Mr. Hugh Agro reports

REVIVAL GOLD ANNOUNCES AGM RESULTS AND OPTION GRANT

Revival Gold Inc. has released voting results for the election of directors at its annual general meeting (AGM) of shareholders held on Nov. 23, 2021, in Toronto.

A total of 40,954,523 common shares representing 57.53 per cent of the company's issued and outstanding shares were voted in connection with the AGM. Shareholders approved all items of business before the AGM including the election of directors as shown in the attached table.

Following the AGM, Revival Gold reappointed Wayne Hubert as chairman of the board, Robert Chausse as audit committee chair, Carmelo Marrelli as compensation committee chair, Donald Birak as technical, safety, environment and social responsibility committee chair, and Maura Lendon as corporate governance and nominating committee chair.

Subject to regulatory approval, Revival Gold has granted 850,000 incentive stock options to directors, officers and consultants of the company as part of its annual compensation plan. Pursuant to the company's stock option plan, the options are exercisable at a price of 70 cents per share for a period of five years and are subject to vesting provisions.

About Revival Gold Inc.

Revival Gold is a growth-focused gold exploration and development company. The company is advancing the Beartrack-Arnett gold project located in Idaho, U.S.

Beartrack-Arnett is the largest past-producing gold mine in Idaho. A preliminary economic assessment has been completed for a first-phase restart of heap leach operations to produce 72,000 ounces of gold per year over an initial seven-year mine life at an all-in sustaining cost of $1,057 per ounce of gold. Meanwhile, exploration continues, focused on expanding the current indicated mineral resource of 36.6 million tonnes at 1.15 g/t gold containing 1.36 million ounces of gold and inferred mineral resource of 47.1 million tonnes at 1.08 g/t gold containing 1.64 million ounces of gold. The mineralized trend at Beartrack extends for over five kilometres and is open on strike and at depth. Mineralization at Arnett is open in all directions.

For further details, including key assumptions, parameters and methods used to estimate the mineral resources, and data verification, please see the company's NI 43-101-compliant technical report titled "Preliminary Economic Assessment of the Heap Leach Operation on the Beartrack Arnett Gold Project, Lemhi County, Idaho, USA -- NI 43-101 Technical Report," dated Dec. 17, 2020.

Revival Gold has approximately 71.4 million shares outstanding and had an estimated cash balance of $3-million on Sept. 30, 2021. Additional disclosure including the company's financial statements, technical reports, news releases and other information can be obtained on the company website or on SEDAR.

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