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PHD.V ·

Providence GOLD Announces Grant of Incentive Stock Options

Share Capital & Compensation

Suite 501 - 595 Howe Street Vancouver B.C. Canada V6C 2T5

PROVIDENCE GOLD ANNOUNCES

GRANT OF INCENTIVE STOCK OPTIONS

May 3, 2019 Trading Symbol TSX: V - PHD

Providence Gold Mines (TSX-V: PHD)(“the Company”) announces that, pursuant to its stock option plan

and subject to regulatory approval, it has granted 300,000 options to a director at an exercise price of

$0.15 for a term of five years. The securities represented by this grant will be subject to a four-month

hold period.

ON BEHALF OF THE BOARD

“Ronald Coombes”

Ronald Coombes, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Ronald Coombes

Mobile: 1- 604- 724-2369

[email protected]

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.