Eldorado Property Drilling Permit Obtained

VANCOUVER - Provenance Gold Corp. has received the final drill permit from Oregon's Department of Geology and Mineral Industries (DOGAMI) for drilling of its Eldorado gold property in Malheur County, Oregon. The project is located in sparsely populated sagebrush desert in mining friendly Eastern Oregon. The Company had previously received permitting approval by the Bureau of Land Management (BLM), on whose land the project is situated.

Provenance plans to start its drilling program this spring, subject to field conditions following an unusually cold and snowy late winter, and subject to the timing of mobilizing the drill rig.

"This is a very positive step for Provenance," said Project Manager Steven Craig. "This is already a major gold system with excellent characteristics and metallurgy for a near-surface bulk gold system, but additionally, our review of historical data has established that the property has major expansion potential. We now look forward to confirming that potential."