CSE: PAU | OTC: PVGDF

Provenance Gold Corp.

LATEST NEWS: Provenance Gold Continues to Expand Mineralized System with Multiple Broad Gold Intervals at Zone 4 within the Tyee Area

SYMBOLS CSE: PAU | OTC: PVGDF

Outstanding Shares: 175,472,770
Warrants: 66,348,954
Options: 11,730,000
Website: ProvenanceGold.com

District-Scale Gold Discovery in Eastern Oregon

Provenance Gold is progressing work at Eldorado. Drill results to date indicate a potentially significant mineralized system, and the company plans additional drilling to further test district-scale upside.

Why Gold?

Gold demand is accelerating on multiple fronts. Central banks are accumulating at record levels as nations diversify away from dollar dependence, while investors seek protection against inflation and currency devaluation. Institutional allocations are rising as portfolio managers recognize gold’s value as a non-correlated asset, and emerging market wealth growth continues driving consumption across Asia. These aren’t temporary factors—they represent structural shifts reshaping global finance.

Why Provenance Gold?

Provenance Gold Corp. is positioned to capitalize on this environment, advancing the district-scale Eldorado Project in eastern Oregon—a 7,915-acre land package featuring a historical resource of nearly 2 million ounces and recent drilling that extended gold mineralization to over 800 meters, including standout intercepts like 254.51m @ 1.56 g/t gold. With drilling currently underway and excellent infrastructure access, Provenance offers investors direct exposure to North American gold exploration at a pivotal moment in the market.

Cautionary Note Regarding Technical Information and Historical Mineral Resource and Reserve Disclosure

Certain details in this page with respect to the project estimates are derived from the technical report and preliminary economic assessment, titled “xxxxxx”, dated xxxxxxxxxx. The data was was reviewed and approved by xxxxxxxxxx.

7,915

Eldorado Project Acres

5,867

New Acres for Exploration

16 in 2025

New Exploration Holes Drilled

32 in 2026

New Holes Focused on Tyee

Outlook for Gold Market

Gold mining equities offer leveraged exposure to gold prices. When gold rises, miners with fixed production costs can see profit margins expand significantly—amplifying returns compared to holding physical metal. Companies such as Provenance Gold Corp. provide additional leverage. A discovery or project advancement can create substantial value independent of daily gold price movements, while still benefiting from a supportive price environment.

Gold Market Dynamics

Key demand categories to address:

Central bank accumulation (record levels recently)
Investment demand (ETFs, bars, coins)
Jewelry (still the largest category by volume)
Technology/industrial applications
Monetary hedge/safe haven status

Why demand is rising – the compelling narrative:

De-dollarization trends and geopolitical uncertainty
Inflation hedge positioning
Central banks diversifying reserves away from USD
Supply constraints (declining grades, fewer major discoveries)
AI/tech sector actually increasing industrial demand

A Leadership Team Built for Discovery and Growth

Provenance Gold’s management team combines the technical expertise, capital markets experience, and financial discipline essential for junior exploration success. CEO Rauno Perttu brings over 40 years of hands-on geological experience across the Americas and Australia, guiding projects from discovery through production. President Rob Clark adds 25+ years of financing and corporate development expertise, while CFO Fiona Fitzmaurice ensures rigorous financial oversight. Together, they’re positioned to unlock Eldorado’s full potential.

Rauno Perttu

Chairman & CEO

Mr. Perttu is a registered professional geologist with 40+ years’ experience in mineral development across the Americas and Australia. He has led gold, uranium, and coal projects from concept through exploration, feasibility, development, and operations, holding BA/MSc degrees and Oregon engineering registration.

Rob Clark

President

Mr. Clark is a driven entrepreneur and venture capitalist with 25+ years of experience across private equity and domestic and international public markets. He has led mergers, acquisitions, buyouts, public offerings, financings, and restructurings, with strong hands-on management consulting expertise. He studied at BCIT.

Thomas Martin

Director

Mr. Martin is a former elite hockey player with a full scholarship to the University of Denver, a Calder Cup championship with the Sherbrooke Canadiens, and NHL experience with Winnipeg, Hartford, and Minnesota, plus European play. He later built a track record in business and finance, managing and investing in successful companies and leveraging global sports/media relationships to raise capital for private and public entities.

Fiona Fitzmaurice

CFO

Ms. Fitzmaurice is a chartered professional accountant who holds a bachelor’s degree in accounting and finance from Athlone Institute of Technology in Athlone, Ireland. She has extensive experience in accounting, financial controls, corporate audits, private placements, and corporate acquisitions.

6 Month Historical Performance

Provenance Gold continues to report good news and the market has responded.

Provenance Gold Continues to Expand Mineralized System with Multiple Broad Gold Intervals at Zone 4 within the Tyee Area

Provenance is pleased to announce assay results from the final seven reverse circulation (RC) drill holes in the Tyee and Striker areas which form part of Eldorado West Project in Eastern Oregon. The five new holes from the Tyee area continue to define broad, continuous, gold mineralization across multiple structural and geological domains, further strengthening the interpretation that Eldorado West is part of a large-scale, multi-kilometer gold system.

Eldorado Project Details

The Eldorado Project is located approximately 60 kilometers (km; 38 miles) northwest of Vale in Malheur County, Oregon. The property hosts a historical resource estimate of 1.98M oz at 0.753 g/t gold*. The large-scale surface mineralized system remains open in all directions.

The 1,140-acre land area exhibits evidence of historical placer mining and hosts strong soil gold anomalies as well as scattered widely spaced historical drill holes that report strong gold intervals. Provenance’s geological modeling suggests mineralized structures extend throughout the property, featuring several promising large new target areas outside the confirmed gold system.

Provenance holds a binding option to purchase the property from Nevada Select Royalty Inc., an arms-length subsidiary of Gold Royalty Corp. (NYSE : GROY).

Proven Metallurgy

Positive metallurgical testing from both modern and historical work confirms the gold at Eldorado is amenable to simple, lowcost recovery methods—a critical factor for future economic success.

Excellent Gold Recoveries: Modern testing on unoxidized ore shows high gold recoveries, averaging 88.1% and reaching up to 97.1%. This demonstrates the gold can be efficiently extracted from the host rock.
Amenable to Low Cost Heap Leaching: Historical test work concluded ore is suitable for a conventional crush and cyanide heap leach operation. This is the industry-standard method for profitable bulk-tonnage gold mines, avoiding the need for more complex and expensive processing plants.

Source: Provenance Corporate Data and Reports

White Rock Project Details

Provenance’s White Rock property in the northeastern corner of Elko County, Nevada hosts a large gold system within its 117 claims covering 2,396 acres. The gold system extends across an open-ended area of at least 3.2 Km by 1.6 Km.

The gold system is hosted in Permian sedimentary formations and is both structurally and stratigraphically controlled. The structural controls include a north-trending fault system and a faulted complex anticline. The anticlinal structure is believed to be developed on the upper plate of an underlying thrust sheet complex. Scattered widely spaced historical drilling of parts of the property with distances between holes up to 290 meters apart confirmed the extensive mineral system. The drill holes intersected thick intervals of gold mineralization up to 5.7 g/t gold. Provenance believes the geology of the White Rock mineral system has similarities to the geology of the nearby Black Pine gold system in southern Idaho. At Black Pine, the gold system is hosted in a complex of thrust faults. A similar thrust complex underlies the White Rock mineralization, and the thrust complex will be a future exploration target.

Historical Exploration Drilling

WR-3 – Starting at 42m, 39m at 0.48 g/t plus 19m at 1 g/t and 3m at 5.7 g/t
RR-41 – Starting at 2m, 73m at 0.55 g/t
RR-8 – Starting at 3m, 77m at 0.41 g/t
RR-38 – Starting at surface, 84m at 0.35 g/t plus 23m at 0.38 g/t
RR-47 – Starting at 25m, 32m at 0.655 g/t
RR-45 – Starting at 4m, 48m at 0.49 g/t
Many more not shown

Cautionary Note to U.S. Investors Regarding Mineral Disclosures

As a Canadian issuer, Provenance Gold Corp may use terms such as “exploration target,” “measured,” “indicated,” and “inferred” resources. While these terms are defined by Canadian National Instrument (NI) 43-101, U.S. investors should be aware that SEC Regulation S-K 1300 has different requirements.

Exploration Targets: Estimates of exploration potential are conceptual and expressed as ranges of tonnage and grade. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as such.
Inferred Resources: These have a high degree of uncertainty as to their existence and their economic and legal feasibility. U.S. investors are cautioned not to assume that any part of an inferred resource exists or is economically mineable.

The scientific and technical information contained in this document has been reviewed and approved by (Name), a Qualified Person as defined by NI 43-101 and SEC Regulation S-K 1300.

Revised Cautionary Note (S-K 1300 Compliant)

Cautionary Note Regarding Technical Information and Historical Estimates

The Eldorado Project contains a “historical resource” estimate of 1.98M oz at 0.753 g/t gold. A Qualified Person (QP) has not done sufficient work to classify this historical estimate as a current mineral resource or mineral reserve under S-K 1300 or NI 43-101 standards. The Company is not treating this historical estimate as a current mineral resource or reserve, and investors are cautioned not to rely upon it as such. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Forward-Looking Statements

This document contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and “forward-looking information” under applicable Canadian securities laws. These statements relate to future events or the Company’s future performance, including but not limited to: the potential mineralization and geological merits of the Eldorado and White Rock projects; the Company’s 2026 drilling plans focused on the Tyee area; the reliability of historical resource estimates ; anticipated gold recovery averages; and the future price of gold and global market dynamics. While these statements are based on management’s current expectations and external data, they involve known and unknown risks that may cause actual results to differ materially. Such risks include, but are not limited to the following: (a) risk that further drilling at Eldorado or White Rock does not confirm the presence of a district-scale gold system; (b) risk that historical estimates may never be converted into current mineral resources or reserves under S-K 1300 standards; (c) risk that the 32 planned holes for 2026 are delayed or fail to achieve the intended geological objectives; (d) risk hat gold prices, central bank demand, or “de-dollarization” trends do not manifest as expected, negatively impacting the Company’s valuation. .

The Company provides no assurance that these forward-looking statements will prove to be accurate. Investors are cautioned not to place undue reliance on these statements, which speak only as of the date of this document.