Provenance Gold Corp Commences Metallurgical Testing at Eldorado Project and Announces Leadership Transition

Provenance Gold Corp (CSE: PAU, OTCQB: PVGDF) announced on 26 February 2026 that it has initiated a multi‑phase metallurgical testing program for its Eldorado Gold project in eastern Oregon. The program will include both bottle roll and column tests, with the first phase focused on evaluating the project’s amenability to heap leach extraction. The objectives of this phase are to assess potential metal recoveries, leach kinetics, and reagent consumption across the property.

A second phase will evaluate conventional extraction methods, specifically carbon‑in‑leach (CIL) and gravity‑flotation processes. The testwork will involve five column tests covering composite, representative samples from the Tyee and Herman areas, including newly discovered mineralization between zones 1–4 in the Tyee area and the mineralization extension in the Herman area. Twenty simple bottle roll tests will be conducted on composites assembled from RC drilling to determine cyanide solubility of gold mineralization from various geologic domains throughout the project.

Kappes, Cassiday & Associates (KCA), an independent laboratory based in Reno, Nevada, will conduct the 2026 testwork. Results from the initial bottle roll tests are expected by May 2026. KCA’s expertise covers heap leaching, cyanide processing, laboratory testing, feasibility studies, engineering design, construction, and operations management.

The testing program will validate results from historical bottle roll tests and the company’s 2024 gravity‑flotation tests completed by Dawson Metallurgical Testing Laboratories. Those earlier tests returned an overall average gold recovery of 88.1 % (range 77.9–97.1 %) for unoxidized sulfide samples processed by gravity concentration followed by bulk sulfide flotation of the tailings.

Leadership Transition

In line with its succession plan, Chief Executive Officer Rauno Perttu will retire from his role. Rob Clark will assume the position of Chief Executive Officer and President, while Perttu will continue as Chairman of the Board and remain active in assisting the company.

The board also welcomed Etienne Gouin‑Proulx as a new director. Gouin‑Proulx is a Chartered Financial Analyst (CFA) and a Professional Engineer (P.Eng.) with experience in project evaluation, mergers and acquisitions, and public markets. He holds a Bachelor of Engineering from McGill University, specializing in Mining and Mineral Engineering.

Company Overview

Provenance Gold Corp is a precious‑metals exploration company focused on its flagship Eldorado Gold Project in eastern Oregon. The company is advancing the project through systematic drilling, geological modeling, and expansion of mineralized zones. Its portfolio also includes additional exploration‑stage assets in Nevada, USA.

Financial highlights for the company include:

  • Market capitalization: 53,260,000 CAD
  • Close price (23 Feb 2026): 0.305 CAD
  • 52‑week high (10 Feb 2026): 0.345 CAD
  • 52‑week low (9 Mar 2025): 0.140 CAD

The company’s primary listing is on the Canadian National Stock Exchange, and it trades in Canadian dollars.

For more information, visit the company’s website at https://provenancegold.com or contact Rob Clark at rclark@provenancegold.com .