Providence Resources Corp. (TSX VENTURE:PV)(OTCQX:PRVSF) ("Providence" or the
"Company") is pleased to announce that its common shares will commence trading
on the OTCQX marketplace, the premier tier of the OTC Markets, under the symbol
"PRVSF" effective today, May 3rd, 2012.


As part of the OTCQX process, Providence Resources is now included in the
Standard & Poor's Corporation Records publication. The OTCQX marketplace is the
premier tier of the U.S. over-the-counter market. The OTCQX attracts global
companies and includes some of the largest companies in the world. OTC Markets
Group offers widespread access to all U.S. broker-dealers, enabling investors to
seamlessly trade these securities through their institutional, online, or full
service brokers.


Providence Resources is pleased to advise that it has appointed Merriman
Capital, Inc, a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX:MERR)
as its Principal American Liaison ("PAL") as it begins trading on the OTC
market's highest tier, OTCQX.


About Providence Resources

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 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
which is 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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