Provenance Gold

Executive Summary: Provenance Gold Corp. (CSE: PAU)

Corrected Management Leadership: Provenance Gold Corp. is led by Rob Clark as President and Chief Executive Officer, alongside Rauno Perttu as Executive Chairman (correcting the misidentification of Steven Craig as CEO).

Core Flagship Focus: The company’s primary focus is the Eldorado Gold Project (Eldorado West and Eldorado East) in Malheur County, Oregon—not Mineral Hill or White Rock. Drilling campaigns completed over 7,500 meters at Eldorado West in 2025, with core drilling continuing through 2026.

Property Portfolio Rationalization: Provenance has concentrated its capital on its flagship Oregon assets and the White Rock Project in Nevada (where option payments were completed in 2024). Portions of non-core properties, including Mineral Hill, were dropped to prioritize resource definition.

Advancing Toward Initial Mineral Resource: Independent consulting firm APEX Geoscience Ltd. was retained to build geological models supporting a maiden NI 43-101 mineral resource estimate for Eldorado West, advancing the project beyond historical estimates (1.98 million ounces Au historical at 0.75 g/t).

Financial Position & Tier-One Jurisdiction: Located in safe, infrastructure-rich jurisdictions (Nevada and Oregon), Provenance closed a C$4.5M private placement in late 2025 to fully fund its multi-phase drill programs targeting near-surface gold mineralization.