Providence Gold Mines Inc. La Dama de Oro Gold, Bulk Sample and Financing Update

Core Insights - Providence Gold Mines Inc. has entered into an underground mining lease agreement with Easy Mining Company Ltd. to advance the La Dama de Oro gold-silver project [1][2][4] Company Developments - Easy Mining is recognized as an experienced underground mining contractor with operations in Canada and the U.S., and will manage mining, exploration, and processing activities at the La Dama de Oro property [2][4] - The lease allows Easy Mining to explore and mine within existing underground workings, with authorization to extract a 1,000-ton bulk sample over a twelve-month period [3][4] - Providence has closed a private placement, issuing 1,604,800 units for gross proceeds of $80,240, which will be used for general administration and sampling activities at the La Dama de Oro project [5][6] - A new non-brokered private placement of up to 2,000,000 units at a price of $0.05 per unit is also announced, aiming for gross proceeds of up to $100,000 [7] Financial Arrangements - Easy Mining will pay a 2% Net Smelter Royalty to Mohave Gold Mining and Exploration Inc., the property optionor [8] - Any gross proceeds from bulk sample mining will be shared equally between Easy Mining and Providence [8]