Mr. Hugh Agro reports

REVIVAL GOLD ANNOUNCES AGM RESULTS AND TRANSITION IN EXPLORATION LEADERSHIP

Revival Gold Inc. has released the voting results for the election of directors at its annual general meeting (AGM) of shareholders held on Nov. 21, 2024, in Toronto.

A total of 114,232,316 common shares representing 57.81 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 Tim Warman as non-executive chairman of the board, Robert Chausse as audit committee chair, Wayne Hubert as compensation committee chair, Maura Lendon as corporate governance and nominating committee chair, and Larry Radford as technical, safety, environment and social responsibility committee chair.

Additionally, Revival Gold's executive leadership consisting of Hugh Agro, John Meyer and Lisa Ross were reappointed as president and chief executive officer, vice-president, engineering and development, and VP, chief financial officer, respectively.

Following seven years of service with the company, Revival Gold announces the retirement of Steve Priesmeyer as vice-president, exploration, effective Dec. 31, 2024. Mr. Priesmeyer was a founding member of the Revival Gold exploration team in 2017 and has been a tireless champion of Revival Gold's exploration efforts. Mr. Priesmeyer played a key role in the assembly and discovery of the multimillion-ounce Beartrack-Arnett gold project in Idaho, and the acquisition and integration of the company's new Mercur gold project in Utah earlier this year.

Mr. Priesmeyer's leadership, deep knowledge of geology and mineral exploration, and strong "shoulder to the wheel" have been invaluable to Revival Gold's development and success. Mr. Priesmeyer's day-to-day involvement in the business will be missed but he will continue his association with Revival Gold as a technical consultant to assist with the transition and for special assignments as needed. Continuing exploration leadership duties will be assumed by Revival Gold's chief geologist, Dan Pace, BA, MSc (economic geology), Regis. Mem. SME, member SEG.

"Steve has had a tremendous impact on Revival Gold success and, together with the team that Steve assembled, is credited with Beartrack-Arnett's emergence as one of the largest new discoveries of gold in the United States in a decade," observed Hugh Agro, Revival Gold's president and chief executive officer. "Steve's leadership, knowledge and commitment have played a vital role in developing the company and building a strong foundation for future growth. On behalf of the board of directors and the entire Revival Gold team, we extend our sincere thanks to Steve and wish him all the best in his retirement," added Mr. Agro.

Mr. Pace joined Revival Gold in 2023 and quickly helped transform the company's in-house geoscience capabilities and capacity with a focus on data-driven techniques to refine and improve upon Revival Gold's exploration targeting and results. Mr. Pace obtained his master's degree in economic geology from the University of Reno in Nevada, United States, and has a wide breadth of technical experience and a 15-year record of project generation and ore deposit discovery. Mr. Pace is a co-discoverer of the exceptional Silicon gold deposit in Nevada.

"Revival Gold remains committed to building value through responsible exploration and development at Beartrack-Arnett and Mercur," commented Mr. Agro. "We are excited about Dan's expanded role in the business, and we look forward to carrying on Revival Gold's exceptional past track record of gold discovery."

Pursuant to the company's stock option plan, Revival Gold has granted 3,195,000 incentive stock options to directors, officers and consultants of the company as part of its annual compensation plan. The options are exercisable at a price of 35 cents per share for a period of five years and are subject to vesting provisions.

About Revival Gold Inc.

Revival Gold is a pure gold, mine developer operating in the Western United States. The company is advancing engineering and economic studies on the Mercur gold project in Utah and mine permitting preparations and continuing 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.

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