kai erfle - Revival Gold

Revival Gold Announces Closing Of $6.2 Million Brokered Private Placement

kai erfle on May 16, 2023

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Toronto, ON – May 16th, 2023 – Revival Gold Inc. (TSXV: RVG) (“Revival Gold” or the “Company”), is pleased to announce the successful completion of its previously announced brokered private placement for gross proceeds of C$6,159,998.00 (the “Offering”). The Offering was led by Beacon Securities Limited and Paradigm Capital Inc. (the “Agents”) as co-lead agents and joint bookrunners.

Under the Offering, the Company sold 11,846,150 units (the “Units”) at a price of C$0.52 per Unit. Each Unit consisted of one common share of the Company (each, a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to acquire one Common Share (a “Warrant Share”) at an exercise price of C$0.72 per Warrant Share at any time on or before May 16th, 2026.

The Company intends to use the net proceeds of the Offering to fund on-going exploration and development at the Company’s core Beartrack-Arnett Gold Project (“Beartrack-Arnett”) located in Lemhi County, Idaho and for general corporate and working capital purposes, as further described in the Company’s offering document under the Listed Issuer Financing Exemption dated May 8th, 2023.

“Without unduly diluting shareholders or burdening the Company with streams, royalties or convertible debentures, Revival Gold has, in a difficult market, secured the financing necessary to advance Beartrack-Arnett through completion of an updated Mineral Resource, a PFS on the first stage restart of heap leach operations and the current field season of exploration”, said Hugh Agro, President & CEO. “I look forward to providing further updates on our progress in the months ahead”, Agro added.

The Units were sold to purchasers pursuant to the listed issuer financing exemption (the “Listed Issuer Financing Exemption”) under Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”). The Common Shares and Warrants underlying the Units are freely tradeable and are not subject to a hold period pursuant to applicable Canadian securities laws.

In consideration for their services in connection with the Offering, the Agents received (i) a cash commission of $318,275.88; (ii) a corporate finance fee of $51,000; (iii) 612,069 non-transferable compensation options (the “Agent’s Compensation Options”); and (iv) 98,700 non-transferable corporate finance compensation options (the “Corporate Finance Compensation Options” and together with the Agent’s Compensation Options, the “Compensation Options”). Each Compensation Option entitles the holder to purchase one Common Share at a price of C$0.52 at any time on or before May 16th, 2026.

Certain insiders of the Company, namely Hugh Agro and Maura Lendon (together, the “Insiders”) subscribed to the Offering for an aggregate of 45,000 Units. This issuance of Units to the Insiders constitutes 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 an exemption from the formal valuation and minority shareholder approval requirements provided under MI 61-101 pursuant to section 5.5(a) and section 5.7(1)(a) of MI 61-101, on the basis that the participation in the Offering by Insiders does not exceed 25% of the fair market value of the Company’s market capitalization. The Units issued to the Insiders will be subject to a hold period of four months in accordance with the policies of the TSX Venture Exchange (the “TSXV”). The Offering remains subject to the final approval of the TSXV.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be offered or sold to, or for the account or benefit of, persons in the “United States” or “U.S. persons” (as such terms are defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and all applicable state securities laws or compliance with an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Revival Gold

Revival Gold is a growth-focused gold exploration and development company. The Company is advancing the Beartrack-Arnett Gold Project located in Idaho, USA.

Beartrack-Arnett is the largest past-producing gold mine in Idaho. Engineering work has been initiated on a Preliminary Feasibility Study (“PFS”) for the potential restart of heap leach operations. Meanwhile, exploration continues, focused on expanding the 2022 Indicated Mineral Resource of 65.0 million tonnes at 1.01 g/t gold containing 2.11 million ounces of gold and Inferred Mineral Resource of 46.2 million tonnes at 1.31 g/t gold containing 1.94 million ounces of gold (see Revival Gold NI-43-101 Technical Report by Wood plc dated July 13th, 2022, for further details). The mineralized trend at Beartrack extends for over five kilometers and is open on strike and at depth. Mineralization at Arnett is open in all directions.

Revival Gold has 103.7 million shares outstanding and a cash balance of approximately C$6.0 million as of May 16th, 2023. All figures in this news release are in metric units and in $US unless stated otherwise. Additional disclosure including the Company’s financial statements, technical 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 contact:

Hugh Agro, President & CEO or Melisa Armand, Investor Relations
Telephone: (416) 366-4100 or Email: info@revival-gold.com

Cautionary Statement

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

This news release includes certain “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of U.S. securities legislation (collectively “forward-looking statements”. Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward looking statements in this news release include, but are not limited to; the use of proceeds from the Offering as currently anticipated by the Company; statements relating to advancing Beartrack-Arnett through completion of an updated Mineral Resource, a PFS on the first stage restart of heap leach operations and the current field season of exploration, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans; timing of the commencement of operations; and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking statements 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, an inability to raise additional funding, the manner the Company uses its cash or the proceeds of an offering of the Company’s securities, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, 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 statements 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 statements, whether as a result of new information, future events or otherwise, other than as required by law.

Revival Gold Announces Brokered Private Placement

kai erfle on May 8, 2023

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Toronto, ON – May 8, 2023 – Revival Gold Inc. (TSXV: RVG) (“Revival Gold” or the “Company“), is pleased to announce that it has entered into an agreement with Beacon Securities Limited and Paradigm Capital Inc. (the “Agents“) to act as co-lead agents and joint bookrunners in connection with a “best efforts” private placement of a minimum of 9,616,000 units of the Company (the “Units“) at a price of C$0.52 per Unit (the “Issue Price“) for minimum gross proceeds to the Company of approximately C$5 million and a maximum of up to 11,846,153 Units for maximum gross proceeds of up to C$6.16 million (the “Offering“), representing the maximum amount that may be issued under Part 5A (the “Listed Issuer Financing Exemption“) of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106“).

Each Unit will be comprised of one common share of the Company (each, a “Common Share“) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant“). Each Warrant will entitle the holder thereof to acquire one Common Share (a “Warrant Share“) at an exercise price of C$0.72 per Warrant Share at any time for a period of thirty-six (36) months following the closing of the Offering.

“We are pleased to be working with Beacon and Paradigm to secure the next leg of financing to advance exploration and development at Revival Gold’s Beartrack-Arnett located in Idaho, USA”, said Hugh Agro, President & CEO. “The Company is on track for mid-year to deliver an updated Mineral Resource estimate and a Preliminary Feasibility Study on the Beartrack-Arnett first phase restart of heap leach operations. Beartrack-Arnett is the largest past producing gold project in Idaho. The deposits at Beartrack-Arnett are open, benefit from extensive existing infrastructure, and represent one of few independently controlled large gold development opportunities located in the United States”, added Agro.

The Offering is schedule to close on or about May 16, 2023 and is subject to certain conditions, including but not limited to, the receipt of all necessary approvals including the conditional approval of the TSX Venture Exchange.

Subject to compliance with applicable regulatory requirements and in accordance with NI 45-106, the Units will be offered for sale to purchasers resident in Canada, except Quebec, and other qualifying jurisdictions, pursuant to the Listed Issuer Financing Exemption. Since the Offering is being completed pursuant to the Listed Issuer Financing Exemption, the securities issued in the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws.

There is an offering document related to the Offering that can be accessed under the Company’s profile at www.sedar.com and on the Company’s website at www.revival-gold.com. Prospective investors should read this offering document before making an investment decision.

As consideration for their services, the Agents will receive a cash commission of 6.0% of the gross proceeds of the Offering and compensation options (the “Compensation Options“) in an amount equal to 6.0% of the number of Units sold pursuant to the Offering. Each Compensation Option will be exercisable to purchase one common share of the Company at the Issue Price for a period of thirty-six (36) months from the closing date of the Offering.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act“), and may not be offered or sold to, or for the account or benefit of, persons in the “United States” or “U.S. persons” (as such terms are defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and all applicable state securities laws or compliance with an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Revival Gold Inc.

Revival Gold Inc. is a growth-focused gold exploration and development company. The Company is advancing the Beartrack-Arnett Gold Project located in Idaho, USA.

Revival Gold has approximately 91.9 million shares outstanding and a cash balance of approximately C$1.0 million as of March 31st, 2023. All figures in this news release are in metric units and in $US unless stated otherwise. Additional disclosure including the Company’s financial statements, technical 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 contact:

Hugh Agro, President & CEO or Melisa Armand, Investor Relations
Telephone: (416) 366-4100 or Email: info@revival-gold.com

Cautionary Statement

This news release includes certain “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of U.S. securities legislation (collectively “forward-looking statements“. Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward looking statements in this news release and risk factors that may affect such statements includes, but is not limited to, risk factors relating to the timely receipt of all regulatory and third party approvals for the Offering, including that of the TSX Venture Exchange, that the Offering may not close within the timeframe anticipated or at all or may not close on the terms and conditions currently anticipated by the Company for a number of reasons including, without limitation, as a result of the occurrence of a material adverse change, disaster, change of law or other failure to satisfy the conditions to closing of the Offering; the inability of the Company to apply the use of proceeds from the Offering as anticipated; the size of the Offering, the resale restrictions of the securities issued pursuant to the Offering, the issuance of the Units pursuant to the Listed Issuer Financing Exemption, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking statements 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, an inability to raise additional funding, the manner the Company uses its cash or the proceeds of an offering of the Company’s securities, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, 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 statements 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 statements, whether as a result of new information, future events or otherwise, other than as required by law.

Revival Gold Provides Update on Beartrack-Arnett Prefeasibility Study

kai erfle on February 27, 2023

Toronto, ON – February 27^th, 2023 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”), is pleased to provide an update on the Company’s first phase heap leach restart Prefeasibility Study (“PFS”) underway on the Beartrack-Arnett Gold Project (“Beartrack-Arnett” or the “Project”) located in Lemhi County, Idaho, USA.

The PFS is being led by industry leaders Kappes Cassiday & Associates (“KCA”) and Independent Mining Consultants Inc. (“IMC”). The PFS remains on track for completion by mid-2023. Key developments are as follows:

IMC has developed draft updated heap leach mineral resource models and mine plans for both the main deposit (Beartrack) and the satellite deposit (Haidee) at Beartrack-Arnett that incorporate 2022 drilling results. These items are under review; however, the draft leach resource models and mine plans are in-line with Revival Gold’s objective to see average production in the PFS at 65,000 to 70,000 ounces gold per year over a 7 to 9 year mine life;
Mill resource models that include the high-grade Joss area will be updated once the leach models are complete. Undated resource models for both heap leach and mill material will be incorporated into a new Mineral Resource estimate for Beartrack-Arnett, which will be released with the PFS;
KCA and IMC have completed trade-off studies to optimize heap leach mine sequencing, waste rock management, cell layouts and sequencing, haul road alignments, and crusher locations. These studies were key to moving forward with earthworks calculations, water balance modeling, bid package preparation, and drawing package development;
PFS drawing packages are progressing on schedule and include process flowsheets (100% complete), piping & instrumentation diagrams (100% complete), general arrangement drawings (75% complete), overall site layout drawings (65% complete), electrical drawings (15% complete), and leach pad details & stacking plans (10% complete);
Idaho Power Company (“IPCo”) has completed a power study to assess upgrades required to the existing 69 kV service to site to support the PFS. The IPCo upgrades include substation and other electrical system infrastructure improvements to increase the reliability and availability of power to the Project;
An assessment of existing site facilities and infrastructure has been completed and all required plant and mobile equipment requirements have been determined. KCA has developed eleven bid packages in support of cost estimating for the PFS, and quotes are actively being received, reviewed, and incorporated into a draft PFS financial model;
Process and sitewide water balance models have been developed and are being updated iteratively with the overall PFS designs. Meteorological modeling was completed in early 2023 to support the PFS water balance models; and,
Synthetic Precipitation Leaching Procedure geochemical testing on representative Haidee waste rock samples was completed in February 2023. These results will be compared with Acid Base Accounting testing completed in 2022 to develop predictions for operational and post-operational geochemical behavior of Haidee waste rock in support of the PFS closure plan.

“We are encouraged by the progress KCA and IMC are making on the PFS for the first phase re-start of gold production at Beartrack-Arnett. Under the direction of Revival Gold’s VP, Engineering & Development, John Meyer, the PFS and updated Mineral Resource estimate remains on track for delivery by mid-2023. Meanwhile, Revival Gold’s exploration team, led by VP, Exploration, Steve Priesmeyer, is continuing to advance preparations for this summer’s field season. Key target areas for 2023 in support of Revival Gold’s first phase re-start plans include open pit oxide resource expansion opportunities at Haidee and other new open pit oxide targets across the western side of Beartrack-Arnett,” said Hugh Agro, President and CEO.

Qualified Persons

John P.W. Meyer, P.Eng., Vice President Engineering and Development 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 is advancing the Beartrack-Arnett Gold Project located in Idaho, USA.

Revival Gold has approximately 91.9 million shares outstanding and a cash balance of C$3.2 million as of December 31^st, 2022. All figures in this news release are in metric units and in $US unless stated otherwise. Additional disclosure including the Company’s financial statements, technical 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 contact:

Hugh Agro, President & CEO or Melisa Armand, Investor Relations
Telephone: (416) 366-4100 or Email: info@revival-gold.com

Cautionary Statement

This news release includes certain “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of U.S. securities legislation (collectively “forward-looking statements”. Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward looking statements in this news release includes, but is not limited to, the size of the Financing, the completion, terms and expected closing date of the Financing, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking statements 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, an inability to raise additional funding, the manner the Company uses its cash or the proceeds of an offering of the Company’s securities, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, 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 statements 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 statements, whether as a result of new information, future events or otherwise, other than as required by law.

Revival Gold Intersects 1.5 g/t Gold Over 15.8 Meters and 1.07 g/t Gold Over 18.0 Meters in Near-Surface Oxides at Haidee

kai erfle on January 30, 2023

Toronto, ON – January 30^th, 2023 Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”), is pleased to announce results from the final six of eighteen core holes drilled in the Haidee deposit area during the Company’s 2022 exploration program at the Beartrack-Arnett Gold Project (“Beartrack-Arnett”) located in Idaho, USA. Each of the six holes released today intersected above cut-off grade, near-surface oxidized gold mineralization.

Highlights

1.51 g/t gold over 15.8 meters¹ in AC22-086D
1.07 g/t gold over 18.0 meters¹ and 0.45 g/t gold over 13.2 meters¹ in AC22-089D
0.70 g/t gold over 27.1 meters¹ in AC22-099D
0.42 g/t gold over 19.9 meters¹ in AC22-093D¹ True width is estimated to be greater than 70% of drilled width.

The 2022 drilling program at Haidee was designed to upgrade and expand the deposit’s current heap leachable Inferred Mineral Resource. A total of 18 holes were completed for approximately 2,900 meters. Results released today from the final six holes of the 2022 drilling program include a couple of high-grade gold intercepts at a tenor not typically encountered in oxidized mineralization at Haidee. These results point to the possibility for continued expansion of the deposit to the south-west in potentially higher-grade material with a lower strip ratio.

“We’ve wrapped up the 2022 Haidee infill and expansion drill program with gold mineralization intersected directly from surface and intriguing high-grade results in the south-west quadrant of the deposit”, said Hugh Agro, President and CEO. “These results bode well for the updated Mineral Resource for Haidee and the successful completion of this year’s Pre-Feasibility Study on the first phase re-start of heap leach operations at Beartrack-Arnett. The gold deposit at Haidee benefits from very favourable metallurgical recoveries, the presence of little or no deleterious elements, a shallow depth of mineralization and advantageous topography. Any future enhancement to grade at Haidee will therefore have a compounding impact on potential economics”.

Details:

Detailed results for drill holes released today are presented in the table below:

Hole Number	Area	Azimuth (deg.)	Dip (deg.)	From (m)	To (m)	Drilled Width¹ (m)	Fire Assay Gold Grade (g/t)
AC22-086D²	Haidee	63	-62	16.7	21.3	4.5	1.82
Incl.				20.0	21.3	1.3	5.85
				28.0	32.0	4.0	1.03
				44.0	59.8	15.8	1.51
Incl.				44.0	45.4	1.4	7.83
Incl.				48.6	50.0	1.3	7.57
				80.5	83.5	3.0	1.96
				94.1	128.6	34.6	0.39
AC22-089D³	Haidee	65	-59	20.0	33.2	13.2	0.45
				60.4	78.3	18.0	1.07
				150.7	154.7	4.1	0.90
AC22-093D	Haidee	67	-61	9.9	14.7	4.8	0.89
				20.7	23.4	2.7	0.30
				79.8	99.7	19.9	0.42
				125.1	128.4	3.4	0.70
				134.5	137.5	3.0	1.63
AC22-094D⁴	Haidee	64	-60	7.0	11.3	4.3	0.80
				21.0	31.2	10.2	5.42
Incl.				23.8	29.2	5.4	9.62
Incl.				23.8	25.5	1.7	19.39
Incl.				28.3	29.2	0.8	12.60
				76.7	79.9	3.2	0.78
				101.5	107.3	5.8	0.87
				117.7	127.2	9.5	1.22
Incl.				117.7	119.3	1.6	4.25
				132.0	135.0	3.0	0.53
AC22-096D	Haidee	65	-60	11.8	20.7	8.9	0.94
				65.4	68.0	2.6	0.38
				81.5	101.3	19.8	0.44
AC22-099D⁵	Haidee	63	-65	0.0	27.1	27.1	0.70
Incl.				17.6	19.2	1.6	5.23
				47.9	50.1	2.3	0.69
				77.8	83.1	5.3	0.85
				111.9	114.0	2.1	2.75
				142.8	154.5	11.7	0.40

¹ True width is estimated to be greater than 70% of drilled width (see footnote 4 below). Numbers may not add up due to rounding.
² AC22-086D: Recovery for the intervals 49.4 m – 22.9 m was 40% and 54.0 m – 54.7 m was 35%.
³ AC22-089D: Recoveries for the intervals 22.4 m – 22.9 was 33%; 23.5 m – 26.0 m was 18%; 29.4 m – 30.1 m: 38%; 72.5 m – 74.1 m: 0% and 75.0 – 76.7 m: 29% m – 74.1 m was 0%. The intervals 23.5 m – 26.0 m and 72.5 m – 74.1 m were included in the grade calculation at 0 g/t gold.
⁴ AC22-094D: Mineralization in the interval 23.8 m – 29.5 m is nearly parallel to the core axis. True width is estimated to be less than 30% for this interval.
⁵ AC22-099D: Recovery for the interval 11.6 m – 11.97 m was 0%. This interval was included in the grade calculation as 0 g/t Au.

Figure 1 is a plan view of the Haidee deposit area with results to-date from the 2022 drill program.

Figure 1: Haidee Deposit Plan View

Figure 2 depicts an updated cross-section through the Haidee deposit.

Figure 2: Haidee Deposit Cross-Section 65-18

QA/QC Program

Quality Assurance/Quality Control consists of the regular insertion of certified reference materials, duplicate samples, and blanks into the sample stream. Check samples are 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 Geochemistry sample preparation facility in Twin Falls, Idaho. Gold analyses are performed at the ALS Geochemistry laboratory in Reno, Nevada or Vancouver, British Columbia, and multi-element geochemical analyses are completed at the ALS Minerals laboratory in Vancouver, British Columbia. ALS Minerals is an ISO/IEC 17025:2017 accredited lab.

Gold assays are determined on samples consisting of half drill core by fire assay and AAS on a 30-gram nominal sample weight (Au-AA23) for Beartrack, and Fire Assay and AAS on a 50-gram nominal sample weight (Au-AA24) for Arnett. For shallow holes, targeting leachable mineralization, gold content is also determined by cyanide leach with an AAS finish on a nominal 30-gram sample weight (Au-AA13). Multi element geochemical analyses are completed on selected drill holes using the ME-MS 61M method.

Qualified Person

Steven T. Priesmeyer, 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 is advancing the Beartrack-Arnett Gold Project located in Idaho, USA.

Revival Gold has approximately 91.9 million shares outstanding and an estimated cash balance of C$3 million as of December 31^st, 2022. All figures in this news release are in metric units and in $US unless stated otherwise. Additional disclosure including the Company’s financial statements, technical 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 contact:

Hugh Agro, President & CEO or Melisa Armand, Investor Relations
Telephone: (416) 366-4100 or Email: info@revival-gold.com

Cautionary Statement

This news release includes certain “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of U.S. securities legislation (collectively “forward-looking statements”. Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward looking statements in this news release includes, but is not limited to, the size of the Financing, the completion, terms and expected closing date of the Financing, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking statements 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, an inability to raise additional funding, the manner the Company uses its cash or the proceeds of an offering of the Company’s securities, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, 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 statements 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 statements, whether as a result of new information, future events or otherwise, other than as required by law.

Revival Gold Intersects 1.12 g/t Gold Over 18 Meters And 0.81 g/t Gold Over 30.1 Meters In Near-Surface Oxides At Haidee

kai erfle on January 9, 2023

Toronto, ON – January 9th, 2023 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”), is pleased to announce results from the first twelve of eighteen core holes drilled in the Haidee deposit area during the Company’s 2022 exploration program at the Beartrack-Arnett Gold Project (“Beartrack-Arnett”) located in Idaho, USA. Each of the twelve holes released today intersected above cut-off grade, near-surface oxidized gold mineralization.

Highlights

1.12 g/t gold over 18.0 meters¹ and 0.36 g/t gold over 32.8 meters¹ in AC22-097D
0.81 g/t gold over 30.1 meters¹ and 0.53 g/t gold over 16.9 meters¹ in AC22-100D
0.76 g/t gold over 19.8 meters¹ in AC22-092D
0.53 g/t gold over 35.8 meters¹, 0.53 g/t gold over 29.3 meters¹ and 0.40 g/t gold over 14.7 meters¹ in AC22-095D

¹ True width is estimated to be 70% – 90% of drilled width.

The 2022 drilling program at Haidee was designed to upgrade and expand the deposit’s current Inferred heap leachable Mineral Resource. A total of 18 holes were completed for approximately 2,900 meters. Results to-date from the 2022 drilling program are consistent with those from previous drilling. They will help support this year’s Preliminary Feasibility Study (“PFS”) on the first phase re-start of heap leach operations at Beartrack-Arnett and they further validate the potential for future up-dip and down-dip additions to the current Mineral Resource. Results for the remaining six core holes from the 2022 program at Haidee are expected by the end of January.

“Today’s results build on Revival Gold’s prior exploration success in the Haidee deposit area with each hole having intersected above cut-off grade gold mineralization in oxide material, all within 150 meters of surface. The results have increased our confidence in the integrity of the Haidee deposit ahead of this year’s PFS on the first phase re-start of heap leach operations at Beartrack-Arnett and they point to the potential for further expansion, both up-dip and down-dip of the current Mineral Resource”, said Hugh Agro, President and CEO.

Details:

Detailed results for drill holes released today are presented in the table below:

Hole Number	Area	Azimuth (deg.)	Dip (deg.)	From (m)	To (m)	Drilled Width¹(m)	Fire Assay Gold Grade (g/t)
AC22-085D²	Haidee	65	-61	7.7	16.8	9.0	0.56
				78.6	84.8	6.1	1.39
				120.1	130.0	9.9	0.94
				150.3	153.8	3.6	0.86
AC22-087D	Haidee	66	-61	57.2	60.4	3.2	0.89
				78.2	86.5	8.3	0.32
				135.9	140.3	4.4	1.44
AC22-088D	Haidee	67	-46	9.7	12.5	2.8	0.46
				43.0	45.5	2.5	0.85
				56.2	60.8	4.6	0.85
				73.3	76.8	3.5	0.63
				100.4	101.3	0.9	7.45
AC22-090	Haidee	65	-59	12.2	18.9	6.7	0.50
				31.3	35.5	4.2	0.55
AC22-091D³	Haidee	69	-81	55.8	62.9	7.1	0.95
				131.3	136.9	5.7	0.29
AC22-092D	Haidee	64	-60	28.9	33.5	4.6	0.31
				61.6	81.4	19.8	0.76
Incl.				61.6	62.8	1.2	8.88
				119.7	122.7	3.0	0.45
				152.4	154.7	2.3	0.57
				173.8	176.1	2.3	0.52
AC22-095D⁴	Haidee	72	-65	4.8	40.5	35.8	0.53
				57.3	86.6	29.3	0.53
				102.8	117.4	14.7	0.40
				159.9	163.0	3.2	2.62
AC22-097D	Haidee	64	-60	2.8	20.7	18.0	1.12
Incl.				2.8	4.8	2.1	3.19
Incl.				13.7	16.5	2.7	2.87
				40.0	72.8	32.8	0.36
AC22-098D	Haidee	65	-62	3.7	28.3	24.7	0.30
				55.2	67.5	12.3	0.26
AC22-100D⁵	Haidee	66	-60	1.6	31.7	30.1	0.81
				43.9	50.2	6.2	1.01
				61.0	67.7	6.7	0.46
				89.5	106.4	16.9	0.53
				158.6	165.2	6.6	2.87
Incl.				158.6	161.4	2.7	6.38
AC22-101D	Haidee	65	-60	34.4	41.6	7.2	0.35
				111.9	113.4	1.5	3.95
AC22-102D	Haidee	64	-60	19.2	29.6	10.4	0.32
				39.6	52.9	13.3	0.31
				129.7	135.0	5.3	0.80

¹ True width is estimated to be 70% – 90% of drilled width. Numbers may not add up due to rounding.
² AC22-085D: Recovery for the interval 14.4 m – 15.4 m was 42%
³ AC22-091D: Recovery for the interval 132.6 m – 134.1 m was 6%. This interval was included in the grade and thickness calculation at 0 g/t gold.
⁴ AC22-095D: Recovery for the interval 26.8 m – 27.5 m was 48%.
⁵ AC22-100D: Recovery for the interval 48.7 m – 49.7 m was 25%.

Figure 1 is a plan view of the Haidee deposit area with results to-date from the 2022 drill program.

Figure 1: Haidee Deposit Area Drill Program Results (January 2023)

QA/QC Program

Qualified Person

About Revival Gold Inc.

Revival Gold Inc. is a growth-focused gold exploration and development company. The Company is advancing the Beartrack-Arnett Gold Project located in Idaho, USA.

Revival Gold has approximately 91.9 million shares outstanding and an estimated cash balance of C$3 million as of December 31st, 2022. All figures in this news release are in metric units and in $US unless stated otherwise. Additional disclosure including the Company’s financial statements, technical 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 contact:

Hugh Agro, President & CEO or Melisa Armand, Investor Relations
Telephone: (416) 366-4100 or Email: info@revival-gold.com

Cautionary Statement

This news release includes certain “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of U.S. securities legislation (collectively “forward-looking statements”. Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward looking statements in this news release includes, but is not limited to, the size of the Financing, the completion, terms and expected closing date of the Financing, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking statements 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, an inability to raise additional funding, the manner the Company uses its cash or the proceeds of an offering of the Company’s securities, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, 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 statements 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 statements, whether as a result of new information, future events or otherwise, other than as required by law.

Revival Gold 2022 Year in Review

kai erfle on December 30, 2022

Toronto, ON – December 30^th, 2022 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) is pleased to provide a summary of the Company’s key accomplishments in 2022 to advance the Beartrack-Arnett Gold Project (“Beartrack-Arnett”) located in Idaho, USA.

Highlights

Beartrack-Arnett Indicated Mineral Resources increased to 65.0 million tonnes at 1.01 g/t gold containing 2.11 million ounces of gold¹, up 56% over the 2020 Indicated Mineral Resource², and Inferred Mineral Resources increased to 46.2 million tonnes at 1.31 g/t gold containing 1.94 million ounces of gold¹, up 19% over the 2020 Inferred Mineral Resource²
On the main Beartrack-Arnett trend of mineralization, four core drill holes were completed for 2,600 meters of drilling. Follow-up drilling at Joss continued to demonstrate the high-grade underground potential of this target area with intercepts such as 11.4 meters grading 10.1 g/t gold within 115.4 meters grading 3.5 g/t gold^3,4. Joss now extends over a strike of one kilometer and has been drilled to a depth of over 500 metres. The twenty core holes that have intersected Joss mineralization to-date average 7.7 g/t gold over 5.5 metres drilled width within a broader zone of 2.8 g/t gold over 45.5 meters drilled width^3,4;
High grade results were also obtained at the nearby South Pit zone with 7.92 g/t gold over 2.9 meters and 2.02 g/t gold over 47.41 meters^3,5 approximately 175 meters below the south end of the South Pit area. Together, Joss and South Pit present approximately two kilometers of strike within 5.6 kilometers of known mineralized trend at Beartrack-Arnett;
At the Haidee target area, eighteen infill and expansion core holes were completed for 2,900 meters of drilling in the near surface, oxide material from this satellite deposit. Assay results are expected in January;
Kappes, Cassiday & Associates and Independent Mining Consultants Inc. were appointed as principal consultants to prepare a Preliminary Feasibility Study (“PFS”) on the potential first phase restart of heap leach operations at Beartrack-Arnett. Metallurgical and geotechnical study work was wrapped up during the fourth quarter advancing the PFS to 70% completion by year end and putting it on track for delivery mid-2023;
An expanded and extended exploration drilling permit was granted for Beartrack-Arnett during the year and KC Harvey Environmental, LLC advanced environmental baseline data collection and preparations for the potential re-permitting of the heap leach operations;
The Company received an aggregate of C$13 million in equity funding and welcomed Donald Smith Value Fund, LP as a significant new shareholder; and,
We continued to build team competence and capabilities with the addition of Tim Warman, P.Geo, to the Company’s Board of Directors.
Revival Gold maintained an exemplary safety record with zero lost-time incidents among Company employees and contractors.

¹See Revival Gold NI-43-101 Technical Report by Wood plc dated July 13th, 2022, for further details.
²See Revival Gold’s November 17^th, 2020, press release and NI 43-101 technical report titled, “Preliminary Economic Assessment of the Heap Leach Operation on the Beartrack Arnett Gold Project, Lemhi County, Idaho, USA – NI 43-101 Technical Report”, dated December 17th, 2020.
³Drilled width; true width estimated to be 30-60% of drilled width.
⁴See Revival Gold press releases dated December 2^nd, 2021, September 12^th, 2022, and September 22^nd, 2022, for details.
⁵See Revival Gold press release dated November 17th, 2022, for details.

“2022 has been a difficult year for the junior gold exploration and development sector, with volatile commodity prices and challenging market conditions. Nevertheless, Revival Gold was able to successfully equity fund its business, safely and responsibly execute on all key exploration and development plans, and add significant value to its Beartrack-Arnett Gold Project. After increasing mineral resources in the first half, drilling in the Joss target area later in the year took the limelight, returning long intercepts with high grades as we continued to step out and extend the dimensions of the deposit,” said President & CEO Hugh Agro.

“On the corporate front, we consolidated the Arnett land position, bolstered our institutional investor base, and augmented our Board with additional expertise in U.S. exploration, development, and heap leach operations. This progress has not been lost on the market with the Company’s shares showing strong outperformance over the past twelve months relative to our peers. With the price of gold strengthening into the new year and further drill results and a PFS at Beartrack-Arnett to come, 2023 is shaping up to be another catalytic year for Revival Gold,” added Agro.

QA/QC Program

Qualified Persons

Steven T. Priesmeyer, C.P.G., Vice President Exploration, and John P. W. Meyer, P.Eng., Vice President, Engineering & Development Revival Gold Inc., are the Company’s designated Qualified Persons 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 is advancing the Beartrack-Arnett Gold Project located in Idaho, USA.

Revival Gold has approximately 91.9 million shares outstanding and a cash balance of C$3.4 million as of September 30th, 2022. All figures in this news release are in metric units and in $US unless stated otherwise. Additional disclosure including the Company’s financial statements, technical 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 contact:

Hugh Agro, President & CEO or Melisa Armand, Investor Relations
Telephone: (416) 366-4100 or Email: info@revival-gold.com

Cautionary Statement

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

This news release includes certain “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of U.S. securities legislation (collectively “forward-looking statements”. Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward looking statements in this news release includes, but is not limited to, the size of the Financing, the completion, terms and expected closing date of the Financing, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking statements 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, an inability to raise additional funding, the manner the Company uses its cash or the proceeds of an offering of the Company’s securities, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, 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 statements 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 statements, whether as a result of new information, future events or otherwise, other than as required by law.

Revival Gold Closes Non-Brokered Private Placement

kai erfle on December 29, 2022

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Toronto, ON – December 29^th, 2022 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”), is pleased to announce that it has closed its previously announced non-brokered private placement of 5,000,000 units of the Company (the “Units”) at a price of $0.60 per Unit for aggregate gross proceeds of $3,000,000 (the “Offering”). Each Unit is comprised of one (1) common share of the Company (a “Common Share”) and one half of one (0.5) Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant is exercisable into one (1) Common Share (a “Warrant Share”) at a price of $0.80 per Warrant Share at any time for a period of twenty-four (24) months from the closing of the Offering.

The net proceeds of the Offering will be used to fund on-going exploration and development at the Company’s core Beartrack-Arnett Gold Project (“Beartrack-Arnett”) located in Lemhi County, Idaho and for general corporate purposes.

In connection with the closing of the Offering, the Company paid commissions to certain finders of an aggregate of $28,368 in cash and 47,280 finder warrants (the “Finder Warrants”). Each Finder Warrant entitles the holder thereof to purchase one (1) Common Share (a “Finder Warrant Share”) at an exercise price of $0.60 per Finder Warrant Share for a period of twenty-four (24) months from the closing of the Offering.

The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all required regulatory approvals including the approval of the TSX Venture Exchange (“TSXV”). All securities issued and issuable in connection with the Offering are subject to a hold period of four months plus one day. All dollar amounts including the symbol “$”, are expressed in Canadian dollars.

Certain insiders of the Company, namely Hugh Agro, Robert Chausse, Wayne Hubert and Michael Mansfield (collectively, the “Insiders”) subscribed to the Offering for 230,666 Units in the aggregate. This issuance of Units to the Insiders constitutes 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 an exemption from the formal valuation and minority shareholder approval requirements provided under MI 61-101 pursuant to section 5.5(a) and section 5.7(1)(a) of MI 61-101, on the basis that the participation in the Offering by Insiders does not exceed 25% of the fair market value of the Company’s market capitalization.

The securities offered pursuant to the Offering 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 U.S. state security laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with requirements of an applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Revival Gold Inc.

Revival Gold Inc. is a growth-focused gold exploration and development company. The Company is advancing the Beartrack-Arnett Gold Project located in Idaho, USA.

Revival Gold has approximately 91.9 million shares currently outstanding and a cash balance of C$3.4 million as of September 30th, 2022. All figures in this news release are in metric units. Additional disclosure including the Company’s financial statements, technical 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 contact:

Hugh Agro, President & CEO or Melisa Armand, Investor Relations

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

Cautionary Statement

This news release includes certain “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of U.S. securities legislation (collectively “forward-looking statements”. Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward looking statements in this news release includes, but is not limited to, the size of the Offering, the completion, terms and closing of the Offering, the use of proceeds of the Offering, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking statements 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, an inability to raise additional funding, the manner the Company uses its cash or the proceeds of an offering of the Company’s securities, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, 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 statements 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 statements, whether as a result of new information, future events or otherwise, other than as required by law.

Revival Gold Announces Non-Brokered Private Placement Financing

kai erfle on December 15, 2022

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Toronto, ON – December 15^th, 2022 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) “Revival Gold” or the “Company”), is pleased to announce its intention to complete a non-brokered private placement of up to 5,000,000 units of the Company (the “Units”) at a price of C$0.60 per Unit (the “Issue Price”) for gross proceeds of up to C$3,000,000 (the “Financing”). Each Unit will be comprised of one (1) common share of the Company (a “Common Share”) and one half of one (0.5) Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to acquire one (1) Common Share (a “Warrant Share”) at an exercise price of C$0.80 per Warrant Share at any time for a period of twenty-four (24) months following the closing of the Financing.

“With this financing, Revival Gold is taking the opportunity to top up the Company’s year end cash balance ahead of what is expected to be a very busy 2023”, said Hugh Agro, President & CEO.

The Company reserves the right to increase the size of the Financing by up to 25% of the size of the Financing (the “Upsize Option”) pursuant to which the Company may offer for sale up to an additional 1,250,000 Units at the Issue Price. The Upsize Option may be exercised in whole or in part in the Company’s sole discretion at any time up to the closing of the Financing. If the Financing is fully subscribed and the Upsize Option is exercised in full, the total gross proceeds of the Financing is expected to be approximately C$3,750,000. Closing is expected on or about December 28^th, 2022.

The Company may pay finders fees to eligible finders in connection with the Financing in accordance with the policies of the TSX Venture Exchange (the “Exchange”). The net proceeds of the Financing will be used to fund on-going exploration and development at the Company’s core Beartrack-Arnett Gold Project (“Beartrack-Arnett”) located in Lemhi County, Idaho and for general corporate purposes. The Financing is subject to the receipt of all required regulatory approvals including the approval of the Exchange. All securities to be issued and issuable pursuant to the Financing will be subject to a hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Revival Gold Inc.

Revival Gold Inc. is a growth-focused gold exploration and development company. The Company is advancing the Beartrack-Arnett Gold Project located in Idaho, USA.

Revival Gold has approximately 86.9 million shares outstanding and a cash balance of C$3.4 million as of September 30th, 2022. All figures in this news release are in metric units and in $US unless stated otherwise. Additional disclosure including the Company’s financial statements, technical 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 contact:

Hugh Agro, President & CEO or Melisa Armand, Investor Relations
Telephone: (416) 366-4100 or Email: info@revival-gold.com

Cautionary Statement

This news release includes certain “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of U.S. securities legislation (collectively “forward-looking statements”. Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward looking statements in this news release includes, but is not limited to, the size of the Financing, the completion, terms and expected closing date of the Financing, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking statements 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, an inability to raise additional funding, the manner the Company uses its cash or the proceeds of an offering of the Company’s securities, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, 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 statements 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 statements, whether as a result of new information, future events or otherwise, other than as required by law.

Revival Gold Builds on 2022 Drill Results at Beartrack-Arnett

kai erfle on December 14, 2022

Toronto, ON – December 14^th, 2022 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) builds on the Company’s 2022 drilling results with the announcement of remaining drill results in the Joss and South Pit target areas at the Beartrack-Arnett Gold Project (“Beartrack-Arnett” or, the “Project”) located in Idaho, USA.

Highlights:

Four core holes were completed in 2022 in the Joss and South Pit areas over approximately 1.2 kilometers of prospective structure known as the Panther Creek Shear;
The first three holes, BT22-241D and BT22-242D at Joss (released in September) and BT22-243D at South Pit (released in November), intersected high-grade gold proximal to the post-mineralization Panther Creek Fault (“PCF”);
The fourth core hole, BT22-244D released today, drilled between Joss and the South Pit, intersected 0.58 g/t gold over 6.4 meters¹. The hole appears to have penetrated the PCF in the vicinity of an intersecting cross-fault;
The mineralization encountered in BT22-244D was intersected on the west side of the PCF and is thought to be associated with South Pit mineralization. Joss mineralization occurs on the east side of the PCF. Only weakly anomalous gold values were encountered east of the PCF in hole BT22-244D. It appears that Joss mineralization has been removed, or displaced, by post-mineral faulting in the vicinity of this hole;
Revival Gold’s 2022 drilling supports the Company’s interpretation that higher-grade mineralization within the mineralized Panther Creek Shear occurs in broad, southerly plunging “shoots”. Mineralization is known to extend for at least 5.6 kilometers along strike of the PCF and is open in all directions.
Joss extends over a strike of 1,000 meters and has been drilled to a depth of over 500 meters. The twenty core holes that have intersected Joss to-date average 7.7 g/t gold over 5.5 meters drilled width within a broader zone of 2.8 g/t gold over 45.5 meters drilled width¹. See Revival Gold press releases dated December 2^nd, 2021, September 12^th, 2022, and September 22^nd, 2022, for details; and,
Assay results for the eighteen additional core drill holes completed in 2022 in the Haidee oxide target area are expected in January. Review of all 2022 drill hole data will continue into early 2023.

¹Drilled width; true widths are estimated to be 30% to 60% of drilled width.

“We’ve moved the geological model for gold mineralization at Beartrack-Arnett into sharper focus with this year’s drilling. Results point to Beartrack-Arnett hosting broad “shoots” of higher-grade mineralization that plunge steeply to the south”, said Hugh Agro, President & CEO. “Follow-up drilling will focus on extending the potential width and depth of the shoots at both Joss and the South Pit and on discovering new high-grade shoots elsewhere on the project”, Agro added.

Details:

Complete results for the four core holes drilled in the Joss and South Pit areas in 2022 are below:

¹ True width estimated to be approximately 30% to 60% of drilled width. Numbers may not add up due to rounding.
² See Revival Gold press release dated September 12, 2022.
³ The interval 591.0 m to 591.7 m had 0% recovery and was included in the interval calculation as 0.7 m at 0 g/t gold.
⁴ See Revival Gold press release dated September 22, 2022.
⁵ See Revival Gold press release dated November 17, 2022.

Figure 1: Joss Grade-Thickness Long Section (December 2022)

QA/QC Program

Qualified Person

About Revival Gold Inc.

Revival Gold Inc. is a growth-focused gold exploration and development company. The Company is advancing the Beartrack-Arnett Gold Project located in Idaho, USA.

Beartrack-Arnett is the largest past-producing gold mine in Idaho. Engineering work has been initiated on a Preliminary Feasibility Study (“PFS”) for the potential restart of heap leach operations. Meanwhile, exploration continues, focused on expanding the 2022 Indicated Mineral Resource of 65.0 million tonnes at 1.01 g/t gold containing 2.11 million ounces of gold and Inferred Mineral Resource of 46.2 million tonnes at 1.31 g/t gold containing 1.94 million ounces of gold (see Revival Gold NI-43-101 Technical Report by Wood plc dated July 13^th, 2022, for further details). The mineralized trend at Beartrack extends for over five kilometers and is open on strike and at depth. Mineralization at Arnett is open in all directions.

Revival Gold has approximately 86.9 million shares outstanding and a cash balance of C$3.4 million as of September 30^th, 2022. All figures in this news release are in metric units and in $US unless stated otherwise. Additional disclosure including the Company’s financial statements, technical 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 contact:

Hugh Agro, President & CEO or Melisa Armand, Investor Relations
Telephone: (416) 366-4100 or Email: info@revival-gold.com

Cautionary Statement

This news release includes certain “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of U.S. securities legislation (collectively “forward-looking statements”. Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward looking statements in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking statements 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, an inability to raise additional funding, the manner the Company uses its cash or the proceeds of an offering of the Company’s securities, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, 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 statements 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 statements, whether as a result of new information, future events or otherwise, other than as required by law.

Revival Gold Shareholders Approve Stock Option Plan

kai erfle on November 23, 2022

Toronto, ON – November 23^rd, 2022 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, announces that shareholders have approved the Company’s amended 10% rolling stock option plan (the “Plan”) at its Annual General and Special Meeting of Shareholders held on November 22^nd, 2022, in Toronto (the “Meeting”).

The Plan

The maximum number of common shares which may be issued under the Plan is 10% of the Company’s issued and outstanding share capital at the date of grant. The Plan has a ‟rolling” limit, as the number of shares reserved for issuance pursuant to the grant of stock options will automatically increase as the Company issued and outstanding share capital increases. The limit includes outstanding stock options previously granted. The Plan is subject to annual approval of shareholders and the TSX Venture Exchange (“TSXV”).

A copy of the Plan was appended to the Company’s information circular pertaining to the Meeting dated October 14, 2022 (the “Circular”) and is available under the Company’s profile on SEDAR.

As further discussed in the Circular, the principal amendments to the Plan ensure compliance with the revised Policy 4.4 of the TSXV and include: (i) defining grant limits to certain participants who are eligible to receive grants of stock options under the Plan; (ii) amending the exercise provisions to permit Cashless Exercise (as defined in the Plan) by Plan participants; (iii) amending the exercise provisions to permit Net Exercise (as defined in the Plan) by Plan participants; (iv) amending the expiry provisions to provide that should the expiry date for an option fall within a Black-Out (as defined in the Plan), such expiry shall be automatically extended to that day which is the tenth business day after the end of the Black-Out”, and (v) requiring disinterested shareholder approval for any extension to the term of a stock option granted to an insider of the Company.

About Revival Gold Inc.

Revival Gold Inc. is a growth-focused gold exploration and development company. The Company is advancing the Beartrack-Arnett Gold Project located in Idaho, USA.

Beartrack-Arnett is the largest past-producing gold mine in Idaho. Engineering work has been initiated on a Preliminary Feasibility Study (“PFS”) for the potential restart of heap leach operations. Meanwhile, exploration continues, focused on expanding the 2022 Indicated Mineral Resource of 65.0 million tonnes at 1.01 g/t gold containing 2.11 million ounces of gold and Inferred Mineral Resource of 46.2 million tonnes at 1.31 g/t gold containing 1.94 million ounces of gold (see Revival Gold NI-43-101 Technical Report by Wood plc dated July 13^th, 2022, for further details). The mineralized trend at Beartrack extends for over five kilometers and is open on strike and at depth. Mineralization at Arnett is open in all directions.

For further information, please contact:

Hugh Agro, President & CEO or Melisa Armand, Manager, Investor Relations
Telephone: (416) 366-4100 or Email: info@revival-gold.com

Cautionary Statement

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 objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. 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, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, 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.

TSX.V: RVG

TSX.V: RVG

Revival Gold Announces Closing Of $6.2 Million Brokered Private Placement

Revival Gold Announces Brokered Private Placement

Revival Gold Provides Update on Beartrack-Arnett Prefeasibility Study

Revival Gold Intersects 1.5 g/t Gold Over 15.8 Meters and 1.07 g/t Gold Over 18.0 Meters in Near-Surface Oxides at Haidee

Revival Gold Intersects 1.12 g/t Gold Over 18 Meters And 0.81 g/t Gold Over 30.1 Meters In Near-Surface Oxides At Haidee

Revival Gold 2022 Year in Review

Revival Gold Closes Non-Brokered Private Placement

Revival Gold Announces Non-Brokered Private Placement Financing

Revival Gold Builds on 2022 Drill Results at Beartrack-Arnett

Revival Gold Shareholders Approve Stock Option Plan