PHD.V · 2019-11-07 12:00:00

Sampling Gold Assay Results

Drill Results

November 7, 2019 TSXV PHD

USOTC:PRRVF

Providence Gold Mines Inc. (TSX-V: PHD) (“the Company”) is pleased to announce an update to NR

dated June 27, 2019. Drill hole PM19-05 and surrounding area was recently excavated at surface and

uncovered the vein and zone which was then systematically chip sampled by continuous channel

samples every 0.5 meter along strike for a total distance of 7.5 meters. The vein remains open along

strike in both directions and the channel assay results are presented in table 1 below.

Table 1

Sample

# Type

From

Wgt

(Kg)

(g/t)

2981458 Qz vein PM19-05 0.00 0.50 3.7 1.115

2981459 Qz vein PM19-05 0.50 1.00 2.02 17.4

2981460 Qz vein PM19-05 1.00 1.50 5.44 0.484

2981462 Qz vein PM19-05 1.50 2.00 2.73 1.129

2981463 Qz vein PM19-05 2.00 2.50 4.4 0.612

2981464 Qz vein PM19-05 2.50 3.00 3.5 0.322

2981466 Qz vein PM19-05 3.00 3.50 5.68 1.332

2981467 Qz vein PM19-05 3.50 4.00 3.58 0.811

2981468 Qz vein PM19-05 4.00 4.50 3.03 0.467

2981469 Qz vein PM19-05 4.50 5.00 4.93 5.061

2981470 Qz vein PM19-05 5.00 5.50 4.34 1.818

2981471 Qz vein PM19-05 5.50 6.00 7.51 4.557

2981472 Qz vein PM19-05 6.00 6.50 5.9 2.183

2981473 Qz vein PM19-05 6.50 7.00 3.61 0.665

2981474 Qz vein PM19-05 7.00 7.50 5.43 1.509

Planning is now underway to excavate the thin layer of overburden and examine the exposure to

determine the true thickness of the zone.

Geological Map

Further drilling of the zone is now planned as part of the upcoming 2,900m drill program which can be reviewed

at www.providencegold.com

Qualified Person:

Brian Ray M.Sc., P.Geo. Head of Exploration and a 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

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