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PHD.V ·

Providence Gold Receives Grant from the Natural Sciences and Engineering Research Council of Canada

Corporate Updates

March 19, 2018 Trading Symbol: PHD

Providence Gold Receives Grant

from the Natural Sciences and Engineering Research Council of Canada

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

is pleased to announce it has received an Engage Grant from the Natural Sciences and Engineering Research

Council of Canada in partnership with the University of British Columbia.

Members of the Mineralogical Research Group at the University of British Columbia, headed by Professor Lee

A. Groat, stated, “We are excited to begin studying the Providence Gold Mines to aid in exploration and

ultimately exploitation of the resource.”

The study will include the mineralogy, geology, geochemistry, geometallurgical factors, geochronology, etc. and

will result in a much improved understanding of the deposit and of the Mother Lode Gold Belt in general. The

Company and the University applied for and has now received an Engage Grant from the Natural Sciences and

Engineering Research Council (NSERC) of Canada. Work will start immediately, and in particular will study the

composition, morphology, and associations of the gold mineralization.

In addition, the Company is now receiving drill contractor proposals in preparation for the planned drill

program for its Providence Group of Gold Mines property located within easy driving distance from the City of

Sonora, California.

ON BEHALF OF THE BOARD

“Ronald Coombes”

Ronald Coombes, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Robert Eadie: (604) 602-4935

Or Ronald Coombes: (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