Mr. Ronald Coombes reports

PROVIDENCE GOLD MINES INC. ACQUIRES ADDITIONAL LAND POSITION AT THE LA DAMA DE ORO GOLD

Providence Gold Mines Inc. has staked an additional 100 aces of BLM (Bureau of Land Management) land are contiguous and parallel to the existing La Dama de Oro gold trend, thereby increasing the area of potential exploration targets.

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

Ronald A. Coombes, president and chief executive officer, states, "These 100 acres of newly acquired BLM ground provide excellent additional potential for discovery opportunity at the La Dama de Oro gold and silver property."

The property

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 favorably 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.

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 NI 43-101. Mr. Black is a consultant and is independent of Providence Gold Mines.

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