Mr. Hugh Agro reports

REVIVAL GOLD INTERSECTS 1.38 G/T AU OVER 105 METERS AND 1.89 G/T AU OVER 70 METERS AT BEARTRACK

Revival Gold Inc. has released results from the first three holes of its planned 2018 8,000-metre core drilling program at the former producing Beartrack gold project located in Lemhi county, Idaho.

Highlights:

• 1.38 grams per tonne gold over 18.3 metres (1) from 392.9 to 411.2 metres in BT18-207D;
• 1.38 g/t Au over 105.2 metres (1) from 383.7 metres to 488.9 metres in BT18-208D;
• 1.89 g/t Au over 69.5 metres (1) from 527.9 metres to 597.4 metres in BT18-209D.

(1) Drilled width; true width estimates are presented in the associated table.

"These initial results demonstrate a continuation at depth of significant grades and widths of gold mineralization at Beartrack," said Hugh Agro, president and chief executive officer. "Mineralization intersected by these holes occurs over approximately 300 metres of strike in the south pit area and 50 to 130 metres below the conceptual pit shell that defines the current Beartrack mineral resource."

Details

On May 29, 2018, Revival released a maiden National Instrument 43-101 mineral resource estimate for the Beartrack property. At a gold price of $1,300 (U.S.)/ounce, a 0.61 g/t gold mill cut-off and a 0.26 g/t cyanide soluble gold heap leach cut-off, the pit-constrained mineral resource contains:

• A total indicated mineral resource of 33.4 million tonnes at 1.13 g/t gold containing 1,214,000 ounces of gold;
• A total inferred mineral resource of 16.9 million tonnes at 1.41 g/t gold containing 765,000 ounces of gold.

Revival Gold initiated its 2018 core drill program at Beartrack with one drill rig in late May and added a second rig in early June. Drilling this year is designed to expand the maiden mineral resource at Beartrack and to test underexplored areas along strike.

Mineral resource expansion will focus on the south and north pit target areas. Additional drilling is planned in the Joss target area which is located approximately 700 metres south along strike from the south pit and between the south pit and Joss.

The three drill holes released today (BT18-207D, BT18-208 and BT18-209D) targeted mineralization below the current mineral resource at the south pit area. All three drill holes intersected good grades and confirmed the extension of gold mineralization over approximately 300 metres of strike below the current mineral resource at the south pit area. Mineralized intersections vary from 50 metres to 130 metres below the bottom of the conceptual pit that defines the current Beartrack mineral resource.

An additional six drill holes have been completed in the north pit, Ward's Gulch and Joss areas with a total of approximately 4,900 metres this year to date. Holes are currently under way in the south pit area and between the south pit and Joss areas.

                   SUMMARY ASSAY RESULTS FROM HOLES RELEASED TODAY 

Hole No.        From    To Drilled width Est. true width (1) Fire assay gold grade
                 (m)   (m)           (m)                 (m)                 (g/t)

BT18-207D      392.9 411.2          18.3                  10                  1.38
BT18-208D      383.7 488.9        105.22                  62                  1.38
               497.4 510.5          13.1                   8                  2.03
BT18-209D      527.9 597.4          69.5                  36                  1.89
incl.          556.0 580.7          24.7                  15                  2.48

(1) True width estimates based on a vertically dipping mineral zone.  
Drill holes typically steepen during drilling so the inclination of the 
drill hole at depth may not be the same as the inclination in the 
mineralized zone.
(2) Recoveries for the intervals 407.4 metres to 408.1 metres, 414.4 metres 
to 414.8 metres and 415.4 metres to 416.5 metres were 28 per cent, 0 per cent 
and 40 per cent, respectively. The intervals with 28-per-cent and 0-per-cent 
recovery were included at zero grade. Additionally, the intervals 482.2 metres 
to 482.5 metres and 484.5 metres to 485.2 metres were considered to be material 
that had caved into the hole and were not sampled. Those intervals were included 
at zero grade.

Drilling will continue at Beartrack through the fall season with all results expected to be released over the course of the next two quarters.

Quality assurance/quality control program

Quality assurance/quality control consists of the regular insertion of duplicates, blanks and certified reference standards into the sample stream. Check samples will be submitted to an umpire laboratory at the end of the drilling program. Sample results are analyzed immediately upon receipt and all discrepancies are investigated. Samples are submitted to the ALS Minerals sample preparation facility in Elko, Nev. Gold analyses are performed at the ALS Minerals laboratory in Reno, Nev., and multielement geochemical analyses are completed at the ALS Minerals laboratory in Vancouver, B.C. ALS Minerals is an ISO 17025:2005-accredited lab.

Gold assays are determined by fire assay and AAS (atomic absorption spectroscopy) on a 30-gram nominal sample weight (Au-AA25). For shallow holes targeting leachable mineralization, gold is also determined by cyanide leach with an AAS finish on a nominal 30-gram sample weight (Au-AA13). Multielement geochemical analyses are completed on selected drill holes using the ME-MS 61 method.

Steven T. Priesmeyer, CPG, vice-president, exploration, Revival Gold, is the company's designated qualified person for this news release within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects and has reviewed and approved its scientific and technical content.

About Revival Gold Inc.

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

We seek Safe Harbor.