Provenance Gold Closes $4.5 Million Private Placement

Group 1 - Provenance Gold Corp. has successfully closed a non-brokered private placement, raising gross proceeds of $4,500,000 [1] - The Company issued 18,000,000 units at a price of $0.25 per unit, with each unit consisting of one common share and one-half of a share purchase warrant [2] - Each full warrant allows the holder to purchase an additional share at a price of $0.30 until October 27, 2030 [2] Group 2 - In connection with the offering, the Company paid $156,000 and issued 624,000 broker warrants to a brokerage firm [3] - All securities issued are subject to resale restrictions until February 28, 2026, and additional restrictions for subscribers until October 27, 2026 [3] Group 3 - The Company has granted 1,530,000 stock options to certain officers, directors, and consultants, with an exercise price of $0.30 per share [4] - These options have a term of sixty months and vest immediately [4] Group 4 - The Company continues its exploration efforts with two drill rigs operating at Eldorado West, with further assay results pending [5]