TSX.V: RVG

TSX.V: RVG

Revival Gold Intercepts 4.2 g/T Gold Over 25 Meters At The Mercur Gold Project In Utah

Marvin Del Rosario on March 4, 2026

Toronto, ON – March 4th, 2026 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) is pleased to provide the latest drilling results from the 2025 drilling program at the Company’s Mercur Gold Project (“Mercur” or the “Project”) located in Utah.

Highlights

  • Assay results have been received from an additional eighteen drill holes.
  • Intersections at South Mercur include:
    • 4.2 g/T gold over 25 meters width at 43 meters downhole in RMC25-028; including
    • 9.8 g/T gold over 5.7 meters width at 55 meters downhole.
  • Intersections at Main Mercur include:
    • 6.5 g/T gold over 7.1 meters width at 35 meters downhole in RMC25-025; and
    • 0.79 g/T gold over 32 meters width at 50 meters downhole in RM25-169.
  • Revival Gold’s first drill holes completed in the South Mercur area present high-grade intercepts and further highlight the exploration potential at Mercur.

“Mercur was the first Carlin-style system mined in the US Great Basin and a substantial portion of the Project’s historical gold production was sourced from high-grade ore.  Today’s near-surface drill results mark the first reported by Revival Gold for the South Mercur area.  The high-grade intercepts encountered by the Company highlight the robust nature of gold zones that occur in the Mercur system and point to the exciting exploration opportunity we see ahead”, said Hugh Agro, President & CEO.

“Final results from the 2025 Mercur drilling program are expected later this month and the Company’s 2026 Mercur drilling program is scheduled to start in April”, added Agro.

Mercur Drilling Details

The 2025 drilling program at Mercur finished in December with 115 RC and core holes completed.  107 holes have been released to-date.  Data collected will support the Company’s planned Prefeasibility Study targeting release in Q1 2027, a major milestone on the path to restarting gold production at Mercur.   Figure 1 describes drill hole locations at Main Mercur.

Figure 1: Mercur Drill Plan Map March 4, 2026

Table 1: Detailed Drill Results

1 True width for all holes is estimated to be 60-100% of drilled width. Numbers may not add up due to rounding.
2 Mineralized intercepts calculated based on a 0.17 g/t cutoff grade allowing up to 2 intervals of internal dilution. 3 AuCN/AuFA is the ratio of cyanide soluble gold assay to total gold in fire assay and provides an indication of potential heap leach recoverability for the material sampled.
4 Drillhole lost short of target stratigraphy
5 No recovery and non-assayed intervals are assigned a 0 value for intercept calculation.

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

QA/QC Program

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

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

Qualified Persons

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

About Revival Gold Inc.

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

For further information, please contact:

Scott Trebilcock, VP, Corporate Development & Investor Relations

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

Cautionary Statement

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

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

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

Revival Gold Provides 2026 Outlook And Sets Objective To Be Next Gold Mine Developed In The US Great Basin

Marvin Del Rosario on February 23, 2026

Toronto, ON – February 23rd, 2026 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) is pleased to provide an update on our activities and plans for 2026.

Outlook Highlights

  • Mercur gold project in Utah, U.S.A. (“Mercur”) advancing to potential production in 2029:
    • Permitting work underway with expected two-year timeline;
    • Anticipate start of project financing discussions in 2027; and
    • Construction decision in 2028.
  • Mercur 2026 work programs focused on:
    • Completing planned column leach metallurgical testing program;
    • 12,000 meters of drilling to upgrade, and potentially expand, resources;
    • An additional 4,000 meters of drilling to support engineering and design;
    • Completing baseline surveys and related studies to support permitting; and
    • Substantially completing a Preliminary Feasibility Study (“PFS”) with targeted release in Q1 2027.
  • Ongoing exploration drilling at the Beartrack-Arnett gold project in Idaho, U.S.A., (“Beartrack-Arnett”) targeting high-grade underground potential with 3,000 meters of core drilling:
    • Two core rigs are currently turning on the project with assay results pending

“2026 should be a transformative year for Revival Gold as we advance the Mercur gold project to production with targeted startup in 2029.  Mercur benefits from being a prior successful Barrick operation with intact infrastructure, on private land, and in the supportive state of Utah.  These characteristics help reduce risk and, together with recent progress by our technical team, give us confidence in our ability to move Mercur rapidly back into production.”, said Hugh Agro, President & CEO.

Mr. Agro continued, “Activity at Mercur is accelerating with engineering, baseline surveys, and robust metallurgy works underway.  We believe, the market has yet to recognize the Mercur opportunity in Revival Gold’s valuation and that this will change in 2026.  We look forward to a rewarding year for the Company’s stakeholders.”

2026 Mercur Details

Revival Gold is ramping up the Company’s project team and work programs at Mercur to complete baseline studies and substantially advance the project in 2026.

Metallurgical Program – A robust metallurgical program has commenced under the direction of Kappes Cassiday & Associates and includes 20 column leach metallurgical tests from the 2025 drill core.  The objective of the program is to test a spatially, geologically, and metallurgically representative array of samples to de-risk the project metallurgy.  Results are expected in Q2 2026.

Drill Program – 12,000 meters of RC and core drilling are planned to convert resources to higher confidence levels (measured and indicated) for PFS mine planning and for exploration purposes.  An additional 4,000 meters of RC, core, and auger drilling for geotechnical and hydrological data will be completed to support PFS engineering.

Environmental Baseline & Permitting – The Utah Department of Oil, Gas and Mining (“DOGM”) is the lead mine permitting agency in Utah.  DOGM requires that all environmental baseline studies be completed prior to starting the formal permitting process.  The baseline studies include biological studies (wildlife, vegetation, soils, aquatic life), hydrogeology, cultural resources, air, geochemistry and noise, amongst others.  Stantec Consulting Services Inc. and Kautz Environmental Consultants Inc. have been awarded support contracts with more scope to be tendered.

PFS – In parallel to the environmental baseline and permitting preparation activities, Revival Gold will be advancing a PFS during 2026 with the goal of completing the study in Q1 2027.  PFS engineering work includes:

  • Updating the mineral resource estimate;
  • Revising the mine plan;
  • Conducting trade-off studies;
  • Engineering and cost estimation; and
  • Completing an NI 43-101 Technical Report.

Revival Gold’s objective is to advance Mercur, targeting a construction decision in 2028 after two years of permitting and technical work, with gold production targeted for 2029.

2026 Beartrack-Arnett Details

The 2026 Beartrack-Arnett exploration program will focus on the Joss target area to demonstrate continuity and show opportunities for expansion of gold mineralization along strike and at depth.  The program is a continuation of the drilling program launched in 2025 with 3,000 meters of core drilling planned at Beartrack-Arnett in 2026 to expand the underground high-grade at Joss.  Two rigs are currently turning from contractors Major Drilling and National.

The Mercur property includes interests optioned from Barrick Resources (USA) Inc. and others as summarized in the Preliminary Economic Assessment (“PEA”).  See “Preliminary Economic Assessment NI 43-101 Technical Report on the Mercur Gold Project, Tooele & Utah Counties, Utah, USA” prepared by Kappes, Cassidy & Associates, and RESPEC Company LLC, dated May 2nd, 2025 and news release dated December 22, 2025.

Qualified Persons

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

About Revival Gold Inc.

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

For further information, please contact:

Scott Trebilcock, VP, Corporate Development & Investor Relations

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

Cautionary Statement

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

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

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

Revival Gold Provides Exploration Drilling Update on Beartrack-Arnett Gold Project in Idaho

Marvin Del Rosario on January 22, 2026

Toronto, ON – January 22nd, 2026 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) is pleased to provide an update on exploration drilling at the Company’s Beartrack-Arnett Gold Project (“Beartrack-Arnett” or the “Project”) located in Idaho, U.S.A.

Highlights

  • Drilling contractor, Drilcor Ltd. (“Drilcor”), has completed 1,150 meters of core in four exploration holes to-date targeting:
    • A two-kilometer step-out on the Beartrack-Arnett property at the greenfield Sharkey target; and
    • Extensions of high-grade Joss mineralization, last drilled in 2022.
  • Sharkey drilling encountered target stratigraphy in one of the three holes in the area. Geochemical assay results and analysis are pending.
  • A second drilling rig has been contracted from Major Drilling (“Major”) to accelerate the pace of drilling in the Joss target area.

“Revival Gold continues to pursue the resource growth and exploration potential at Beartrack-Arnett even while our Mercur gold project in Utah marches towards a potential construction decision in late 2027.  This staged approach offers investors the prospect of potential near-term cash flow in a company with exciting growth potential – all in gold, all from two large gold systems, and all in the western United States”, said Hugh Agro, President & CEO.

Mr. Agro continued, “We expect to accelerate progress at Beartrack-Arnett with Major Drilling returning to the project shortly, and we look forward to reporting on assay results as they become available.”

Details

The Beartrack deposit within the Beartrack-Arnett gold project is a structurally controlled orogenic gold deposit running north-south on the Panther Creek Shear Zone (“PCSZ”).  The multi-million-ounce resource at Beartrack is hosted in over five kilometers of strike on the PCSZ. 

The Sharkey target is a two-kilometer step-out to the south to extend the PCSZ structure.  The Sharkey target is a geophysics (resistivity) anomaly that may map the PSCZ structural corridor to the south of Joss under post-mineral cover. See Figure 1 for geology and target drill locations.

Results from the three holes completed at Sharkey, showed bedrock was deeper than indicated by the geophysics and historic RC drill hole logging.  The target stratigraphy (Proterozoic metasediments) was intercepted in one hole and was highly fractured and contained small vein selvages with sericitic alteration typically seen adjacent to mineralization in other areas associated with the PCSZ.  While no Joss-like mineralization was intercepted, Hole BT25-247D intercepted alteration (quartz, pyrite, arsenopyrite, sericite) and shearing near the bedrock-overburden contact.

Geochemical assay analysis is in process.  The results will be used to refine Revival Gold’s future exploration target drilling at Sharkey.

Drilling by Drilcor continues at Joss to the north targeting extension of the deposit.  Major is expected to be on site with a second rig in early February.

Figure 1: Beartrack-Arnett Drilling Program (planned and completed drill holes)

Market Liquidity Services

The Company also announces that it has engaged Velocity Trade Capital Ltd. (“Velocity Trade”) to provide market-liquidity services to the Company. Velocity Trade is providing its services to the Company pursuant to a market making services agreement (the “Agreement”) between the Company and Velocity Trade and will manage trading of the Company’s shares from time to time for the purpose of maintaining an orderly market, with a view to reducing trading volatility and improving the liquidity of the Company’s shares. The funding and securities required for these services undertaken will be provided by Velocity Trade.

In consideration of the market liquidity services, the Company will pay a fee of C$6,000 per month for liquidity services, with the first two months’ fees payable upon execution of the Agreement, with services starting on or around February 1, 2026.  Thereafter, a monthly fee of $6,000 will be payable on the first day of each month during the term of the Agreement. The term of the Agreement shall continue until terminated by either party by providing the other party with 30 days prior written notice of termination.

Velocity Trade is a private and independent investment dealer headquartered in Toronto, Ontario, and is registered for trading in the provinces of Ontario, Quebec, British Columbia, Alberta, and Manitoba. Velocity Trade is a member of the TMX, and of the Canadian Investment Regulatory Organization (CIRO). Additionally, the firm and its affiliate companies are regulated internationally by the UK’s Financial Conduct Authority (FCA), the Authority for Financial Markets (AFM) in the Netherlands, the Australian Securities and Investments Commission (ASIC), South Africa’s Financial Sector Conduct Authority (FSCA), and the Monetary Authority of Singapore (MAS), among others.

There are no performance obligations contained in the Agreement, and Velocity Trade will not receive common shares, stock options, or any other form of equity in the Company as compensation. Velocity Trade and the Company are arms-length parties, and Velocity Trade and its principals own, in the aggregate, directly or indirectly, less than 1% of the issued and outstanding common shares of the Company. Velocity Trade and the Company are not related parties and have no other agreements other than the market liquidity agreement which is the subject of this news release.

The engagement of Velocity Trade to provide market liquidity services to the Company is subject to acceptance of the TSX Venture Exchange.

Qualified Persons

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

About Revival Gold Inc.

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

For further information, please contact:

Scott Trebilcock, VP, Corporate Development & Investor Relations
Telephone: (416) 366-4100 or Email: info@revival-gold.com

Cautionary Statement

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

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to: Statements with respect to the Company’s exploration, metallurgy, permitting and development activities, the goals and expected outcomes of the planned drilling and development program at the Company’s mineral projects, permitting at Mercur and Beartrack-Arnett, that the Mercur gold project marches towards a potential construction decision in late 2027, that the Company staged development approach offers investors the prospect of potential near-term cash flow in a company with exciting future growth potential and that Velocity Trade’s services will assist in maintaining an orderly market, with a view to reducing trading volatility and improving the liquidity of the Company’s shares.

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

Revival Gold Intercepts 1.8 g/T Gold Over 26 Meters and Provides Update On Mercur Heap Leach Project in Utah

Marvin Del Rosario on January 7, 2026

Toronto, ON – January 7th, 2026 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) is pleased to provide the latest drilling results and an update on project development at the Company’s Mercur Gold Project (“Mercur”) in Utah.
2025 Highlights
  • Assay results have been received from an additional nineteen drill holes with the following highlight intersections in near-surface oxide gold mineralization at Mercur:
    • 1.8 g/T gold over 25.9 meters width at 6.1 meters downhole in RM25-144;
    • 1.3 g/T gold over 21.9 meters width at 16.8 meters downhole in RMC25-019; and
    • 0.7 g/T gold over 29.0 meters width at 21.3 meters downhole in RM25-131.
  • Results to date continue to confirm the expected tenor and leachability of mineralization and demonstrate exploration upside opportunities at Main Mercur.
Development Update
  • Revival Gold’s lead environmental and permitting consultant, Stantec Consulting Inc. (“Stantec”), has completed detailed work plans for baseline biological studies. Field work will commence in Q1 and is expected to be completed over the next twelve months.
  • Discussions have been initiated with Utah regulators on the mitigation of historical mining related archaeological sites. Phased mitigation planning by Stantec is underway with the next stage of field work expected to commence in Q2.
  • PQ core sample selection and test preparation is underway by Revival Gold’s lead metallurgical and process design consultants, Kappes, Cassiday & Associates, for a program of approximately twenty column leach tests expected to be completed by the end of Q2.
  • A contractor has been selected to evaluate and redevelop the historical Barrick water supply wells at Mercur. Work will commence this month.
Revival Gold is also pleased to announce the appointment of Timothy S. Barnett as the Company’s General Manager of Mercur with overall responsibility for site development and operating activities. Mr. Barnett is a seasoned mining professional with more than thirty years experience in engineering studies, construction management, and operations in international and domestic 1 precious metals mining. Most recently, Mr. Barnett was a Project Manager with Rio Tinto Kennecott. Previously, Mr. Barnett managed construction contracts at Continental Gold’s Buritica gold project in Colombia, served as Commissioning Manager at Oceana Gold’s Haile gold mine in South Carolina and Project Manager at Alamos Gold’s Mulatos gold mine in Mexico. Mr. Barnett completed a B.Sc. in Metallurgical Engineering at Corllins University and Montana Tech and resides with his family in Stansbury Park, Utah.
“Revival Gold is thrilled to welcome Tim Barnett as General Manager at Mercur and pleased to kick off 2026 with further encouraging assay results and development news at Mercur”, said Hugh Agro, President & CEO.
Mr. Agro continued, “Our primary operational objective is to restart gold production at Mercur and, with today’s news, we are adding to our leadership team and ramping up activity in support of that objective. With the gold price comfortably above US$4,000 per ounce, bringing a new 100,000 ounce per annum domestic gold mine into production will create significant value for our owners.”

Mercur Drilling Details

The 2025 drilling program at Mercur finished in December with 115 RC and core holes completed. Data collected will support the Company’s planned 2026 pre-feasibility study, a major milestone on the path to restarting gold production at Mercur.
Drilling results collected to-date at Mercur are generally consistent with the Inferred Mineral Resource and metallurgical models developed for the Mercur Preliminary Economic Assessment (“PEA”) (see “Preliminary Economic Assessment NI 43-101 Technical Report on the Mercur Gold Project, Tooele & Utah Counties, Utah, USA” prepared by Kappes, Cassidy & Associates, and RESPEC Company LLC dated May 2nd, 2025).
RM25-136 and RM25-137 in the Marion Hill area at Main Mercur, targeted the western edge of the PEA design pit. The holes are encouraging with long runs of mineralization that continue to the bottom of the holes and outside the current PEA pit shells.
Figure 1 describes drill hole locations for the results released today. Full drill results are presented in Table 1 below.

Figure 1: Main Mercur Drill Plan Map – January 7th, 2026 Results

Table 1: Detailed Drill Results

1 True width for all holes is estimated to be 70-100% of drilled width. Numbers may not add up due to rounding.
2 Mineralized intercepts calculated based on a 0.17 g/t cutoff grade allowing up to 2 intervals of internal dilution.
3 AuCN/AuFA is the ratio of cyanide soluble gold assay to total gold in fire assay and provides an indication of potential heap leach recoverability for the material sampled.
4 NSI stands for no significant intercept above the 0.17 g/t cutoff grade.
5 No recovery and non-assayed intervals are assigned a 0 value for intercept calculation.

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

Subject to regulatory approval, Revival Gold has granted Mr. Barnett 300,000 incentive stock options in connection with his appointment. Pursuant to the Company’s Stock Option Plan, the options are exercisable at a price of $0.75 each for a period of five years and are subject to vesting provisions.

QA/QC Program

Quality Assurance/Quality Control consists of the regular insertion of certified reference materials, duplicate samples, and blanks into the sample stream. Sample results are analyzed immediately upon receipt, and all discrepancies are investigated. Samples are submitted to the ALS Geochemistry sample preparation facility in Elko, Nevada. Gold analyses are performed at the ALS Geochemistry laboratory in Reno, Nevada or Vancouver, British Columbia, and multi-element geochemical analyses are completed at the ALS Minerals laboratory in Vancouver, British Columbia. ALS Minerals is an ISO/IEC 17025:2017 accredited lab.
Gold assays are determined on reverse circulation drill cuttings and quarter-sawn PQ core by fire assay and Atomic Absorption Spectroscopy (AAS) on a 30-gram nominal sample weight (Au-AA23). One quarter of the PQ core samples were submitted for assay, one quarter is kept for sample archive, and one half is preserved for future metallurgical column tests. For samples containing greater than 100 ppb Au as determined by Fire Assay, gold content is also determined by cyanide leach with an AAS finish on a nominal 30-gram sample weight (Au-AA13). Multi-element geochemical analyses are completed on composites samples from selected drill holes using the ME MS 41 method.

Qualified Persons

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

About Revival Gold Inc.

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

For further information, please contact:

Scott Trebilcock, VP, Corporate Development & Investor Relations
Telephone: (416) 366-4100 or Email: info@revival-gold.com

Cautionary Statement

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

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

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

Revival Gold 2025 Year In Review

Marvin Del Rosario on December 30, 2025

Toronto, ON – December 30th, 2025 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) is pleased to provide a review of the Company’s key accomplishments in 2025, delivering value for our owners and advancing Revival Gold’s portfolio of gold development projects located in the western United States.

“Revival Gold continued its transformational growth delivering multiple milestones across the business.  Our team did an amazing job in 2025, and I want to thank those involved for their excellent work”, said Hugh Agro, President & CEO. “Even with strong share price performance over 2025, Revival Gold currently trades at low multiples to intrinsic value providing exciting future upside potential.  Revival Gold has the people, assets and gold price environment to continue delivering for our owners in 2026, and we certainly look forward to the year ahead”, added Agro.

2025 Highlights

  • Secured a strategic investment from Dundee Corporation, a team of mining professionals that have backed some of the world’s most successful precious metals businesses.
  • Delivered compelling economics with the Mercur Preliminary Economic Assessment1:
    • Average 95,600 ounces of gold per year over a 10-year mine life;
    • After-tax NPV of $752 million and IRR of 57% at $3,000 per ounce gold and a 5% discount rate taking the Company’s total project NPV to $1.24 billion;
    • Life-of-mine all-in sustaining cost of $1,363 per ounce of gold; and
    • Expected timeline to complete mine permitting of approximately two years.
  • Announced a strategic investment by EMR Capital, a specialist private equity firm with a proven track record in global mining operations, development and investment.
  • Completed a total of C$34 million in equity financing including the strategic investments by EMR Capital and Dundee Corporation referenced above.
  • Planned and executed a 115-RC and core hole drilling program at Mercur to infill inferred mineral resources, collect metallurgical samples, and test for resources extensions.
  • Released results from 46 drill holes at Mercur including the following highlights2:
    • 3.0 g/T gold over 21.1 meters from 75.8 meters in RMC25-011
    • 0.78 g/T over 70.1 meters from 59.4 meters in RM25-099
    • 1.4 g/T gold over 44.2 meters from 33.5 meters in RM25-117
  • Kicked-off Mercur development work and mine permit planning ahead of a planned 2026 pre-feasibility study with:
    • Stantec Consulting Services Inc. as principal environment and permitting consultant;
    • Kappes, Cassiday & Associates leading metallurgy and process design; and
    • RESPEC Company LLC retained to update the mineral resource.
  • Exercised the Company’s option on 1,000 hectares of Barrick claims at Mercur to achieve consolidation of the entire 7,200-hectare Mercur land position to secure a Carlin-style gold system in a single owner’s hands – a rarity outside the Nevada gold majors.
  • Delivered promising metallurgical test results on Beartrack-Arnett high-grade sulphides undertaken in collaboration with Dundee Sustainable Technologies, a subsidiary of Dundee Corporation.
  • At Beartrack-Arnett, mobilized an ongoing core drilling program to test for high-grade underground extensions south of Joss.
  • Augmented the corporate team with appointment of industry veteran, Scott Trebilcock, as VP Corporate Development & Investor Relations.

    • 1 See “Preliminary Economic Assessment NI 43-101 Technical Report on the Mercur Gold Project, Tooele & Utah Counties, Utah, USA” prepared by Kappes, Cassidy & Associates, and RESPEC Company LLC dated May 2nd, 2025, and “Preliminary Feasibility Study NI 43-101 Technical Report on the Beartrack-Arnett Heap Leach Project, Lemhi County, Idaho, USA” prepared by Kappes, Cassidy & Associates, IMC, KCH and WSP, dated August 2nd, 2023, for further details.
    2 See Revival Gold news releases dated October 29th and November 17th, 2025, for further details.

Qualified Persons

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

About Revival Gold Inc.

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

For further information, please contact:

Scott Trebilcock, VP, Corporate Development & Investor Relations
Telephone: (416) 366-4100 or Email: info@revival-gold.com

Cautionary Statement

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

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

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