Revival Gold Inc. (TSX-V: RVG) (OTCQX: RVLGF) is pleased to provide first results and an update on this year’s drilling program at the Company’s Mercur Gold Project located in Utah, U.S.A.

Highlights

• Revival Gold has completed 7,400 meters in 74 holes of this year’s planned 18,000-meter drilling program.
• Results have been received for the first thirteen reverse circulation drill holes (RM26-182, 183, 184, 186, 187, 188, 189, 190, 194, 195, 196, 197 and 204) located in the South Mercur and Main Mercur areas (see Figures 1 and 2) and include:
  • 1.65 grams per tonne gold over 30.5 meters width¹ at 128 meters downhole in RM26-204
  • 0.92 g/t gold over 30.5 meters width¹ at 145 meters downhole in RM26-183

Note: ¹True width for all holes is estimated to be 65-100% of drilled width.

• Results at South Mercur indicate that the zones of potentially leachable material extend below the planned open pit contemplated in the Mercur Preliminary Economic Assessment (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 2^nd, 2025).
• Drilling is ongoing with two RC rigs at Main Mercur focused on mineral resource conversion, expansion and engineering design. Two additional rigs are expected to arrive later this summer.

“Revival Gold is now more than a third of the way through this year’s planned drilling program at Mercur. Results in the South Mercur area are revealing some of the Project’s highest grades and point to potential expansion opportunities in heap leachable material beyond the PEA open pit,” said Hugh Agro, President & CEO.

“Meanwhile, we continue to build on-site facilities, roadworks and staffing as our Mercur team ramps up to double the number of rigs drilling to four later this summer,” added Agro.

Approximately 8,500 meters of infill RC drilling is planned for Mercur this year to convert Inferred Mineral Resources to the Measured & Indicated categories in support of a Preliminary Feasibility Study targeted for completion by the end of Q1-2027.

An additional 2,500 meters of RC drilling, 1,200 meters of core drilling and 600 meters of auger drilling are planned for Mercur to pursue resource expansion opportunities. Geotechnical, hydrological, and condemnation drilling are expected to make up an additional 5,200 meters of RC, core and auger drilling.

Figures 1 and 2 describes drill hole locations. Detailed drill results are presented in Table 1.

Figure 1: South Mercur Drill Plan Map

 Figure 2: Main Mercur Drill Plan Map

Table 1: Detailed Drill Results

Notes:

¹ True width for all holes is estimated to be 60-95% of drilled width. Numbers may not add up due to rounding.
² 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.
³ Mineralized intercepts are calculated based on a 0.17 g/t cutoff grade allowing up to two intervals of internal dilution.
⁴ No recovery and non-assayed intervals are assigned a 0 value for intercept calculation.

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 by fire assay and Atomic Absorption Spectroscopy (AAS) on a 30-gram nominal sample weight (Au-AA23). 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 U.S. exploration and development office located in Salmon, Idaho.