Revival Gold Inc. (TSX-V: RVG) (OTCQX: RVLGF)  is pleased to provide an update on the ongoing drilling program at the Company’s Mercur Gold Project in Utah and the Beartrack-Arnett Gold Project in Idaho.

Highlights

• Mobilized a new core rig to Beartrack-Arnett bringing the total number of rigs drilling on the Company’s projects to four.
• At Mercur, received assay results from 16 additional drill holes with the following highlight intersections:
  • 0.77 g/t gold over 38.1 meters width in RM25-093
  • 3.93 g/t gold over 3 meters and 0.78 g/t gold over 70.1 meters width in RM25-099
  • 3.02 g/t gold over 21.1 meters width in RMC25-011
• Revival Gold has completed 70 holes, and 7,500 meters of this year’s planned 13,000-meter program at Mercur
• Drilling is now underway at both Mercur and Beartrack-Arnett. Additional results are pending.

“Revival Gold’s Mercur – a shallow open pit heap leach gold project – continues to see long intercepts of excellent grade”, said Hugh Agro, President & CEO. “We are 55% through the program and are excited about the pending results. This year’s drilling is in support of a planned 2026 pre-feasibility study, the next step on the path to restarting production at Mercur.”

Mr. Agro continued, “We are also pleased to see a fourth rig arriving at Beartrack-Arnett in Idaho where Revival Gold is targeting new high-grade areas to expand our already large resource base at the project. The new rig is turning, and we expect to see initial results in December.”

Beartrack-Arnett Details

At Beartrack-Arnett, drilling commenced October 12^th on a planned 3,900-meter core program to test and expand on the high-grade underground potential at the new Sharkey target area and at Joss. Drilling at Joss is targeted to follow up on Revival Gold’s 2021 and 2022 programs which intersected:

• 3.49 g/t over 115.4 meters including 10.12 g/t gold over 11.4 meters in BT22-242D
• 4.34 g/t over 110.6 meters including 12 g/t gold over 13.7 meters and 8.8 g/t gold over 11.8 meters in BT21-240D

See press releases dated December 2^nd, 2021, and September 22^nd, 2022, for details on past drilling at Joss.

Mercur Details

The program at Mercur commenced on July 12^th and is planned for 13,000 meters. Drilling is ongoing with two RC drilling rigs and one core drilling rig focused on upgrading Inferred Mineral Resources and the collection of material for metallurgical testing.   As of October 26, 2025, Revival Gold has completed 70 holes and 7,500 meters. Data collected will support the Company’s planned 2026 pre-feasibility study (“PFS”), a major milestone on the path to restarting gold production at Mercur.

In general, mineralization and leachability results collected to-date at Mercur are consistent with the Inferred Mineral Resource and metallurgical models developed for 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).

Figure 1 describes drill hole locations for the results released today. Full drill results are presented in Table 1.

Figure 1: Main Mercur Drill Plan Map

¹ True width for all holes is estimated to be 65-100% 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 calculated based on a 0.17 g/t cutoff grade allowing up to 2 intervals of internal dilution.

The Mercur property includes interests optioned from Barrick Resources (USA) Inc. and others as summarized in the Company’s 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, for further details.

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. The Company is headquartered in Toronto, Canada, with its exploration and development office located in Salmon, Idaho.