has permits for Water, Road,
Environmental, Plan of Operations, Mill Site, and is approved for a bulk sample The Property has had no drilling
or any modern-day scientific exploration and consequently has no developed or identified NI 43 101 compliant
resources.
The La Dama de Oro Property is in the Silver Mountain Mining District, within the structurally complex Eastern
California Shear Zone and the intersection with the San Andreas Fault Zone. Bedrock geology includes Mesozoic
quartz monzonite that intrudes the Jurassic Sidewinder Volcanics. The structural geology of the region implies a
sequence of compressional and extensional events that reactivated favorably oriented zones of weakness for the
circulation of hydrothermal fluids. The main zone of mineralization is hosted by the La Dama de Oro Fault, a
shallow northeast-dipping oblique-slip fault.
The mineralization at the property is classified as a structurally controlled, low-sulfidation epithermal gold-silver
vein system. Gold and silver mineralization is associated with multi-phase quartz veining, brecciation, and
pervasive hydrothermal alteration along the La Dama de Oro Fault. The largest known vein is 4.5 feet at its widest
point and remains open to exploration for over 6,000 feet. The gold system has potential not just within the La
Dama de Oro vein and other known veins but as well for additional discovery of other yet to be discovered veins.
The scientific and technical information contained in this news release has been reviewed and approved by
Zachary Black, SME-RM, a Qualified Person as defined under NI 43-101. Mr. Black is a consultant and is
independent of Providence Gold Mines Inc.
For more information, please contact Ronald Coombes, President, and CEO of the Company.
Ronald A. Coombes, President & CEO
Phone: 604 724 2369
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Neither the OTCQB and or 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.
All statements, trend analysis and other information contained in this press release relative to markets about anticipated future
events or results constitute forward-looking statements. All statements, other than statements of historical fact, included herein,
including, without limitation, statements relating to the permitting process, future production of Providence Gold Mines, budget
and timing estimates, the Company’s working capital and financing opportunities and statements regarding the exploration
and mineralization potential of the Company’s properties, are forward-looking statements. Forward-looking statements are
subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to
differ materially from those contained in the forward- looking statements. Important factors that could cause actual results to
differ materially from Providence Gold Mines expectations include fluctuations in commodity prices and currency exchange
rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need
for cooperation of government agencies and native groups in the exploration and development of properties and the issuance
of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and
terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated
program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking
statements are based on estimates and opinions of management at the date the statements are made. Providence Gold Mines
does not undertake any obligation to update forward-looking statements except as required by applicable securities laws.
Investors should not place undue reliance on forward-looking statement