Provenance Gold Corp. announced that its fourth hole, ED- 04 in the drilling program at its Eldorado gold project in Malheur County, Eastern Oregon has returned 32 meters of 4.00 grams per ton of gold within continuous mineralization of 137 meters of 1.65 g/t gold. This hole is located 212 meters to the southwest of the company?s previous drilling, all of which intercepted grades.

Further, the hole also bottomed in 4.575-gram material meaning the hole is open ended going to depth and is a new discovery not found by historical drilling. This hole was designed to twin the historic hole R-47 which assayed over 94.5 meters of 0.969 g/t gold, while the new Provenance hole returned 1.003 g/t from the same near-surface 94.5 meter interval. This is significant because it is a good match of the historic drill assays to assays that Provenance has obtained for confirmation of historic results, but also shows much higher-grade to depth where the same historical hole was cut-off early.

This helps to confirm the company's cross-section modelling whereby much of the mineralization sits below the historic drilling which was already very compelling. The original design of this first drill program was to confirm and expand a large near-surface open-ended gold system that was outlined by 242 historic drill holes. Twinning is returning similar historic assay results, and targeting the high-grade zone is confirming its high grades and provides better definition of where it is located in the subsurface.

The map below shows the drill hole location of ED-04 in relation to the earlier holes the Company drilled. Quality Assurance and Quality Control: The reverse-circulation drilling program utilized by Provenance completed a quality assurance /quality control program (QA/QC) with control samples consisting of standards, blanks and duplicates inserted approximately every 30 meters. Control samples were randomly inserted into the sample stream prior to being sent to the laboratory.

The RC drill sampling was in 1.5 meter intervals. Drill samples were taken to Paragon Geochemical, an ISO 9001 compliant company in Sparks, Nevada for fire assaying for gold. The rejects and pulps remain with Paragon in Sparks, Nevada.

The QA/QC program was implemented as part of the sampling procedures for the exploration program.