Mr. Hugh Agro reports

REVIVAL GOLD INTERSECTS 1.88 G/T AU OVER 115 metreS AND 1.74 G/T AU OVER 49 metreS AT BEARTRACK

Revival Gold Inc. has provided additional results from its 2018 core drilling program at the former producing Beartrack gold project located in Lemhi county, Idaho.

Highlights

• 1.88 grams per tonne gold over 115.0 metres (1) from 358.1 metres to 473.1 metres in BT18-217D;
• 1.74 g/t Au over 49.4 metres (1) from 451.1 to 500.5 metres and 2.03 g/t Au over 17.6 metres from 531.3 metres to 548.9 metres in BT18-213D.

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

"Today's results continue to build on both the strike and depth extent of mineralization at Beartrack," said Hugh Agro, president and chief executive officer. "We are getting significant intercepts well outside the existing Beartrack mineral resource, including at Joss where Revival Gold has intercepted robust mineralization 700 metres south of the existing resource. Drilling continues with two rigs at Beartrack and one rig on the neighbouring Arnett project."

Details

Drill holes completed and released to date in 2018 (BT18-207D through BT18-214D) were targeted to expand the current open-pit-constrained National Instrument 43-101 Beartrack mineral resource. Targets tested were below, and on strike from, both the North and South Pit areas and at Ward's Gulch and Joss.

Results released today (BT18-213D and BT18-215 through 218D) further tested opportunities outside the Mineral Resource in the South Pit, Ward's Gulch and Joss areas. Additionally, drilling tested the previously unexplored area between the South Pit and Joss which are located approximately 700 metres apart along strike.

BT18-217D successfully extended mineralization at depth in the South Pit area and BT18-213D builds on the good results obtained in BT18-211D in the Joss area. BT18-215D intercepted modest grades over good widths in a gap in the block model in the Ward's Gulch area.

BT18-218D, which was drilled in the previously untested area between the South Pit and Joss, encountered encouraging grade over a good width, indicating that the structure is present and mineralized between the two areas. The area tested by hole BT18-218D covers over 300 metres of strike between holes BT12-176D, which intersected 30.5 metres from 299.3 metres to 329.9 metres averaging 3.0 g/t Au, and BT18-221D, which is currently under way.

Mineralization at Beartrack remains open to the south of Joss, north along strike between the South Pit and Ward's Gulch area, and into the North Pit.

To date in 2018, 13 core holes have been completed at Beartrack for approximately 6,500 metres. Beyond the holes for which results have been released, additional holes have been completed in the South Pit area and south of Joss. Drilling is currently under way in the South Pit and Joss areas.

Summary assay results from holes released today are presented in the attached table.

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

BT18-213D (2)         Joss     257.3    261.5                   4.2                      n/a                 1.87
                               349.6    352.7                   3.1                      n/a                 1.24
                               451.1    500.5                  49.4                      n/a                 1.74
                               504.7    511.1                   6.4                      n/a                 4.23
                               531.3    548.9                  17.6                      n/a                 2.03
BT18-215D     Ward's Gulch     129.5    134.1                   4.6                        3                 2.17
                               241.1    246.4                   5.3                        3                 0.96
                               264.9    298.4                  33.5                       21                 0.72
BT18-216D             Joss     Abandoned at approximately 95 metres.
BT18-217D (3)    South Pit     279.1    285.0                   5.9                        3                 1.04
                               358.1    473.1                 115.0                       58                 1.88
                               483.7    489.5                   5.8                        3                 2.06
BT18-218D   South Pit-Joss     273.3    280.7                   7.4                        4                 2.85
                               293.8    297.6                   3.8                        2                 1.14

(1) True width estimates in the South Pit and Ward's Gulch areas, as well as the area between the South Pit and 
    Joss, are based on a vertically dipping mineral zone. True width in the Joss area is unknown (n/a). 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 506.0 metres to 507.5 metres, 508.9 metres to 509.6 metres and 510.5 metres to 
    511.2 metres were 44 per cent, 0 per cent and 50 per cent. The interval with 0-per-cent recovery was included 
    at zero grade.

(3) Recoveries for the intervals 358.4 metres to 359.4 metres and 366.2 metres to 366.5 metres were 23 per cent 
    and 50 per cent respectively. Recovery for the intervals 364.2 metres to 364.7 metres and 365.2 metres to 
    365.9 metres was 0 per cent. The intervals with 0-per-cent recovery were included at zero grade.

In addition to drilling at Beartrack, four core holes have now been completed at Revival Gold's neighbouring Arnett project and a further three core holes are planned for this year. Initial results from the Arnett program are expected in early December.

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 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 of 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.

In addition to its interests in Beartrack and Arnett, the company is pursuing other gold exploration and development opportunities and holds a 51-per-cent interest in the Diamond Mountain phosphate project located in Uintah county, Utah.

We seek Safe Harbor.