Providence Gold Mines: La Dama de Oro Gold Phase Two Exploration Update

About this update from Providence Gold Mines Inc

VANCOUVER – TheNewswire - June 29, 2026, Providence Gold Mines Inc. (“Providence” or the “Company”) (TSX-V:PHD; OTC-PINKS:PRRVF; FRANKFURT EXCHANGE:7RH1-F)  further to the May 11, 2026, news release the Company is pleased to announce completion of its second phase of exploration stockpile target sampling at its La Dama de Oro gold and silver property, located near the City of Victorville, California. The sampling was overseen and delivered to the American Assay Lab by the Company’s California registered geologist, Mark Payne P.Geo. #7067 under the guidance of the Company’s Independent Qualified Person Dr Lee Groat who has reviewed, verified, and approved the technical information contained in this news release as required under NI 43 101. The first phase of the Company’s exploration target stockpile trench sampling successfully resulted in locating an estimated volume of 600 to 650 tons. The volume was quantified by using the known slope, the width, the length, and the depth of the stockpile material. Continuous trench sampling results returned assays from 0.032 ounce per ton (1.1 grams per tonne} to 0.233 ounce per ton (8.0 grams per tonne) The second phase of exploration targeting was designed to increase the volume of stockpile material for the 1,000 ton (909 tonne) permitted bulk sample. NOTE OF CAUTION The potential quantity and grade are conceptual in nature; there is insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource. New Underground Vein Discovery Additionally, Mark Payne P.Geo. discovered a 1.5-foot wide (0.22 m) lode zone in the La Dama De Oro mine workings at the 4180-ft level (1274 m L). The new exploration target was channel sampled at the westernmost underground exposure of the historically productive Mojave Girl vein structure. The channel sample was delivered to American Assay Labs, and results are pending. Work underway: The Company continues to evaluate an under-explored system of both E-W and N-S trending gold-bearing quartz veins evident at the La Dama De Oro property. Historic high-grade gold production was derived from three separate E-W striking lodes, the Mojave Girl, Tarantula, and Mojave Boy veins. The Tarantula, Mojave Boy, and strike extensions of the Mojave Girl lode have not yet been evaluated by the Providence...

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