Revival Gold Expands Land Position at Beartrack and Arnett

Toronto, ON – July 24, 2018 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, announces the expansion of its land position at both the Beartrack Gold Project (“Beartrack”) and the neighbouring Arnett Gold Project (“Arnett”), located in Lemhi County, Idaho.

Revival Gold has signed agreements to purchase an undivided 100% interest in the 18-acre Haidee patented mining claim (the “Haidee”) and the 20-acre Mapatsie #18A unpatented mining claim (the “Mapatsie #18A”). Both claims are located within Revival Gold’s existing Arnett land package.  The claims were purchased from a collection of parties for total cash payments of US$350,000 on close plus a 2% Net Smelter Return (“NSR”) from the production and sale of the minerals from the Haidee claim.  The NSR may be purchased by Revival Gold at any time for US$1,000,000.  The purchases are expected to close within 30 days.

In addition to the purchase of Haidee and Mapatsie #18A at Arnett, Revival Gold has increased its land position by staking a total of 117 unpatented lode mining claims surrounding Beartrack.  The staked claims total approximately 2,410 acres (975 hectares) and, together with the purchase of Haidee and Mapatsie #18A, bring the total Revival Gold land package at Beartrack and Arnett to approximately 11,641 acres (4,711 hectares).

“Historic work suggests the presence of significant near-surface oxide gold mineralization at Arnett”, said Hugh Agro, Revival Gold’s President and CEO. “The acquisition of Haidee and Mapatsie #18A solidifies Revival Gold’s rights to all known gold occurrences at Arnett.  Exploration at Arnett will target near-surface leachable material to supplement existing near-surface leachable resources at Beartrack”.

Arnett Additional Details

Revival Gold holds rights to a 100% interest in Arnett. The project is an advanced stage exploration project which was the subject of three historic geologic resource estimates prepared by Pincock, Allan & Holt (“PAH”) in 1991, 1993 and 1994 (the “PAH Reports”).

The most recent historic geological resource estimate encompassing Arnett, titled the “PAH 1994 Update of Arnett Creek Conceptual Study” (the “PAH 1994 Update”), reported a historical indicated geologic resource of 10.9 million tonnes at 0. 93 grams of gold per tonne (12 million tons at 0.027 ounces of gold per ton) containing approximately 327,000 ounces of gold and a historical inferred geologic resource of 2.6 million tonnes at 0.62 grams of gold per tonne (2.9 million tons at 0.018 ounces of gold per ton) containing approximately 53,000 ounces of gold (the “Historical Resource Estimate”).  Rights to the entire Historical Resource Estimate and all five known mineralized areas referenced in the PAH 1994 Update are now controlled by Revival Gold.  There are no more recent estimates or data available to the Company. It should be noted that the PAH report was prepared prior to the implementation of NI43-101 and does not conform to this standard.  Resource categories in the Historical Resource Estimate are not used in the in the same sense as stipulated in National Instrument 43-101 and are included for historical purposes only.

The PAH 1994 Update utilized a rock-type model.  Compositing of assay data was done on ten-foot lengths, and high-grade outlier composite grades were capped by rock type.  PAH ran geological resources for both the capped and uncapped model and found there to be negligible difference in total ounces between the two models.

Using omni-directional and vertical variograms constructed within the main mineralized zones, PAH selected a search radius of 110 feet in plan and 150 feet vertically.  A minimum of three composites were required for a block to be estimated by ordinary kriging. In order for a resource to be classified as indicated, at least one composite had to be within 80 feet of the estimated block or within a mineralized zone.  Blocks outside a mineralized zone, and further than 80 feet from a composite, were classified as inferred.

The Company notes that the PAH 1994 Update was based on reverse-circulation drilling conducted by American Gold Resources Inc. Subsequent geological work conducted by Meridian in 1997 consisted of eleven diamond drill holes, three of which were twins of previous reverse-circulation holes. While these twin holes confirm the presence of gold from earlier drilling, they also demonstrate the high variability of gold grades over the short distances between twined holes and suggest that the results from reverse-circulation drilling below the water table may not always be reliable.

The Company believes that the historic drilling and the PAH 1994 Update support the existence of a significant mineralized system. However, any future resource estimates by the Company will be based on a larger component of core drilling and will use specific gravity measured from drill core samples.

In early 1998, Meridian submitted a two-year proposal to the U.S. Forest Service for exploration at Arnett Creek and area.  However, in mid-1998, Meridian terminated its involvement in the project, returning the claims to their original owners.  No major exploration activities have been recorded since.

The Company cautions that the PAH Reports were prepared prior to the implementation of National Instrument 43-101.  Accordingly, the PAH 1994 Update does not constitute a mineral resource or a mineral reserve as defined by National Instrument 43-101.  The Project will require considerable further evaluation in order to verify the PAH 1994 Update.  As of the date of this news release, a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and Company is not treating the historical estimate as a current mineral resource or mineral reserve.

See Figure 1 below for an updated description of Revival Gold’s Beartrack and Arnett land position.

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 has the right to acquire a 100% interest in Meridian Beartrack Co., owner of the former producing Beartrack Gold Project located in Lemhi County, Idaho. Revival also owns rights to a 100% interest in the neighbouring Arnett Gold Project.

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

Revival Gold has 41 million shares outstanding and had a cash balance of approximately $6.2 million as at June 1st, 2018. Additional disclosure of the Company’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

For further information, please visit www.revival-gold.com or contact:
Andrea Totino, Investor Relations Manager
Telephone: (416) 366-4100
Email: info@revival-gold.com

Cautionary Statement

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

This News Release includes certain “forward-looking statements” 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, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Figure 1 – Revival Gold Beartrack and Arnett Gold Land Position

Revival Gold Files Beartrack NI 43-101 Technical Reportand Provides Exploration Update

Toronto, ON – July 12, 2018 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, has filed on SEDAR a technical report prepared in accordance with National Instrument 43-101 (“NI 43-101”) on the Beartrack Gold Project (“Beartrack”) in Lemhi County, Idaho (the “Technical Report”). The Technical Report supports the disclosure made by the Company in its news release dated May 29, 2018 titled “Revival Gold Unveils 43-101 Gold Resource at the Beartrack Gold Project in Idaho, USA”. There are no material differences from the mineral resources contained in the Technical Report from those disclosed in the May 29, 2018 news release.

The Technical Report, titled “Mineral Resource Estimate, Beartrack Property, Lemhi County, Idaho, United States”, is dated July 12, 2018 and has an effective date of April 18, 2018. The Technical Report was prepared by Resource Modeling Inc. with Graham A. Karklin & Associates Inc. contributing to the Mineral Processing and Metallurgical Testing section.

Highlights

  • At a 0.61 g/t gold mill cut-off and 0.26 g/t cyanide soluble gold heap leach cut-off, the Beartrack Mineral Resource contains:
    • A total Indicated Mineral Resource of 33.4 million tonnes at 1.13 g/t gold containing 1,214,000 ounces of gold; and,
    • A total Inferred Mineral Resource of 16.9 million tonnes at 1.41 g/t gold containing 765,000 ounces of gold.
  • Beartrack was previously operated as an open pit, heap leach operation exploiting leachable ore. The mine produced 609,000 ounces of gold before it was shut down in 2000 when the price of gold was below US$ 300/ounce.
  • Significant infrastructure from the historic operation remains. For this Mineral Resource, Revival Gold has conceptualized an initial heap leach restart with a mill operation to follow.
  • The Mineral Resource is defined by 458 core and reverse circulation drill holes totalling approximately 71,000 meters.

Exploration Update

Two rigs are currently in operation on a planned 8,000-meter core drill program at Beartrack. The program is expected to be completed mid-way through the fourth quarter of 2018. Three holes totaling approximately 1,600 meters in the South Pit target area and one hole totalling approximately 420 meters in the North Pit target area have been completed to-date. Assay results from these first three holes at Beartrack are expected to be available in August 2018.

Revival Gold is also underway with a program of metallurgical testing being conducted by SGS Laboratories Inc. on six composite samples from Beartrack. Initial results are expected by the end of the third quarter of 2018.

At the Company’s Arnett Gold Project (“Arnett”) located next to Beartrack, as previously reported, Revival Gold is in the process of permitting 52 drill pad locations.  A total of 2,000 meters of core drilling are planned at Arnett for later this year once Revival Gold’s Plan of Operations (drilling permit) has been approved by the United States Forest Service.

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 has the right to acquire a 100% interest in Meridian Beartrack Co., owner of the former producing Beartrack Gold Project located in Lemhi County, Idaho. Revival also owns rights to a 100% interest in the neighbouring Arnett Gold Project.

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

Revival Gold has 41 million shares outstanding and a cash balance of approximately $6.2 million as at June 1st, 2018. Additional disclosure of the Company’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

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

Andrea Totino, Investor Relations Manager
Telephone: (416) 366-4100  
Email: info@revival-gold.com

Cautionary Statement

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

This News Release includes certain “forward-looking statements” 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, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Revival Gold Mobilizes Second Rig at Beartrack Gold Project in Idaho

Toronto, ON – June 19, 2018 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, has mobilized a second drill rig at the Beartrack Gold Project (“Beartrack”) located in Lemhi County, Idaho and is pleased to provide the following exploration update.

Drilling at Beartrack resumed this season with one rig on May 22nd. The second rig arrived on June 9th. With the addition of the second rig, this year’s planned 8,000-meter core drill program is expected to be completed mid-way through the fourth quarter of 2018.

Drilling is designed to expand the recently announced maiden mineral resource at Beartrack (see Revival Gold press release dated May 29th, 2018) and to test underexplored areas along strike. Resource expansion will focus on the South and North Pit target areas (approximately six holes planned in each location). Additional drilling is planned in the Joss target area (approximately three holes planned) which is located approximately 700 meters south along strike from the South Pit. Additional targets have been identified between the South Pit and Joss and may be drilled depending on program results.

“Last year’s drill program validated historic drill data at Beartrack and allowed Revival Gold to announce a maiden indicated mineral resource of 33.4 million tonnes at 1.13 g/t gold containing 1,214,000 ounces of gold and a maiden inferred mineral resource of 16.9 million tonnes at 1.41 g/t gold containing 765,000 ounces of gold”, said Hugh Agro, President and CEO. “This year’s drill program is all about expanding this resource and testing new targets along strike”.

In addition to drilling at Beartrack, Revival Gold is currently in the process of permitting 52 drill pad locations at the neighbouring Arnett Project (“Arnett”). A total of 2,000 meters of core drilling are planned for Arnett later this year once the Company’s Plan of Operations has been approved by the United States Forest Service.

Drilling at Arnett will target near surface leachable material to supplement existing open-pit leachable resources at Beartrack. Drill targets have been identified based on historic exploration work and Revival Gold’s 2017 field mapping and selective rock sampling program. As previously released, approximately one-third of Revival Gold’s 2017 selective rock samples from across Arnett graded greater than 1 g/t gold (see Revival Gold press release dated November 13th, 2017).

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 has the right to acquire a 100% interest in Meridian Beartrack Co., owner of the former producing Beartrack Gold Project located in Lemhi County, Idaho. Revival also owns rights to a 100% interest in the neighbouring Arnett Gold Project.

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

Revival Gold has 41 million shares outstanding and had a cash balance of approximately $6.2 million as at June 1st, 2018. Additional disclosure of the Company’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

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

Andrea Totino, Investor Relations Manager
Telephone: (416) 366-4100
Email: info@revival-gold.com

Cautionary Statement

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

This News Release includes certain “forward-looking statements” 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, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Revival Gold Unveils NI 43-101 Gold Resource at the Beartrack Gold Project in Idaho, USA

Toronto, ON – May 29, 2018 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the Company), a growth-focused gold exploration and development company, is pleased to announce a NI 43-101 mineral resource estimate (“Mineral Resource”) for the past producing Beartrack Gold Project (“Beartrack”) located in Lemhi County, Idaho.

Highlights

  • At a gold price of US$1,300/ounce, a 0.61 g/t gold mill cut-off and a 0.26 g/t cyanide soluble gold heap leach cut-off, the pit-constrained Beartrack Mineral Resource contains:
    • A total Indicated Mineral Resource of 33.4 million tonnes at 1.13 g/t gold containing 1,214,000 ounces of gold; and,
    • A total Inferred Mineral Resource of 16.9 million tonnes at 1.41 g/t gold containing 765,000 ounces of gold.
  • Beartrack was previously operated as an open pit, heap leach operation exploiting leachable ore. The mine produced 609,000 ounces of gold before it was shut down in 2000 when the price of gold was below US$ 300/ounce.
  • Significant infrastructure from the historic operation remains. For this Mineral Resource, Revival Gold has conceptualized an initial heap leach restart with a mill operation to follow.
  • The Mineral Resource is defined by 458 core and reverse circulation drill holes totalling approximately 71,000 meters.
  • Revival Gold has now resumed exploration drilling with 8,000 meters planned for Beartrack this year and an additional 2,000 meters being permitted to drill later this year at the neighbouring Arnett Creek Project (“Arnett Creek”).
  • In addition, Revival Gold has initiated a program of modern metallurgical test-work for Beartrack by submitting six composite samples to SGS Laboratories Inc. in Vancouver, Canada with initial results expected in the third quarter.

Details

Table 1 outlines the pit-constrained Mineral Resource for Beartrack with cut-off grade sensitivity shown in Table 2.

Table 1:  Summary of Beartrack Project Indicated and Inferred Mineral Resources by Material Type (0.61 g/t gold mill cut-off and 0.26 g/t cyanide soluble gold heap leach cut-off grade)1-4

1 Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.  It is reasonably expected that most of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.
2 Mineral Resources were tabulated for model blocks with positive net value that lie within an optimized conceptual pit.  Table 3 summarizes the various economic parameters that were used to generate the Mineral Resource pit.  The price, recovery and cost data translate to a breakeven gold cut-off grade of approximately 0.61 g/t gold and 0.26 g/t cyanide soluble gold for mill and heap leach respectively.
3 Rounding may result in apparent discrepancies between tonnes, grade, and contained metal content.
The estimate of mineral resources may be materially affected by geology, environment, permitting, legal, title, taxation, socio-political, marketing or other relevant issues.
4 The effective date of the mineral resource estimate is April 18, 2018.
5 Heap Leach material defined by cyanide soluble grade leach characteristics.

Table 2:  Sensitivity Analysis of Grade and Tonnage at Varying Pit-Constrained Cut-Off Grades for the Beartrack Project

1 Base case cut-off grades at US$1,300/ounce gold are approximately 0.61 g/t gold and 0.26 g/t cyanide soluble gold for mill and heap leach respectively. Heap leach cut-off grade varies as does mill cut-off grade based on gold price.
2 Includes both heap leach and mill material.

“This NI 43-101 gold resource sets a solid foundation for Revival Gold’s 2018 exploration and metallurgical test-work plans for Beartrack”, said Hugh Agro, President & CEO. “This year we will build on the potential at Beartrack and at the neighbouring Arnett Creek with a program of 8,000 meters of drilling, now underway at Beartrack, and a further 2,000 meters currently being permitted for drilling later this year at Arnett Creek.  In addition, Revival Gold has initiated a program of modern metallurgical test-work at Beartrack by sending six composite samples to SGS Laboratories Inc. in Vancouver, Canada, with initial results expected in the third quarter”.

The Mineral Resource is defined by 458 core and reverse circulation drill holes totalling approximately 71,000 meters.  This includes 424 core and reverse circulation drill holes totalling approximately 57,450 meters drilled from 1990 to 1997 and 34 core drill holes totalling 13,737 meters drilled from 2012 to 2017 after the cessation of historic mining operations.  Statistical analyses comparing pre-2012 assay data with more recent core hole results revealed no distinct biases between the older and the more recent assay data.  Based on those comparisons, and favorable quality assurance-quality control (QA-QC) results for the 2012-2017 drilling data, Beartrack drill hole data from the period 1990 through 2017 were considered appropriate for estimating Mineral Resources.

The Mineral Resource includes all oxide, mixed oxide-sulphide and sulphide material within a conceptual open pit shell that was based on a gold price of US$1,300/ounce along with the cost, recovery and slope parameters summarized in Table 3.  Heap leach resources are primarily composed of oxide and mixed oxide-sulphide material and mill resources are primarily composed of sulphide material. Two separate net values were calculated for each block based on heap leach and mill parameters. The conceptual resource pit was generated from the maximum of the two conceptual block net values.  The mill parameters shown in Table 3 translate to a breakeven gold cut-off grade of 0.61 g/t gold. The heap leach parameters shown in Table 3 translate to a breakeven gold cut-off grade of 0.26 g/t cyanide soluble gold.

Table 3:  Conceptual Pit Parameters

1 Gold grades based on cyanide soluble methods.
2 Gold grades based on fire assay methods.

As presently conceived, Beartrack would be mined by conventional open pit methods and the mineralized material potentially processed by heap leach and milling methods. Mill flotation concentrates would be pressure oxidized and cyanide leached to produce gold doré on site.  Oxide material from mill tailings would be cyanide leached to produce gold doré on site.

Beartrack was previously operated as an open pit, heap leach operation exploiting leachable ore. The operation shutdown in 2000 when the price of gold was below US$300/ounce.

The historic Beartrack operation involved open pit mining by truck and shovel at a rate of 13,600 tonnes per day of ore, with two-stage crushing to minus two inches, conveyed to a heap leach pad with gold recovered in an Adsorption, Desorption, Regeneration plant. A total of 21,880,000 tonnes at 0.98 g/t cyanide soluble gold were processed producing 609,141 ounces of gold, yielding an average recovery of 88% of the cyanide soluble gold.

Significant infrastructure from the historic operation remains.  An initial heap leach restart at Beartrack could enhance the economics of a mill operation and encompass other potentially leachable targets in the Beartrack-Arnett Creek vicinity.

Mineral Resources were estimated for the Beartrack deposit using several different interpolation processes including inverse distance weighted, ordinary kriging, and nearest neighbor methods.  Mineral Resources are based on the inverse distance weighted cubed grade model which compares favourably with the ordinary kriged model.  Blocks in the block model measure 25 feet (7.62 meters) in each direction. This block size was selected to conform to historical production models for detailed reconciliation comparisons and was deemed to be appropriate by the Qualified Person given the current drill hole spacing.  Block grades were estimated using Imperial units (ounces/short ton) and then converted to metric units.

Gold mineralization is associated with a large, northeast-trending regional structure known as the Panther Creek Fault Zone (“PCFZ”). At the southern end of the property, gold mineralization tends to be associated with the Proterozoic Yellowjacket Formation and the PCFZ and a Proterozoic quartz monzonite intrusive and the PCFZ at the northern end of the deposit. The estimate of gold resources was constrained by a combination of lithologic and gold grade wireframes. Block gold grades were independently estimated using fire assays and cyanide soluble analyses. The grade models were validated using visual and statistical methods. In addition, the grade models were extensively compared to historical cyanide soluble and fire assay blast hole data and historical production reports.  The estimated block grades were classified as Indicated and Inferred categories based on drill hole spacing and continuity of mineralization.

In addition to exploring for additional leachable material in the Beartrack-Arnett vicinity, Revival Gold intends to explore for additional sulphide material and assess advancements in sulphide processing technology since the original Beartrack metallurgical test-work was completed nearly 30 years ago. Ultra-fine grinding of sulphide material and alternative oxidative processes prior to cyanide recovery of gold will be investigated.

The Mineral Resource for Beartrack was completed by Resource Modeling Inc. (RMI) based in Stites, Idaho with Mr. Michael Lechner, P. Geo. serving as the Qualified Person for this Mineral Resource estimate. A NI 43-101 Technical Report will be filed on SEDAR within 45 days.

Michael Lechner, P. Geo., President of Resource Modeling Inc., is the Qualified Person for this maiden Mineral Resource estimate within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects and has reviewed and approved its scientific and technical content.

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

About Revival Gold Inc.

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

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

Additional disclosure of the Company’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

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

Andrea Totino, Investor Relations Manager
Telephone: (416) 366-4100
Email: info@revival-gold.com

Cautionary Statement

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

This News Release includes certain forward-looking statements 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, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Revival Gold to Attend European Gold Forum and Idaho Investor Days

Toronto, ON – April 9, 2018 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, will be participating in the following upcoming industry conference and events:

  • European Gold Forum, to be held in Zurich, Switzerland, from April 17-19, 2018 at the Park Hyatt Hotel. Revival Gold’s presentation will be in Ballroom 3 on Thursday April 19, 2018 at 10:40am (CEST); and
  • Idaho Investor Days, to be held in Toronto, Ontario, on April 24, 2018 at The Hilton Toronto at 12:30pm (EDT) and in New York, New York on April 25, 2018 at the New York Hilton Midtown at 1:00pm (EDT).

The Idaho Investor Days event will highlight the world-class mining opportunities that exist in Idaho, the “Gem State”. Governor C.L. “Butch” Otter, state officials, industry experts and fellow mining company representatives will also be present at the event to discuss why Idaho is an excellent place to invest.

Interested parties that wish to schedule a meeting, or who would like more information regarding the events noted above, please contact Andrea Totino, Investor Relations Manager, at atotino@revival-gold.com. Corporate presentation and fact sheet information materials are available on the Company’s website at www.revival-gold.com.

About Revival Gold Inc.

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

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

Additional disclosure of the Company’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

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

Andrea Totino, Investor Relations Manager
Telephone: (416) 366-4100
Email: info@revival-gold.com

Cautionary Statement

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

This News Release includes certain “forward-looking statements”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. Forward- looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

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

Revival Gold Provides Exploration Update and Accelerates Timing for Beartrack Resource Estimate

Toronto, ON – February 26, 2018 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, reports on recent exploration activities and accelerates timing for the completion of an updated NI-43-101 Technical Report, including an updated mineral resource estimate, at the past producing Beartrack Gold Project (“Beartrack”) located in Lemhi County, Idaho.

Highlights

  • Revival Gold has finalized an update of the Beartrack drill hole database incorporating 13,737 meters of core drilling that was completed in 2012, 2013 and 2017; geological modeling of the deposit is also nearing completion;
  • Comparisons between Revival Gold’s 2017 confirmation core drilling assay results and historical core and reverse circulation drilling assays results have demonstrated that the two data sets have similar gold distributions;
  • Revival Gold’s Board of Directors has unanimously approved a C$4.5 million 2018 exploration program at Beartrack, including 8,000 meters of core drilling expected to commence in May; and,
  • The timing for delivery of an updated NI-43-101 Technical Report, including an updated mineral resource estimate for Beartrack, has been accelerated and is now expected by mid-year 2018.

“With the success of the 2017 core drilling program, we have determined that no further confirmation drilling of historical drill results at Beartrack will be undertaken at this time. Revival Gold has therefore accelerated work to complete an updated NI 43-101 Technical Report, including an updated mineral resource estimate, for Beartrack by mid-year 2018”, said Hugh Agro, President & CEO. “Revival Gold’s 2018 drill program will be redirected – principally toward resource expansion opportunities along strike and at depth”, he added. 

Details

On August 30th, 2017 Revival Gold signed an earn-in agreement with Meridian Gold Company (“Meridian”), a subsidiary of Yamana Gold Inc., which allows Revival Gold to acquire a 100% interest in Meridian Beartrack Co. (“Meridian Beartrack”), owner of Beartrack. For further transaction details, please see Revival Gold press release dated September 7, 2017.

In mid-November 2017, Revival Gold completed the initial 3,024 meters of a planned 11,000-meter core drilling program at Beartrack.  Ten of the twelve holes drilled in 2017 targeted near-surface oxide and transitional mineralization in the Ward’s Gulch and South Pit areas with the intention of confirming historical drilling completed by Meridian Beartrack in preparation for an updated NI-43-101 Technical Report, including an updated mineral resource estimate, at Beartrack.

A quantitative review of Revival Gold’s 2017 confirmation core drilling assay results compared against historical core and reverse circulation drilling assay results has now been completed. Gold samples from 2017 were spatially paired with older gold assay results and demonstrate that the distribution of gold based on the new and old programs is similar. In addition, a quality review of the historic drill data at Beartrack has also been substantially completed.

With the validation of historical drilling data largely complete, Revival Gold’s technical team moved on to update the Beartrack drill hole database and prepare an updated geological model incorporating 13,737 meters of core drilling completed in 2012, 2013 and 2017.  During this process, it became apparent that much of the 2012 and 2013 drilling extends the depth of known mineralization at Beartrack.

Figure 1 presents a long section at Beartrack in the Ward’s Gulch area depicting known mineralization and drill holes including those drilled in 2012, 2013 and 2017. Figure 2 illustrates representative cross-sections from the newly interpreted South Pit and Ward’s Gulch geology at Beartrack.

The past few months’ progress with technical work has allowed Revival Gold to accelerate the timing to complete an updated NI 43-101 Technical Report, including an updated mineral resource estimate, for Beartrack by six months from year-end 2018 to mid-year 2018.

2018 Exploration Program

Earlier this month Revival Gold’s board of directors approved a C$4.5 million 2018 exploration program at Beartrack. The program will include approximately 8,000 meters of core drilling to be divided between the South Pit, Ward’s Gulch and Joss areas, all of which are permitted for 2018.

Figure 3 illustrates the updated 2017-2018 Beartrack Drill Plan Map.

Figure 1:  Beartrack Project Long Section (at Ward’s Gulch)

Figure 2:  Beartrack Project Cross Sections


Figure 3:  Updated Beartrack 2017-2018 Drill Plan Map

The primary focus of exploration at Beartrack in 2018 will be to extend transitional and sulfide mineralization at depth in the South Pit and Ward’s Gulch areas as these areas offer the greatest potential to increase the resource base in the near-term.   Revival Gold also plans to drill several holes in the Joss area with the objective of evaluating the size potential and grade of that target.

In addition to drilling, the 2018 Beartrack exploration program provides for a number of other activities including metallurgical studies and testing, structural geology work and reprocessing of existing geophysical data utilizing modern methods.

At Revival Gold’s neighbouring Arnett Creek Gold Project, a Plan of Operations was submitted to the USFS in the fall of 2017 and the public comment period closed on February 5th, 2018. The Plan of Operations, when approved, will allow for the construction of up to 52 drill pad sites at Arnett Creek with approximately 2,000 meters of core drilling planned for late summer 2018.

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

About Revival Gold Inc.

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

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

Additional disclosure of the Company’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

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

Andrea Totino, Investor Relations Manager
Telephone: (416) 366-4100
Email: info@revival-gold.com

Cautionary Statement

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

This News Release includes certain “forward-looking statements”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. Forward- looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

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

Revival Gold to Attend Investor Conferences

Toronto, ON – February 21, 2018 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, announces that the company will be participating in the following upcoming industry conferences and events:

  • BMO Capital Markets 27th Annual Global Metals & Mining Conference to be held in Hollywood, Florida. February 25-28, 2018 at the Hollywood Diplomat Hotel.
  • PDAC International Convention, Trade Show & Investors Exchange to be held in Toronto, Ontario.  March 4-7, 2018 exhibiting in Booth #IE3302 at the Metro Toronto Convention Centre.

Revival Gold will also be participating in the first annual Idaho Investor Days, to be held in Toronto on April 24th and New York City on April 25th, 2018. The event will highlight the world-class mining opportunities that exist in Idaho, the “Gem State”. Governor C.L. Butch Otter, state officials, industry experts and fellow mining company representatives will also be present at the event to discuss why Idaho is an excellent place to invest.

Interested parties that wish to schedule a meeting, or would like more information regarding the conferences and events noted above, please contact Andrea Totino, Investor Relations Manager at atotino@revival-gold.com. Corporate presentation and fact sheet information materials are available on the Company’s website at www.revival-gold.com.

About Revival Gold Inc.

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

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

Additional disclosure of the Company’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

For further information, please visit www.revival-gold.com or contact:
Andrea Totino, Investor Relations Manager
Telephone: (416) 366-4100
Email: info@revival-gold.com

Cautionary Statement

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

This News Release includes certain “forward-looking statements”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. Forward- looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

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

Revival Gold Engages Market Maintenance Services Provider

Toronto, ON – February 15, 2018 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, announces that, subject to regulatory approval, it has retained Independent Trading Group Inc. (“ITG”) to provide market maintenance services to the Company in compliance with the policies and guidelines of the TSX Venture Exchange (the “TSXV”) and other applicable legislation.  ITG will trade shares of Revival Gold on the TSXV for the purposes of maintaining a reasonable market and improving the liquidity of Revival Gold’s common shares.

The Company will pay $3,500 per month for the services to be provided by ITG. The agreement may be terminated at any time by the Company or ITG following an initial six-month term. There are no performance factors contained in the agreement and ITG will not receive any shares or options as compensation for the services it will render. The Company and ITG are unrelated and unaffiliated entities but ITG and/or its clients may have an interest, directly or indirectly, in the securities of the Company.

About Revival Gold Inc.

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

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

Additional disclosure of the Company’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

About Independent Trading Group Inc.

ITG specializes in market maintenance services. ITG has been providing its market maintenance services to companies ranging from TSXV listed companies to certain of Canada’s largest publicly traded companies for over 20 years.  ITG is a member of the Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF), and is a member of all Canadian Stock Exchanges and Alternative Trading Systems. For further information on ITG, please contact (416) 941-0046 or itg@itg84.com.

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

Andrea Totino, Investor Relations Manager

Telephone: (416) 366-4100

Email: info@revival-gold.com

Cautionary Statement

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

This News Release includes certain “forward-looking statements”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. Forward- looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

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

Diane R. Garrett Appointed Board Member and Chair

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

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

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

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

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

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

About Revival Gold Inc.

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

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

Additional disclosure of the Company’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

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

Andrea Totino, Investor Relations Manager
Telephone: (416) 366-4100
Email: info@revival-gold.com

Cautionary Statement

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

This News Release includes certain “forward-looking statements”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. Forward- looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

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

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

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

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

About Revival Gold Inc.

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

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

Additional disclosure of the Company’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

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

Andrea Totino, Investor Relations Manager
Telephone: (416) 366-4100
Email: info@revival-gold.com

Cautionary Statement

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

This News Release includes certain “forward-looking statements”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. Forward- looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.

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