Providence Gold Discovery Targets Update

TSXV: PHD

USOTC: PRRVF

June 22, 2021 7RH1 “GR- FRANKFURT

Providence Gold Discovery Targets Update

VANCOUVER – June 22, 2021. Providence Gold Mines Inc. (“Providence” or the “Company”) (TSXV:

PHD) further to the recent press release dated, June 7, 2021 the Company is pleased to announce that

a “Spidex” excavator contractor has been commissioned to be onsite July 10, 2021. The purpose of the

program is to trench and sample the recently announced gold discoveries on its Providence Gold

Property located nearby the city of Sonora, California.

Surface reconnaissance at the location of a previously reported circular, (and approximately 4 metres

in diameter), gold-in-soil anomaly confirms the discovery of a localized coincident sericitic alteration

bloom which appears to be associated to a prominent cross-fault. This surface exploration gold target

appears to be situated north of, and in the footwall of the Fairplay Lode, which hosts the Providence

North and South Ore shoots.

Ronald Coombes, President and CEO states, “The historical Providence group of high-grade gold mines

continues to produce potentially significant new gold targets. The Company is excited to trench these

new surface gold targets. Without today’s technological advantages, like the old timers, we would have

walked right over these zones without taking a second look, as there is no evidence of outcrop. It is

exciting having not only the potential further development of the historical gold mines, but to as well

potential for new deposits right from surface. The Providence Group of Gold Mines is truly a very

promising gold property”.

Trenching of two others recently discovered separate barren sericitic alteration blooms is also planned.

These two zones potentially represent new exploration targets. Typically, these intense barren sericitic

alteration blooms constitute high-confidence exploration targets at Mother Lode Belt mine properties.

Qualified Person:

David Turner, P.Geo. is the Company’s qualified person (as defined under NI 43-101) and

has read and approved the technical information contained in this news release.

ON BEHALF OF THE BOARD

"Ronald Coombes"

Ronald A. Coombes, President & CEO

Office: (604) 688-8200

Email: [email protected]

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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 statements.

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