TSX.V: RVG

$

Diane R. Garrett Appointed Board Member and Chair

Toronto, ON – January 23, 2018 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth focused gold exploration and development company, announces the appointment of Diane R. Garrett, Ph.D. , as a member and Chair of the Company’s Board of Directors.

Dr. Garrett has over 20 years of experience in the mining industry and an exceptional track record for developing projects, building companies and creating considerable value for shareholders. Most recently, Dr. Garrett was President, Chief Executive Officer and Director of Romarco Minerals Inc. (“Romarco”), a Toronto Stock Exchange listed company which was acquired by OceanaGold Corp. (TSX, ASX, NZX: OGC) in 2015 for a final transaction value of over C$550 million. As CEO of Romarco, Dr. Garrett restructured the company and built and led the team that developed a world class mining project in the United States from exploration through to final feasibility, permitting and into construction.

Dr. Garrett has extensive experience in executive management and advanced academic credentials in the mining and petroleum industries, including a Masters degree in Mineral Economics and a Ph.D. in Engineering from the University of Texas at Austin. Dr. Garrett is currently the President and Chief Executive Officer of Nickel Creek Platinum Corp. (TSX: NCP) and a member of the Board of OceanaGold Corp.

Hugh Agro, President & CEO of Revival Gold, stated, “We are absolutely delighted to have Diane join the Company. Diane’s previous experience with brownfields development in the United States and building a growing new gold company is directly applicable to the future we envision for Revival Gold”.

The addition of Dr. Garrett to the Company’s Board of Directors and her appointment as Chair separates the roles of President & CEO and Chairman at Revival Gold, increases the number of the Company’s non-executive directors to five of six, and achieves the objective of strengthening the Board’s overall calibre, diversity and skill set.

Subject to regulatory approval, Revival Gold has granted 125,000 incentive stock options to Dr. Garrett pursuant to the Company’s Stock Option Plan. The options are exercisable at a price of $0.75 per share for a period of five years.

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 also owns rights to a 100% interest in the neighbouring Arnett Creek Gold Project.

In addition to its interests in Beartrack and Arnett Creek, 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.

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:

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”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. 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. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Revival Gold Trading on the OTCQB Venture Market as “RVLGF”

Toronto, ON – January 22, 2018 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, announces the cross-trading of the Company’s shares on the OTCQB Venture Market in the United States. Trading has commenced under the symbol OTCQB: RVLGF.

“Revival Gold enjoys an important U.S. following given the Company’s operating presence in the State of Idaho and broad appeal to U.S.-based junior gold investors”, said Hugh Agro, President & CEO. “Cross-trading Revival Gold on the OTCQB provides a trading platform for U.S. shareholders while enhancing distribution for our Canadian shareholders”.

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 also owns rights to a 100% interest in the neighbouring Arnett Creek Gold Project.

In addition to its interests in Beartrack and Arnett Creek, 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.

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:

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”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. 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. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Revival Gold Intersects 3.51 g/t Gold Over 67.5 Meters and 2.76 g/t Gold Over 51.9 Meters at Beartrack

Toronto, ON – January 18, 2018 – Revival Gold Inc. (TSXV: RVG) (“Revival Gold” or, the “Company”), a growth-focused gold exploration and development company, announces results from the final eight holes of the twelve-hole 2017 portion of the Company’s planned 11,000-meter core drilling program at the past producing Beartrack Gold Project (“Beartrack”) located in Lemhi County, Idaho.

Highlights

  • 1.73 g/t Au over 29.2 meters1 from 99.1 meters to 128.3 meters in BT17-200D
  • 3.51 g/t Au over 67.5 meters1 from 98.6 meters to 166.1 meters in BT17-201D
  • 1.99 g/t Au over 54.7 meters1 from 91.6 meters to 146.3 meters in BT17-203D
  • 2.76 g/t Au over 51.9 meters1 from 53.6 meters to 105.5 meters in BT17-205D

1 True width estimates are not yet known but are estimated to be approximately half of the drilled width.

“All eight holes released today intersected significant gold mineralization”, said Hugh Agro, President & CEO. “Revival Gold will now initiate work on an updated resource estimate for Beartrack”.

Details

Seven of the eight drill holes released today (BT17-200D through BT17-206D) targeted near-surface oxide and mixed oxide-sulphide mineralization in the Ward’s Gulch and South Pit areas. These holes were targeted specifically to confirm historic drilling completed by Meridian Beartrack Co. (“Meridian Beartrack”) in preparation for an updated NI-43-101 Mineral Resource estimate at Beartrack this year.

Summary assay results from near-surface holes released today are presented in the table below:

Hole NumberArea
 
Azimuth
(deg.)
Dip
(deg.)
From
(m)
To
(m)
Drilled Width1
(m)
Fire Assay Gold Grade
(g/t)
BT17-200DWard’s Gulch304-5118.357.939.61.50
99.1128.329.221.73
137.4143.05.61.06
BT17-201DWard’s Gulch302-6056.360.74.43.01
98.6166.167.53.51
Incl.113.7117.03.323.13
BT17-202DSouth Pit303-68101.8148.446.631.29
BT17-203DSouth Pit300-6491.6146.354.741.99
Incl.132.6144.612.044.15
BT17-204DSouth Pit303-4967.496.829.42.84
BT17-205DSouth Pit303-6953.6105.551.952.76
BT17-206DSouth Pit303-73152.9162.09.11.11
174.3186.512.21.66
Incl.184.4185.30.910.98
  1. True width estimates are not yet known but are estimated to be approximately half of the drilled width.
  2. Recoveries for the intervals 104.3 m to 105.3 m and 107.0 m to 107.6 m were 45% and 44% respectively
  3. Recoveries for the intervals 124.5 m to 125.6 m, 126.0 m to 126.5 m and 131.1 m to 131.7 m were 25%, 19% and 17% respectively.
  4. Recovery for the intervals 135.9 m to 136.6 m and 136.9 m to 137.5 m was 0%.  These intervals were included at 0 g/t Au.  Recovery for the intervals 139.0 m to 139.6 m and 143.1 m and 143.7 m was 40%.
  5. Recovery for the interval 57.0 m to 62.5 m was 35.6%.  Four intervals ranging in width from 0.1 m to 0.9 m were included at 0 g/t Au.

Revival Gold’s near-surface drill results at both Ward’s Gulch and the South Pit compare favorably with historic drilling completed by Meridian Beartrack in the 1990’s.  A more detailed comparison of 2017 drill results to historic results along with the preparation of an updated geological and resource model encompassing historic data as well as 13,737 meters of drilling completed in 2012, 2013 and 2017 is underway.

In addition to near surface drill holes, Revival Gold completed two deep drill holes in 2017 (BT17-194DB and BT17-199D) targeting high grade mineralization previously intercepted at depth by BT12-175D at Ward’s Gulch.  Neither of the deep holes drilled in 2017 replicated the high grades previously intersected by BT12-175D.

Results from BT17-194DB were announced by Revival Gold on December 11, 2017.  Results from deep drill hole BT17-199D are presented below:

Hole
Number
AreaAzimuth
(deg.)
Inclination
(deg.)
From
(m)
To
(m)
Drilled Width1
(m)
Fire Assay Gold Grade
(g/t)
BT17-199DWard’s Gulch302-59514.5530.115.61.35
536.6539.22.622.19
561.1567.86.71.42
  1. True width estimates are not yet known but are estimated to be approximately half of the drilled width.
  2. Recovery for the interval 536.6 m to 536.9 m was 30%.

Gold mineralization at Beartrack occurs along five kilometers of the Panther Creek Fault and high grades have been encountered in a number of deep holes along strike.  A reinterpretation of the geology integrating post-2012 drilling suggests that potential exists for additional high-grade along strike.  With that in mind, in addition to surface drilling, further deep drilling will be planned to continue testing for high-grade mineralization in the Ward’s Gulch area and in four other known mineralized areas at depth along the Panther Creek Fault.

2018 Exploration Program

Revival Gold’s technical team is currently finalizing details for the Company’s 2018 exploration program at Beartrack. The program is fully permitted and will include approximately 8,000 meters of core drilling.  At the same time, the Company is planning drill hole locations for 2019 so that a Plan of Operations can be submitted to the United States Forest Service (“USFS”) in the spring of 2018 for permit approval in time for the 2019 drilling season.

At Revival Gold’s neighbouring Arnett Creek Gold Project, a Plan of Operations has been submitted to the USFS. The Plan of Operations, when approved, will allow for the construction of up to 53 drill sites at Arnett Creek with approximately 2,000 meters of core drilling planned for late summer 2018.

The map below describes the location of holes drilled at Beartrack in 2017 and location of holes currently planned for drilling at Beartrack in 2018.

QA/QC Statement

Quality Assurance/Quality Control consists of the regular insertion of duplicates, blanks and certified reference standards into the sample stream.  Check samples will be submitted to a second laboratory once pulps have been returned to Revival from the primary laboratory.  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.

Gold assays are determined by Fire Assay and AAS on a 30-gram nominal sample weight (Au-AA25).  For shallow holes targeting oxide and mixed oxide-sulfide 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 deep drill holes using the ME-MS 61 method.

Steven T. Priesmeyer, B.Sc., M.Sc., C.P.G., Vice-President Exploration, Revival Gold Inc., is the Company’s designated Qualified Person for this news release 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 also owns rights to a 100% interest in the neighbouring Arnett Creek Gold Project.

In addition to its interests in Beartrack and Arnett Creek, 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.

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:

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”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. 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. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Revival Gold To Attend Investor Conferences

Toronto, ON. – January 17, 2018 – Revival Gold Inc. (TSXV: RVG) (“Revival” or, the “Company”), a growth-focused gold exploration and development company, announces that the Company will be participating in the following investor conferences this month:

  • Vancouver Resource Investment Conference to be held in Vancouver, BC. Exhibiting in Booth #1025, January 21-22, 2018 at the Vancouver Convention Centre West.
  • AME Roundup 2018 to be held in Vancouver, BC. January 22-25, 2018 at the Vancouver Convention Centre West.

If you are interested in scheduling a meeting at any of the above conferences, please contact Andrea Totino, Investor Relations Manager at info@revival-gold.com. Corporate presentation and fact sheet 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 Beartrack Gold Project located in Lemhi County, Idaho. Revival also owns rights to a 100% interest in the neighbouring Arnett Creek Gold Project.

In addition to its interests in Beartrack and Arnett Creek, 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.

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:

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”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. 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. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Revival Gold Intersects 1.94 g/t Gold Over 65.1 Meters Near Surface at Beartrack

Toronto, ON – December 12, 2017 – Revival Gold Inc. (TSXV: RVG) (“Revival” or the “Company”), a growth focused gold exploration and development company, announces results from the first four holes of the twelve-hole 2017 portion of the Company’s planned 11,000-meter core drilling program at the Beartrack Gold Project (“Beartrack”) located in Lemhi County, Idaho.

Highlights

  • 1.94 g/t Au over 65.1 meters1 from 74.2 meters to 139.3 meters in BT17-195D
  • 1.73 g/t Au over 60.4 meters1 from 78.3 meters to 138.7 meters in BT17-196D
  • 1.39 g/t Au over 37.1 meters1 from 144.5 meters to 181.7 meters in BT17-198D

1 True width varies but is estimated to be approximately half of the drilled width.

“Results from the first four of twelve holes drilled by Revival in 2017 substantiate our enthusiasm for the past producing Beartrack Gold Project”, said Hugh Agro, President & CEO. “We have only just begun to test the opportunity at Beartrack where mineralization has been identified along strike for five kilometers and is open to the southwest and at depth”.

Details

The 2017 portion of Revival’s Beartrack core drilling program was conducted from late September until mid-November and consisted of 3,024 meters of core drilling in twelve holes. Drilling was contracted to Idaho-based Timberline Drilling Inc. under the supervision of Revival’s exploration team.

Three of the four holes released today (BT17-195D, BT17-196D and BT17-198D) targeted near-surface oxide and mixed oxide-sulphide mineralization in the Ward’s Gulch area. These holes were drilled to confirm historic drilling completed by Meridian Beartrack Co. (“Meridian Beartrack”) and to lay the groundwork for the preparation of an updated mineral resource at Beartrack in 2018.

Summary assay results from near-surface holes released today are presented in the table below:


1 True width varies but is estimated to be approximately half of the drilled width.
2 Recovery for the interval 88.7 m to 93.6 m was 37.5%.
3 For the interval calculation, the value for the 76.3 g/t Au sample was cut to 7.3 g/t Au, the next highest value in the interval.
4 Recovery for the interval 80.6 m to 80.9 m was 0%.

A comparison of today’s announced near-surface drill results with historic drilling completed by Meridan Beartrack indicates that these holes broadly support historic results.  A more detailed comparison of 2017 drill results to historic results will be completed once all assays from the 2017 portion of the Beartrack core drilling program have been received.

In total, ten near-surface holes totaling 1,778 meters were completed in 2017 at Ward’s Gulch and the South Pit area.  Results are pending for two additional near-surface holes in the Ward’s Gulch area and five near-surface holes in the South Pit area.

The remaining drill hole of the four released today (BT17-194BD) was completed to a depth of 553.2 meters and targeted deep high-grade mineralization at Ward’s Gulch identified by Meridian Beartrack during their 2012 drill program (71.0 g/t Au over 9.75 meters drilled width in BT12-175D with estimated true width of 4.88 meters).
Summary assay results are presented below:

1 True width varies but is estimated to be approximately half of the drilled width.

Hole BT17-194BD intersected the targeted structure approximately 22 meters from BT12-175D and cut three intervals exceeding 4.0 g/t Au in grade but did not replicate the high grades encountered in hole BT12-175D.

It should be noted that, although core recovery was good throughout BT17-194BD, no core was recovered from 516.6 meters to 521.7 meters (5.1 meters).  This interval is within the Panther Creek Fault, which was the target zone for the Company’s drilling, along its western contact with the Yellowjacket Formation.

A second deep hole (BT17-199D) completed this year also targeted a short distance from the high-grade mineralization cut in BT12-175D. Based on preliminary results, BT-199D did not replicate the high grades previously observed.  Assay results from BT17-199D will be available pending resolution of a Quality Assurance/Quality Control issue at the laboratory.

Given the extent of mineralization within the Panther Creek Fault along five kilometers of strike on the Beartrack property, and that high grades have been encountered in several holes, follow-up drilling is planned to further test the high-grade mineralization encountered in the Ward’s Gulch area where hole BT12-175D is located.  In addition, four other mineralized areas remain to be tested at depth as historic deep drilling was wide-spaced or, in the case of the North Pit and Allen Creek, is non-existent.

All remaining results from the 2017 portion of the Beartrack core drilling program will be released in January 2018.

During the first quarter of 2018 Revival will initiate work on an updated geological model for Beartrack encompassing historic data as well as 13,737 meters of drilling completed in 2012, 2013 and 2017. The company will also assess and refine plans for the 2018 portion of drilling at Beartrack and begin permitting preparations for drilling at Beartrack in 2019. Future drilling at Beartrack is being planned for Ward’s Gulch, South Pit and Joss as well as at the Allen Creek target located at the north end of the property.

QA/QC Statement

Quality Assurance/Quality Control consists of the regular insertion of duplicates, blanks and certified reference standards into the sample stream.  Check samples will be submitted to a second laboratory once pulps have been returned to Revival from the primary laboratory.  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.

Gold assays are determined by Fire Assay and AAS on a 30-gram nominal sample weight (Au-AA25).  For shallow holes targeting oxide and mixed oxide-sulfide 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 deep drill holes using the ME-MS 61 method.

Steven T. Priesmeyer, B.Sc., M.Sc., C.P.G., Vice-President Exploration, Revival Gold Inc., is the Company’s designated Qualified Person for this news release 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 also owns rights to a 100% interest in the neighbouring Arnett Creek Gold Project.

In addition to its interests in Beartrack and Arnett Creek, 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.

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:

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”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. 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. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Revival Gold Announces AGM Results And New Appointments

Toronto, ON – December 4, 2017 – Revival Gold Inc. (TSXV: RVG) (“Revival” 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 29th, 2017 in Toronto.

A total of 20,227,896 common shares representing 49.6% of all 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 NomineesNumber of Favourable
Votes Cast
Percentage of Favourable
Votes Cast
Hugh Agro, B.Sc. (Mining), MBA, P.Eng.18,753,79692.8%
Don Birak, B.Sc., M.Sc. (Geology)20,216,796100%
Michael Mansfield, CA, CFA18,753,79692.8%
Carmelo Marrelli, B.Comm., CA, CPA, CGA18,753,79692.8%
Wayne Hubert, B.Sc. (Engineering), MBA20,216,796100%

Following the AGM, Revival appointed incumbent directors Hugh Agro, Don Birak, Michael Mansfield and Carmelo Marrelli as well as new director nominee, Wayne Hubert, to serve on the Company’s Board of Directors for the ensuing year.

Mr. Hubert has over twenty years of senior management experience in the mining sector. He was most recently CEO of Andean Resources from 2006 to 2010 when it was acquired by Goldcorp for $3.5 billion.  At Andean, Mr. Hubert led the team which increased resources to over five million ounces of gold and completed feasibility studies, financing and permitting prior to the takeover. Before his tenure at Andean, Mr. Hubert held senior management positions at Meridian Gold where he gained considerable experience in finance, exploration, project development, permitting and construction. Mr. Hubert is currently CEO and Director of InZinc Mining Ltd. and a Director of Austral Gold and Candeleria Mining. He has a Bachelor of Science degree in Chemical Engineering and an MBA.

Revival Gold further announces the appointment of Adam Rochacewich as VP, Chief Financial Officer and Corporate Secretary and of Phil C. Walford as a Strategic Advisor.

A Chartered Professional Accountant, Mr. Rochacewich has over 15 years of experience in financial accounting and reporting in the international resource sector. Mr. Rochacewich served as Chief Financial Officer for Strata Minerals Inc., the predecessor company to Revival Gold, and for Polar Star Mining Corporation, a TSX listed company focused on copper-gold exploration in Chile. While at Polar Star, Mr. Rochacewich led its graduation from the TSX.V to the TSX, and played a key role in the financing and management of Polar Star’s assets. He has been the Chief Financial Officer of Verena Minerals Inc., and held financial positions with Noranda/Falconbridge/Xstrata Plc and LionOre Mining International. He has a Bachelor of Commerce degree from Queen’s University, and obtained his CPA, CA designation at Ernst & Young LLP in Toronto.

Phillip C. Walford is an accomplished exploration geologist and the President and CEO of Marathon Gold Corporation. Previously, Mr. Walford served as the President and Chief Executive Officer of Marathon PGM Corporation. Mr. Walford has held senior management positions at Pamour Porcupine Mines Ltd., Lac Minerals Ltd., Geomaque Explorations Ltd., and Hudson Bay Exploration and Development. Mr. Walford has extensive international experience in gold and base metal deposits having worked in all areas of geology from field exploration, through reserve definition to exploitation.

Subject to regulatory approval, Revival Gold has granted 805,000 incentive stock options to directors, officers and consultants of the Company. Pursuant to the Company’s Stock Option Plan, the options are exercisable at a price of $0.85 per share for a period of five years.

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 also owns rights to a 100% interest in the neighbouring Arnett Creek Gold Project.

In addition to its interests in Beartrack and Arnett Creek, 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.

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: 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”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. 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. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Revival Gold Completes 2017 Drilling At Beartrack And Announces Encouraging Rock Sample Results At Arnett Creek

Toronto, ON – November 13, 2017 – Revival Gold Inc. (TSXV: RVG) (“Revival” or, the “Company”) announces the completion of the Company’s 2017 core drilling program at the Beartrack Gold Project (“Beartrack”) located in Lemhi County, Idaho. The Company further announces encouraging rock sample results from its 2017 field program at the adjoining Arnett Creek Gold Project (“Arnett Creek”).

“In less than six months Revival has permitted and successfully completed 3,024 meters of core drilling at Beartrack”, said Hugh Agro, President and CEO. “We expect to announce initial assay results from the 2017 Beartrack core drilling program before year-end and are encouraged by today’s release of rock sample results at Arnett Creek”.

Beartrack 2017 Drilling Program

Revival completed the 2017 portion of the Company’s planned 11,000-meter core drilling program at Beartrack on November 12th.  The 2017 portion of the program commenced on September 23rd and consisted of 3,024 meters of core drilling in twelve holes in the Ward’s Gulch and South Pit areas.

Two deep holes, totaling 1,247 meters, were completed in the Ward’s Gulch area.  These holes targeted deep mineralization identified by Meridian Beartrack Co. (“Meridian Beartrack”) during their 2012 and 2013 drilling program.  The focus was around diamond drill hole BT12-175D, which intersected 71.0 g/t Au over 9.75 meters drilled width (estimated true width of 4.88 meters).

A second drill rig targeted shallower oxide and mixed oxide-sulphide mineralization in the Ward’s Gulch and South Pit areas.  Five shallow holes totaling 986 meters were completed in the Ward’s Gulch area and five shallow holes totaling 791 meters were completed in the South Pit area.

Shallow drilling in these two areas is intended to confirm historic drilling completed by Meridian Beartrack and lay the groundwork for additional drilling in 2018.  Ward’s Gulch is located between the North and Mason-Dixon pits, both of which were mined by Meridian Beartrack in the 1990’s when the price of gold was below US$300 per ounce.

Initial assay results from the 2017 Beartrack core drilling program are expected before year end with the balance of assay results expected to be released in the first quarter of 2018.

Arnett Creek 2017 Field Program

During the 2017 field season, Revival prospected and collected 107 rock samples from Arnett Creek.  Samples were generally taken selectively rather than in a representative fashion in order to gain an understanding of mineralization outside the known historic resource on the property.

Samples were selected from dumps, float and very sparse outcrop and submitted to the ALS Minerals sample preparation facility in Elko, Nevada.  Gold analyses were performed by ALS Minerals in their Reno, Nevada laboratory and multi-element geochemistry analyses were performed and the ALS Minerals laboratory in Vancouver, British Columbia.

Assay results were received for all 107 samples.  Gold values ranged from below detection limit to 91.1 g/t Au.  Thirty-seven samples yielded gold values greater than 1.00 g/t Au.

In addition to gaining an understanding of mineralization on the property, the sampling program was intended to prospect ground staked by Revival in August 2017.  Areas of interest identified, or validated, at Arnett Creek during the 2017 field program are the Roman’s Trench area, near the northern contact of the Arnett Creek stock, and the Italian Mine, Twin Long Drops, Thompson-Hibbs, Shenon Gulch and the Porcupine areas, which occur over approximately 2.5 kilometers of strike near the southern contact of the Arnett Creek stock.

All of the areas noted above have been subjected to limited, historic reverse circulation drilling, but only partial results are available today.  Soil sampling and core drilling are planned to follow-up the 2017 field program.

A map of Arnett Creek describing the location of samples is provided below and available on the Company’s website.

Arnett Creek 2017 Surface Sample Results Map

Arnett Creek Plan of Operations
In furtherance of Revival’s exploration plans at Arnett Creek, on October 31st, the Company submitted a Plan of Operations (“POO”) to the United States Forest Service in Salmon, Idaho.  The POO includes an application to permit drill pad locations sufficient for two field seasons of drilling at several prospects on Arnett Creek.  The primary focus of planned drilling will be confirmation of the known historic resource at the Little Chief Extension with a secondary focus on several of the other targets sampled during the 2017 field program.  Approval of the POO is anticipated in 2018.

Steven T. Priesmeyer, B.Sc., M.Sc., C.P.G., Vice-President Exploration, Revival Gold Inc., is the Company’s designated Qualified Person for this news release 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 Beartrack Gold Project located in Lemhi County, Idaho. Revival also owns rights to a 100% interest in the neighbouring Arnett Creek Gold Project.

In addition to its interests in Beartrack and Arnett Creek, 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.

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 Andrea Totino, Investor Relations Manager, Revival Gold Inc., 145 King St. W., Suite 2870, Toronto, Ontario, M5H 1J8, 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”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. 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. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Revival Gold to Attend Investor Conferences

Toronto, ON. – November 1, 2017 – Revival Gold Inc. (TSXV: RVG) (the “Company”) announces that Hugh Agro, President & CEO, will be participating at the following investor conferences this quarter:

  • International Precious Metals & Commodities Show to be held in Munich, Germany. Exhibiting in Booth #7 from November 2-3, 2017 at The Münchner MVG Museum.
  • Precious Metals Summit Zurich to be held in Zurich, Switzerland. Presenting on Wednesday November 8, 2017 at 12:00pm in Room 1 at the Park Hyatt Zurich.
  • Precious Metals Summit London to be held in London, U.K. at The Churchill on November 9, 2017.
  • The Silver & Gold Summit 2017 (Cambridge House International) to be held in San Francisco, U.S.A. Exhibiting in Booth #505 from November 20-21, 2017 at The Hilton Union Square.

If you are interested in scheduling a meeting at any of the above conferences, please contact Andrea Totino, Investor Relations Manager at info@revival-gold.com. Corporate presentation and fact sheet 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 Beartrack Gold Project located in Lemhi County, Idaho. Revival also owns rights to a 100% interest in the neighbouring Arnett Creek Gold Project.

In addition to its interests in Beartrack and Arnett Creek, 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.

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 Andrea Totino, Investor Relations Manager, Revival Gold Inc., 145 King St. W., Suite 2870, Toronto, Ontario, M5H 1J8, 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”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. 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. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Revival Gold Closes $9 Million Private Placement and Announces Strategic Relationship with Orion Mine Finance

Toronto, ON. – October 19, 2017 – Further to Revival Gold Inc.’s (TSXV:RVG) (“Revival” or the “Company”) press releases dated September 7, 2017 and October 2, 2017, the Company announces today the closing of its private placement financing (the “Private Placement”). The Private Placement consisted of the sale of 15,033,900 units of the Company (“Units”) at a price of $0.60 per Unit for the gross proceeds of $9,020,340. Each Unit consists of one common share of the Company (a “Share”) and one half of a share purchase warrant (each a “Warrant”). Each whole Warrant is exercisable into one Share at a price of $0.90 per Share for 24 months following the closing of the Private Placement.

The Company intends to use the proceeds of the Private Placement to fund exploration activities at the former producing Beartrack Gold Project located in Lemhi County, Idaho.

In connection with the Private Placement, Revival also announces the formation of a strategic relationship (the “Strategic Relationship”) with Orion Mine Finance (“Orion”), and the purchase by Orion of 4,167,000 Units of the Private Placement. Under the terms of the Strategic Relationship, Orion and Revival have agreed to collaborate and enter into good faith negotiations on Revival’s future funding requirements, including acquisition and development financing, equal to or greater than US$25 million.

“Revival is now fully funded to complete 13,000 meters of planned core drilling this season and next at Beartrack and Arnett Creek”, said Hugh Agro, President & CEO. “Results from an initial 3,000 meters of drilling currently underway at Beartrack are expected by the end of January with the objectives being to begin the assessment of near surface oxide potential and to follow-up on prior high-grade drill intercepts at depth”. Mr. Agro went on to say, “The high quality group of incoming new institutional shareholders, and Revival’s Strategic Relationship with Orion in particular, builds on the Company’s strong foundation for future growth”.

A portion of the Private Placement was completed by Medalist Capital Ltd. and PI Financial Corp. (collectively the “Agents”) on a brokered basis. A commission was paid to the Agents which included the cash payment of $132,541 and the issuance to the Agents of 220,902 agent’s warrants exercisable into Shares at $0.60 per Share for a period of 24 months following the closing of the Private Placement.

Additionally, the Company paid a commission on a non-brokered portion of the Private Placement to a finder. The commission paid to the finder consisted of a cash payment of $166,212 and the issuance to the finder of 277,020 finder’s warrants exercisable into Shares at $0.60 per share for a period of 24 months following closing of the Private Placement.

In connection with the Private Placement, Hugh Agro, President, Chief Executive Officer and a Director of the Company, Michael Mansfield, a Director of the Company, and Steven T. Priesmeyer, Vice President, Exploration of the Company (collectively “Insiders”) have acquired 253,334 Units in the aggregate. This issuance of Units to Insiders is considered a “related party transaction” as such term is defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under MI 61-101 on the basis that participation in the Offering by Insiders does not exceed 25% of the fair market value of the Company’s market capitalization.

Strategic Relationship

Orion’s subscription of Units in Revival provides that, until December 31, 2019, in the event of: (i) a proposed acquisition of a new project or entity by the Company; or (ii) the development of any existing project of the Company, and such acquisition or development has a value equal to or greater than US$25 million (a “Subject Transaction”), the parties will enter into good faith negotiations over a 15-day exclusive period regarding the terms of financing for the Subject Transaction (the “Orion Acquisition or Development Financing”). Any such Orion Acquisition or Development Financing will consist of a mix of debt, equity, or metal streaming, with the specific allocation and terms to be determined at the time of negotiation of such financing, subject to the intended use of funds and to agreement by the parties.

Early Warning Reports

As part of the Private Placement, Orion has acquired, through Orion Mine Finance II LP, a limited partnership managed by Orion Mine Finance Management II Limited, 4,167,000 Units at a price of $0.60 per Unit for an aggregate purchase price of $2,500,200, making its holdings in the Company 6,250,500 Shares (assuming the exercise in full of the Warrants) or approximately 14.6% of the total issued and outstanding Shares on the partially diluted basis. Prior to the Private Placement Orion held no securities of the Company.

Mr. Hugh Agro, President, CEO and a director of the Company is an insider of the Company as the term is defined by in applicable Canadian securities legislation. Immediately prior to the Private Placement, Mr. Agro directly or indirectly held 2,742,726 or approximately 12.3% of the then issued and outstanding Shares. As part of the Private Placement, Mr. Agro acquired
150,000 Units. Following the completion of the Private Placement, Mr. Agro holds 3,454,477 Shares (assuming the exercise in full of all convertible securities beneficially held by Mr. Agro, including the Warrants) or approximately 8.4% of the total number of issued and outstanding Shares, on a partially diluted basis.

The Units were acquired by Orion and Mr. Agro for investment purposes, and depending on market and other conditions, Orion and Mr. Agro may from time to time in the future increase or decrease their respective ownerships, control or direction over securities of the Company through market transactions, private agreements, or otherwise. For the purposes of this notice, the address of Orion is 1211 Avenue of the Americas, Suite 3000, New York, NY 10036, USA and the address of Mr. Agro is 145 King St. W – Suite 2870 Toronto, Ontario, M5H 1J8.

In satisfaction of the requirements of the National Instrument 62-104 –Take-Over Bids And Issuer Bids and National Instrument 62-103 –The Early Warning System and Related Take-Over Bid a nd Insider Reporting Issues, early warning reports respecting the acquisition of Units by Orion and by Mr. Agro will be filed under the Company’s SEDAR Profile at www.sedar.com. A copy of the early warning report regarding Orion’s acquisition can be obtained by contacting Rick Gashler at 212-596-3497 and a copy of the early warning report regarding Mr. Agro’s acquisition can be obtained by contacting the Company.

Revival currently has 40,761,735 Shares outstanding. The securities issued pursuant to the Private Placement are subject to a four month and one-day statutory hold period.

Steven T. Priesmeyer, B.Sc., M.Sc., C.P.G., Vice-President Exploration, Revival Gold Inc., is the Company’s designated Qualified Person for this news release 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 Beartrack Gold Project located in Lemhi County, Idaho. Revival also owns rights to a 100% interest in the neighbouring Arnett Creek Gold Project.

In addition to its interests in Beartrack and Arnett Creek, 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.

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 Andrea Totino, Investor Relations Manager, Revival Gold Inc., 145 King St. W., Suite 2870, Toronto, Ontario, M5H 1J8, telephone (416) 366-4100 or email info@revival-gold.com.

About Orion Mine Finance

Orion Mine Finance is a mining-focused investment business specializing in providing flexible capital investment solutions to mining companies in the base and precious metals sectors. Orion has demonstrated capability in debt, equity, convertibles, offtake, streaming and royalty investments. In addition, the Orion team has experience in the physical metals markets, such as facilitating the purchase, metal financing, transporting, processing and selling of a mines output to end customers. For further information, please visit www.orionminefinance.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”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. 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. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Revival Gold Receives Approval for Agreement on Former Beartrack Mine Property in Idaho and Initiates Drilling Program

Toronto, ON. – October 2, 2017 – Further to Revival Gold Inc.’s (TSXV: RVG) (“Revival” or the “Company”) press release dated September 7, 2017, the Company announces TSX Venture Exchange approval for Revival’s earn-in and related stock purchase agreement (the “Agreement”) with Meridian Gold Company (“Meridian”), a subsidiary of Yamana Gold Inc., by which Revival may acquire a 100% interest in Meridian Beartrack Co. (“Meridian Beartrack”), owner of the Beartrack Gold Project (“Beartrack” or, the “Project”) located in Lemhi County, Idaho. Pursuant to the Agreement, Revival paid US$250,000 and issued 1,000,000 common shares of the Company to Meridian. As a result, the Agreement has become effective and the Company’s earn-in obligations have commenced. Further details regarding the Agreement are provided in the September 7, 2017 press release.

Exploration Underway

Revival is pleased to advise that it has obtained all necessary approvals to start drilling at Beartrack. The firsts of two drill rigs has been mobilized to the Project and Revival has initiated the 2017 portion of the Company’s planned 11,000-meter drill program. The 2017 portion of the program will consist of 3,000 meters of core drilling.

Two rigs will be required in order to complete the 2017 portion of the Beartrack program by early November when winter conditions make drilling costlier. The first rig will target deep mineralization in the Ward’s Gulch area identified by Meridian Beartrack during their 2012 and 2013 drilling program. The focus in 2017 will be around diamond drill hole BT12-175D, which intersected 71.0 g/t Au over 9.75 meters drilled width (estimated true width of 4.88 meters). Two holes, totalling approximately 1,100 meters, are planned to intersect this mineralization at slightly shallower depths. Although the intersection encountered in BT12-175D is approximately 480 meters vertically below the surface, mineralization is oxidized.

The second rig will target shallower oxide and mixed oxide-sulphide mineralization in the Ward’s Gulch and South Pit areas. Approximately 1,900 meters of diamond drilling will confirm historic drilling completed by Meridian Beartrack and lay the groundwork for additional drilling in 2018. Ward’s Gulch is located between the North and Mason-Dixon pits, both of which were mined by Meridian Beartrack.

At Revival’s Arnett Creek Project, located six kilometers west of Beartrack, field work is in progress. To date, ninety-two rock chip samples have been collected and submitted to ALS Minerals for geochemical analysis. Results are pending. The focus of this initial stage of exploration is to better understand mineralization at several known exploration targets on the Property and to prospect the claims staked by Revival in July of 2017.

Known targets have received varying amounts of historic exploration ranging from rock or soil sampling to reverse circulation drilling. Current geologic mapping and rock chip sampling will be integrated with historic data, drill sites chosen and a plan of operations submitted to permit drilling in 2018.

Financing Update

Revival’s previously announced Brokered and Non-Brokered Financings for gross proceeds of up to C$9.6 million are now expected to close in mid-October, 2017. Proceeds of the financing will be used to fund approximately 11,000 meters of core drilling, geological analysis, metallurgical testing and project management over the next two field seasons at Beartrack. 

Beartrack Technical Report Filed

In conjunction with the approval of the Agreement by the TSX Venture Exchange, Revival has filed a technical report entitled, “Beartrack Property – Lemhi County, Idaho, United States Technical Report” dated August 31, 2017 (the “Report”), on the Company’s SEDAR profile at www.sedar.com and on Company’s website at www.revival-gold.com. The Report was prepared by Resource Evaluation Inc. and authored by Donald F. Earnest, P.Geol., a consultant to the Company and an independent Qualified Person under National Instrument 43-101.

Steven T. Priesmeyer, B.Sc., M.Sc., C.P.G., Vice-President Exploration, Revival Gold Inc., is the Company’s designated Qualified Person for this news release 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 Beartrack Gold Project located in Lemhi County, Idaho. Revival also owns rights to a 100% interest in the neighbouring Arnett Creek Gold Project.

In addition to its interests in Beartrack and Arnett Creek, 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.

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 Andrea Totino, Investor Relations Manager at (416) 366-4100 or 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”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. 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. Actual results relating to, among other things, the ability to complete the brokered and non-brokered financings, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: the inability to complete the brokered and non-brokered financings on the terms as announced or at all; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.