 Lady Lake, FL, Jan. 12, 2021 GLOBE NEWSWIRE -- via NewMediaWire -- Palayan Resources, Inc. the Company or Palayan OTCMarkets: PLYN, a publicly traded, fully reporting emerging growth company, is pleased to announce that it has executed a Joint Venture Agreement the JV Agreement with Provenance Gold Corp. Provenance CSE:PAU FSE:3PG dated January 8, 2021 pertaining to certain mineral claims and rights in the State of Nevada. The transaction involves the formation of a joint venture to manage and direct all matters related to the previously disclosed Letter of Intent executed on December 4, 2020, which disclosure described 102 lode mineral claims, known as the Silver Bow Claims, and one 1 patented mining claim, identified as the Blue Horse Claim collectively, the Project, all of which are located in Nye County in the State of Nevada and are subject to certain net smelter returns royalty. The Project consists of approximately 2,024 acres. 