Providence Gold Mines Inc. La Dama de Oro Gold, bulk sample and financing update

VANCOUVER TheNewswire – December 11, 2025 Providence Gold Mines Inc. (TSX-V: PHD) (“Providence” or the “Company”) is extremely pleased to announce that it has entered into an underground mining lease agreement (the “Lease”) with Easy Mining Company Ltd. (“Easy Mining”).

Easy Mining is an experienced and respected underground mining contractor with operations in Canada and the United States and an office in Winnipeg, Manitoba. Providence welcomes Easy Mining’s involvement in the company’s fully sanctioned La Dama de Oro gold-silver project.

Under the terms of the lease, Providence grants Easy Mining the right to explore and mine the existing underground workings on the La Dama de Oro property, located in the Silver Mountain Mining District, California, USA. Easy Mining is authorized to take a bulk sample of 1,000 tons over a period of twelve months, starting from the date of the signed agreement.

Easy Mining will be responsible for underground mining, exploration and processing activities designed to evaluate mineralized material and determine suitable metallurgical methods. As part of the rental agreement:

1. Easy Mining will pay La Dama de Oro, the Property Optionor, “Mohave Gold Mining and Exploration Inc.”, a 2% Net Smelter Royalty “NSR”
2. All gross revenues generated from bulk sample extraction are then split equally (50/50) between Easy Mining (the tenant) and Providence (the landlord).

Ronald A. Coombes, President & CEO, commented: “Having all permits and securing an agreement with Easy Mining Company Ltd. provides a clear path to advance and evaluate the La Dama de Oro gold-silver project.

Private Placement Updates

Following the company’s press releases dated September 12, 2025 and October 22, 2025, Providence has completed the previously announced private placement. A total of 1,604,800 copies were issued for gross proceeds of $80,240. Each unit consists of one common share and one whole, non-transferable warrant, exercisable at $0.05 for a period of two years from the date of issuance.

Proceeds from the private placement will be used for general administration and sampling activities to assess the mineralization potential of the La Dama de Oro project. The company plans to immediately proceed with work related to the authorized bulk sample of 1,000 tons.

New private placement of units

The Company also announces, {subject to regulatory approval}, a non-brokered private placement of up to 2,000,000 units at a price of $0.05 per unit for gross proceeds of up to $100,000. Each unit will consist of:

• one ordinary share; And
• one full, non-transferable warrant, exercisable at $0.05 for a period of two years from the date of issuance.

For more information, please contact Ronald Coombes, President and CEO of the company.

Ronald A. Coombes, president and CEO

Phone: 604 724 2369

roombesresources@gmail.com.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Neither the OTCQB and/or the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

All statements, trend analyzes and other information in this press release regarding markets regarding expected future events or results constitute forward-looking statements. All statements, other than statements of historical fact, contained herein, including but not limited to statements regarding the permitting process, future production from Providence Gold Mines, budget and timing estimates, the Company’s working capital and financing capabilities and statements regarding the exploration and mineralization potential of the Company’s properties, are forward-looking statements. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual operating results to differ materially from those in the forward-looking statements. Important factors that could cause actual results to differ materially from Providence Gold Mines’ expectations include fluctuations in commodity prices and exchange rates; uncertainties relating to the interpretation of drilling results and the geology, continuity and quality of mineral deposits; the need for cooperation between government agencies and indigenous groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and the uncertainty regarding the availability and terms of future financing; the possibility of delays in exploration or development programs and the uncertainty of achieving expected program milestones; and uncertainty regarding the timely availability of permits and other government approvals. Forward-looking statements are based on management’s estimates and opinions as of the date the statements are made. Providence Gold Mines undertakes no obligation to update any forward-looking statements, except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements

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