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PHD.V ·

Providence GOLD Mines Discovers Evidence of Extensions of Parallel GOLD Zones

Exploration Programs

November 20, 2017 Trading Symbol: PHD

News Release

PROVIDENCE GOLD MINES DISCOVERS EVIDENCE OF EXTENSIONS

OF PARALLEL GOLD ZONES

VANCOUVER, BRITISH COLUMBIA – Providence Gold Mines Inc. (TSXV:PHD ) (“Providence" or the

"Company") announces that the Company’s efforts continue to yield success in locating both historical

and new gold zones.

During our continued phase one exploration program our g eologists have discovered physical evidence

of extensions of parallel gold zones. One adit we believe is known as the Goldwin zone, as reported by F.

Leland, Mining Engineer, in a report dated April 15, 1935. Recently reported modeling from the

Company’s available data identified a soil anomaly which was assum ed to represent the Goldwin

parallel vein. This has now been verified with the physical discovery of the location of the Goldwin

zone. Additionally, two other shafts were discovered along the Providence trend. These workings are

believed to be part of sou th extensions of the Providence. As previously reported, nearly all historical

mine plans and sections for the Providence Mine were consumed in a forest fire that destroyed the mill

complex in 1918.

The Company has now completed both hard rock and soil samplin g along the known gold trend. Assay

results are now pending.

Qualified Person

John M. Kowalchuk, P.Geo, a geologist and qualified person (as defined under NI 43 -101) has read and

approved the technical information contained in this news release. Mr. Kowalchuk is a senior geologist

consulting to the Company.

The Company will be displaying rock samples at the San Francisco Gold and Silver Summit at the Hilton

Hotel on November 20 and 21st.

ON BEHALF OF THE BOARD

“Ronald Coombes”

Ronald Coombes, President & CEO

Suite 750 – 580 Hornby Street, Vancouver, B.C. V6C 3B6

Telephone: 604-602-4935  Fax: 604-602-4936

Website: www.providencegold.com

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FOR FURTHER INFORMATION PLEASE CONTACT:

Telephone: 1-604-602-4935

Facsimile: 1-604-602-4936

Contact: Robert Eadie

or

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.

Suite 750 – 580 Hornby Street, Vancouver, B.C. V6C 3B6

Telephone: 604-602-4935  Fax: 604-602-4936

Website: www.providencegold.com