Mr. Rob Clark reports

PROVENANCE GOLD INTERSECTS 2.18 G/T GOLD OVER 83.82M INCLUDING 18.19 G/T GOLD OVER 1.68M AND 39.61 G/T GOLD OVER 0.91M AT THE HERMAN AREA

Provenance Gold Corp. has released assay results from the first two diamond drill holes in the Herman area, which forms part of the Eldorado West project in eastern Oregon. The two new holes from the Herman area tested the northern and southern strike extents and intersected broad, pervasive intervals of strong gold mineralization from surface, expanding the mineralization to the north and south.

Herman area highlights:

• EC-04:
  • 0.51 gram per tonne gold over 20.12 metres and 2.18 g/t Au over 83.82 m, including 18.19 g/t Au over 1.68 m and 39.61 g/t Au over 0.91 m, and 3.90 g/t Au over 11.13 m, including 22.62 g/t Au over 1.07 m, with mineralization hosted in altered and brecciated diorite and metasediments;
  • The mineralized zone first identified in ED-27 and ED-28 is also present at lower depths in the hole, assaying 0.32 g/t Au over 9.60m and 0.37 g/t Au over 5.64 m; this diorite-metasedimentary contact zone dips steeply to the east;
• EC-05:
  • 0.7 g/t Au over 46.48 m, including 1.97 g/t Au over 7.7 m and 0.36 g/t Au over 46.48 m, and 1.82 g/t Au over 10.52 m, including 8.73 g/t Au over 1.52 m, and 0.4 g/t Au over 43.59 m, including 1.02 g/t Au over 8.23 m, hosted in altered and brecciated diorite and metasediments;
  • A second mineralized contact zone returned assays of 0.26 g/t Au over 14.54 m and 0.36 g/t Au over 14.48 m; this diorite-metasedimentary contact zone remains steeply dipping and extends the open-ended mineralization for an additional 50 m to the south;
  • The drill hole also uncovered two additional mineralized zones assaying 0.48 g/t over 5.18 m ending in mineralization with 0.51 g/t Au over 4.42 m at a depth of 305.87 m.

Diamond drill holes EC-04 and EC-05 followed up on drill hole results from ED-27 and ED-28 (see press release dated Oct. 8, 2025) and confirmed that strong gold mineralization continues to both the north and south in the Herman area, intersecting broad gold mineralization that includes higher-grade zones and is hosted in mineralized contact zones, structures and breccias between the host sedimentary rocks and the various dioritic intrusions (Table 1).

Provenance chief executive officer and president, Rob Clark, stated: "We continue to define a robust and broad target exhibiting multiple mineralized zones in the Herman area that remain open in all directions. We are pleased with both the strong, pervasive grades punctuated by high-grade intervals in hole EC-04 and the wide intervals of strong mineralization in hole EC-05, which have the potential to substantially increase the mineralized footprint of the Eldorado property. We look forward to receiving further assays from the core drilling program, including holes EC-06, EC-07 and EC-09 extending to the southwest in the Herman area, and hole EC-08, drilled in an unexplored region of the Tyee area. This project continues to deliver in terms of both grade and extent of mineralization, and we believe it is still in the early stages of growth."

Continuing exploration

Core processing is continuing for holes EC-06, EC-07 and EC-09, located in the Herman area and EC-08 located in the Tyee area. Results will be released as they become available. In addition, metallurgical testing is continuing, and a soil sampling program just commenced at Eldorado West, which is due to be completed within two weeks. Further announcements will be made in the near future covering drilling and exploration programs for this year.

Sampling, laboratory and quality assurance/quality control

On receipt from the drill site, the HQ-sized drill core was systematically logged for geological attributes, photographed and sampled at Provenance's core-logging facility. Sample lengths as small as 0.45 m were used to isolate features of interest; otherwise, a default 1.52-metre downhole sample length was used. Each sample is identified by a unique sample tag number, which is placed in the bag containing the core to be assayed. Once logged, the core was transported to ALS Global in Reno, Nev., for cutting and assaying. ALS Global is independent of the company.

Once at ALS Global in Reno, the core was cut in half lengthwise along predetermined lines, with one-half (same half, consistently) collected for analysis and one-half stored as a record. ALS Global meets all requirements of international standards ISO/IEC 17025:2017 and ISO 9001:2015. ALS Global operates according to the guidelines set out in ISO/IEC Guide 25.

Provenance submitted samples for gold determination by PhotonAssay and 34-element ICP. 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.

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. A rotation of certified standards, blanks and field duplicates were inserted into the sample stream approximately every 30 m. 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.

Additional technical information

All reported intervals in this news release are downhole core lengths. True widths of mineralized intervals are not known at this time. Geological modelling is continuing, and additional drilling will be required to establish the geometry and orientation of the mineralized zones in order to determine true thicknesses. There were no known drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data. Co-ordinates are provided in UTM WGS 84 Zone 11.

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. Ms. Price has verified the sampling data and analytical certificates underlying the scientific and technical information disclosed in this document.

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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