Mr. Rob Clark reports

PROVENANCE GOLD APPOINTS VICE PRESIDENT OF EXPLORATION

Provenance Gold Corp. has appointed Luke Schranz as vice-president of exploration, effective immediately.

Mr. Schranz will be responsible for the day-to-day operations, planning and overseeing all aspects of the company's technical programs with a dedicated focus on elevating and advancing the discovery at Eldorado.

Mr. Schranz has extensive leadership and on-the-ground experience working and managing drilling, geologic mapping, and prospecting programs in the Western United States and globally. He holds a bachelor of science in geology and geological engineering from the University of Wisconsin-Madison and a master of science in geology from the University of Nevada in Reno. Mr. Schranz has worked on several large projects including roles as technical project manager at South32's Roosevelt project, consultant for Kinross at the Kettle River-Curlew project, senior geologist and director of technical services at Scout Discoveries Corp., and ore control geologist at Hecla Mining Company's Fire Creek mine.

Rob Clark, Provenance's president, comments: "We are thrilled to welcome Luke to Provenance. We are confident that Luke's leadership, focus and dedication will propel our exploration plans forward with meticulous thoroughness and maximum efficiency. With an aggressive exploration program planned for 2026, Luke's deep expertise in gold exploration and execution will be instrumental for our company's advancement."

Paramount Gold Grassy Mountain gold project federal approval

Provenance would like to congratulate Paramount Gold on the recent signing of a record of decision (ROD) on Jan. 29 by the Bureau of Land Management for the company's Grassy Mountain project located to the south of Provenance's Eldorado project, both in Malheur county. The ROD for the Grassy Mountain gold project is the federal approval that completes the NEPA environmental review and allows the project to advance from permitting into a construction-ready, shovel-ready stage on federal lands and paves the way for additional development of mining projects on federal lands in eastern Oregon.

Core assays

The company is awaiting assay results for six diamond core holes recently completed at Eldorado East. Core drilling focused primarily on the new discovery area at Herman (see press release dated Nov. 5, 2025) as well as a previously unexplored area between zones 2 and 3 in the Tyee area. As of this date, assays remain pending for this core drilling program and will be released once received and reviewed.

Options

In connection with this appointment, the company has issued 1.25 million options exercisable at 30 cents per share that vest 20 per cent every six months and exercisable for four years.

Qualified person

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

About Provenance Gold Corp.

Provenance Gold is a precious metals exploration company focused on its flagship Eldorado gold project in eastern Oregon. The company is actively advancing the project through systematic drilling, geological modelling and expansion of its mineralized zones. Provenance's portfolio also includes additional exploration-stage assets in Nevada, United States.

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