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March 13, 2025 - Provenance Gold Corp. (CSE: PAU) (OTCQB: PVGDF) (the "Company" or "Provenance") is pleased to announce the addition of Mackenzie (“Mac”) Watson to the advisory board as senior exploration advisor. Watson brings over 50 years of experience in the Canadian exploration, mining and development industry and has been involved in the discovery of numerous mineral deposits in Canada.
Watson graduated with a B.Sc. in geology from the University of New Brunswick in 1959. Watson was awarded Canada's Prospector of the Year award in 1991 for his involvement in the discovery of the Holloway Gold Mine (Ontario). Freewest Resources, of which Mac was President, sold its thirty-five (35%) interest to Noranda for $100 million. Mac also discovered or assisted in the discovery of the Icon-Sullivan copper mine (Chibougamau, Quebec) the Long Lake zinc mine (Ontario), the Ellison gold deposit and the Hebecourt copper deposit (Quebec). In l992, he was also awarded the Quebec Prospector of the Year award for the discovery of the Pusticamica and Verneuil gold deposits in Quebec.
Watson is a Canadian Mining Hall of Fame Inductee and two-time co-recipient of the Prospectors and Developers Association of Canada (PDAC) Bill Dennis Award, for a Canadian discovery or prospecting success, and his contributions, among others, to the mineral discoveries in the Ring of Fire area of Northern Ontario, Canada. Watson is the first person to have received the Bill Dennis prospecting success award twice: for numerous discoveries in 1991; and in 2009, as part of the team responsible for chromite discoveries in the Ring of Fire by Freewest Resources, which was sold to Cliff Natural resources for $239 million. His success owes much to his tenacity and thoroughness as a geologist and zest for mining discoveries.
Rauno Perttu, Provenance’s CEO states "Mac's foresight into fast-tracking exploration and development is a great asset at this juncture for our Eldorado project. We look forward to utilizing his experience and knowledge to help expedite our exploration efforts."
The Company also announces that it has granted 500,000 stock options to certain advisors and consultants of the Company. The options have an exercise price of $0.20 per share, have a thirty-six (36) month term from the date of the grant and vest immediately.
About Provenance Gold Corp.
Provenance Gold Corp. is a precious metals exploration company with a focus on gold and silver mineralization within North America. The Company currently holds interests in Nevada, and eastern Oregon, USA.
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For further information please visit the Company's website at https://provenancegold.com or contact:
Rauno Perttu, CEO
rkperttu@provenancegold.com
1-541-930-0986
On behalf of the Board,
Provenance Gold Corp.
Rauno Perttu, Chief Executive Officer
Safe Harbor Statement: Neither the Canadian Securities Exchange, nor its regulation services provider, accepts responsibility for the adequacy or accuracy of this press release. This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
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