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

Highlights

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

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

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

About Revival Gold Inc.

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

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

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

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

Hugh Agro, President & CEO or Adam Rochacewich, CFO
Telephone: (416) 366-4100 or Email: info@revival-gold.com

Cautionary Statement

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

This News Release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-

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

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

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

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

Highlights

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

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

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

Details

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

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

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

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

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

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

QA/QC Program

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

Sample preparation for Beartrack consists of crushing the sample to 70% less than 2mm and pulverizing 250 grams to better than 85% passing 75 microns (PREP-31) while sample preparation for Arnett consists of crushing the sample to 70% less than 2mm and pulverizing 1,000 grams to better than 85% passing 75 microns (PREP-31B). Gold assays are determined by Fire Assay and AAS on a 30-gram nominal sample weight (Au-AA24). For shallow holes targeting leachable mineralization, gold is also determined by cyanide leach with an AAS finish on a nominal 30-gram sample weight (Au-AA13). Multi element geochemical analyses are completed on selected drill holes using the ME-MS 61 method.

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

About Revival Gold Inc.

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

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

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

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

Hugh Agro, President & CEO or Adam Rochacewich, CFO
Telephone: (416) 366-4100 or Email: info@revival-gold.com

Cautionary Statement

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

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

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

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

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

Drilling Update

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

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

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

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

Airborne Geophysics

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

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

Metallurgical Testing

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

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

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

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

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

About Revival Gold Inc.

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

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

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

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

Hugh Agro, President & CEO or Adam Rochacewich, CFO
Telephone: (416) 366-4100 or Email: info@revival-gold.com

Cautionary Statement

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

This News Release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s intentions regarding its objectives, goals or future plans and statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to,

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

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

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

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

About Revival Gold Inc.

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

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

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

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

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

Cautionary Statement

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

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

Toronto, ON – May 28th, 2019 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, has commenced drilling at the Beartrack Gold Project (“Beartrack”) located in Lemhi County, Idaho.

Drilling resumed at Beartrack this season with one rig on May 23rd. Approximately 1,000 meters of core drilling are planned at Beartrack before shifting the drilling focus for 2019 to the neighbouring Arnett Gold Project (“Arnett”). A second rig is expected to be mobilized to Arnett next month. With the addition of the second rig, this year’s planned 5,000-meter core drill program at Beartrack-Arnett is expected to be completed in the third quarter of 2019.

Revival Gold’s 2019 exploration program is intended to continue to build on the scale of the known gold system at Beartrack and to advance toward a preliminary resource estimate of leachable gold material at Arnett. The Beartrack holes are to be located within the mineralized trend approximately 650 meters south along strike from the current Beartrack mineral resource.

Subject to permitting, drilling will shift in late June to the Haidee area at Arnett for an additional 20-25 core holes. The objective at Arnett is to follow up on Revival Gold’s 2018 core drilling at Haidee and to develop an initial resource of near surface oxide gold material.

In addition to the historical gold resource in the Haidee area, several additional targets are present within the Arnett land package. Key targets of interest include the Roman’s Trench area, which, along with the Haidee and Little Chief Extension area, lie in the northern contact of the Arnett stock, the Italian Mine, South Arnett-Twin Long Drops, Thompson-Hibbs, Shenon Gulch and the Porcupine areas, which occur within a broader three- to four-kilometer-long trend near the southern contact of the Arnett stock. All the areas noted above have been subjected to limited, historical reverse circulation drilling and are targets for future drilling.

“With funding in place and numerous high-quality drill targets available at both Beartrack and Arnett, Revival Gold has an exciting exploration season ahead”, said Hugh Agro, President & CEO.

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

About Revival Gold Inc.

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

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

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

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

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

Cautionary Statement

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

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

Toronto, ON – May 15th, 2019 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, announces its participation in the following upcoming conferences:

• 121 Mining Investment London Conference to be held in London, U.K. on May 20-21, 2019 at ETC Venues, County Hall, Riverside Building, Belvedere Road.
• Canadian Mining Symposium to be held in London, U.K. on May 22, 2019 at Canada House, Trafalgar Square. Revival Gold’s corporate presentation will be given at 1:45pm.
• 121 Mining Investment New York Conference to be held in New York, U.S.A. on June 4-5, 2019 at The Convene, 730 Third Avenue.

Interested parties that wish to schedule a meeting, or who would like more information regarding the conferences and events noted above, please contact Andrea Totino, Investor Relations Manager at 647-953-5962, or email 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 Gold also owns rights to a 100% interest in the neighbouring Arnett Gold Project.

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

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

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

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

Cautionary Statement

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

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

Toronto, ON – May 8th, 2019 – 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 upcoming field programs at the Company’s Beartrack and Arnett gold projects (“Beartrack” and “Arnett” respectively), and announces an amendment to the terms of Revival Gold’s agreement to acquire a 100% interest in Beartrack.

Highlights:

• Implemented TerraSource geological database software and completed updated geological models based on 2018 drill results at Beartrack and Arnett;
• Retained Roscoe Postle Associates Inc. (“RPA”) to assist with the design of Revival Gold’s 2019 metallurgical test programs at Beartrack and Arnett and to commence an updated resource estimate for Beartrack-Arnett by year end;
• Received a draft Decision Notice (“DN”) and Finding of No Significant Impact (“FONSI”) from the United States Forrest Service (“USFS”) in connection with the Company’s proposed Plan of Operations (“POO”) for 53 new drill site locations at Arnett;
• Executed an amendment to the terms of the four-year earn-in and related stock purchase agreement (the “Agreement”) to acquire Beartrack from a subsidiary of Yamana Gold Inc. (“Yamana”). Under the amendment, Revival Gold has reduced or eliminated certain expenditure requirements in exchange for an additional 0.25% NSR royalty on Beartrack payable to Yamana and capped at US$1 million; and,
• Revival Gold’s Board of Directors has unanimously approved a $4.2 million exploration program this year at Beartrack-Arnett, including 5,000 meters of core drilling expected to commence in May.

“Revival Gold is targeting a significant increase in gold resources within the combined Beartrack-Arnett land position”, said Hugh Agro, President & CEO. “Today’s announcement highlights the company’s recent progress and details plans for an aggressive $4.2 million exploration program through the balance of this year”.

2019 Exploration Program

Revival Gold’s 2019 exploration program at Beartrack-Arnett is intended to continue to build on the scale of the known gold system at Beartrack and to advance toward a preliminary resource estimate of leachable gold material at Arnett.  The work program will include 5,000 meters of core drilling.

Drilling, contracted to Idaho-based Timberline Drilling Inc., is expected to commence in May with two core holes in the Joss area at Beartrack (see Figure 1, Beartrack 2019 Drill Plan Map, below). The holes are to be located within the mineralized trend approximately one kilometer south along strike from the current Beartrack mineral resource.

Subject to permitting (see below), drilling will then proceed to the Haidee area at Arnett for an additional 20-25 core holes (see Figure 2, Arnett 2019 Drill Plan Map, below). The objective at Arnett is to follow up on Revival Gold’s 2018 core drilling at Haidee and to develop an initial resource of near surface oxide gold material.

In addition to drilling, Revival Gold will undertake a second phase of metallurgical test work on sulphide material at Beartrack under RPA’s direction, (see Revival Gold press release dated October 15th, 2018 for Revival Gold’s initial Beartrack metallurgical test results) and a preliminary program of updated bottle roll metallurgical tests on material from Arnett.

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

The focus of metallurgical testing at Arnett will be to validate historical metallurgical test results obtained in the 1990’s by Kappes Cassiday & Associates. Results from Revival Gold’s 2019 metallurgical test programs are expected in the fourth quarter of 2019.

Revival Gold has contracted Earth Scan Technologies Ltd. to complete an airborne magnetic survey at the Arnett property this month. The survey will cover the entire Arnett land package and be integrated with historic airborne magnetic data to provide complete coverage of the Company’s land position at both Beartrack and Arnett.  Magnetic data will aid in the interpretation of geology, particularly in covered areas, as well as with the selection of new drill targets.

The Company is also planning to complete a property-wide soil sampling program and additional geologic mapping at Arnett later this summer. The objective of these programs will be to further characterize the Arnett geologic model and controls on gold mineralization.

Permitting

Revival Gold submitted its initial POO to drill at Arnett in October 2017. A 30-day public comment period was completed in February 2018 and the Idaho State Historical Preservation Office completed it’s review of the required Arnett cultural survey in March 2019. Issuance of a draft DN and FONSI in April 2019 initiated the final step of the National Environmental Policy Act permitting process.

Revival Gold expects to commence drilling at Arnett in June 2019 following review and resolution of any material objections to the draft DN and FONSI.

Revival Gold has commenced several other permit application processes with the USFS in respect of potential drill sites to be located at Beartrack. The Company is already permitted for drilling in the main areas of known mineralization at Beartrack and is pursuing the additional permits to test new target areas located elsewhere within the very large and prospective Beartrack land package.

Amendment to Beartrack Agreement

On May 8th, 2019 Revival Gold executed an amendment to the terms of the four-year earn-in and related stock purchase agreement to acquire Beartrack (see Revival Gold press release dated September 17th, 2017 for details on the original Agreement).

Under the amendment, in exchange for an additional 0.25% NSR royalty payable to Yamana and capped at US$1 million (in addition to the 1.0% NSR already payable under the original Agreement), Yamana has agreed to reduce the required exploration spending commitment during the term of the Agreement from US$10 million to US$8 million and to eliminate Revival Gold’s obligation to fund Beartrack remediation costs until the fourth and final year of the Agreement.

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

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

Revival Gold has approximately 50 million shares outstanding as at April 17th, 2019.  Additional disclosure of the Company’s financial statements, technical reports, material change reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

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

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

Cautionary Statement

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

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

Figure 1 – Beartrack 2019 Drill Plan Map

Figure 2 – Arnett 2019 Drill Plan Map

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

Toronto, ON – April 4th, 2019 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, announces the close of its amended brokered private placement financing (the “Private Placement”). The Private Placement was announced March 13th, 2019 and consisted of the sale of 7,000,000 units of the Company (“Units”) at a price of $0.72 per Unit for gross proceeds of $5,040,000.  Each Unit consists of one common share of the Company (a “Share”) and one half of a Share purchase warrant (each a “Warrant”). Each whole Warrant is exercisable into one Share at a price of $0.90 per Share for 36 months following close of the Private Placement.

The Company intends to use the net proceeds from the Private Placement to fund on-going exploration and development at the Company’s core Beartrack and Arnett Gold projects and for general corporate purposes.

“Revival Gold is now funded to complete the next phase of exploration drilling and metallurgical test work as well as provide an updated resource estimate at the Beartrack-Arnett gold project over the course of the next 15 months”, said Hugh Agro, President & CEO. “The primary objective will be to grow near-surface oxide gold resources for which we can leverage existing heap leach infrastructure at Beartrack”.

Paradigm Capital Inc. and Medalist Capital Ltd. acted as co-lead agents on behalf of a syndicate of agents including PI Financial Corp. and Beacon Securities Limited (collectively, the “Agents”) to complete the Private Placement. A commission was paid to the Agents which included a cash payment of $248,397 and the issuance to the Agents of 367,080 agents’ warrants exercisable into Shares at $0.72 per Share for a period of 24 months following close of the Private Placement.

Additionally, in connection with the Private Placement, the Company paid cash finder’s fees of $17,280 to qualified finders.

In connection with the Private Placement, Hugh Agro, President, Chief Executive Officer and a Director of the Company, Carmelo Marelli, a Director of the Company and Orion Mine Finance (“Orion”) (collectively “Insiders”), have acquired 859,200 Units in the aggregate. This issuance of Units to Insiders is considered a “related party transaction” as such term is defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under MI 61-101 on the basis that the participation in the Private Placement by Insiders does not exceed 25% of the fair market value of the Company’s market capitalization.

Early Warning Report

As part of the Private Placement, Orion has acquired, through Orion Mine Finance II LP, a limited partnership managed by Orion Mine Finance Management II Limited, 700,000 Units at a price of $0.72 per Unit for an aggregate purchase price of $504,000, making its holdings in the Company 7,300,500 Shares (assuming the exercise in full of the Warrants). The issuance of 700,000 Units to Orion represents the acquisition of approximately 2.41% of the number of Shares issued and outstanding immediately prior to the closing of the Private Placement calculated on a partially-diluted basis (assuming the exercise in full of the 350,000 Warrants being issued to Orion in the Private Placement).  Immediately following the closing of the Private Placement, Orion will own approximately 14% of the total issued and outstanding Shares calculated on a partially diluted basis. Immediately prior to the Private Placement, Orion held 4,167,000 Shares and 2,083,500 Warrants, representing approximately 14% of the total issued and outstanding Shares calculated on a partially diluted basis (assuming the exercise in full of Orion’s Warrants).

The Units were acquired by Orion for investment purposes. Orion has no current plan or future intentions which relate to, or would result in, acquiring additional securities of Revival Gold, disposing of securities of Revival Gold, or any of the other actions requiring disclosure under the early warning reporting provisions of applicable securities laws. Depending on market conditions, Orion’s view of Revival Gold’s prospects and other factors considered relevant by Orion, Orion may acquire additional securities of Revival Gold from time to time in the future, in the open market or pursuant to privately negotiated transactions, or may sell all or a portion of its securities of Revival Gold. For the purposes of this notice, the address of Orion is Cumberland House, 7th Floor, 1 Victoria Street, Hamilton HM11, Bermuda.

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

Revival Gold currently has 49,515,258 Shares outstanding. The securities issued pursuant to the Private Placement are subject to a four month and one-day statutory hold period.

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

About Revival Gold Inc.

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

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

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:

Adam Rochacewich, VP and Chief Financial Officer
Andrea Totino, Investor Relations Manager
Telephone: (416) 366-4100
Email: info@revival-gold.com

Cautionary Statement

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

This News Release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s intentions regarding the use of proceeds of the private placement, objectives, goals or future plans and statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited failure to obtain final regulatory approval for the Private Placement, 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.

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

Toronto, ON – March 13, 2019 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, announces amended terms to the brokered private placement disclosed in a press release dated February 12, 2019.

Paradigm Capital Inc.and Medalist Capital Ltd. will act as co-lead agents on behalf of a syndicate of agents including PI Financial Corp. and Beacon Securities Limited to complete a brokered private placement of 7,000,000 units (each a “Unit”) at a price of C$0.72 per Unit for gross proceeds of C$5 million (the “Amended Private Placement”). Each Unit will consist of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant (each whole warrant a “Warrant”). Each Warrant will entitle the holder to acquire one Common Share for C$0.90 for a period of 3 years following the close of the offering.

The Amended Private Placement is expected to close on March 28, 2019 and is subject to regulatory approval.  All securities issued pursuant to the Amended Private Placement will have a hold period of four months and one day.

The Company intends to use the net proceeds from the Amended Private Placement to fund on-going exploration and development at the Company’s core Beartrack and Arnett Gold projects and for general corporate purposes.

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

About Revival Gold Inc.

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

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

Revival Gold has approximately 42 million shares outstanding. 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:

Adam Rochacewich, VP and Chief Financial Officer
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, completion of the Private Placement, use of proceeds of the offering, receipt of all regulatory approvals 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 the inability to complete the Private Placement on the terms as announced or at all, 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.

Toronto, ON – February 19, 2019 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, announces its participation in the following upcoming conferences:

• BMO 28th Global Metals & Mining Conference to be held in Hollywood, Florida from February 24-27, 2019 at The Diplomat Resort.
• PDAC 2019 to be held in Toronto, Ontario from March 3-6, 2019 at The Metro Toronto Convention Centre. Revival Gold will be in booth IE2632. A corporate presentation will be given on March 4, 2019 at 3:30pm in the Gold Exploration Session 1 in Room 802, MTCC South Building.

Interested parties that wish to schedule a meeting, or who would like more information regarding the conferences and events noted above, please contact Andrea Totino, Investor Relations Manager at (416) 366-4100, or email 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 Gold also owns rights to a 100% interest in the neighboring Arnett Gold Project.

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

Revival Gold has approximately 42 million shares outstanding and had a working capital balance of approximately $0.5 million as at December 31, 2018. Additional disclosure, including 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:
Adam Rochacewich, VP and CFO
Andrea Totino, Investor Relations Manager
Telephone: (416) 366-4100
Email: info@revival-gold.com