Mr. Rob Clark reports

PROVENANCE GOLD ANNOUNCES THE APPOINTMENT OF JEFFREY ALAM AS SENIOR STRATEGIC BUSINESS ADVISOR

Jeffrey Alam has joined Provenance Gold Corp. as a senior strategic business adviser, to assist with building awareness of the company, strategy and execution, and securing new investments. Based in Hong Kong, Mr. Alam has over 30 years of experience with AIG, Morgan Stanley and Noble Group (where he was general counsel for 15 years and a member of the management committee). Mr. Alam has extensive hands-on experience raising capital, commodities trading and logistics, mining projects, marketing and offtake agreements, regulatory affairs, compliance, listing rules, and mergers and acquisitions, and has extensive business contacts in Hong Kong and across Asia.

After detailed reviews and discussions in relation to his own investment into the company, Mr. Alam was excited about the outlook for the company. Provenance Gold is the only microcap or junior exploration company that Mr. Alam has agreed to take an advisory role with to date.

Rob Clark, Provenance's president, states, "We are very excited to have Jeff join us in an advisory role as his extensive connections in addition to his expertise not only in the investment sector as a whole, but in the mining sector as well, falls perfectly in line with our plans to fast-track the company on all fronts for 2023."

The company also wishes to announce that it has made its payment in full to Nevada Select Royalty Inc. for the 2023 Eldorado property option payment in the amount of $125,000 (U.S.).

The company also announces that has granted three million stock options to various advisers, representatives, consultants and directors of the company. The options have an exercise price of 10.5 cents per share and have a 36-month term from the date of the grant and vest immediately.

About Provenance Gold Corp.

Provenance Gold is a precious metals exploration company with a focus on gold and silver mineralization within North America. The company currently holds interests in three properties, two in Nevada and one in eastern Oregon, United States.

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