FRANKFURT EXCHANGE: 7RH1-F NR-26- 04 Providence Gold Mines Inc. Closes Financing
TSX-V: PHD
OTC-PINKS:
PRRVF
FRANKFURT EXCHANGE: 7RH1-F
NR-26- 04
Providence Gold Mines Inc.
Closes Financing
VANCOUVER – February 17, 2026, Providence Gold Mines Inc. (TSX-V: PHD) (OTC-PINKS:PRRVF)
(“Providence” or the “Company”) announces that further to its news releases dated January 9, 2026 and
February 4, 2026, the Company has closed the fully subscribed Private Placement in the amount of
$180,000, issuing a total of 3,6000,000 Units.
Each Unit consists of one common share at a price of $0.05 and one whole non-transferable warrant
exercisable for two years from the date of issue at a price of $0.065.
In connection with the closing, the Company paid $7,700 in Finders fees and issued 154,000 non-
transferable finders warrants. Each finders warrant is ex ercisable for 1 year from the date of issue at a
price of $0.065.
In addition, the Company has issued 2,000,000 common shares to Mohave Gold Mining and Exploration
Incorporated for the required first-year option payment for the La Dama de Oro Gold and Silver property.
The proceeds from the Private Placement will be us ed 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. Once sampling
confirms the robust potential mineralized zone the Company then plans to commence the permitted 1000-
ton bulk sample.
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 Exchan ge nor its Regulation Services Provider (as
that term is defined in the po licies of the TSX Venture Exchange ) accepts responsibility for the
adequacy or accuracy of this release.
All statements, trend analysis and other information co ntained in this press rel ease relative to markets
about anticipated future events or results constitu te 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 Provid ence 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 materia lly 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 co mmodity prices and currency exchange rates;
uncertainties relating to interpretation of drill resu lts and the geology, continuity and grade of mineral
deposits; the need for cooperation of government ag encies 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 availab ility of permits and other governmental approvals.
Forward-looking statements are based on estimate s 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