Mr. Rauno Perttu reports

PROVENANCE GOLD INTERCEPTS 160.60 G/T GOLD OVER 1.52M IN HOLE ED:22 AND 1.08 G/T GOLD OVER 28.96M IN HOLE ED:23, SIGNIFICANTLY EXPANDING MINERALIZED FOOTPRINT

Provenance Gold Corp. has released the results of an additional four reverse circulation drill holes totalling 647 metres of its continuing 2025 RC (reverse circulation) drilling program at the Eldorado West gold property in eastern Oregon. Assay results are currently pending for a further three holes totalling 640 metres.

This drilling was designed to confirm the extent of gold mineralization within zones 1 through 4 of the Tyee area and continue to demonstrate connectivity between these zones and test for mineralized feeder structures within the gold system. The latest results confirm multiple shallow-dipping mineralized sheets that connect historic mineralized areas into a single, cohesive system.

Highlights:

• The three completed holes exhibit broad, shallow-dipping, stacked, mineralized sheets over the 150 vertical metres tested, punctuated by high-grade gold intercepts within structures that are likely to serve as feeder zones; the mineralization remains open in all directions;
• ED-22: 160.60 grams per tonne gold over 1.52 m, intercepted high-grade mineralization within a newly identified structure in Zone 3, expanding the high-grade potential of the Tyee area by another 200 m to the west and opening potential to the north;
• ED-23: 1.08 g/t Au over 28.96 m, including 2.46 g/t Au over 7.62 m;
• ED-25: 0.82 g/t Au over 24.38 m, including 1.37 g/t Au over 12.19 m;
• Drilling continues within the newly permitted drill sites, which include the Herman area and Zone 4 of the Tyee area.

Provenance's chairman, Rauno Perttu, stated: "The exciting part of this program is that we believe it covers only a small portion of the gold system hosted on our property. I am also very excited about our newly permitted current drilling of the Herman area, followed by Zone 4, which we believe could unlock more feeder structures hundreds of metres in several directions from last year's drilling."

Drill assays

ED-22: Drilled to a depth of 129.54 m, hole ED-22 intersected two strongly mineralized zones between prior holes ED-18 and ED-19 and another high-grade gold-bearing structure previously undiscovered in Zone 3. Numerous visible gold grains were identified across several feet in the structure and demonstrate that the mineralized corridors between feeder structures can also contain areas of high-grade gold mineralization.

ED-23: Drilled to a depth of 204.22 m, hole ED-23 confirmed the model of broad, layered and moderately dipping gold zones, connected to mineralization intersected in previous holes ED-04, EC-02 and EC-03 and confirmed the northward expansion potential of the Tyee area.

ED-24: Hole ED-24 was lost at 50 m due to adverse ground conditions, resulting in no significant intervals.

ED-25: An offset to ED-24 was angled south from Zone 2 into the untested area between the discovery feeder zone and the Herman area. Drilled to a depth of 263.65 m, hole ED-25 returned multiple broad mineralized intervals, confirming the presence of widespread, broad mineralization south of Zone 2 and toward Zone 3.

Drilling program overview

Provenance's drilling program is now entering the newly permitted areas, which include:

• Significant stepouts into the Herman area 650 metres to the south of Zone 1;
• Extensions of Zone 4 farther west into previously untested areas;
• Selected targets for coming core drilling.

The objective of this planned drilling is to expand the broad, pervasively mineralized gold system and locate additional high-grade feeder zones or structures.

Sampling, laboratory and quality assurance/quality control

The company has implemented a QA/QC program to ensure sampling and analysis of all exploration work is conducted in accordance with industry best practices.

The RC (reverse circulation) drill chips were sampled at 1.5-metre intervals on site. A rotation of certified standards, blanks and field duplicates were inserted into the sample stream approximately every 30 metres. The company's QA/QC as well as the laboratory-inserted standards, blanks and duplicates were monitored closely upon receiving assay certificates from the laboratory. No discrepancies were reported in the reference samples inserted. The company will continue to monitor QA/QC procedures closely.

Provenance submitted samples for gold determination by PhotonAssay to fully accredited Paragon Geochemical in Reno, Nev. (ISO 17025:2017). PhotonAssay is a fast, accurate, non-destructive process to determine gold, silver and copper in geological and process samples. The technique uses gamma-ray activation to induce nuclear transitions in the elements of interest, which leads to photon emissions with highly characteristic energies. After analysis, the entire assay charge is returned intact and can be submitted for subsequent analyses such as geochemistry, cyanidation, metallurgical testing and environmental testing or retained for future verification.

RC samples were split on site and shipped to Paragon in Reno. Samples submitted to Paragon beginning in June and July, 2025, were processed, whereby the entire sample is coarsely crushed to approximately 70 per cent passing two-millimetre mesh and subsequently riffle split leaving an approximately 500-gram charge. The large assay charge of approximately 500 grams is introduced to the instrument, improving representativeness of the sample, particularly for those samples that may exhibit coarse gold.

Qualified person

The technical content disclosed in this press release was independently reviewed and approved by Jo Price, PGeo, MSc, a qualified person as defined under National Instrument 43-101.

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, USA.

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