Mr. Rauno Perttu reports

PROVENANCE GOLD UPSIZES PRIVATE PLACEMENT FINANCING TO $2 MILLION

Provenance Gold Corp., due to strong investor interest, is upsizing its previously announced non-brokered private placement.

The private placement will now consist of up to 10 million units at a price of 20 cents per unit for gross proceeds of up to $2-million. Each unit will consist of one common share of the issuer and one-half of one transferable common share purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share at a price of 25 cents for a period of three years. Subject to regulatory approval, the company anticipates the closing of the placement within the next two weeks.

The company intends to use the net proceeds of the offering for advancing its Eldorado project in eastern Oregon, with a systematic RC (reverse circulation) drilling program currently under way in addition to working capital and general corporate purposes.

All securities issued in connection with the placement will be subject to restrictions on resale for a period of four months and one day in accordance with applicable securities laws. The company may pay finders' fees to eligible third parties who have introduced subscribers to the placement.

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 Nevada and eastern Oregon.

We seek Safe Harbor.