Providence Gold Mines Inc. Increases Financing

About this update from Providence Gold Mines Inc

Providence Gold Mines Inc. Increases Financing (TheNewswire)                                                       TSX-V: PHD OTC-PINKS: PRRVF FRANKFURT EXCHANGE: 7RH1-F VANCOUVER – TheNewswire - February 4, 2026, Providence Gold Mines Inc. (“Providence” or the “Company”) announces that further to the news release of January 16, 2026 that the Company is increasing the announced Private Placement of up to $150,000, to up to $180,000. Each Unit consists of one common share and one full non-transferable warrant repriced to $0.065 from $0.05. The warrants are exercisable for a period of two years from the date of issue.  Finder’s fees may be paid at 7% cash and 7% finder’s warrants exercisable at $0.065 for a period of one year from the date of issue.   The proceeds from the Private Placement will be used for administration and continued sampling of the underground and surface workings to evaluate the potential of the available mineralization in advance of the planned 1000-ton bulk sample at the La Dama De Oro gold and silver property.   Remedial Road work on the main access road has been completed during the past several weeks. Once sampling confirms the robust potential mineralized zone the Company then plans to commence the 1000-ton bulk sample by April 2026.   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 no developed or identified NI 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 favorably oriented zones of weakness for the circulation of hydrothermal fluids. The main zone of mineralization is hosted by the La Dama de Oro...

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