TSX.V: RVG

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TSX.V: RVG

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Revival Gold Advances Mercur With A View To Be Utah’s Next New Operating Gold Mine

Marvin Del Rosario on May 14, 2026

Toronto, ON – May 14th, 2026 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) is pleased to provide an update on development at the Company’s Mercur Gold Project (“Mercur” or the “Project”) in Utah.

Highlights

  • The Mercur site team, under the leadership of General Manager Tim Barnett, is scaling up with eight staff members now driving this year’s exploration, resource delineation, geotechnical, and hydrogeological drilling activities.
  • This year’s metallurgical program comprised of twenty column leach tests to support the Preliminary Feasibility Study (“PFS”) is in progress with Kappes Cassiday & Associates (“KCA”) in Reno, Nevada, with initial results expected in mid-2026.
  • Environmental baseline data collection, a key input to the permitting process, is on-going under the direction of Revival Gold’s lead environmental consultant, Stantec. Focus areas include wildlife, vegetation, soils, aquatic life, hydrogeology, cultural resources, air, and geochemistry.
  • Mineral resource modeling and engineering design studies are underway with the Company’s key technical consultants including RESPEC, WSP, and KCA.
  • A legacy water well, previously used for Mercur milling operations, was surveyed and sampled. The pump was replaced and a step draw-down pumping test to expected mine operating requirements was successfully performed.
  • This year’s previously announced 16,000-meter drilling program in support of the PFS is now approximately 15% complete with two reverse circulation rigs drilling.
  • The Mercur site office is being upgraded to support the Company’s growing team.
  • Overall, the Mercur heap leach PFS remains on track for end of Q1 2027 release with completion of mine permitting expected by year-end 2027.

“Revival Gold’s Board of Directors visited Mercur last month to meet the site team and witness firsthand the exciting progress that has already been made this year.  Momentum continues to build with the recent hiring of additional key site staff and funding is in place to advance Mercur to a construction decision”, said Hugh Agro, President & CEO. “2026 and 2027 will be packed with activity at Mercur as we work to deliver the next new potential operating gold mine in Utah, the Beehive State”, added Agro.

Further to the Company’s April 28, 2026, press release in which the Company announced, among other things, it had engaged Equity Catalyst Partners, LLC (“ECP”) to provide the Company certain investor relations and marketing services, the Company wishes to clarify the payment schedule of the engagement. The Company will pay ECP US$7,500 per month for the term of ECP’s six-month engagement. This corrects the prior disclosure which provided that the Company would receive US$45,000 upfront fee for ECP’s services.

Qualified Persons

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

About Revival Gold Inc.

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

For further information, please contact:

Hugh Agro, President & CEO

Scott Trebilcock, VP Corporate Development & IR

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

Cautionary Statement

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

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

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

Revival Gold Announces Closing of $33 Million Brokered Private Placement

Lisa on May 6, 2026

NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION ON ANY U.S. NEWSWIRE SERVICES.

Toronto, ON – May 6th, 2026 – Revival Gold Inc. (TSXV: RVG) (“Revival Gold” or the “Company”) is pleased to announce that it has closed its previously announced brokered private placement for total gross proceeds of $33,001,250 (the “Offering”). The Offering consisted of the issuance of an aggregate of 38,825,000 common shares of the Company (each, a “Common Share”) at a price of C$0.85 per Common Share, such aggregate amount being inclusive of the exercise in full of the option granted to the Agents. The Offering was led by Paradigm Capital Inc. as lead agent and sole bookrunner, on behalf of a syndicate of agents which included BMO Capital Markets Inc., Beacon Securities Limited, Velocity Trade Capital Inc., and Canaccord Genuity Corp. (collectively, the “Agents”).

“There was strong demand from current and new shareholders, including strategic shareholder EMR Capital Management, demonstrating the unique value proposition of Revival Gold.  Revival Gold is now funded to advance the Mercur gold project to a potential construction decision in less than two years.  Drills are turning and work is ongoing to complete the Mercur Preliminary Feasibility Study as planned for release in Q1 2027”, said Hugh Agro, President & CEO. 

Mr. Agro continued, “The financing will also fuel drilling at Revival Gold’s Beartrack-Arnett gold project in Idaho, where two rigs continue to turn targeting expansion of the high-grade Joss area.  Our team is growing and we are excited to strive to deliver on our vision of reviving domestic U.S. gold producers.” 

The Company intends to use the net proceeds from the Offering to advance Revival Gold’s ongoing exploration and development of its Mercur and Beartrack-Arnett projects and for general working capital and corporate purposes. 

12,700,600 Common Shares issued under the Offering were sold to purchasers resident in certain Provinces of Canada pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (together, the “Listed Issuer Financing Exemption”). The remaining 26,124,400 Common Shares issued under the Offering were sold to purchasers outside of Canada pursuant to applicable regulatory requirements and in accordance with OSC Rule 72-503 – Distributions Outside Canada (“OSC Rule 72-503”). The Common Shares are immediately tradeable under applicable Canadian securities legislation. 

There is an offering document (the “Offering Document”) related to the portion of the Offering conducted under the Listed Issuer Financing Exemption that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at: www.revival-gold.com. As consideration for their services, at the closing of the Offering, the Agents received a cash commission of $1,980,075. 

EMR Capital Management Limited (“EMR”), an insider of the Company, acquired 9,412,000 Common Shares  under the Offering (the “Acquisition”), thereby increasing its ownership of the Common Shares from 11.7% to 13.2% of the Common Shares. The Acquisition constitutes a “related party transaction” as defined under the policies of the TSXV Venture Exchange and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company relied on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as the fair market value of the Acquisition does not exceed 25 percent of the Company’s market capitalization. The Company did not file a material change report related to the Acquisition more than 21 days before the expected closing of the Acquisition as required by MI 61-101, as the particulars of the Offering and EMR’s participation therein were not certain at that time. The Offering was approved by the members of the board of directors of the Company who are independent for purposes of the related party transaction. 

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 securities laws, and may not be offered or sold in the “United States” or to “U.S. persons” (as such terms are defined in Regulation 6 under the U.S. Securities’ Act) absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or in compliance with an exemption therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. 

About Revival Gold Inc. 

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

For further information, please contact:

Scott Trebilcock, VP, Corporate Development & Investor Relations

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

Cautionary Statement

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

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to: statements with respect to the Offering, that the transaction funds Revival Gold to advance the Mercur gold project to a potential construction decision and the timing thereof, the potential completion of the PFS and the timing thereof, that the Company will strive to deliver on its vision of reviving domestic U.S. gold producers, the intended use of proceeds of the Offering, and that the Common Shares issued under Offering are not expected to be subject to any hold period under Canadian securities laws. 

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

Revival Gold Kicks Off 16,000-Meter Drill Program At Mercur Gold Project In Utah

kai erfle on April 28, 2026

Toronto, ON – April 28th, 2026 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) is pleased to announce the mobilization of rigs for the 2026 drilling program at the Company’s Mercur Gold Project (“Mercur” or the “Project”) in Utah.

Highlights

  • 2026 Mercur drill program is planned for 16,000 meters of reverse circulation (“RC”), core and auger drilling
  • Building on successful 2025 drilling, the 2026 Mercur drilling campaign is targeting:
    • Completion of infill drilling to support a pre-feasibility study (“PFS”) for release in Q1 2027;
    • Follow-up on resource extension targets at Main Mercur and high-grade intercepts at South Mercur;
    • Geotechnical, hydrogeological and condemnation drilling in support of PFS engineering; and,
    • Auger drilling to test Mercur’s historical heap leach pads for potential future inclusion in Revival Gold’s mine plans.
  • Two RC rigs have mobilized to site with the first hole collared and advancing.

“Revival Gold drilled 115 holes for a total of almost 12,000 meters at Mercur in 2025. During the 2025 program the Company intercepted mineralization in multiple locations outside the current resource area”, said Hugh Agro, President & CEO.

Mr. Agro continued, “Revival Gold shares responded favourably to results from the Company’s 2025 program enabling our recently announced C$30 million financing. With this shareholder support we embark on a 16,000-meter 2026 drilling program of infill and exploration drilling and to complete engineering data collection in support of a PFS planned for release in Q1 2027”.

Marketing Services Agreements

The Company would also like to announce that it has engaged the services of High Tide Consulting Corp. (“High Tide”) to to provide corporate communications, investor relations and strategic marketing services. High Tide is expected to heighten capital market awareness and understanding of the Company and to assist with managing investor communications and expectations, through various outreach and marketing programs. The Company and High Tide have entered into an independent contractor’s agreement dated April 24, 2026 (the “Contractor’s Agreement”) where High Tide will receive a cash fee of C$5,000 plus applicable taxes per month. The Contractor’s Agreement is for an initial term of three months, is renewable by the Company and may be terminated by either party on at least 30 days written notice. High Tide is a company based in British Columbia, Canada, and offers a full suite of investor relations and communications services for public and private companies. High Tide is an arm’s length party to the Company.

In addition, the Company has engaged Equity Catalyst Partners, LLC (“ECP”), an arm’s-length service provider, to provide the Company certain investor relations and marketing services, in accordance with the policies of the TSX Venture Exchange and applicable securities laws. Based in Washington, DC, USA, ECP specializes in media and investor relations services, within the natural resource sector. Under a consulting agreement dated April 24, 2026 (the “Consulting Agreement”), ECP will provide media relations, investor communication and market awareness services to the Company for a six-month term for a one-time fee of US$45,000, payable at the commencement of services. The Company will not issue any securities to ECP as compensation for its services.

As of the date hereof, to the Company’s knowledge, neither High Tide nor ECP (including their respective directors and officers) own any securities of the Company. The Contractor’s Agreement and Consulting Agreement are subject to TSX Venture Exchange approval.

Qualified Persons

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

About Revival Gold Inc.

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

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

Cautionary Statement

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

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to: the plan to drill 16,000 meters at Mercur, statements with respect to the Company’s exploration potential, exploration, metallurgy, permitting and development activities, the goals and expected outcomes of the planned drilling and development program at Mercur, the prospectivity of any areas of Mercur and the expectation that the Company will commence a new drill program, the announced financing and plans to complete a pre-feasibility at Mercur.

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

Revival Gold Announces C$30 Million Capital Raise

kai erfle on April 21, 2026

Toronto, ON – April 21st , 2026 – Revival Gold Inc. (TSXV: RVG) (“Revival Gold” or the “Company”) is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. (the “Lead Agent” or “Paradigm”) pursuant to which Paradigm will act as lead agent and sole bookrunner, on behalf of a syndicate of agents (collectively, the “Agents”) in connection with a “best efforts” private placement (the “Marketed Offering”) for the sale of up to 35,295,000 common shares of the Company (each, a “Common Share”) at a price of C$0.85 per Common Share (the “Offering Price”) for gross proceeds of up to C$30,000,750.

The Company has granted the Agents an option, exercisable in full or in part up to 48 hours prior to the closing of the Marketed Offering, to sell up to an additional 3,530,000 Common Shares at the Offering Price for additional gross proceeds of up to C$3,000,500 (the “Agents’ Option”). The Marketed Offering and the securities issuable upon exercise of the Agents’ Option shall be collectively referred to as the “Offering”.

The net proceeds from Offering will be used to advance Revival Gold’s ongoing exploration and development of its Mercur and Beartrack-Arnett projects and for general working capital and corporate purposes, as further detailed in the Offering Document (as defined herein).

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”) the Common Shares will be offered for sale to purchasers resident in the provinces of Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the “Listed Issuer Financing Exemption”). The Common Shares are expected to be immediately freely tradeable under applicable Canadian securities legislation. The Common Shares sold under the Offering may also be issued to purchasers outside of Canada, including the United States and certain offshore foreign jurisdictions, pursuant to applicable regulatory requirements and in accordance with OSC Rule 72-503 – Distributions Outside Canada (“OSC Rule 72-503”).

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

The Offering is scheduled to close on May 6, 2026 or such other date as the Company and the Agents may agree (the “Closing Date”). Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange (the “TSXV”).  The Agents shall receive a cash commission equal to 6.0% of the gross proceeds of the Offering.

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 securities laws, and may not be offered or sold in the United States absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or in compliance with an exemption therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Revival Gold Inc.

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

For further information, please contact:

Scott Trebilcock, VP, Corporate Development & Investor Relations

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

 Cautionary Statement

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

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to: statements with respect to the Offering, including the size thereof, the expected timing to complete the Offering, the ability to complete the Offering on the terms provided herein or at all, the receipt of all necessary approvals, the intended use of proceeds of the Offering, and that the Common Shares issued under the Listed Issuer Financing Exemption are not expected to be subject to any hold period under Canadian securities laws.

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

Revival Gold Expands Drilling Program After Intersecting 6.4 g/T Gold Over 19 Meters at Beartrack-Arnett

kai erfle on April 20, 2026

Toronto, ON – April 20th, 2026 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) is pleased to provide initial drill results from the Joss area at the Company’s Beartrack-Arnett Project (“Beartrack-Arnett” or the “Project”) located in Idaho.

Highlights

  • Hole BT26-252D intercepted high-grades in a 100-meter step-out to the south with:
    • 5.4 g/T gold over 32.6 meters drilled width at 568 meters downhole; including
      • 6.4 g/T gold over 19.1 meters drilled width at 573 meters downhole; and
      • 8.0 g/T gold over 4.3 meters drilled width at 596 meters downhole.
  • Two other completed holes, BT26-251DA and BT26-253D, are also confirmed to have intercepted the target shear zone. Assay results are pending.
  • Drilling targeted the expansion of the high-grade underground Mineral Resources in the Joss area, last drilled in 2022.
  • On these results, Revival Gold has extended the drilling program to 4,900 meters of planned core drilling with two rigs turning.  Additional extensions are being considered.

“The underground target at Beartrack-Arnett is shaping up to be one of the most promising gold exploration opportunities in the United States. Already a Top 10 new discovery this decade1, step-out holes in the current drilling program at Joss have extended the mineralized zone and highlight the impressive scale of this deposit over 1.2 km of known strike and 700 meters of vertical elevation to-date”, said Hugh Agro, President & CEO.
Mr. Agro continued, “The near vertical dip, together with true widths of 12-16 meters in the mineralized zone in BT26-252D, present the possibility for lower cost underground mining techniques. Adding an underground study to the Beartrack-Arnett open pit heap leach restart project would create a third phase of development for Revival Gold and move the company closer to our target of 300,000 gold ounces per year of gold production from our current assets”.

Source: 1S&P Capital IQ Pro. Discovery is defined as an increase of Resources & Reserves (gold only), starting from no resource in 2010 to today. Developed by Fuse Advisors Inc.

About Joss Target Area

The Beartrack-Arnett gold project is a structurally controlled orogenic gold deposit running north-south on the Panther Creek Shear Zone (“PCSZ”). In the Joss area, the project hosts an underground Inferred Mineral Resource of 6,745,000 tonnes grading 4.05 grams gold per tonne for 877,000 ounces of gold that is not included in the 2023 first phase open pit, heap leach PFS economics (see “Preliminary Feasibility Study NI 43-101 Technical Report on the Beartrack-Arnett Heap Leach Project, Lemhi County, Idaho, USA” prepared by Kappes, Cassidy & Associates, IMC, KCH and WSP dated August 2nd, 2023, for further details).

Detailed Results

BT26-252D was the first hole to reach the PCSZ in this year’s drill program. BT26-252D shows the robust continuity of the system having intercepted mineralization 100 meters south of previously released BT22-241D. The hole was only sampled and assayed within the 46.8-meter zone on the strongest alteration spanning the shear zone. Additional zones of alteration and veining exist above the intercept, which have not been assayed and are not included in this release.

Table 1: Detailed Partial Drill Results

Note: The true thickness of the intercepts is estimated at 40-50% of the drilled width. BT26-252D was only sampled and assayed within the 46.8 meter zone on strongest alteration spanning the shear zone.
Additional zones of alteration and veining exist above the intercept, which have not been fully evaluated.

Two additional completed holes, BT26-251DA and BT26-253D, have also intercepted the PCSZ with assays pending. BT26-251DA intercepted the shear zone approximately 85 meters below historic BT22-241D. BT26-253D intercepted the shear zone approximately 80 meters south of BT25-252D, the hole released today. Intercepting the shear zone does not necessarily indicate the presence or abundance of gold mineralization within the structure.

Figure 1 provides a plan view of the Joss target area and geology. Drilling is ongoing, with two additional holes in progress. Approximate target shear zone pierce points are shown in Figure 2.

Figure 1: Beartrack-Arnett Drill Plan Map

Figure 2: Long Section – South Pit to Joss Area (Looking West)

QA/QC Program

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

Gold assays are determined on half sawn PQ and HQ core by fire assay and Atomic Absorption Spectroscopy (AAS) on a 30-gram nominal sample weight (Au-AA23).

Qualified Persons

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

About Revival Gold Inc.

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

For further information, please contact:

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

Cautionary Statement

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

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to: statements with respect to the Company’s exploration program size or potential additions, potential expansion of the high-grade underground Mineral Resources in the Joss area, the promising gold exploration opportunity at Beartrack-Arnett, true widths of the mineralized zone, possibility for lower cost underground mining, potential to add an underground study, the target of 300,000 gold ounces per year from current assets, permitting and development activities, the goals and expected outcomes of the planned drilling at Beartrack-Arnett, the prospectivity of any areas at Beartrack-Arnett and the expectation that the Company will continue a drill program, and proceed with the development at Mercur.

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

Revival Gold Drills 2.8 g/T Gold Over 74 Meters Including 8.0 g/T Over 12 Meters At The Mercur Gold Project In Utah

Marvin Del Rosario on April 7, 2026

Toronto, ON – April 7th, 2026 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) is pleased to provide final results from the 2025 drilling program at the Company’s Mercur Gold Project (“Mercur” or the “Project”) located in Utah.

Highlights

  • Highlight intercepts at South Mercur include:
    • 2.8 g/T gold over 74 meters width at 91 meters downhole in RMC25-031; including
      • 8.0 g/T gold over 12 meters width at 130 meters downhole;
    • 1.1 g/T gold over 84 meters width at 14 meters downhole in RMC25-032; and
    • 1.0 g/T gold over 82 meters width at 13 meters downhole in RMC25-033.
  • High grade intercept in RMC25-031 is one of three known ore shoots at South Mercur that are prospective for future exploration at depth.
  • Encountered mineralized waste rock from historical in pit backfill not in the current resources:
    • 0.5 g/T gold over 38 meters width starting at surface in RM25-171; and
    • 0.4 g/T gold over 17 meters width starting at surface in RM25-172.
  • Revival Gold continues to encounter high grades at South Mercur which further highlights the exploration potential of Mercur.

“Carlin style gold systems, like Revival Gold’s Mercur, are known to generate high-grade ore shoots that have driven huge amounts of value for the major gold producers in Nevada.  As demonstrated with today’s 8 g/T gold over 12 meters intercept, Revival Gold is seeing intact high grades zones at South Mercur.  The shoots not only benefit our current heap leach project but provide an exciting exploration opportunity on Mercur’s large 7,200-hectare property”, said Hugh Agro, President & CEO.

Mr. Agro continued, “These are the final results from 2025.  The Company plans to resume drilling at Mercur later this month and the drills continue to turn at Beartrack-Arnett in Idaho targeting high-grade underground material at Joss.  2026 should be a big year for Revival Gold”.

Mercur Drilling Details

The 2025 drilling program at Mercur finished in December with 115 RC and core holes completed.  With the final 11 drill holes herein, all results have now been released.  Figure 1 describes the drill hole locations and intercepts.  Table 1 presents the full results.

Carlin-style gold deposits are known for hosting high-grade shoots where ore-controlling structures intersect favorable stratigraphic horizons.  Historical underground mining at Mercur exploited such shoots in the late 1800’s and early 1900’s.  Although most of Revival Gold’s 2025 drilling program targeted low grade disseminated mineralization around historical pits, the Company’s results from South Mercur underscore the strength of the Mercur gold system and the potential to discover additional high-grade shoots on the project. 

The 2025 core holes were primarily drilled for metallurgical sampling, but some were extended below the 2025 PEA design pits to test the interpreted structural controls of the system. The 8.04 g/T intercept in RMC25-031 is located just below the design pit and confirms the location of one of these key structures which is an example of the high-grade exploration potential at depth that exists within the 7,200-hectare Mercur project.

Data collected from drilling in 2025 and 2026 will support the Company’s planned Pre-Feasibility Study targeted for release in Q1 2027, a major milestone on the path to restarting gold production at Mercur.  Revival Gold is currently mobilizing to re-start exploration and engineering drilling at Mercur later this month with a planned program totalling 16,000 meters.

Figure 1: Mercur Drill Plan Map April 7th, 2026

Table 1: Detailed Drill Results April 7th, 2026

1 True width for all holes is estimated to be 60-85% of drilled width. Estimated true widths are based on the average orientation of the grade domains utilized in the 2025 PEA.  RMC25-031, RMC25-032, and RMC25-033 were drilled within interpreted structural feeder zones for mineralization and may have limited lateral extent along stratigraphy Numbers may not add up due to rounding.
2 Mineralized intercepts calculated based on a 0.17 g/t cutoff grade allowing up to 2 intervals of internal dilution.
3 AuCN/AuFA is the ratio of cyanide soluble gold assay to total gold in fire assay and provides an indication of potential heap leach recoverability for the material sampled.
4 No recovery and non-assayed intervals are assigned a 0 value for intercept calculation.
5 A standard in this hole fell outside of 3 standard deviations for Au-AA13 cyanide soluble assays.  The AuFA/AuCN Ratio is preliminary and may change upon receipt of cyanide soluble re-assays.

QA/QC Program

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

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

Qualified Persons 

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

About Revival Gold Inc.

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

For further information, please contact:

Scott Trebilcock, VP, Corporate Development & Investor Relations

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

Cautionary Statement

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

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

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

Revival Gold Consolidates Mercur Gold Project Paving The Way For Redevelopment

Marvin Del Rosario on April 2, 2026

Toronto, ON – April 2nd, 2026 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”), is pleased to announce that it has closed the previously announced acquisition of Mercur Mines LLC, formerly known as Barrick Resources (USA) Inc. (“Barrick”), the owner of certain mineral and surface interests in the Mercur Gold Project (“Mercur”) in Utah (the “Acquisition”).

The Acquisition covers approximately 996 hectares, bringing the total Mercur project area to approximately 7,200 hectares.  Revival Gold and its affiliates had previously consolidated ground held by a successor to Homestake Mining Company and various other owners.  For further information on the Acquisition see Revival Gold’s news release dated December 22nd, 2025.

“Revival Gold is now in the enviable position of controlling a large past-producing Carlin-style gold system – a great exploration opportunity and a rarity outside the Nevada gold majors”, said Hugh Agro, President & CEO.  “With economics benefiting from roads, power to site and the extensive technical information acquired over the years by Barrick, Mercur has the potential to be a transformational asset for Revival Gold’s shareholders.”

Mr. Agro continued, “Revival Gold’s discussions with State, County and Municipal officials have been constructive, and we are humbled by the welcome in Utah.  Barrick operated to high standards of environmental and community stewardship at Mercur and Revival Gold is committed to upholding those same high standards as we take Mercur into the future.”

Revival Gold released a robust, low capital intensity Preliminary Economic Assessment (“PEA”) for Mercur in March 20251. The Company followed up the PEA with a 115-hole drilling program in 2025. Assay results for the remaining eight holes from this program are expected shortly.  Sixteen kilometers of additional drilling, metallurgical test work, and the collection of all required baseline data are planned for this year with a Pre-Feasibility Study (“PFS”) expected to be released in Q1 2027.

Revival Gold anticipates a two-year timeline to re-permit Mercur with potential mine construction forecast to begin in 2028 and first gold production expected in 2029.  Based on the PEA, the project is projected to be Utah’s largest gold producer2 and, at current gold prices, contribute over US$4 billion to the Utah state economy, creating an estimated 400 direct jobs during construction and 300 direct jobs over 10 years of operation.1

Notes:  1See the technical report entitled “NI 43-101 Technical Report – Preliminary Economic Assessment for the Mercur Gold Project, Camp Floyd and Ophir Mining District, Tooele and Utah Counties, Utah, USA,” prepared by Kappes, Cassiday & Associates, and RESPEC Company LLC, with an effective date of March 25, 2025. 2Utah Mining 2023, Utah Geological Survey.

The Acquisition was made pursuant to a membership interest purchase agreement (the “MIPA”) with Barrick Gold Exploration Inc. (“Barrick Gold”), a wholly owned subsidiary of Barrick Mining Corporation, pursuant to which Revival Gold and its affiliates acquired Barrick Resources (USA) Inc., that holds the mineral and surface interests in Mercur. On closing of the Acquisition, Revival Gold paid Barrick Gold US$5 million and must pay Barrick Gold an additional US$5 million in cash on each of the first, second and third anniversaries of commercial production.

In addition, Revival Gold granted Barrick Gold a 2% net smelter return royalty over the acquired mineral interests (the “Mining Claims”) and a 1% net smelter return royalty on all mineral properties of which Revival Gold has an interest within 1 kilometre of the Mining Claims (“Barrick Area of Interest”). In connection with the Acquisition, Revival Gold assumed environmental surety bonding obligations with respect to the Mining Claims in the amount of US$4,515,000.

Qualified Persons

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

About Revival Gold

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

For further information, please contact:

Scott Trebilcock, VP, Corporate Development & Investor Relations

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

Cautionary Statement

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

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to:  that Mercur has the potential to be a transformation asset for Revival Gold’s shareholders, the permitting and mine construction timeline for Mercur, the timing of gold production, statements regarding the results of the PEA on Mercur, such as future estimates of internal rates of return, net present value, future production, revenues and contribution to State, construction and production employment estimates, estimates of mine life estimates, cash flow forecasts, metal recoveries, estimates of capital and operating costs, timing for permitting, intentions to complete pre-feasibility studies and the timing of phased development of Mercur; timing estimates for assay results, Mercur project permitting and production; the views of State, County and municipal regulators.

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

Revival Gold Targets Underground Resource Growth With Drilling At Beartrack-Arnett Gold Project In Idaho

Marvin Del Rosario on March 17, 2026

Toronto, ON – March 17, 2026 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) is pleased to provide an update on ongoing exploration drilling at the Beartrack-Arnett Gold Project (“Beartrack-Arnett” or the “Project”) located in Idaho, U.S.A.

Highlights

  • 2,300 meters of core drilling completed to-date of a planned 3,900-meter winter program at Beartrack-Arnett that commenced in October 2025.
  • At Sharkey, a two-kilometer step-out target from Joss under cover, drill hole BT25-247D intercepted alteration and shearing near the bedrock contact; however, multi-element geochemical analysis showed no significant results.
  • Beartrack-Arnett’s Panther Creek Shear Zone (“PCSZ”) structure remains untested for several kilometers to the south of Joss and continues to be a high priority for future exploration.
  • Meanwhile, Revival Gold’s focus has shifted back to Joss with two rigs turning, targeting the potential expansion of the high-grade underground Mineral Resources in this area, last drilled in 2022. Status as follows:
    • First hole, BT26-252D, is complete having successfully intersected the target PCSZ;
    • Second hole, BT26-251D-A, is nearing the target PCSZ, drilling continues; and
    • Additional holes are planned to target resource extensions over a strike of about 500 meters and to a depth of about 550 meters.
  • The first phase, open pit heap leach Preliminary Feasibility Study (“PFS”) at Beartrack-Arnett and the resulting Net Asset Value estimate excludes underground Mineral Resources. The current drill program at Joss is planned to evaluate the potential for a subsequent underground phase of operation at Beartrack-Arnett.

“Exploration drilling at Beartrack-Arnett is targeting potential expansion of the project’s current underground Mineral Resource of almost one million ounces of gold.  After a slow start to the program, two rigs are on site and rapidly advancing.  We completed three shallow holes at Sharkey last year and one deep hole to-date this year at Joss. We are pleased to have intersected the favorable PCSZ rocks and look forward to providing further updates as results become available”, said Hugh Agro, President & CEO.

The Beartrack-Arnett gold project is a structurally controlled orogenic gold deposit running north-south on the PCSZ.  The project hosts an underground Inferred Mineral Resource of 6,745,000 tonnes grading 4.05 grams gold per tonne for 877,000 ounces of gold that is not included in the 2023 first phase open pit, heap leach PFS.  See “Preliminary Feasibility Study NI 43-101 Technical Report on the Beartrack-Arnett Heap Leach Project, Lemhi County, Idaho, USA” prepared by Kappes, Cassidy & Associates, IMC, KCH and WSP dated August 2nd, 2023, for further details.

Current Joss area drilling targets are depicted on Figure 1.  The first hole at Joss encountered ductile deformation textures and alteration that are consistent with the PCSZ structure. Alteration does not necessarily correlate with the presence or abundance of gold mineralization within the structure.

The Sharkey target is a two-kilometer step-out to the south to extend the PCSZ structure.  The Sharkey target is defined by a geophysics (resistivity) anomaly that may map the PSCZ structural corridor under post-mineral cover.  The target stratigraphy was intercepted in hole BT25-247D.  The intercept was highly fractured and contained small vein selvages with sericitic alteration typically seen in other areas associated with the PCSZ, however, there were no geochemical anomalies in the samples from the intercept.

Extensions of the PCSZ from the Joss area to the south at Sharkey remain open for new discoveries and are a high priority future drilling.

Figure 1: Joss Area High-Grade Resource Expansion Targets

Long Section – South Pit to Joss Area (Looking West)

Qualified Persons

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

About Revival Gold Inc.

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

For further information, please contact:

Scott Trebilcock, VP, Corporate Development & Investor Relations

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

Cautionary Statement

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

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

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

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

Marvin Del Rosario on March 4, 2026

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

Highlights

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

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

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

Mercur Drilling Details

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

Figure 1: Mercur Drill Plan Map March 4, 2026

Table 1: Detailed Drill Results

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

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

QA/QC Program

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

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

Qualified Persons

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

About Revival Gold Inc.

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

For further information, please contact:

Scott Trebilcock, VP, Corporate Development & Investor Relations

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

Cautionary Statement

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

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

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

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

Marvin Del Rosario on February 23, 2026

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

Outlook Highlights

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

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

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

2026 Mercur Details

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

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

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

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

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

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

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

2026 Beartrack-Arnett Details

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

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

Qualified Persons

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

About Revival Gold Inc.

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

For further information, please contact:

Scott Trebilcock, VP, Corporate Development & Investor Relations

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

Cautionary Statement

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

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

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