PV

Providence Resources Corp. (TSX VENTURE:PV) ("Providence" or the "Company") and
Eagle Plains Resources Ltd. (TSX VENTURE:EPL) ("Eagle Plains") are pleased to
announce that drilling has started on their Iron Range JV project located near
Creston, British Columbia. FB Drilling has been retained to complete 8 to 10
diamond drill holes (3,000 meters) in the Canyon, Row, 6 Mile, and Arrow East
target areas.


The objective of the drill program is to test high-priority target areas for
Sullivan-style lead-zinc-silver mineralization as well as gold mineralization
similar to that intersected in the 2010 Talon Zone gold-silver-lead-zinc
discovery. Exploration drilling will be executed according to the table below.




----------------------------------------------------------------------------
No.            Target                                                       
Holes  Meters  Area    Target Type       Comments                           
----------------------------------------------------------------------------
5       1,100  Canyon  Gold-Lead-Zinc-   2km by 2km Arsenic + lead and zinc 
                       Silver            anomalies.                         
----------------------------------------------------------------------------
3         900  Talon   Gold-Lead-Zinc-   Southern margin of Canyon Zone,    
                       Silver            drill test IP geophysical anomalies
                                         associated with and along strike of
                                         Talon Zone.                        
----------------------------------------------------------------------------
3       1,100  Row     Lead-Zinc-Silver  5 kilometer-long lead+zinc soil    
                                         anomaly. 3 VTEM geophysical        
                                         anomalies are slated for drill-    
                                         testing.                           
----------------------------------------------------------------------------



Iron Range Exploration Highlights



--  Talon Zone Gold-Lead-Zinc-Silver Discovery (2010-2011) 
--  Talon Zone Surface IP Survey (2011) 
--  Historical Soil Survey compilation including over 14,000 soil samples
    (2011) 
--  Geological Compilation, which refined the location of the Aldridge Lower
    Middle Contact (2011) 
--  VTEM and ZTEM Airborne Geophysical Surveys (2012) 
--  Completion of Fugro Airborne Gravity Survey (results expected April,
    2012) 



2012 Exploration Program

The objective of the Phase 1, 2012 program is to systematically evaluate all
existing exploration data, including newly-acquired geophysical data, followed
by field evaluation of all resulting anomalies, and ultimately drill testing the
highest priority targets.


Fieldwork will be completed in summer 2012 with the objective of bringing
remaining targets to the drill testing stage for Phase II drilling in late 2012.


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
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.


Qualified Person

Technical work on the Iron Range Project is under the supervision of geologist
J.K. Ryley while C.C. Downie, P.Geo., and Dan MacNeil are hereby identified as
the overall project supervisors. Technical aspects of this news release have
been reviewed and approved by T.J. Termuende, P.Geo., hereby designated as a
qualified person under National Instrument 43-101.


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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