Providence Gold Mines Inks Mining Lease Agreement

December 11, 2025 — Leads & Copy —

Vancouver — Providence Gold Mines Inc. (TSX-V: PHD) has entered into an underground mining lease agreement with Easy Mining Company Ltd. for its La Dama de Oro gold-silver project in California's Silver Mountain Mining District.

Easy Mining will explore and mine within the existing underground workings and extract a 1,000-ton bulk sample over twelve months.

Easy Mining will oversee underground mining, exploration, and processing activities to evaluate mineralized material and metallurgical methods. Easy Mining will pay Mohave Gold Mining and Exploration Inc., the Property Optionor, a 2% Net Smelter Royalty (NSR). Gross proceeds from the bulk sample will be divided equally between Easy Mining and Providence.

Providence also closed a private placement, issuing 1,604,800 units for $80,240. Each unit includes one common share and one warrant exercisable at $0.05 for two years. The proceeds will fund administration and sampling at the La Dama de Oro project.

Providence also announced a non-brokered private placement of up to 2,000,000 units at $0.05 per unit, subject to regulatory approval, with each unit containing one common share and one warrant exercisable at $0.05 for two years.

Ronald A. Coombes, President & CEO, can be reached at 604 724 2369 or roombesresources@gmail.com.

Source: Providence Gold Mines Inc.