PV

Providence Resources Corp. (TSX VENTURE:PV) and Eagle Plains Resources Ltd. (TSX
VENTURE:EPL) have now completed the majority of the planned fieldwork program
for the Iron Range project in southeastern British Columbia. This ground based
work is to be followed in September and October by airborne geophysics.


Field work completed to date consists of the following: 



--  Induced polarization geophysics ground and borehole surveys at the Talon
    Zone 
--  28.0 line km of contour soil sampling along the west flank of the Iron
    Range Structure 
--  Contour and grid soil sampling south and southeast of the Talon zone 
--  2.0km X 800m Talon zone soil grid 
--  2.5km X 800m soil grid immediately north of the Talon zone grid, labeled
    the Six-Mile grid 
--  1:10,000 scale geological mapping and associated sampling 



IP Survey

The Talon Zone induced polarization ground survey shows two areas of high
chargeability. The westerly area coincides with the significant mineralization
encountered in drilling at the Talon zone. The second area is approximately 300m
to the southeast of the Talon zone and is expressed as a near surface anomaly
measuring approximately 200m in width. This anomaly may continue to the south
beyond the southern limit of the geophysical survey. The borehole geophysics is
slated for additional interpretation with respect to the ground survey.


Soil Geochemistry

A 28.0 line km contour soil sampling program was completed along the west flank
of the Iron Range Structure. These lines are parallel to the regional scale
north trending Iron Mountain Fault to exploit base and precious metal
mineralization from northeast oriented splay faults.


The Talon zone soil grid is oriented north-south, positioned to cover the
southern IP chargeability anomaly and north along the inferred extension of the
Talon zone fault.


A 2.5km X 800m soil grid immediately north of the Talon zone grid (labeled the
Six-Mile grid) begins at the northern end of the Talon zone grid in a northeast
orientation. This grid covers prominent northeast topographic linears and
coincident trending newly discovered alteration zones (see Geological Mapping).


Geochemical results from the soil surveys are expected by mid to late October.

Geological Mapping

Surface mapping has identified the following features of interest:



--  A westerly shift of the Iron Range Structure, in proximity to sericite-
    albite alteration and possible extension of IP chargeability anomaly. 
--  Discovery of pervasive sericite-albite-quartz alteration zone
    approximately 30m in width, 1.65km N-NE of the Talon Zone. The trend of
    the zone shares that of the Talon Zone. Similar alteration located 700m
    to the south along the strike extension of the new zone. The Six-Mile
    grid was positioned over these two zones. Hematite-albite-sericite
    breccia 2.0km NE of the Iron Mountain Structure, and approximately 6.0km
    from the Talon Zone. 
--  Finely disseminated and acicular stratiform tourmaline within the Lower-
    Middle Aldridge contact (LMC) 150m and 600m west of the Talon Zone. The
    latter underlies a grouping of upper anomalous lead, zinc, and arsenic
    soil anomalies. 



Airborne Surveys

A combination of VTEM, ZTEM and airborne gravity surveys will be employed over
specific targets areas and is based on specific host rocks and structural
settings. The ZTEM is scheduled to start September 13th with the VTEM survey to
immediately follow. A property scale gravity survey is expected to be completed
by the end of October, subject to weather conditions and contractor
availability. The surveys are being flown in conjunction with Eagle Plains
Resources Ltd. surveys, of which Providence Resources Ltd. survey area totals
1576 line kilometres.


Geological exploration contracting services on the Iron Range property during
2011 are being provided by TerraLogic Exploration of Cranbrook, B.C. (a wholly
owned subsidiary of Eagle Plains). All fieldwork is under the supervision of
geologist J.K. Ryley while C.C. Downie, P.Geo., is hereby identified as both the
overall project supervisor and as a qualified person under National Instrument
43-101.


Iron Range Project Summary 

The Iron Range deposits were originally staked in 1897, and were covered by
Crown grants held by Cominco Ltd. and the Canadian Pacific Railway. Eagle Plains
staked the current claims immediately after the Crown grants reverted in 2000,
and has been exploring the property since then. Exploration work to date
includes geological mapping, geochemical surveys, diamond drilling and a
690-line-kilometre airborne geophysical survey. The Iron Range project is owned
100 per cent by Eagle Plains and holds no underlying royalties or encumbrances.
An additional 35,800 hectares of claims were added to the existing land package,
resulting in a total of 56,200 hectares - an area approximately 11km by 50km.
The land package now covers over 30km of the Iron Range structure, most of it
unexplored. The claims also overlie rocks of the Aldridge formation, including
the same stratigraphic time horizon which hosts the world-class Sullivan deposit
located 70km to the northeast. Over its 100-year lifetime, Sullivan produced
approximately 150 million tonnes of ore including three billion ounces of
silver, eight million tonnes of zinc and eight million tonnes of lead,
collectively worth over $30-billion at current metal prices. The parties caution
that past results or discoveries on proximate land are not necessarily
indicative of the results that may be achieved on the Iron Range property.


Providence Option Agreement

The Iron Range project is owned 100% by Eagle Plains and holds no underlying
royalties or encumbrances. Providence holds the option to earn a 60% interest in
the Property by spending $3,000,000 on exploration, making $500,000 in cash
payments and issuing 1,000,000 shares to EPL over 4 years. 


Vince Sorace, President, Providence Resources

Cautionary Note Regarding Forward-Looking Statements

This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore, involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements.

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