Eldorado Gold Property First Drill Core Hole Drilled

VANCOUVER - Provenance Gold Corp. reported on the first core hole drilled by Provenance (EC-01) on its Eldorado Gold Property in Malheur County in Eastern Oregon. Drill Hole EC-01 (HQ) was drilled to a total depth of 338.18 metres at a -68 dip and 315 Azimuth. The entirety of the hole was sampled (231 samples) with average sample lengths of approximately 1.45m each.

Chairman Rauno Perttu, said, "This first core hole considerably extends the high-grade zone found in last year's reverse circulation drilling by over 65 meters to a depth of 183 meters with at least three distinct higher-grade zones. Our work this autumn has confirmed the presence of several broad, strongly mineralized zones that stretch across the property in a criss-cross pattern that was confirmed by surface mapping, geophysics and computer modelling. With our new understanding, the area around ED-04 has been identified as a second strongly mineralized zone that is being targeted by EC-02 & EC-03 (assays pending). We are extremely pleased with the results of EC-01 and are excited to receive the core results on the remaining drill holes. We are now planning a much larger drill program for 2025 to extend the mineralized zones further and test other prospective zones that appear to be broader and more intensely altered than our initial ones. This is truly just the beginning of this discovery."