Mr. Rauno Perttu reports

PROVENANCE GOLD DRILLS 16.8 METERS OF 13.04 G/T GOLD WITHIN 114 METERS OF 3.1 G/T GOLD FROM SURFACE AT ELDORADO

Provenance Gold Corp.'s ED-07 drill hole in Malheur county, eastern Oregon, has returned continuous mineralization over 114 metres of 3.1 grams per tonne gold ending in mineralization.

The attached table lists the complete gold assay summaries from the ED-07 drill hole.

This hole, which is over 200 metres away from the company's previously announced ED-04 drill hole, was drilled in proximity to historic hole R-01 but is a new drill hole designed to go farther into the gold system. The hole terminated in mineralization due to water coming into the drill hole which will not be an issue with core drilling in the future and will allow for much deeper holes.

Project manager Steve Craig explained, "Hole ED-07 is a huge success and it is exceptional because of the fully mineralized length of 114 metres and its overall high gold values that were found."

Chief executive officer Rauno Perttu stated, "This is exciting because our newly found high-grade mineralization in and below the historically projected gold volume suggests that our current and future drilling could increase this gold volume substantially."

The company reports that ED-05 and ED-06 were both mineralized over significant lengths but did not reach the company's threshold of material event as these are holes designed to help confirm the historical database. These are being further analyzed and will be reported in detail at the completion of the drill program.

Quality assurance and quality control

The reverse-circulation drilling program utilized by Provenance completed a quality assurance/quality control program (QA/QC) with control samples consisting of standards, blanks, lab duplicates and field duplicates inserted approximately every 30 metres. Control samples were randomly inserted into the sample stream prior to being sent to the laboratory. The RC drill sampling was in 1.5-metre intervals. Drill samples were taken to Paragon Geochemical, an International Organization for Standardization 9001-compliant company in Sparks, Nev., for fire assaying for gold. The rejects and pulps remain with Paragon in Sparks, Nev. The QA/QC program was implemented as part of the sampling procedures for the exploration program.

Qualified person

Steven Craig, CPG, project manager for the company, and a qualified person as defined under National Instrument 43-101, has reviewed, and approved the technical contents of this news release.

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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