Stock Options Granted

August 1, 2017 Trading Symbol: PHD

News Release

Stock Options Granted

Vancouver, British Columbia – Providence Gold Mines Inc . (TSXV: PHD) (“ Providence

Gold” or the “Company”) announced today that an aggregate of 2,000,000 incentive stock

options have been granted to directors, officers, consultants and key employees at an exercise

price of $0.16 per share. The options are exercisable for a period of five years, ending on

August 1, 2022, and are subject to the requirements of t he Exchange and the Company’s Stock

Option Plan.

ON BEHALF OF THE BOARD

Signed “Robert Eadie”

Robert Eadie, Chairman and Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Telephone: 1-604-602-4935

Facsimile: 1-604-602-4936

Contact: Robert Eadie

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