Revival Gold Inc. (TSX-V: RVG) (OTCQX: RVLGF)  is pleased to announce that it has closed a non-brokered private placement for total gross proceeds of C$3,680,000 as previously announced on February 19^th, 2025. The Placement consisted of the issuance of 11,500,000 units of the Company at a price of C$0.32 per Unit, which includes the exercise of the entire 15% upsize option.

Dundee Corporation (TSX: DC.A) through its wholly owned subsidiary, Dundee Resources Limited, acquired 10,000,000 Units for gross proceeds of C$3,200,000. Dundee is a TSX-listed mineral exploration and development investment corporation. Revival Gold has granted Dundee a first right of refusal to maintain its equity ownership interest in the Company through the right to participate in equity financings for a term of six months following the close of the Placement.

Each Unit consists of one common share of the Company and one-half of one common share purchase warrant. Each Warrant entitles the holder thereof to acquire one Common Share of the Company at an exercise price of C$0.45 per Warrant Share for a period of twenty-four (24) months from the date of issuance.

Proceeds from the Placement are expected to be used to advance Revival Gold’s ongoing project development activities and for general working capital and corporate purposes. All securities issued under the Placement are subject to a statutory four month and one-day hold period. In connection with the Placement, the Company paid an aggregate of C$175,000 in advisory fees to Paradigm Capital Inc., BMO Capital Markets and Beacon Securities Limited. The Placement is subject to the final approval of the TSX Venture Exchange.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.

About Revival Gold

Revival Gold is one of the largest, pure gold, mine developers in the United States. The Company is advancing engineering and economic studies on 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.

About Dundee Corporation

Dundee Corporation is a public Canadian independent holding company, listed on the Toronto Stock Exchange under the symbol “DC.A”. Through its operating subsidiaries, Dundee Corporation is an active investor focused on delivering long-term, sustainable value as a trusted partner in the mining sector with more than 30 years of experience making accretive mining investments.