Update on Tuolumne Property Lease
PROVIDENCE
Update on Tuolumne Property Lease
TSX-V PHD
April 21, 2025. OTC-PINKS: PRRVF
FRANKFURT EXCHANGE 7RH1=F
Providence Gold Mines Inc. (“the Company”) announces that effective April 18, 2025, the Company’s lease
agreement with the Ellers Family Trust, dated March 28, 2017 and amended April 24, 2019 and May 24, 2020, has
been terminated. The lease agreement granted the Company a lease of claims comprising the Tuolumne Property in
California (the "Property") and options to acquire a 50% working interest in the Property or purchase 100% right, title
and interest in the Property. The Company intends to focus its efforts on securing a new lease for the Property on
favorable terms to the Company.
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.
ON BEHALF OF THE BOARD
“Ronald Coombes”
Ronald Coombes, President & CEO
FOR FURTHER INFORMATION PLEASE CONTACT:
Ronald Coombes
Mobile: 1- 604- 724-2369
Cautionary Statements Regarding Forward-Looking Information
This news release contains “forward-looking information ” within the meaning of applicable Canadian securities legislation. “
Forward-looking information ” includes, but is not limited to, statements with respect to the activities, events or developments
that the Company expects or anticipates will or may occur in the future, including the completion and anticipated results of planned
exploration activities. Generally, but not always, forward-looking information and statements can be identified by the use of words
such as “plans”, “expects”, “is expected ”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “
anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain
actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the
negative connation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company
will be able to focus its efforts on securing a new property agreement. Although the assumptions made by the Company in providing
forward-looking information or making forward-looking statements are considered reasonable by management at the time, there
can be no assurance that such assumptions will prove to be accurate.
There can be no assurance that such statements will prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from
the Company ’s plans or expectations include risks relating to the nature of the Company’s negotiations with counter parties,
fluctuating gold prices, availability of capital and financing, general economic, market or business conditions, regulatory changes,
timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the
Company with securities regulators.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those
contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements
will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended.
Accordingly, readers should not place undue reliance on forward-looking statements or information.
The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a
result of new information, future events or otherwise except as otherwise required by applicable securities legislation. We seek
safe harbor.