Provenance Gold Corp. announced a non-brokered private placement for 5,000,000 units at a price of CAD 0.16 per unit for gross proceeds of CAD 800,000 on January 13, 2022. Each unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share at a price of CAD 0.24 per Warrant Share until January 13, 2025.

No finders' fees or commissions were paid in connection with completion of the private placement. All securities issued in connection with the private placement are subject to restrictions on resale until May 14, 2022 in accordance with applicable securities laws.