Toronto, ON – October 29^th, 2025 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) is pleased to provide an update on the ongoing drilling program at the Company’s Mercur Gold Project (“Mercur”) in Utah and the Beartrack-Arnett Gold Project (“Beartrack-Arnett”) in Idaho.

Highlights

• Mobilized a new core rig to Beartrack-Arnett bringing the total number of rigs drilling on the Company’s projects to four.
• At Mercur, received assay results from 16 additional drill holes with the following highlight intersections:
  • 0.77 g/t gold over 38.1 meters width in RM25-093
  • 3.93 g/t gold over 3 meters and 0.78 g/t gold over 70.1 meters width inRM25-099
  • 3.02 g/t gold over 21.1 meters width in RMC25-011
• Revival Gold has completed 70 holes, and 7,500 meters of this year’s planned 13,000-meter program at Mercur
• Drilling is now underway at both Mercur and Beartrack-Arnett. Additional results are pending.

“Revival Gold’s Mercur – a shallow open pit heap leach gold project – continues to see long intercepts of excellent grade”, said Hugh Agro, President & CEO. “We are 55% through the program and are excited about the pending results. This year’s drilling is in support of a planned 2026 pre-feasibility study, the next step on the path to restarting production at Mercur.”

Mr. Agro continued, “We are also pleased to see a fourth rig arriving at Beartrack-Arnett in Idaho where Revival Gold is targeting new high-grade areas to expand our already large resource base at the project.  The new rig is turning, and we expect to see initial results in December.”

Beartrack-Arnett Details

At Beartrack-Arnett, drilling commenced October 12^th on a planned 3,900-meter core program to test and expand on the high-grade underground potential at the new Sharkey target area and at Joss. Drilling at Joss is targeted to follow up on Revival Gold’s 2021 and 2022 programs which intersected:

• 3.49 g/t over 115.4 meters including 10.12 g/t gold over 11.4 meters in BT22-242D
• 4.34 g/t over 110.6 meters including 12 g/t gold over 13.7 meters and 8.8 g/t gold over 11.8 meters in BT21-240D

See press releases dated December 2^nd, 2021, and September 22^nd, 2022, for details on past drilling at Joss.

Mercur Details

The program at Mercur commenced on July 12^th and is planned for 13,000 meters.  Drilling is ongoing with two RC drilling rigs and one core drilling rig focused on upgrading Inferred Mineral Resources and the collection of material for metallurgical testing.  As of October 26, 2025, Revival Gold has completed 70 holes and 7,500 meters.  Data collected will support the Company’s planned 2026 pre-feasibility study (“PFS”), a major milestone on the path to restarting gold production at Mercur.

In general, mineralization and leachability results collected to-date at Mercur are consistent with the Inferred Mineral Resource and metallurgical models developed for the Mercur Preliminary Economic Assessment (see “Preliminary Economic Assessment NI 43-101 Technical Report on the Mercur Gold Project, Tooele & Utah Counties, Utah, USA” prepared by Kappes, Cassidy & Associates, and RESPEC Company LLC dated May 2^nd, 2025).

Figure 1 describes drill hole locations for the results released today. Full drill results are presented in Table 1.

Figure 1: Main Mercur Drill Plan Map

Table 1: Detailed Drill Results

Hole Number	Area	Azimuth (deg.)	Dip (deg.)	From (m)	To  (m)	Drilled Width1  (m)	Fire Assay Gold Grade3 (g/t)	AuCN/AuFA Ratio (%)2
RMC25-011	Golden Gate	320	-55	75.8	96.9	21.1	3.02	44
				102.0	106.7	4.7	1.95	87
				141.7	148.3	6.6	0.73	91
RMC25-012	Sacramento	90	-50	Lost short of target, not assayed
RMC25-013	Mercur Hill	245	-75	68.8	78.9	10.1	0.65	70
				104.2	105.8	1.5	0.37	89
				105.8	108.7	Insufficient recovery to assay
				108.7	124.4	15.8	0.55	85
RM25-089	Marion Hill	90	-60	44.2	79.2	35.1	0.59	88
				105.2	109.7	4.6	0.34	95
RM25-093	Marion Hill	210	-55	41.1	79.2	38.1	0.77	83
RM25-097	Marion Hill	30	-75	54.9	70.1	15.2	0.77	68
RM25-098	Rover	275	-70	32.0	36.6	4.6	2.28	99
				57.9	80.8	22.9	0.66	82
RM25-099	Rover	265	-85	33.5	36.6	3.0	3.93	99
				59.4	129.5	70.1	0.78	92
RM25-102	Marion Hill	105	-65	54.9	68.6	13.7	0.45	93
RM25-103	Marion Hill	40	-65	53.3	67.1	13.7	0.38	90
RM25-104	Rover	160	-60	1.5	9.1	7.6	0.56	98
				41.1	59.4	18.3	0.54	79
RM25-105	Rover	245	-55	3.0	7.6	4.6	0.61	100
				24.4	44.2	19.8	0.39	96
RM25-106	Rover	240	-55	27.4	42.7	15.2	0.44	58
				47.2	57.9	10.7	0.47	96
RM25-107	Rover	335	-65	29.0	45.7	16.8	0.42	96
RM25-108	Rover	330	-70	7.6	10.7	3.0	0.31	93
				27.4	62.5	35.1	0.42	90
RM25-109	Rover	235	-55	30.5	68.6	38.1	0.36	71
				74.7	77.7	3.0	0.49	74

¹ True width for all holes is estimated to be 65-100% of drilled width. Numbers may not add up due to rounding.

² AuCN/AuFA is the ratio of cyanide soluble gold assay to total gold in fire assay and provides an indication of potential heap leach recoverability for the material sampled.

³ Mineralized intercepts calculated based on a 0.17 g/t cutoff grade allowing up to 2 intervals of internal dilution.

The Mercur property includes interests optioned from Barrick Resources (USA) Inc. and others as summarized in the Company’s Preliminary Economic Assessment NI 43-101 Technical Report on the Mercur Gold Project, Tooele & Utah Counties, Utah, USA prepared by Kappes, Cassidy & Associates, and RESPEC Company LLC dated May 2nd, 2025, for further details. 

 

QA/QC Program

Quality Assurance/Quality Control consists of the regular insertion of certified reference materials, duplicate samples, and blanks into the sample stream. Sample results are analyzed immediately upon receipt, and all discrepancies are investigated. Samples are submitted to the ALS Geochemistry sample preparation facility in Elko, Nevada. Gold analyses are performed at the ALS Geochemistry laboratory in Reno, Nevada or Vancouver, British Columbia, and multi-element geochemical analyses are completed at the ALS Minerals laboratory in Vancouver, British Columbia. ALS Minerals is an ISO/IEC 17025:2017 accredited lab.

Gold assays are determined on reverse circulation drill cuttings and quarter-sawn PQ core by fire assay and Atomic Absorption Spectroscopy (AAS) on a 30-gram nominal sample weight (Au-AA23).  One quarter of the PQ core samples were submitted for assay, one quarter is kept for sample archive, and one half is preserved for future metallurgical column tests. For samples containing greater than 100 ppb Au as determined by Fire Assay, gold content is also determined by cyanide leach with an AAS finish on a nominal 30-gram sample weight (Au-AA13). Multi-element geochemical analyses are completed on composites samples from selected drill holes using the ME-MS 41 method.

 

Qualified Persons

Technical information included in this news release was reviewed and approved by Mr. John Meyer, P.Eng., a QP and Vice President, Engineering and Development for the Company, and Mr. Dan Pace, RM SME, a QP and Chief Geologist for the Company.

About Revival Gold Inc.

Revival Gold is one of the largest, pure gold mine developers in the United States. The Company is advancing development of the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. The Company is headquartered in Toronto, Canada, with its exploration and development office located in Salmon, Idaho.

For further information, please contact:

Scott Trebilcock, VP, Corporate Development & Investor Relations

Telephone: (416) 366-4100 or Email: info@revival-gold.com

Cautionary Statement

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to: Statements with respect to the Company’s exploration, metallurgy, permitting and development activities, the goals and expected outcomes of the planned drilling and development program at Mercur, and the expectation that the Company will proceed with the potential completion of a PFS and formal launch of mine permitting on the Project.

Forward-looking statements and information involve significant known and unknown risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results expressed or implied by such forward-looking statements or information, including, but not limited to: the Company’s ability to finance the development of its mineral properties; uncertainty as to whether there will ever be production at the Company’s mineral exploration and development properties; risks related to the Company’s ability to commence production at the projects and generate material revenues or obtain adequate financing for its planned exploration and development activities; uncertainties relating to the assumptions underlying resource and reserve estimates; mining and development risks, including risks related to infrastructure, accidents, equipment breakdowns, labour disputes, bad weather, non-compliance with environmental and permit requirements or other unanticipated difficulties with or interruptions in development, construction or production; the geology, grade and continuity of the Company’s mineral deposits; the uncertainties involving success of exploration, development and mining activities; permitting timelines; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; prices for energy inputs, labour, materials, supplies and services; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; unexpected cost increases in estimated capital and operating costs; the need to obtain permits and government approvals; material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to other risks and uncertainties disclosed in the Company’s public filings with Canadian securities regulators, including its most recent annual information form and management’s discussion and analysis, available at www.sedarplus.ca. The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

Toronto, ON – October 15^th, 2025 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) is delighted to announce the appointment of Scott Trebilcock as Vice President, Corporate Development & Investor Relations.

“We are thrilled to welcome Scott to Revival Gold”, said Hugh Agro, President & CEO. “Scott is an accomplished and highly regarded gold industry executive with an outstanding track record of success. Scott’s extensive network of business relationships and broad experience in capital markets will serve to accelerate Revival Gold’s investor outreach, enhance the Company’s access to capital, and bolster our capability to maximize shareholder returns”, added Agro. 

“I am excited to join Revival Gold at this transformative point in the Company’s development”, said Scott Trebilcock. “Revival Gold has made two of the largest new US gold discoveries in recent times and is now advancing these multi-million-ounce projects towards production at a time of scarcity and heightened strategic interest in domestic U.S. gold production”, added Trebilcock.  

Mr. Trebilcock has over 30 years of experience in mining and management consulting. Most recently, Mr. Trebilcock served as Chief Development Officer at Mandalay Resources where he developed and executed a transformational M&A and IR strategy resulting in a significant increase in Mandalay’s share price and a merger with Alkane Resource in a $1 billion transaction completed earlier this year. Previously, Mr. Trebilcock served as Chief Development Officer with Nevsun Resources Ltd., responsible for strategy, corporate development and investor relations. Mr. Trebilcock holds a B.Sc. in Chemical Engineering and an MBA, both from Queen’s University and is a Chartered Director.

Subject to regulatory approval, Revival Gold has granted Mr. Trebilcock 450,000 incentive stock options in connection with his appointment.  Pursuant to the Company’s Stock Option Plan, the options are exercisable at a price of $0.75 each for a period of five years and are subject to vesting provisions.

About Revival Gold Inc.

Revival Gold is one of the largest, pure gold mine developers in the United States. The Company is advancing development of the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. The Company is headquartered in Toronto, Canada, with its exploration and development office located in Salmon, Idaho.

For further information, please contact:

Hugh Agro, President & CEO or Scott Trebicock, VP, Corporate Development & IR

Telephone: (416) 366-4100 or Email: info@revival-gold.com

Cautionary Statement

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to statements with respect to the Company’s exploration, and development activities and the expectation that the Company will advance the projects to production.

Forward-looking statements and information involve significant known and unknown risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results expressed or implied by such forward-looking statements or information, including, but not limited to: the Company’s ability to accelerate its investor outreach, enhance its access to capital; bolster the capability to maximize shareholder returns; the ability to finance the development of its mineral properties; uncertainty as to whether there will ever be production at the Company’s mineral exploration and development properties; risks related to the Company’s ability to commence production at the projects and generate material revenues or obtain adequate financing for its planned exploration and development activities; uncertainties relating to the assumptions underlying resource and reserve estimates; mining and development risks, including risks related to infrastructure, accidents, equipment breakdowns, labour disputes, bad weather, non-compliance with environmental and permit requirements or other unanticipated difficulties with or interruptions in development, construction or production; the geology, grade and continuity of the Company’s mineral deposits; the uncertainties involving success of exploration, development and mining activities; permitting timelines; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; prices for energy inputs, labour, materials, supplies and services; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; unexpected cost increases in estimated capital and operating costs; the need to obtain permits and government approvals; material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to other risks and uncertainties disclosed in the Company’s public filings with Canadian securities regulators, including its most recent annual information form and management’s discussion and analysis, available at www.sedarplus.ca. The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

Toronto, ON – October 10^th, 2025 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) wishes to update its shareholders on details regarding the Company’s upcoming annual general and special meeting, which is to be held at the offices of Peterson McVicar LLP, at 110 Yonge Street, Suite 1601, Toronto, ON M5C 1T4 on November 20, 2025 at 10:00 A.M. (Toronto time) (“Meeting”). The Company confirms the availability of its meeting materials and wishes to advise its shareholders, due to the Canada Post mail strike, of alternative ways to vote their shares for the Meeting.

The Meeting is being held for the following purposes:

• to receive the Company’s financial statements for the years ended June 30, 2025, and 2024, and the report of the auditors thereon;
• to set the number of directors of the Company at seven (7);
• to elect the directors of the Company for the ensuing year;
• to appoint MNP LLP, Chartered Accountants, as the auditors of the Company for the ensuing year and to authorize the directors to fix their remuneration;
• to consider and, if deemed advisable, to pass, with or without variation, an ordinary resolution to re-approve the Company’s 10% “rolling” stock option plan for the ensuing year; and
• to transact such further and other business as may be properly brought before the meeting or any adjournment thereof.

Electronic copies of the Notice of Meeting, Circular, form of proxy and all other proxy-related materials (“Meeting Materials”) have been filed and are available under Revival Gold’s SEDAR+ profile at www.sedarplus.ca and are posted under the heading “Investors” on the Company’s website at https://revival-gold.com/agm-materials/. Shareholders are encouraged to access the Meeting Materials via SEDAR+ and the Company’s website, or to contact the Company at info@revival-gold.com or (+1) 416-366-4100 to obtain copies.

Shareholders are not required to be present at the Meeting and can vote their shareholdings in advance of the Meeting. All proxies must be received by the Company’s transfer agent, Computershare Investor Services Inc., by 10:00 am (Toronto Time) on November 18, 2025.

Registered shareholders may vote online at www.investorvote.com, or vote by telephone by following the instruction on the form of proxy. Registered shareholders who require their voting control numbers may obtain the voting control numbers by calling Computershare at 1-800-564-6253 (toll-free in North America) or 1-514-982-7555 (international direct dial). Beneficial holders should contact their brokerage house or depositary company directly, as each intermediary has its own form of proxy return instructions.

Copies of the Company’s audited financial statements and management discussion and analysis for the fiscal years ended June 30, 2025 and June 30, 2024 (collectively, the “Financial Statements and MD&A”) have been filed and are available on the Company’s SEDAR+ profile at www.sedarplus.ca. The Company will provide physical copies of the Financial Statements and MD&A to shareholders upon request by email at info@revival-gold.com. Following the conclusion of the mail strike, shareholders requesting Financial Statements and MD&A will be delivered those documents in the ordinary course.

The Company has complied with the filing requirements for proxy-related materials in Section 9.3 of National Instrument 51-102 – Continuous Disclosure Requirements and has posted them on its website. Due to the ongoing Canada Post strike, delivery of printed copies to certain registered shareholders may be delayed. Shareholders are encouraged to access the materials online and may vote their shares electronically or by telephone, without using the mail, as described in this news release. In the event the postal strike is ended prior to the Meeting, the Company will mail printed copies to registered shareholders who request them as soon as practicable. The Company confirms it is satisfied all the conditions to rely, and is relying, on the exemption from the requirement to send proxy-related materials in the Canadian Securities Administrators Coordinated Blanket Order 51-932 – Re Temporary Exemption from requirements in National Instrument 51-102 Continuous Disclosure Obligations and National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer to send certain proxy-related materials during a postal suspension (the “Order”). In the event that the mail strike ends prior to the Meeting, the Company will mail the Meeting Materials in accordance with the Order, but there can be no assurance that the Meeting Materials will be received by the shareholders prior to the Meeting.

About Revival Gold Inc.

Revival Gold is one of the largest, pure gold mine developers in the United States. The Company is advancing development of the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. The Company is headquartered in Toronto, Canada, with its exploration and development office located in Salmon, Idaho.

For further information, please contact:

Hugh Agro, President & CEO or Lisa Ross, Vice President & CFO

Telephone: (416) 366-4100 or Email: info@revival-gold.com

Cautionary Statement

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to: statements regarding the status and potential impact of the Canada Post mail strike and the timing of the resumption of regular postal service and related mailing of printed materials and the conduct and timing of the Meeting.

Forward-looking statements and information involve significant known and unknown risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results expressed or implied by such forward-looking statements or information, including, but not limited to: the status and duration of the Canada Post mail strike and related disruptions to shareholder communications and voting; the availability, performance and acceptance of electronic voting channels and third-party service providers, the Company’s ability to finance the development of its mineral properties; uncertainty as to whether there will ever be production at the Company’s mineral exploration and development properties; risks related to the Company’s ability to commence production at the projects and generate material revenues or obtain adequate financing for its planned exploration and development activities; uncertainties relating to the assumptions underlying resource and reserve estimates; mining and development risks, including risks related to infrastructure, accidents, equipment breakdowns, labour disputes, bad weather, non-compliance with environmental and permit requirements or other unanticipated difficulties with or interruptions in development, construction or production; the geology, grade and continuity of the Company’s mineral deposits; the uncertainties involving success of exploration, development and mining activities; permitting timelines; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; prices for energy inputs, labour, materials, supplies and services; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; unexpected cost increases in estimated capital and operating costs; the need to obtain permits and government approvals; material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to other risks and uncertainties disclosed in the Company’s public filings with Canadian securities regulators, including its most recent annual information form and management’s discussion and analysis, available at www.sedarplus.ca. The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

Toronto, ON – October 6^th, 2025 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) is pleased to report initial results from this year’s drilling program at the Company’s Mercur Gold Project (“Mercur” or, the “Project”) located in Utah, U.S.A.

Highlights

• Revival Gold has completed 53 holes, and 5,300 meters of this year’s planned 13,000-meter drilling program.
• Assay results have been received for the first nine RC drill holes (RM25-088, 090, 091, 092, 094, 095, 096, 100, and 101) located in the Marion Hill and Rover areas and the first core drill hole (RMC25-014) located in the Mercur Hill area and include:
  • RM25-094 intersected 0.85 g/t gold over 21.3 meters drilled width¹
  • RM25-096 intersected 0.73 g/t gold over 22.9 meters drilled width¹
  • RM25-100 intersected 1.04 g/t gold over 19.8 meters drilled width¹
  • RM25-101 intersected 0.63 g/t gold over 22.9 meters drilled width¹
  • RMC14-014 intersected 1.52 g/t gold over 7.6 meters drilled width¹

¹ True width for all holes is estimated to be 65-100% of drilled width.

• Drilling is ongoing with two RC rigs and one core rig at Main Mercur focused on mineral resource conversion and metallurgical testing.
• In general, mineralization and leachability results collected to date in the 2025 program are consistent with the Inferred Mineral Resource and metallurgical models developed for the Mercur Preliminary Economic Assessment (see “Preliminary Economic Assessment NI 43-101 Technical Report on the Mercur Gold Project, Tooele & Utah Counties, Utah, USA” prepared by Kappes, Cassidy & Associates, and RESPEC Company LLC dated May 2^nd, 2025).

“Revival Gold is off to a favourable start with excellent grades in shallow drilling from the first ten holes at Mercur this year”, said Hugh Agro, President & CEO. “We are now 40% through the drilling program and initial assay results from drill holes sampled to date are consistent with the levels of mineralization and leachability we’d hoped to see. Additional assay results will be released as they become available in the weeks and months ahead”, added Agro.

Figure 1 describes drill hole locations. Detailed drill results are presented in Table 1.

Figure 1: Main Mercur Drill Plan Map

Table 1: Detailed Drill Results

Hole Number	Area	Azimuth (deg.)	Dip (deg.)	From (m)	To (m)	Drilled Width  (m)	Fire Assay Gold Grade (g/t)	AuCN/AuFA Ratio (%)
RM25-088	Marion Hill	0	-90	32.0	47.2	15.2	0.61	77
RM25-090	Marion Hill	0	-90	24.4	53.3	29.0	0.49	90
				64.0	67.1	3.0	0.35	82
RM25-091	Marion Hill	60	-50	38.1	47.2	9.1	0.5	98
				67.1	70.1	3.0	0.32	75
RM25-092	Marion Hill	265	-70	29.0	51.8	22.9	0.51	97
				56.4	61.0	4.6	0.49	91
RM25-094	Marion Hill	285	-60	48.8	70.1	21.3	0.85	85
				99.1	103.6	4.6	0.28	76
				108.2	121.9	13.7	0.27	76
RM25-095	Marion Hill	210	-70	50.3	71.6	21.3	0.39	92
RM25-096	Marion Hill	135	-65	51.8	74.7	22.9	0.73	67
RM25-100	Rover	270	-60	65.5	85.3	19.8	1.04	85
RM25-101	Rover	250	-60	50.3	73.2	22.9	0.63	96
RMC25-014	Mercur Hill	250	-80	78.9	83.3	4.4	0.82	66
				112.2	119.8	7.6	1.52	86
				123.3	126.3	3.0	0.64	79

¹ True width for all holes is estimated to be 65-100% of drilled width. Numbers may not add up due to rounding.

² AuCN/AuFA is the ratio of cyanide soluble gold assay to total gold in fire assay and provides an indication of potential heap leach recoverability for the material sampled.

³ Mineralized intercepts are calculated based on a 0.17 g/t cutoff grade allowing up to two intervals of internal dilution.

The Mercur property includes interests optioned from Barrick Resources (USA) Inc. and others as summarized in the Company’s Preliminary Economic Assessment NI 43-101 Technical Report on the Mercur Gold Project, Tooele & Utah Counties, Utah, USA prepared by Kappes, Cassidy & Associates, and RESPEC Company LLC dated May 2nd, 2025, for further details. 

QA/QC Program

Quality Assurance/Quality Control consists of the regular insertion of certified reference materials, duplicate samples, and blanks into the sample stream. Sample results are analyzed immediately upon receipt, and all discrepancies are investigated. Samples are submitted to the ALS Geochemistry sample preparation facility in Elko, Nevada. Gold analyses are performed at the ALS Geochemistry laboratory in Reno, Nevada or Vancouver, British Columbia, and multi-element geochemical analyses are completed at the ALS Minerals laboratory in Vancouver, British Columbia. ALS Minerals is an ISO/IEC 17025:2017 accredited lab.

Gold assays are determined on reverse circulation drill cuttings and quarter-sawn PQ core by fire assay and Atomic Absorption Spectroscopy (AAS) on a 30-gram nominal sample weight (Au-AA23).  One quarter of the PQ core samples were submitted for assay, one quarter is kept for sample archive, and one half is preserved for future metallurgical column tests. For samples containing greater than 100 ppb Au as determined by Fire Assay, gold content is also determined by cyanide leach with an AAS finish on a nominal 30-gram sample weight (Au-AA13). Multi-element geochemical analyses are completed on composites samples from selected drill holes using the ME-MS 41 method.

Qualified Persons

Technical information included in this news release was reviewed and approved by Mr. John Meyer, P.Eng., a QP and Vice President, Engineering and Development for the Company, and Mr. Dan Pace, RM SME, a QP and Chief Geologist for the Company.

About Revival Gold Inc.

Revival Gold is one of the largest, pure gold mine developers in the United States. The Company is advancing development of the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. The Company is headquartered in Toronto, Canada, with its exploration and development office located in Salmon, Idaho.

For further information, please contact:

Hugh Agro, President & CEO or Lisa Ross, Vice President & CFO

Telephone: (416) 366-4100 or Email: info@revival-gold.com

Cautionary Statement

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to: Statements with respect to the Company’s exploration, metallurgy, permitting and development activities, the goals and expected outcomes of the planned drilling and development program at Mercur, and the expectation that the Company will proceed with the potential completion of a PFS and formal launch of mine permitting on the Project.

Forward-looking statements and information involve significant known and unknown risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results expressed or implied by such forward-looking statements or information, including, but not limited to: the Company’s ability to finance the development of its mineral properties; uncertainty as to whether there will ever be production at the Company’s mineral exploration and development properties; risks related to the Company’s ability to commence production at the projects and generate material revenues or obtain adequate financing for its planned exploration and development activities; uncertainties relating to the assumptions underlying resource and reserve estimates; mining and development risks, including risks related to infrastructure, accidents, equipment breakdowns, labour disputes, bad weather, non-compliance with environmental and permit requirements or other unanticipated difficulties with or interruptions in development, construction or production; the geology, grade and continuity of the Company’s mineral deposits; the uncertainties involving success of exploration, development and mining activities; permitting timelines; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; prices for energy inputs, labour, materials, supplies and services; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; unexpected cost increases in estimated capital and operating costs; the need to obtain permits and government approvals; material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to other risks and uncertainties disclosed in the Company’s public filings with Canadian securities regulators, including its most recent annual information form and management’s discussion and analysis, available at www.sedarplus.ca. The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

Toronto, ON – September 8^th, 2025 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) is pleased to provide an update on drilling and development activities at the Company’s Mercur Gold Project (“Mercur” or, the “Project”) located in Utah, U.S.A.

Drilling Highlights

• Two rigs operating at Mercur since July have completed approximately 3,200 meters of a planned 13,000-meter drilling program at Mercur this year.
• Six PQ core holes have been drilled to collect material from the east walls of the Main Mercur pits and Rover area for column leach testing. Twenty-two RC holes have been drilled in the Marion Hill and Rover areas to infill historical drilling (Figure 1).
• Core and chip logging is ongoing with Revival Gold having implemented Datarock Pty Ltd’s geoscience platform this season to process chip tray images and utilize machine learning to help interpret the data. Optical televiewer images have been collected from two core holes to support geotechnical studies on the project.
• 1,300 samples have been submitted to ALS Assay Lab from sixteen holes.
• RC drilling has predominantly been targeted to infill Inferred Mineral Resources in the Rover area, with some holes planned to pursue potential extensions outside the existing mineral resources.
• Core drilling will continue to focus on collecting representative metallurgical samples throughout the Main Mercur area.  Planned core drilling at South Mercur this year remains subject to permitting approval by Utah’s Division of Oil, Gas and Mining.

Development Highlights

• Revival Gold has engaged Stantec Consulting Services Inc. and KTW Environmental Consultants LLC to evaluate the existing environmental baseline information, identify supplemental baseline data requirements and develop baseline work plans.
• Kappes, Cassiday & Associates has been engaged to oversee metallurgical sample collection, design metallurgical composites in support of future metallurgical testing, and coordinate with our permitting team to develop a project description and footprint to optimize project permitting timelines and project economics.
• Subterra LLC has been engaged to support drilling-related geotechnical data collection and to develop Pre-Feasibility Study (“PFS”)-level open-pit geotechnical models.
• RESPEC Company LLC has been retained to refine and update 3D models for mineral resource estimating purposes in support of a PFS.

“With two rigs operating and a third on its way, we’ve completed about a quarter of the planned 13,000-meter drilling program at Mercur this year”, said Hugh Agro, President & CEO. “Meanwhile, key components of the Mercur development consulting team have coalesced under the leadership of our VP, Engineering & Development, John Meyer, in preparation for the potential completion of a PFS and the formal launch of mine permitting in 2026. Initial assay results from the drilling program are expected later this fall”, added Agro.

Figure 1: Main Mercur Drilling Plan (completed drill holes numbered)

The Mercur property includes interests optioned from Barrick Resources (USA) Inc. and others as summarized in the Company’s Preliminary Economic Assessment NI 43-101 Technical Report on the Mercur Gold Project, Tooele & Utah Counties, Utah, USA prepared by Kappes, Cassidy & Associates, and RESPEC Company LLC dated May 2nd, 2025, (the “PEA”) for further details. 

Qualified Persons

Technical information included in this news release was reviewed and approved by Mr. John Meyer, P.Eng., a QP and Vice President, Engineering and Development for the Company, and Mr. Dan Pace, RM SME, a QP and Chief Geologist for the Company.

About Revival Gold Inc.

Revival Gold is one of the largest, pure gold mine developers in the United States. The Company is advancing development of the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. The Company is headquartered in Toronto, Canada, with its exploration and development office located in Salmon, Idaho.

For further information, please contact:

Hugh Agro, President & CEO or Lisa Ross, Vice President & CFO
Telephone: (416) 366-4100 or Email: info@revival-gold.com

Cautionary Statement

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to: Statements with respect to the Company’s exploration, metallurgy, permitting and development activities, the goals and expected outcomes of the planned drilling and development program at Mercur, and the expectation that the Company will proceed with the potential completion of a PFS and formal launch of mine permitting on the Project.

Forward-looking statements and information involve significant known and unknown risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results expressed or implied by such forward-looking statements or information, including, but not limited to: the Company’s ability to finance the development of its mineral properties; uncertainty as to whether there will ever be production at the Company’s mineral exploration and development properties; risks related to the Company’s ability to commence production at the projects and generate material revenues or obtain adequate financing for its planned exploration and development activities; uncertainties relating to the assumptions underlying resource and reserve estimates; mining and development risks, including risks related to infrastructure, accidents, equipment breakdowns, labour disputes, bad weather, non-compliance with environmental and permit requirements or other unanticipated difficulties with or interruptions in development, construction or production; the geology, grade and continuity of the Company’s mineral deposits; the uncertainties involving success of exploration, development and mining activities; permitting timelines; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; prices for energy inputs, labour, materials, supplies and services; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; unexpected cost increases in estimated capital and operating costs; the need to obtain permits and government approvals; material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to other risks and uncertainties disclosed in the Company’s public filings with Canadian securities regulators, including its most recent annual information form and management’s discussion and analysis, available at www.sedarplus.ca. The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

Toronto, ON – August 18^th, 2025 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) is pleased to announce promising results from a program of metallurgical testing undertaken in collaboration with Dundee Sustainable Technologies (“DST”), a subsidiary of Dundee Corporation (TSX: DC.A), to evaluate the effectiveness of DST’s Glasslock Process™ on a high-grade sample from the Joss deposit at the Company’s Beartrack-Arnett Gold Project (“Beartrack-Arnett” or, the “Project”) located in Idaho, U.S.A.

Highlights

• GlassLock Process™ testing on high-grade underground sulphide material at Beartrack-Arnett boosted the concentrate gold grade 31% and cut the arsenic content by 99% with almost no loss in gold.
• DST’s GlassLock Process has been successfully tested globally and used at an industrial scale at the Tsumeb smelter facility in Namibia.
• 3,900-meter core drilling program will be kicked off later this year to continue to test and expand on the high-grade underground potential at Beartrack-Arnett.

The DST work was undertaken subsequent to Dundee Corporation’s purchase of a strategic stake in Revival Gold (see Revival Gold news release dated February 19^th, 2025) and followed up a previously reported flotation testing program on a 4.6 g/T gold composite from the Joss deposit that yielded a flotation concentrate grading 50 g/T gold, 23% sulphide sulphur and 13.5% arsenic (see Revival Gold news release dated September 6^th, 2023). DST developed a similar arsenopyrite-rich concentrate from Joss samples (50.3 g/T gold, 23.6% sulphide sulphur, 13.7% arsenic) and following their GlassLock Process™ the concentrate graded 66.1 g/T gold (a 31% increase), 17.9% sulphide sulphur (a 24% reduction), and 0.19% arsenic (a 99% reduction). No measurable gold was lost during the GlassLock Process™. The primary biproduct from the GlassLock Process™ is a stable, insoluble, arsenic-rich glass characterized as non-toxic using Environmental Protection Agency’s Method 1311 Toxicity Characteristic Leaching Procedure.

“DST’s Glasslock Process™ offers Revival Gold the opportunity to produce a direct-to-smelter saleable gold concentrate from a potential second phase underground sulphide operation following the planned open pit heap leach phase at Beartrack-Arnett”, said Hugh Agro, Revival Gold President & CEO. “A 3,900-meter exploration drilling program will be initiated later this year as we continue to test and expand Beartrack-Arnett’s high-grade underground potential”, added Agro.

“One of the key attractions for Dundee Corporation in getting involved with Revival Gold earlier this year was the potential for our subsidiary business, DST, to help unlock additional value from Revival Gold’s high-grade sulphide material,” observed Jonathan Goodman, President & CEO, Dundee Corporation. “DST is expected to play a big role in the future of gold processing with GlassLock™ already having been successfully tested on projects in Canada, the United States and Africa and implemented on an industrial–scale to stabilize arsenic-bearing feed materials at Dundee Precious Metal Inc.’s Tsumeb smelter facility in Namibia”, added Goodman.

Results from Revival Gold’s DST metallurgical testing will be presented by the Company’s, Vice President, Engineering & Development, John Meyer, at the upcoming Nevada Mineral Processors Division annual meeting taking place August 20-22, 2025, in Reno, Nevada.

Qualified Persons

Technical information included in this news release was reviewed and approved by Mr. John Meyer, P.Eng., a QP and Vice President, Engineering and Development for the Company.

About Dundee Corporation

Dundee Corporation is a public Canadian independent holding company, listed on the Toronto Stock Exchange under the symbol “DC.A”. Through its operating subsidiaries, including Dundee Sustainable Technologies, Dundee Corporation is an active investor focused on delivering long-term, sustainable value as a trusted partner in the mining sector with more than 30 years of experience making accretive mining investments.

About Revival Gold Inc.

Revival Gold is one of the largest, pure gold mine developers in the United States. The Company is advancing development of the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. The Company is headquartered in Toronto, Canada, with its exploration and development office located in Salmon, Idaho.

For further information, please contact:

Hugh Agro, President & CEO or Lisa Ross, Vice President & CFO

Telephone: (416) 366-4100 or Email: info@revival-gold.com

Cautionary Statement

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to: statements with respect to the Company’s exploration, metallurgy and development activities at Beartrack-Arnett, the goals and expected outcomes of the planned drill program at Beartrack-Arnett, the ability of DST’s Glasslock Process™ to produce a direct-to-smelter saleable gold concentrate, and the expectation the Mercur will reach production and the timing thereof.

Forward-looking statements and information involve significant known and unknown risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results expressed or implied by such forward-looking statements or information, including, but not limited to: the Company’s ability to finance the development of its mineral properties; uncertainty as to whether there will ever be production at the Company’s mineral exploration and development properties; risks related to the Company’s ability to commence production at the projects and generate material revenues or obtain adequate financing for its planned exploration and development activities; uncertainties relating to the assumptions underlying resource and reserve estimates; mining and development risks, including risks related to infrastructure, accidents, equipment breakdowns, labour disputes, bad weather, non-compliance with environmental and permit requirements or other unanticipated difficulties with or interruptions in development, construction or production; the geology, grade and continuity of the Company’s mineral deposits; the uncertainties involving success of exploration, development and mining activities; permitting timelines; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; prices for energy inputs, labour, materials, supplies and services; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; unexpected cost increases in estimated capital and operating costs; the need to obtain permits and government approvals; material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to other risks and uncertainties disclosed in the Company’s public filings with Canadian securities regulators, including its most recent annual information form and management’s discussion and analysis, available at www.sedarplus.ca. The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

Toronto, ON – July 9^th, 2025 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) is pleased to announce the arrival of the first of two drilling rigs on site at the Company’s Mercur Gold Project (“Mercur” or, the “Project”) located in Utah, U.S.A.

Revival Gold 2025 drilling program at Mercur has commenced. The program includes 3,000 meters of HQ and PQ core drilling to support future metallurgical and geotechnical testing and a further 10,000 meters of RC drilling to upgrade and potentially expand on the Project’s Mineral Resources (see the Company’s Preliminary Economic Assessment NI 43-101 Technical Report on the Mercur Gold Project, Tooele & Utah Counties, Utah, USA prepared by Kappes, Cassidy & Associates, and RESPEC Company LLC dated May 2nd, 2025, (the, “PEA”) for further details). 

The first rig to arrive on site is a core drilling rig contracted from Alford Drilling LLC. Planned core drilling is expected to be completed over the course of the next three to four months. Sample material will be collected and analyzed for gold and multi-element geochemistry before being sized and composited into samples for metallurgical testing. The objective is to augment and expand on existing metallurgical test data with variability testing on different size fractions across geographically distributed sites within the known Mineral Resource. Select samples will also be analyzed for geotechnical properties such as rock strength.

A second, RC, drill rig contracted from Boart Longyear is slated to arrive later this month. 60-75 drill RC holes are planned for the Rover, Main and South Mercur deposit areas over the course of the next five to six months. The primary objective of these holes is to support the development of a Preliminary Feasibility Study in 2026. Several of these holes will sample historical waste rock fill material originally mined during open pit operations in the 1980’s and 90’s. This material is currently assumed to be waste in the PEA (with no potential recoverable gold value). However, recent data (including drill hole EN070 which intersected 0.73 g/t Au over 93 meters in waste rock fill, see PEA for further details) suggests that the material may contain appreciable gold. While further study is needed, waste rock fill has been identified as an important potential additional value catalyst at Mercur (see PEA for further details).

“We anticipate significantly more exploration and development news from Revival Gold’s field activities this year”, said Hugh Agro, President & CEO. “With two drilling rigs secured for Mercur and a third planned for Beartrack-Arnett later this year, Revival Gold’s 2025 field season has the potential to be our most productive to date”, added Agro.

The Mercur property includes interests optioned from Barrick Resources (USA) Inc. and others as summarized in the PEA.

With the expected increase in news flow referenced above, Revival Gold further announces the extension of the Company’s marketing services agreement (“Agreement”) with Resource Stock Digest (“RSD”) first announced March 20th, 2025, pursuant to an amendment to the Agreement dated July 1, 2025 (the “Amended Agreement”).  The Amended Agreement provides for an initial term of three months and may be extended for a period of up to one year at the discretion of the Company. Under the terms of the Amended Agreement, the Company shall pay RSD US$100,000 per quarter paid in advance of each quarter commencing July 1st, 2025 for marketing and advertising services. RSD is owned and operated by Gerardo Del Real and Nick Hodge, both shareholders of the Company.  As at the date of the Agreement, the aggregate holdings of Mr. Del Real and Mr. Hodge represent less than 2% of the issued shares of Revival Gold.  RSD and Messrs. Del Real and Hodge are at arm’s-length to the Company. The Amended Agreement is subject to the approval of the TSX Venture Exchange. 

Qualified Persons

 

Technical information included in this news release was reviewed and approved by Mr. John Meyer, P.Eng., a QP and Vice President, Engineering and Development for the Company, and Mr. Dan Pace, RM SME, a QP and Chief Geologist for the Company.

About Revival Gold Inc.

Revival Gold is one of the largest, pure gold mine developers in the United States. The Company is advancing development of the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. The Company is headquartered in Toronto, Canada, with its exploration and development office located in Salmon, Idaho.

For further information, please contact:

Hugh Agro, President & CEO or Lisa Ross, Vice President & CFO

Telephone: (416) 366-4100 or Email: info@revival-gold.com

Cautionary Statement

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to: statements with respect to the Company’s exploration and development activities, that the Company’s contemplated drill program will include 3,000 meters of HQ and PQ core drilling to support future metallurgical and geotechnical testing and a further 10,000 meters of RC drilling to upgrade and potentially expand on the Project’s Mineral Resources, the timing, scale, scope and objectives of the planned drill program at the Project, the potential for drilling to support a preliminary feasibility study and the timing thereof, the Company’s plan to secure a drill rig for Beartrack-Arnett later this year, the potential for Revival Gold’s 2025 field season to be the Company’s most productive to date, the goals and expected outcomes of the planned drill program at Mercur; and the planned drill program at Beartrack-Arnett.

Forward-looking statements and information involve significant known and unknown risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results expressed or implied by such forward-looking statements or information, including, but not limited to: the Company’s ability to finance the development of its mineral properties; uncertainty as to whether there will ever be production at the Company’s mineral exploration and development properties; risks related to the Company’s ability to commence production at the projects and generate material revenues or obtain adequate financing for its planned exploration and development activities; uncertainties relating to the assumptions underlying resource and reserve estimates; mining and development risks, including risks related to infrastructure, accidents, equipment breakdowns, labour disputes, bad weather, non-compliance with environmental and permit requirements or other unanticipated difficulties with or interruptions in development, construction or production; the geology, grade and continuity of the Company’s mineral deposits; the uncertainties involving success of exploration, development and mining activities; permitting timelines; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; prices for energy inputs, labour, materials, supplies and services; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; unexpected cost increases in estimated capital and operating costs; the need to obtain permits and government approvals; material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to other risks and uncertainties disclosed in the Company’s public filings with Canadian securities regulators, including its most recent annual information form and management’s discussion and analysis, available at www.sedarplus.ca. The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.