Mr. Ronald Coombes reports

PROVIDENCE GOLD MINES INC. RECEIVES REGULATORY APPROVALS FOR FUNDAMENTAL TRANSACTION & THE LA DAMA DE ORO GOLD PROPERTY NI 43-101 REPORT

Providence Gold Mines Inc. has received TSX Venture Exchange regulatory conditional approval for its Fundamental La Dama de Oro reviewable transaction, the La Dama de Oro National Instrument 43-101 report can be reviewed on SEDAR+. The consideration payable by the company to the optionor Mohave Gold Mining and Exploration Inc. a privately held company under the laws of Nevada duly operating in the State of California is as follows:

Securities

• Two million common shares within 15 days of regulatory approval;
• Two million common shares on or before the first anniversary of the agreement;
• 500,000 common shares on or before the second anniversary of the agreement.

Work commitments

• $20,000 within the first year;
• An additional $250,000 before the second-year anniversary;
• An additional $250,000 before the third-year anniversary;
• An additional $250,000 before the fourth-year anniversary.

Once the above consideration is completed the company will have earned a 100-per-cent interest in the property. Mohave Gold will retain a 2-per-cent NSR (net smelter return) which Providence shall have the right to buy back 1 per cent for $500,000 (U.S.).

In addition to the conditional approval of the fundamental transaction the company wishes to announce receipt of TSX-V approval to announce completion of a first tranche of the recently announced financing for a total of 1,604,800 units of the private placement for total gross proceeds in the amount of $80,240. With the fundamental transaction completed the company is positioned to move forward with the private placement financing which the TSX-V has granted an extension to until Nov. 20, 2025.

The private placement dated for reference Sept. 12, 2025, consists of a unit private placement financing of up to $250,000. Each unit consists of one common share and one full non-transferable warrant priced in the amount of five cents for one common share and one full nontransferable warrant priced in the amount of five cents exercisable for a period of two years from the date of issue. The proceeds from the private placement will be used for administration and sampling of the underground workings to evaluate the potential available mineralization and surface exploration at the La Dama De Oro gold and silver property.

The property

The La Dama de Oro gold property is a historical high-grade gold producer and has permits for water, road, environmental, plan of operations, mill site and is approved for a bulk sample. The property has had no drilling or any modern-day scientific exploration and consequently has not developed or identified any National Instrument 43-101-compliant resources.

The La Dama de Oro property is in the Silver Mountain mining district, within the structurally complex Eastern California shear zone and the intersection with the San Andreas Fault zone. Bedrock geology includes Mesozoic quartz monzonite that intrudes the Jurassic Sidewinder volcanics. The structural geology of the region implies a sequence of compressional and extensional events that reactivated favourably oriented zones of weakness for the circulation of hydrothermal fluids. The main zone of mineralization is hosted by the La Dama de Oro fault, a shallow northeast-dipping oblique-slip fault. The mineralization at the property is classified as a structurally controlled, low-sulphidation epithermal gold-silver vein system. Gold and silver mineralization is associated with multiphase quartz veining, brecciation and pervasive hydrothermal alteration along the La Dama de Oro fault. The largest known vein is 4.5 feet at its widest point and remains open to exploration for over 6,000 feet of strike.

Ronald A. Coombes, president and chief executive officer, states, "Having permits in place provides certainty to realize opportunity to seize any robust untapped potential of the La Dama de Oro gold and silver property."

The scientific and technical information contained in this news release has been reviewed and approved by Zachary Black, SME-RM, a qualified person as defined under National Instrument 43-101. Mr. Black is a consultant and is independent of Providence Gold Mines.

We seek Safe Harbor.