Providence Announces Filing of NI 43-101 Report on Iron Range Project

Providence Resources Corp. (TSX VENTURE:PV) ("Providence" or the "Company") is
pleased to announce that it has filed an independent National Instrument
43-101-compliant technical report on its Iron Range Project. The technical
report entitled "Technical Report on the Iron Range Precious and Base Metal
Property, Southeast British Columbia" dated March 15, 2012 and prepared by
Ronnie Therriault, M. Sc., P.Geo. is available on the Company's SEDAR profile at
www.sedar.com. Providence arranged for the report to provide, among other
things, a synthesis of the exploration work conducted on the Iron Range Project
since the Company's involvement with the project commenced in April 2010.


Iron Range Project

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 it 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.


An additional 35,800 hectares of claims were added to the original land package,
resulting in a total of 56,200 hectares -- an area approximately 11 km by 50 km.
The land package now covers over 30 km of the Iron Range structure, most of it
unexplored. The claims also overlie rocks of the Aldridge formation, including
the same stratigraphic time horizon that hosts the world-class Sullivan deposit
located 70 km 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.


About Providence Resources

Providence Resources is a precious and base metal junior exploration company
focused on creating shareholder value through acquisition and aggressive
exploration in established, highly endowed mineral belts. On March 1st, 2012,
Providence exercised its option with Eagle Plains and earned a 60% undivided
right, title and interest in and to the Iron Range Project. Providence earned
its interest by making aggregate cash payments of $500,000, issuing a total of
1,000,000 common shares and completing exploration expenditures of $3,000,000.
The parties have entered into a formal joint venture agreement.


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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