Provenance Gold Corp. announced that it is initiating a phased exploration program on its newly acquired Silver Bow property in Nevada after receiving very encouraging assessment work and associated positive assay results from field samples on the property. The Silver Bow property is located approximately 40 miles east of Tonopah in Nye County, Nevada. Recent work from the Company's surface sampling field program in November yielded assays up to 74 oz/t silver and 0.71 oz/t gold. The work identified three key areas of focus for the follow-up program that is planned to start in February. Work this autumn supported and strengthened the Company's belief that the property has potential to host bulk tonnage silver and gold targets as well as the potential to host high grade silver vein targets based on local historically mined high-grade silver veins within the two major sheer zones. The field work also recognized the potential for a separate sizeable bulk tonnage deposit with gold as the primary mineralization. The property contains strong and extensive mineralization and numerous past producing mines in which the areas with the strongest silicification and alteration are still mostly undrilled. A more comprehensive understanding of the property's geology has defined new exploration targets and modified the previously identified targets. The mineralization extends outside the two east-trending mineralized shear zones, and likely extends under younger rhyolitic flow-dome rocks that occur between the zones. A detailed mapping and sampling program will give a clearer picture of two partial calderas associated with the mineralization and should help to better define specific targets for a planned and staged drilling program which will be initiated this summer. Silverbow is in a region of Nevada that has produced significant amounts of silver and gold historically. The nearby Tonopah district has produced over two hundred million ounces of silver and over two million ounces of gold to date. Also nearby is the Goldfield district that has produced over five million ounces of gold. The Company continues to look for additional high quality gold and silver properties which include ones with reported resources of over a million ounces of gold to early stage gold and silver projects with mineralized drill intercepts driving excellent targets.