Provenance Gold Advances Exploration Plans at Eldorado West

Vancouver, British Columbia--(Newsfile Corp. - May 26, 2026) - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) ("Provenance" or the "Company") is pleased to announce a significant step forward in the advancement of its Eldorado West Gold Project in eastern Oregon (the "Project") with the submission to the Bureau of Land Management (BLM) of an Exploration Plan of Operations.

The Company's exploration plan is designed to support expanded drilling and a more systematic evaluation of the mineralized footprint at the Project, including expanded in-fill drilling to further define the current mineralized footprint and allow for expansion of the known mineralization through extensive step-outs.

Provenance CEO and President, Rob Clark, stated, "This marks another important step forward for the Company as we execute on key initiatives to systematically de-risk and advance this high-quality asset."

Semi-Annual Reporting

The Company announces its intention to adopt semi-annual reporting ("SAR") pursuant to Coordinated Blanket Order 51-933 – Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (the "Blanket Order") issued by the British Columbia Securities Commission on March 19, 2026.

The Blanket Order allows eligible venture issuers listed on the Canadian Securities Exchange (the "CSE") to voluntarily move from quarterly to semi-annual financial reporting. By adopting the SAR, the Company aims to reduce the administrative and financial burden associated with quarterly reporting.

The Company's fiscal year ends on December 31. Under the SAR pilot program, the Company will no longer file interim financial statements and related management's discussion and analysis ("MD&A") for the three-month and nine-month periods ending March 31 and September 30, respectively. The initial interim period for which the Company will not file an interim financial report and related MD&A is the three-month period ended March 31, 2026.

The Company will continue to file audited annual financial statements (due within 120 days of December 31) and six-month interim financial reports (due within 60 days of June 30).

The Company confirms it meets the pilot program's eligibility criteria, which include, among other things, being a venture issuer with annual revenues of less than $10 million and maintaining a clean 12-month continuous disclosure record. The Company remains committed to timely disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102 - Continuous Disclosure Obligations.

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