Completion Of Drone-Based Airborne Magnetic Survey At Eldorado Project

VANCOUVER - Provenance Gold Corp. announced that a drone-based airborne, high resolution, magnetic survey has been completed at its Eldorado property in Eastern Oregon. The strong correlation between highly mineralized drill holes and reduced magnetic signatures in the diorite suggests that this high-resolution 3D magnetic survey will be a valuable tool to assist in accurately defining drill targets together with the IP survey and detailed mapping that was already completed this winter. It is important to note that only a small area of the property has been explored in detail to date, with the Company looking to increase the size and scope of the gold mineralization substantially in 2025.

The initial 2025 RC drill program will be commencing in the next few weeks now that weather conditions at the site are more favorable. This program is a follow-up to our 2024 three-hole core drilling program which included: 1) Hole EC-01 returned 2.01 g/t Au over 288.34m from surface including 3.07 g/t Au over 175.26m. 2) Hole EC-02 intersected 156 meters that assayed 0.501 g/t gold including 32 meters of 0.94 g/t gold. 3) Hole EC-03 intersected 154 meters of 0.8 g/t gold, including 13.7 meters that assayed 3.02 g/t gold and 12.2 meters containing 2.57 g/t gold.