TSX.V: RVG

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Revival Gold Announces AGM Results

Toronto, ON – November 19th, 2019 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, announces voting results for the election of directors at its Annual General Meeting (“AGM”) of Shareholders held on November 19th, 2019, in Toronto.

A total of 27,876,284 common shares representing 52.8% of the Company’s issued and outstanding shares were voted in connection with the AGM. Shareholders approved all items of business before the AGM including the election of Directors as follows:

Director NomineesVotes For% of Votes Cast
Diane Garrett25,711,50999.9%
Hugh Agro25,717,70999.9%
Donald Birak25,691,60999.9%
Wayne Hubert25,691,60999.9%
Michael Mansfield25,696,60999.9%
Carmelo Marrelli23,177,35990.1%

Following the AGM, Revival Gold re-appointed Diane Garrett as Chairman of the Board, Michael Mansfield as Audit Committee Chair and Corporate Governance and Nominating Committee Chair, Carmelo Marrelli as Compensation Committee Chair and Donald Birak as Technical, Safety, Environment and Social Responsibility Committee Chair.

About Revival Gold Inc.

Revival Gold Inc. is a growth-focused gold exploration and development company. The Company has the right to acquire a 100% interest in Meridian Beartrack Co., owner of the former producing Beartrack Gold Project located in Lemhi County, Idaho. Revival Gold also owns rights to a 100% interest in the neighbouring Arnett Gold Project.

In addition to its interests in Beartrack and Arnett, the Company is pursuing other gold exploration and development opportunities and holds a 51% interest in the Diamond Mountain Phosphate Project located in Uintah County, Utah.

Revival Gold currently has approximately 52.8 million shares outstanding and had a working capital balance of approximately $1.6 million as at September 30th, 2019. Additional disclosure of the Company’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

For further information, please visit www.revival-gold.com or contact:

Hugh Agro, President & CEO or Adam Rochacewich, 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 news release.

This News Release includes certain “forward-looking statements” which 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 information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s intentions regarding its objectives, goals or future plans and statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to,

failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Revival Gold to Attend Conferences

Toronto, ON – October 29th, 2019 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth‐focused gold exploration and development company, announces its participation in the following upcoming conferences:

  • New Orleans Investment Conference to be held in New Orleans, Louisiana, November 1st – 4th, 2019 at the Hilton New Orleans Riverside. Presenting over lunch, Sunday, November 3rd, 2019, 12:30 pm – 1:30 pm in Churchill C1, Second Floor; and,
  • 121 Mining Investment Conference London to be held in London, U.K. on November 20th – 21st, 2019 at etc.venues County Hall, Riverside Building, Belvedere Road. Presenting Thursday, November 21st, 2019, 12:40 pm – 12:50 pm.

Interested parties that wish to schedule a meeting, or who would like more information regarding the conferences noted above, please contact, Melisa Armand, (416) 366-4100 or email info@revival-gold.com. Corporate presentation and information materials are available on the Company’s website at www.revival‐gold.com.

About Revival Gold Inc.

Revival Gold Inc. is a growth-focused gold exploration and development company. The Company has the right to acquire a 100% interest in Meridian Beartrack Co., owner of the former producing Beartrack Gold Project located in Lemhi County, Idaho. Revival Gold also owns rights to a 100% interest in the neighbouring Arnett Gold Project.

In addition to its interests in Beartrack and Arnett, the Company is pursuing other gold exploration and development opportunities and holds a 51% interest in the Diamond Mountain Phosphate Project located in Uintah County, Utah.

Revival Gold currently has approximately 52.8 million shares outstanding and had a working capital balance of approximately $1.6 million as at September 30th, 2019. Additional disclosure of the Company’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

For further information, please visit www.revival-gold.com or contact:

Hugh Agro, President & CEO or Adam Rochacewich, 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 news release.

This News Release includes certain “forward-looking statements” which 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 information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s intentions regarding its objectives, goals or future plans and statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, 

failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Revival Gold Concludes Drill Program And Is Underway With Resource Update

Toronto, ON – October 22nd, 2019 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, announces the conclusion of its summer 2019 drilling program at the Arnett (“Arnett”) and adjacent Beartrack (“Beartrack”) gold projects located in Lemhi County, Idaho, and results from the program’s final six drill holes.

Results include four core holes drilled in the Haidee target area and two core holes drilled in the Haidee West target area at Arnett. All four holes drilled at Haidee intersected near-surface oxide mineralization. One hole at Haidee West intersected near-surface sulfide mineralization.

Highlights

  • 13.6 meters1 of 0.86 g/t Au in AC19-36D at Haidee
  • 10.7 meters1 of 0.56 g/t Au in AC19-38D at Haidee
  • 38.3 meters1 of 0.43 g/t Au in AC19-39D at Haidee
  • 11.3 meters1 of 0.68 g/t Au in AC19-31D at Haidee West

1 Drilled width; true width estimated to be approximately equivalent to drilled width.

Revival Gold’s summer 2019 drill program consisted of 25 core holes for 5,060 meters and was completed ahead of schedule and under budget. The program was executed with zero safety incidents and in full compliance with applicable environmental and permit requirements.

Revival Gold is now focused on completing a second phase metallurgical test work program and on an updated resource estimate for the combined Beartrack-Arnett project. Both initiatives are being overseen by the Company’s principal technical consultant, Roscoe Postal Associates Inc. (“RPA”). The initiatives are expected to be completed before year-end (metallurgical test-work) and in Q1 2020 (updated resource).

The updated resource estimate will include approximately 15,000 meters of new core drilling completed at Beartrack-Arnett in 2018 and 2019 that was not included in the Company’s May 2018 maiden Beartrack mineral resource.

“Revival Gold delivered impressive results this year intersecting gold in 23 of 25 holes drilled. Drill data and metallurgical test results are being analysed and will form the basis of an updated resource estimate expected in Q1 2020”, said Hugh Agro, President & CEO.

Drill Results

Drill holes AC19-36D to AC19-39D released today are from the Haidee target area at Arnett and intersected oxide gold mineralization in altered and/or faulted granite. The remaining two holes released today, AC19-31D and AC19-35D, were drilled in the Haidee West target area. One hole encountered mineralization hosted by altered granite while the second encountered no significant mineralization.

The gold at Haidee West generally occurs in association with unoxidized pyrite. Further interpretation of controls on mineralization and faulting at Haidee and Haidee West is underway.

Gold mineralization at Haidee remains open along strike to the north and south and to the south-west.

Summary assay results from drill holes released today are presented in the table below:

Hole NumberAreaAzimuth
(deg.)
Dip
(deg.)
From
(m)
To
(m)
Drilled Width1
(m)
Fire Assay Gold Grade (g/t)
AC19-31DHaidee West240-4553.664.911.30.68
Incl.59.764.95.21.39
AC19-35DHaidee West233-65No significant results
AC19-36DHaidee60-5484.498.013.60.86
Incl.93.698.04.41.70
AC19-37D2Haidee64-7645.052.07.12.80
Incl.48.152.04.04.43
59.479.720.30.30
AC19-38DHaidee67-7516.727.410.70.56
43.245.92.72.34
76.685.79.10.28
98.0103.55.51.17
AC19-39DHaidee67-5264.9103.238.30.43
Incl.96.0103.27.20.95

1 True width estimated to be approximately equivalent to drilled width. Numbers may not add up due to rounding.
Core recoveries for the intervals 49.6m to 50.5m and 78.6m to 79.7m was 41% and 31% respectively.

Figure 1, Arnett Haidee Drill Results, is a plan map showing the location of 39 core holes completed in the Haidee area at Arnett to-date. These include core holes drilled by Meridian Gold Inc. in 1997 (ACDD-series holes) and by Revival Gold in 2018 (AC18-series holes) and in 2019 (AC19-series holes).

Figure 2, Arnett Exploration Compilation Map, details the current array of data and exploration targets that have been identified to-date at Arnett.

QA/QC Program

Quality Assurance/Quality Control consists of the regular insertion of duplicates, blanks and certified reference materials into the sample stream. Check samples will be submitted to an umpire laboratory at the end of the drilling program. Sample results are analyzed immediately upon receipt and all discrepancies are investigated. Samples are submitted to the ALS Minerals sample preparation facility in Elko, Nevada. Gold analyses are performed at the ALS Minerals laboratory in Reno, Nevada and multi-element geochemical analyses are completed at the ALS Minerals laboratory in Vancouver, British Columbia. ALS Minerals is an ISO 17025:2005 accredited lab.

Sample preparation for Beartrack consists of crushing the sample to 70% less than 2mm and pulverizing 250 grams to better than 85% passing 75 microns (PREP-31) while sample preparation for Arnett consists of crushing the sample to 70% less than 2mm and pulverizing 1,000 grams to better than 85% passing 75 microns (PREP-31B). Gold assays are determined by Fire Assay and AAS on a 30-gram nominal sample weight (Au-AA24). For shallow holes targeting leachable mineralization, gold 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 selected drill holes using the ME-MS 61 method.

Steven T. Priesmeyer, C.P.G., Vice-President Exploration, Revival Gold Inc., is the Company’s designated Qualified Person within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects and has reviewed and approved its scientific and technical content.

About Revival Gold Inc.

Revival Gold Inc. is a growth-focused gold exploration and development company. The Company has the right to acquire a 100% interest in Meridian Beartrack Co., owner of the former producing Beartrack Gold Project located in Lemhi County, Idaho. Revival Gold also owns rights to a 100% interest in the neighbouring Arnett Gold Project.

In addition to its interests in Beartrack and Arnett, the Company is pursuing other gold exploration and development opportunities and holds a 51% interest in the Diamond Mountain Phosphate Project located in Uintah County, Utah.

Revival Gold currently has approximately 52.8 million shares outstanding and had a working capital balance of approximately $1.6 million as at September 30th, 2019. Additional disclosure of the Company’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

For further information, please visit www.revival-gold.com or contact:

Hugh Agro, President & CEO or Adam Rochacewich, 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 news release.

This News Release includes certain “forward-looking statements” which 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 information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s intentions regarding its objectives, goals or future plans and statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Figure 1 – Arnett Haidee Area Drill Results (October 22nd, 2019)

Figure 2 – Arnett Exploration Compilation Map (October 22nd, 2019)

Revival Gold Drilling Continues to Expand Oxide Gold Target at Arnett

Toronto, ON – September 26th, 2019 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, announces the release of a further nine holes from its summer 2019 core drilling program at the former producing Beartrack Gold Project (“Beartrack”) and the adjacent Arnett Gold Project (“Arnett”) located in Lemhi County, Idaho.

Results released below include six core holes drilled in the Haidee target and three core holes drilled in the Haidee West target at Arnett. All six holes drilled in the Haidee target intersected near-surface oxide mineralization, primarily along the northern flank of the Haidee gold system. Two of the three holes drilled in the Haidee West target intersected near-surface sulfide mineralization.

Highlights

  • 0.44 g/t Au over 16.8 meters1 and 1.95 g/t Au over 20.0 meters1 in AC19-27D
  • 0.44 g/t Au over 18.3 meters1 in AC19-28D
  • 0.64 g/t Au over 30.2 meters1 and 0.72 g/t over 11.3 meters1 in AC19-29D
  • 0.42 g/t Au over 15.8 meters1 in AC19-30D

1 Drilled width; true width estimated to be approximately equivalent to drilled width.

“We continue to expand the footprint of near-surface oxide gold mineralization in the Haidee target area at Arnett – this time along the northern flank” said Hugh Agro, President & CEO. “Results from the final six holes drilled in this summer’s program will be released in the coming weeks and an updated resource estimate for the entire Beartrack-Arnett Gold Project is expected in the first quarter next year.”

Details

Revival Gold completed a 25-hole core drilling program on the Beartrack-Arnett project in early September. Three holes were targeted in the Joss area at Beartrack and results were released on July 29th, 2019.

The balance of 22 drill holes were targeted on the Haidee and Haidee West areas at Arnett. The first seven holes targeted the Haidee area and intersected oxide gold mineralization in moderately altered and/or faulted granite. Results were released on September 3rd, 2019.

Drill holes AC19-22D and AC19-26D to 30D released today are from the Haidee target area at Arnett and intersected oxide gold mineralization in altered and/or faulted granite. The remaining three holes released today, AC19-32D to 34D, were drilled in the Haidee West target area. Two encountered mineralization hosted by altered granite while the third encountered no significant mineralization.

Although the mineralized intercepts from Haidee West are consistent with those encountered in the main Haidee target in terms of grade and width, gold generally occurs in association with unoxidized pyrite. Further interpretation of controls on mineralization and faulting in the two areas is underway.

Summary assay results from drill holes released today are presented in the table below:

Hole
Number
AreaAzimuth
(deg.)
Dip
(deg.)
From
(m)
To
(m)
Drilled Width1
(m)
Fire Assay Gold Grade
(g/t)
AC19-22DHaidee63-7626.837.510.70.39
33.137.54.40.66
AC19-26DHaidee62-6118.920.81.80.93
112.0117.55.51.94
136.9139.62.70.59
AC19-27DHaidee63-6139.045.26.20.34
81.798.516.80.44
118.4138.420.01.952
Incl.122.8124.41.520.4
AC19-28DHaidee64-614.022.318.30.44
48.271.022.90.34
116.7140.924.20.34
AC19-29DHaidee65-615.517.712.20.30
95.4106.711.30.72
115.2145.430.20.64
AC19-30DHaidee272-50114.7128.413.70.36
144.8160.615.80.42
174.4175.91.53.97
AC19-32DHaidee West235-6590.2114.624.40.98
Incl.101.2105.13.93.35
AC19-33DHaidee West239-4693.3106.413.11.58
Incl.96.999.22.36.06
AC19-34DHaidee West197-51No significant results

1 True width estimated to be approximately equivalent to drilled width. Numbers may not add up due to rounding.

2 If the 20.4 g/t Au sample in this interval (1.5m drilled width) was cut to 12.0 g/t Au (based on an analysis of a cumulative frequency plot of drill results from the main Haidee area) the grade of this interval would be 1.31 g/t Au.

Figure 1, Arnett Haidee Drill Results, is a plan map showing the location of 33 core holes completed in the Haidee area at Arnett to-date. These include core holes drilled by Meridian Gold Inc. in 1997 (ACDD-series holes) and by Revival Gold in 2018 (AC18-series holes) and in 2019 (AC19-series holes).

A further six core holes in the Haidee and Haidee West areas have been drilled in connection with Revival Gold’s summer 2019 drilling program. Results are pending. The approximate locations of these additional holes are also shown in Figure 1.

Figure 2, Preliminary Arnett Haidee Area Cross-Sectional Interpretation, is a preliminary cross-sectional interpretation looking north-west along strike through the main body of the known gold system at Arnett.

Revival Gold expects to complete an updated resource estimate for Beartrack-Arnett in the first quarter of 2020.

QA/QC Program

Quality Assurance/Quality Control consists of the regular insertion of duplicates, blanks and certified reference materials into the sample stream. Check samples will be submitted to an umpire laboratory at the end of the drilling program. Sample results are analyzed immediately upon receipt and all discrepancies are investigated. Samples are submitted to the ALS Minerals sample preparation facility in Elko, Nevada. Gold analyses are performed at the ALS Minerals laboratory in Reno, Nevada and multi-element geochemical analyses are completed at the ALS Minerals laboratory in Vancouver, British Columbia. ALS Minerals is an ISO 17025:2005 accredited lab.

Sample preparation for Beartrack consists of crushing the sample to 70% less than 2mm and pulverizing 250 grams to better than 85% passing 75 microns (PREP-31) while sample preparation for Arnett consists of crushing the sample to 70% less than 2mm and pulverizing 1,000 grams to better than 85% passing

75 microns (PREP-31B). Gold assays are determined by Fire Assay and AAS on a 30-gram nominal sample weight (Au-AA24). For shallow holes targeting leachable mineralization, gold 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 selected drill holes using the ME-MS 61 method.

Steven T. Priesmeyer, C.P.G., Vice-President Exploration, Revival Gold Inc., is the Company’s designated Qualified Person within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects and has reviewed and approved its scientific and technical content.

About Revival Gold Inc.

Revival Gold Inc. is a growth-focused gold exploration and development company. The Company has the right to acquire a 100% interest in Meridian Beartrack Co., owner of the former producing Beartrack Gold Project located in Lemhi County, Idaho. Revival Gold also owns rights to a 100% interest in the neighbouring Arnett Gold Project.

In addition to its interests in Beartrack and Arnett, the Company is pursuing other gold exploration and development opportunities and holds a 51% interest in the Diamond Mountain Phosphate Project located in Uintah County, Utah.

Revival Gold currently has approximately 52.5 million shares outstanding and had a working capital balance of approximately $3.7 million as at June 30th, 2019. Additional disclosure of the Company’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

For further information, please visit www.revival-gold.com or contact:

Hugh Agro, President & CEO or Adam Rochacewich, 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 news release.

This News Release includes certain “forward-looking statements” which 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 information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s intentions regarding its objectives, goals or future plans and statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to,

failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Figure 1 – Arnett Haidee Area Drill Results (September 26th, 2019)

Figure 2 – Preliminary Arnett Haidee Cross-Sectional Interpretation (September 26th, 2019)

Revival Gold to Attend Conferences

Toronto, ON – September 5th, 2019 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth‐focused gold exploration and development company, announces its participation in the following upcoming conferences:

  • Precious Metals Summit 2019 to be held in Beaver Creek, Colorado. September 10th‐13th, 2019 at The Park Hyatt Beaver Creek. Presenting, Wednesday, September 11th, 2019 at 1:00pm – 1:15pm in Room 1 ‐ Gerald R. Ford Hall, Hyatt; and,
  • Denver Gold Forum 2019 to be held in Denver, Colorado. September 15th‐18th, 2019 at The Hyatt Regency Denver.

Interested parties that wish to schedule a meeting, or who would like more information regarding the conferences noted above, please contact, Melisa Armand, (416) 366-4100 or email info@revival-gold.com. Corporate presentation and information materials are available on the Company’s website at www.revival‐gold.com.

About Revival Gold Inc.

Revival Gold Inc. is a growth-focused gold exploration and development company. The Company has the right to acquire a 100% interest in Meridian Beartrack Co., owner of the former producing Beartrack Gold Project located in Lemhi County, Idaho. Revival Gold also owns rights to a 100% interest in the neighbouring Arnett Gold Project.

In addition to its interests in Beartrack and Arnett, the Company is pursuing other gold exploration and development opportunities and holds a 51% interest in the Diamond Mountain Phosphate Project located in Uintah County, Utah.

Revival Gold currently has approximately 52.5 million shares outstanding and had a working capital balance of approximately $3.7 million as at June 30th, 2019. Additional disclosure of the Company’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

For further information, please visit www.revival-gold.com or contact:

Hugh Agro, President & CEO or Adam Rochacewich, 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 news release.

This News Release includes certain “forward-looking statements” which 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 information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s intentions regarding its objectives, goals or future plans and statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Revival Gold Expands Oxide Gold Target at Arnett

Intersects 1 g/t Au over 60 meters and 0.9 g/t Au over 66 meters in the Haidee target area

Toronto, ON – September 3rd, 2019 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, announces a second batch of drill results from its summer 2019 core drilling program at the former producing Beartrack Gold Project (“Beartrack”) and the adjacent Arnett Gold Project (“Arnett”) located in Lemhi County, Idaho. 

Results released below cover seven core holes drilled in the Haidee target area at Arnett. All seven holes intersected near-surface oxide mineralization along the southern flank of the gold system, first drilled by Revival Gold in late 2018.

Highlights

  • 0.99 g/t Au over 60.5 meters1 including 2.42 g/t Au over 16.9 meters1 in AC19-19D
  • 0.88 g/t Au over 66.3 metersincluding 1.36 g/t Au over 18.0 meters1 in AC19-21D
  • 1.14 g/t Au over 30.9 meters1 including 1.74 g/t Au over 14.1 meters1 in AC19-23D
  • 0.49 g/t Au over 29.5 meters1including 0.87 g/t Au over 8.4 meters1in AC19-25D

1 Drilled width; true width estimated to be approximately equivalent to drilled width.

“Today’s results expand the area of oxide mineralization along the southern flank of the 400-meter-long gold target at Haidee first drilled by Revival Gold in late 2018” said Hugh Agro, President & CEO. “The system remains open.  Assays are pending for a further 15 core holes drilled at Haidee and Haidee West and Revival Gold is moving aggressively to complete an updated resource estimate for Beartrack-Arnett in the first quarter of next year.”

2019 Drilling Program

Revival Gold initiated its summer 2019 core drilling program at Beartrack with one rig in late May and added a second rig at Arnett in the Haidee area in early June.  Upon completion of drilling at Beartrack in July, the Beartrack rig was moved to Arnett to help complete drilling in the Haidee area. 

All planned drill holes in the current program at both Beartrack and Arnett are now complete.  A total of approximately 5,100 meters were drilled in 25 holes on budget and ahead of schedule.

The first three holes drilled this year confirmed the continuity and extension of the mineralized gold trend in the Joss area at Beartrack. Results were released on July 29th, 2019. The seven drill holes released today (AC19-18D through AC19-21D and AC19-23D through AC19-25D) successfully targeted an expansion of the area of oxide gold mineralization first drilled by Revival Gold in the Haidee area at Arnett in 2018.   

All seven drill holes intersected gold mineralization in moderately altered and/or faulted granite. An interpretation of local controls on mineralization and faulting in the Haidee area is underway. Summary assay results from drill holes released today are presented in the table below:


1 True width estimated to be approximately equivalent to drilled width.  Numbers may not add up due to rounding.

Recovery for the interval 125.9 meters to 127.5 meters was 46%.

Figure 1, Arnett Haidee Drill Results, is a plan map showing the location of the 24 core holes completed in the Haidee area at Arnett to-date. These include core holes drilled by Meridian Gold Inc. in 1997 (ACDD-1 through ACDD-11) and by Revival Gold in 2018 (AC18-12D through AC18-17D) and in 2019 (AC19-18D through AC19-21D and AC19-23D through AC19-25D).

A further 15 core holes have been drilled in the Haidee and Haidee West areas in connection with Revival Gold’s summer 2019 drill program. The approximate locations of these holes are also shown in Figure 1.  Assay results are pending.

Other Exploration and Development Activities

Revival Gold released key results from a 404 line-kilometer aeromagnetic geophysics survey and interpretation undertaken on Arnett and Beartrack on August 12, 2019.  The aeromagnetic data from Arnett was merged with historical aeromagnetic data from the Beartrack property to create a complete picture of the geology on Revival Gold’s Beartrack-Arnett land position.

The Company also recently completed a 12 square-kilometer soil sampling program on a 100 meter by 150-meter grid at Arnett. Geological mapping, geophysics and results from the soil sampling program will be used to further develop and refine both new and old drill targets.

A second phase of metallurgical test work on sulphide material from Beartrack has begun under the direction of the Company’s lead technical consultant, Roscoe Postle Associates Inc. (“RPA”).  Sample material is being composited and tested under RPA’s direction at SGS Canada Inc. in Vancouver, Canada.

The focus of this year’s metallurgical testing at Beartrack will be on optimizing flotation results while maintaining recovery.  The program will also further assess methods for recovering gold from flotation concentrate, including ultra-fine grinding and pressure oxidation.

Initial bottle roll testing of the mineralized material at Arnett will be undertaken later this year to validate historical metallurgical test results obtained in the 1990’s by Kappes Cassiday & Associates.

Complete results from Revival Gold’s 2019 metallurgical test programs are expected by the end of 2019.

In addition to the activities summarized above, Revival Gold and its consultant, RPA, are compiling and analysing 2018 and 2019 drill data to prepare for an update to the May 2018 Beartrack Mineral Resource Estimate. The updated resource estimate is expected to be completed in the first quarter of 2020 and will cover the combined Beartrack-Arnett project area.

QA/QC Program

Quality Assurance/Quality Control consists of the regular insertion of duplicates, blanks and certified reference materials into the sample stream.  Check samples will be submitted to an umpire laboratory at the end of the drilling program.  Sample results are analyzed immediately upon receipt and all discrepancies are investigated.  Samples are submitted to the ALS Global (“ALS”) sample preparation facility in Elko, Nevada.  Gold analyses are performed at the ALS laboratory in Reno, Nevada and multi-

element geochemical analyses are completed at the ALS laboratory in Vancouver, British Columbia.  ALS is an ISO 17025:2005 accredited lab.

Sample preparation for Beartrack consists of crushing the sample to 70% less than 2mm and pulverizing 250 grams to better than 85% passing 75 microns (PREP-31) while sample preparation for Arnett consists of crushing the sample to 70% less than 2mm and pulverizing 1,000 grams to better than 85% passing

75 microns (PREP-31B). Gold assays are determined by Fire Assay and AAS on a 30-gram nominal sample weight (Au-AA24).  For shallow holes targeting oxide mineralization, gold 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 selected drill holes using the ME-MS 61 method. 

Steven T. Priesmeyer, C.P.G., Vice-President Exploration, Revival Gold Inc., is the Company’s designated Qualified Person within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects and has reviewed and approved its scientific and technical content.

About Revival Gold Inc.

Revival Gold Inc. is a growth-focused gold exploration and development company. The Company has the right to acquire a 100% interest in Meridian Beartrack Co., owner of the former producing Beartrack Gold Project located in Lemhi County, Idaho. Revival Gold also owns rights to a 100% interest in the neighbouring Arnett Gold Project.

In addition to its interests in Beartrack and Arnett, the Company is pursuing other gold exploration and development opportunities and holds a 51% interest in the Diamond Mountain Phosphate Project located in Uintah County, Utah.

Revival Gold currently has approximately 52.5 million shares outstanding and had a working capital balance of approximately $3.7 million as at June 30th, 2019. Additional disclosure of the Company’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

For further information, please visit www.revival-gold.com or contact:
Hugh Agro, President & CEO or Adam Rochacewich, CFO
Telephone: (416) 366-4100
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 news release.

This News Release includes certain “forward-looking statements” which 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 information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s intentions regarding its objectives, goals or future plans and statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, 

failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Figure 1 – Arnett Haidee Area Drill Results (September 2019)

Airborne Geophysics Firms Up Arnett Gold Deposit Model

Toronto, ON – August 12th, 2019 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, announces highlights from the interpretation of a recently completed 404 line-kilometer airborne magnetic geophysics survey (“Survey”) of the Company’s Arnett Gold Project (“Arnett”) located in Lemhi County, Idaho. 

Highlights

  • The Survey was completed in June by Earth Scan Technologies Ltd. with MPX Geophysics Ltd.  Figure 1 (Beartrack-Arnett Airborne RTP Magnetic Compilation) depicts the reduced-to-pole (“RTP”) magnetic data and structural interpretation for both Beartrack and Arnett.
  • Several near-surface intrusions were identified at Arnett including one giving rise to a strong high-amplitude magnetic anomaly measuring approximately 2 kilometers in diameter and located below the Haidee area, where Revival Gold is currently drilling. Geophysical and geological information suggests the potential to extend exploration drilling to the north and southwest.
  • The presence of a deep-rooted relatively shallow (approximately 300 meters) intrusion beneath Haidee, combined with the geological and geochemical characteristics of known mineralization, supports Revival Gold’s deposit model of an intrusion-related gold system hosted by a wide-spaced stockwork at Arnett.
  • Several previously unrecognized northwest and northeast-trending faults cut the larger intrusive complex and correlate with areas of known mineralization at Arnett.  Further data analyses and a regional soil sampling program are underway to help prioritize future drill targets.   
  • A key objective of the geophysics program was to integrate historical data acquired from the neighbouring Beartrack Gold Project (“Beartrack”) with Arnett data and reprocess the full suite with contemporary algorithms and computing capabilities. The reprocessed data confirms that the Panther Creek Shear Zone, which hosts gold mineralization at Beartrack, is a deep-seated structure and that it intersects the north-south-trending Coiner fault in the Rabbit target area.  Future drilling is planned at Rabbit. The Coiner fault continues south and offers further potential.

“Arnett was last explored in the 1990’s, long before the advent of modern geophysical processing techniques and computing capabilities”, said Hugh Agro, President & CEO. “Revival Gold’s recent application of inversion algorithms and other modern geophysical processing techniques has significantly sharpened company’s understanding of, and enthusiasm for, the exploration potential at Beartrack-Arnett” he added.

Steven T. Priesmeyer, C.P.G., Vice-President Exploration, Revival Gold Inc., is the Company’s designated Qualified Person within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects and has reviewed and approved its scientific and technical content.

About Revival Gold Inc.

Revival Gold Inc. is a growth-focused gold exploration and development company. The Company has the right to acquire a 100% interest in Meridian Beartrack Co., owner of the former producing Beartrack Gold Project located in Lemhi County, Idaho. Revival Gold also owns rights to a 100% interest in the neighbouring Arnett Gold Project.

In addition to its interests in Beartrack and Arnett, the Company is pursuing other gold exploration and development opportunities and holds a 51% interest in the Diamond Mountain Phosphate Project located in Uintah County, Utah.

Revival Gold has approximately 51.5 million shares outstanding and had a working capital balance of approximately $3.7 million as at June 30th, 2019. Additional disclosure of the Company’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

For further information, please visit www.revival-gold.com or contact:

Hugh Agro, President & CEO or Adam Rochacewich, 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 news release.

This News Release includes certain “forward-looking statements” which 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 information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s intentions regarding its objectives, goals or future plans and statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, 

failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Figure 1 – Beartrack-Arnett Airborne RTP Magnetic Compilation (August 2019)

Revival Gold Intersects 2.35 g/t Au over 70 meters including 4.55 g/t Au over 21 meters at Beartrack

Toronto, ON – July 29th, 2019 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, announces results from the first three holes of it’s planned 2019 5,000-meter core drilling program at the former producing Beartrack Gold Project (“Beartrack”) and the adjacent Arnett Gold Project (“Arnett”) located in Lemhi County, Idaho. 

Highlights

    • 3.44 g/t Au over 13.8 meters1 including 5.04 g/t Au over 3.0 meters1 in BT19-223D
    • 2.35 g/t Au over 70.3 metersincluding 4.55 g/t Au over 21.0 meters1 in BT19-224D
    • 1.70 g/t Au over 66.3 meters1 including 4.24 g/t Au over 4.4 meters1 in BT19-225D

1 Drilled width; true width estimates are presented in the table below.

“Results from this year’s limited drilling in the Joss area at Beartrack verifies the presence and expands the scale of higher-grade mineralization in this location”, said Hugh Agro, President & CEO. “Revival Gold’s focus to-date has been on near-surface mineralization but the presence of higher-grade intercepts over 600 meters of strike within the Panther Creek Fault at Joss suggests underground potential as well.”

Details

Revival Gold initiated it’s 2019 core drilling program at Beartrack with one rig in late May and added a second rig at Arnett in early June. Drilling this year is intended to continue to build on the scale of the known gold system at Beartrack and to advance toward a preliminary resource estimate of leachable gold material at Arnett. An updated resource estimate for Beartrack-Arnett is expected in the first quarter of 2020.

The three drill holes released today (BT19-223D, BT19-224D and BT19-225D) targeted mineralization in the Joss area at Beartrack.  All three drill holes intersected good grades and confirmed the extension of gold mineralization at depth. Mineralization in the Joss area is not included in the current NI 43-101 Beartrack mineral resource estimate (“Mineral Resource”).

Summary assay results from drill holes released today are presented in the table below:

1 True width estimates based on a vertically dipping mineral zone. Drill holes typically steepen during drilling so the inclination of the drill hole at depth may not be the same as the inclination in the mineralized zone.
2 Recovery for the interval 353.1 meters to 353.2 meters was 33%.
3 Recovery for the interval 286.2 meters to 287.1 meters was 33%.

Figure 1 illustrates a plan view of the footprint of the current Mineral Resource with the location of holes drilled in 2018 and 2019, subsequent to completion of the Mineral Resource.

No further drilling is planned for Beartrack in 2019 as both rigs are currently at Arnett. Drilling will continue at Arnett until the Fall with all results expected to be released over the course of the next two quarters.

QA/QC Program

Quality Assurance/Quality Control consists of the regular insertion of duplicates, blanks and certified reference materials into the sample stream. Check samples will be submitted to an umpire laboratory at the end of the drilling program. Sample results are analyzed immediately upon receipt and all discrepancies are investigated. Samples are submitted to the ALS Minerals sample preparation facility in Elko, Nevada. Gold analyses are performed at the ALS Minerals laboratory in Reno, Nevada and multi-element geochemical analyses are completed at the ALS Minerals laboratory in Vancouver, British Columbia. ALS Minerals is an ISO 17025:2005 accredited lab.

Sample preparation for Beartrack consists of crushing the sample to 70% less than 2mm and pulverizing 250 grams to better than 85% passing 75 microns (PREP-31) while sample preparation for Arnett consists of crushing the sample to 70% less than 2mm and pulverizing 1,000 grams to better than 85% passing 75 microns (PREP-31B). Gold assays are determined by Fire Assay and AAS on a 30-gram nominal sample weight (Au-AA24). For shallow holes targeting leachable mineralization, gold 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 selected drill holes using the ME-MS 61 method.

Steven T. Priesmeyer, C.P.G., Vice-President Exploration, Revival Gold Inc., is the Company’s designated Qualified Person within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects and has reviewed and approved its scientific and technical content. 

About Revival Gold Inc.

Revival Gold Inc. is a growth-focused gold exploration and development company. The Company has the right to acquire a 100% interest in Meridian Beartrack Co., owner of the former producing Beartrack Gold Project located in Lemhi County, Idaho. Revival Gold also owns rights to a 100% interest in the neighbouring Arnett Gold Project.

In addition to its interests in Beartrack and Arnett, the Company is pursuing other gold exploration and development opportunities and holds a 51% interest in the Diamond Mountain Phosphate Project located in Uintah County, Utah.

Revival Gold has approximately 51.5 million shares outstanding and had a working capital balance of approximately $3.7 million as at June 30th, 2019. Additional disclosure of the Company’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

For further information, please visit www.revival-gold.com or contact:

Hugh Agro, President & CEO or Adam Rochacewich, 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 news release.

This News Release includes certain “forward-looking statements” which 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 information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s intentions regarding its objectives, goals or future plans and statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Figure 1 – Beartrack 2018 and 2019 Drill Results (Plan View, July 2019)

Revival Gold Mobilizes Second Rig And Commences Drilling At Arnett

Toronto, ON – July 2nd, 2019 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, announces mobilization of a second drill rig and the start of drilling at the Arnett Gold Project (“Arnett”) located in Lemhi County, Idaho.

“Arnett is an oxide gold exploration opportunity within close proximity of existing heap leach infrastructure at Beartrack”, said Hugh Agro, President & CEO. “Now permitted, with regional exploration work and drilling underway, Arnett is poised to be an important value catalyst for Revival Gold this year”.

Drilling Update

Revival Gold commenced drilling with one rig at the Beartrack Gold Project (“Beartrack”) on May 23rd. A second drill rig was mobilized to the neighbouring Arnett property and began drilling in the Haidee area on June 26th.

Three core holes have been completed in the Joss area at Beartrack for a total of 1,230 meters of drilling. The Beartrack rig will now be relocated to Arnett where an additional 4,000 meters of core drilling in 20-25 holes is planned in the Haidee area for this year.

Revival Gold’s 2019 exploration program is intended to continue to build on the scale of the known gold system at Beartrack and to advance toward a preliminary resource estimate of leachable gold material at Arnett, primarily in the Haidee area.  Initial drill results from Beartrack are expected by the end of July.  Initial results from Arnett will follow in August.

Beyond Haidee, several other gold exploration targets have been identified within the 2,380-hectare Arnett land package.  Key targets of interest include the Roman’s Trench area, which, along with the Haidee and Little Chief Extension area, lie in the northern contact zone of the Arnett stock, the Italian Mine, South Arnett-Twin Long Drops, Thompson-Hibbs, Shenon Gulch and the Porcupine areas, which occur within a broader 3-4 kilometer long trend near the southern contact of the Arnett stock.   All areas noted above have been subjected to limited, historical reverse circulation drilling and are targets for follow-up drilling.

Airborne Geophysics

Revival Gold recently completed an airborne magnetic survey at Arnett.  The survey totaled 404 line-kilometers and covered the entire Arnett land position.

The new magnetic data will be integrated with historic airborne magnetic data from Beartrack to provide complete coverage of the Company’s land position at both Beartrack and Arnett.  Magnetic data will aid in the interpretation of geology, particularly in covered areas, as well as with the potential selection of new drill targets.  Interpretation is underway and results are expected in August.

Metallurgical Testing

Revival Gold has initiated a second phase of metallurgical test work on sulphide material at Beartrack under the direction of the Company’s lead technical consultant, Roscoe Postle Associates Inc. Sample material has been selected and will be shipped to SGS Canada Inc. in Vancouver, Canada for testing.

The focus of this year’s metallurgical testing at Beartrack will be on optimizing flotation results while maintaining recovery. The program will also further assess methods for recovering gold from flotation concentrate, including ultra-fine grinding and pressure oxidation.

The focus of metallurgical testing at Arnett will be to validate historical metallurgical test results obtained in the 1990’s by Kappes Cassiday & Associates. The planned program will include a series of updated bottle roll tests.

Results from Revival Gold’s 2019 metallurgical test programs are expected in the fourth quarter of 2019.

Steven T. Priesmeyer, C.P.G., Vice-President Exploration, Revival Gold Inc., is the Company’s designated Qualified Person within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects and has reviewed and approved its scientific and technical content.

About Revival Gold Inc.

Revival Gold Inc. is a growth-focused gold exploration and development company. The Company has the right to acquire a 100% interest in Meridian Beartrack Co., owner of the former producing Beartrack Gold Project located in Lemhi County, Idaho. Revival Gold also owns rights to a 100% interest in the neighbouring Arnett Gold Project.

In addition to its interests in Beartrack and Arnett, the Company is pursuing other gold exploration and development opportunities and holds a 51% interest in the Diamond Mountain Phosphate Project located in Uintah County, Utah.

Revival Gold has approximately 51.5 million shares outstanding and had a working capital balance of approximately $3.7 million as at June 30th, 2019. Additional disclosure of the Company’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

For further information, please visit www.revival-gold.com or contact:

Hugh Agro, President & CEO or Adam Rochacewich, 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 news release.

This News Release includes certain “forward-looking statements” which 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 information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s intentions regarding its objectives, goals or future plans and statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to,

failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Revival Gold Approved To Drill At Arnett

Toronto, ON – June 17th, 2019 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, announces the approval of a Plan Of Operations (“POO”) by the United States Forrest Service (“USFS”) to drill the Arnett gold project (“Arnett”) located in Lemhi County, Idaho. The POO provides for drilling at 53 locations on several prospective target areas across Arnett. Revival Gold plans to commence approximately 4,000 meters of drilling at Arnett by the end of this month.

“Revival Gold is now fully permitted to follow up on last season’s encouraging near-surface oxide gold drill results in the Haidee target area and to drill test several other new targets areas at Arnett”, said Hugh Agro, President & CEO. “We acknowledge and appreciate the encouragement and cooperation of the USFS, Idaho State Government, county and municipal officials, and local citizens and businesses. As a responsible member of the Lemhi County business community and an employer of more than two dozen contractors and employees at Beartrack-Arnett, any success enjoyed by Revival Gold provides immediate benefits to the local economy”.

Revival Gold further reports that an additional three permit application processes are currently underway with the USFS in respect of potential drill sites to be located on the Company’s neighbouring Beartrack gold project (“Beartrack”). The Company is already permitted for drilling in the main areas of known mineralization at Beartrack and is pursuing the additional permits to test new targets areas located elsewhere within Revival Gold’s very large and prospective Beartrack land package. 

About Revival Gold Inc.

Revival Gold Inc. is a growth-focused gold exploration and development company. The Company has the right to acquire a 100% interest in Meridian Beartrack Co., owner of the former producing Beartrack Gold Project located in Lemhi County, Idaho. Revival Gold also owns rights to a 100% interest in the neighbouring Arnett Gold Project.

In addition to its interests in Beartrack and Arnett, the Company is pursuing other gold exploration and development opportunities and holds a 51% interest in the Diamond Mountain Phosphate Project located in Uintah County, Utah.

Revival Gold has approximately 50 million shares outstanding as at June 14th, 2019. Additional disclosure of the Company’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

For further information, please visit www.revival-gold.com or contact:

Hugh Agro, President & CEO or Andrea Totino, Investor Relations Manager
Telephone: (416) 366-4100
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 news release.

This News Release includes certain “forward-looking statements” which 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 information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s intentions regarding its objectives, goals or future plans and statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.