Providence Gold Returns Positive Assays Results

Providence Gold

Returns Positive Assays Results

September 4, 2019 TSX-V PHD

Providence Gold Mines Inc. (TSX-V: PHD) (“the Company”), further to its news release of August 7, 2019,

announces positive assay results received from one of several stockpiles. The stockpiled milled material

collected from several years of historical mine operations that ceased in 1916 appears to be amenable to

processing.

Brian Ray PGeo states: “ The initial results are extremely encouraging, as there is a potentially

significant volume of material containing good gold values”

Given these recent assay results the Company is now confident that historically mined and milled material

has not been re-processed and that the stockpile represents a significant potential cash flow opportunity for

the project - especially given the current rising price of gold (see table 1) (table 2)

Trench assays results (Table 1) and (Table 2)

Table 1

Sample WGHT Au Length

32m

Sample WGHT Au

# KG (g/t) Trench # KG (g/t) Trench

2981169 0.51 18.70 T1 2980298 0.54 1.159 T1

2981170 1.86 1.481 T1 2980299 0.62 1.927 T1

2981171 2.37 1.031 T1 2981051 0.34 0.319 T1

2981172 1.09 0.655 T1 2981053 0.72 1.566 T1

2981174 1.34 0.754 T1 2981054 0.62 1.417 T1

2981175 1.45 1.531 T1 2981056 0.70 1.583 T1

2981176 1.70 0.396 T1 2981058 0.67 1.773 T1

2981178 1.04 0.333 T1 2981059 0.71 3.425 T1

2981180 0.99 2.922 T1 2981060 0.46 1.656 T1

2981194 1.96 0.76 T1 2981061 0.52 1.407 T1

2980292 0.53 0.902 T1 2981062 0.66 0.666 T1

2980293 0.73 0.319 T1 2981063 0.66 1.893 T1

2980295 0.55 0.337 T1 2981064 0.44 1.145 T1

2980297 0.50 0.534 T1

Due to the specific mineralization grain size, the Company is now exploring sample size protocol for

preparation screen size to 50 mesh in order to capture the full potential of the tested sample material.

Table 2

Sample WGHT Au

Length

36m Sample WGHT Au

# KG (g/t) Trench # KG (g/t) Trench

2980252 1.21 2.015 T2 2980280 1.54 9.567 T2

2980253 1.39 0.448 T2 2980284 1.28 0.33 T2

2980254 2.81 0.732 T2 2980285 1.31 2.349 T2

2980261 1.54 4.632 T2 2980288 1.84 0.681 T2

2980262 3.57 3.772 T2 2980289 1.3 1.424 T2

2980271 2.18 3.133 T2 2980290 1.37 0.464 T2

2980275 1.87 0.363 T2 2980291 1.64 0.318 T2

2980277 1.67 9.224 T2 7 0.67 2.04 T2

2980279 1.21 0.308 T2

The samples were tested by Bureau Veritas Minerals of Sparks Nevada, using 30 gm lead collection fire

assay fusion for total sample digestion with AA finish. All Au>10 ppm are automatically analyzed by

gravimetric method.

The Company is continuing to evaluate the stockpile with the projection that deeper sections may represent

earlier stages of the mine’s high - grade mineralization; with the ongoing objective being to design a projected

grade and to establish best recovery methods.

Qualified Person

Brian Ray M.Sc., 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

We invite all shareholders and stakeholders to join the Providence Gold Mines portal on 8020 Connect. Join

here: http://b.link/Providence

ON BEHALF OF THE BOARD

"Ronald Coombes"

Ronald Coombes, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT: Ronald Coombes

Mobile: 1- 604- 724-2369

Email: [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