Mr. Hugh Agro of Revival Gold reports

REVIVAL GOLD ANNOUNCES STRATEGIC PLACEMENT WITH DUNDEE CORPORATION

Revival Gold Inc. has entered into a non-brokered agreement with Dundee Corp., through its wholly owned subsidiary, Dundee Resources Ltd., pursuant to which Dundee has agreed to purchase 10 million units of the company at a price of 32 cents per unit for gross proceeds of $3.2-million.

Each unit will consist of one common share of the company and one-half common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share of the company at an exercise price of 45 cents for a period of 24 months from the date of issuance.

Dundee is a Toronto Stock Exchange-listed mineral exploration and development investment corporation. Proceeds from the placement will be used to advance Revival Gold's continuing project development activities and for working capital and general corporate purposes.

In connection with the placement, Revival Gold has granted Dundee a first right of refusal, for a term of six months, to participate in any future equity financings and maintain the firm's pro rata share in the company. Additionally, Revival Gold and Dundee have agreed to undertake metallurgical studies utilizing proprietary technologies developed by Dundee's subsidiary, Dundee Sustainable Technologies Inc.

Revival Gold has the option, exercisable in its sole discretion, to increase the size of the placement by up to 15 per cent, for additional aggregate gross proceeds of up to $480,000. Upon closing the placement, Dundee will hold approximately 5 per cent of the issued and outstanding common shares of the company on a non-diluted basis (assuming completion of the placement but excluding any additional units issued pursuant to the upsized placement). Any securities issued pursuant to the placement and the upsized placement will be subject to a statutory four-month hold period.

"Dundee and its team of mining, finance and ESG [environmental, social and governance] professionals, including president and CEO [chief executive officer] Jonathan Goodman, have played key roles in the creation of some of the world's most successful precious metals businesses, including Repadre Capital Corp., Dundee Precious Metals Inc. and Sabina Gold & Silver Corp. We welcome Dundee as a new strategic investor in Revival Gold, and we look forward to Dundee's strategic and business input going forward," said Hugh Agro, Revival Gold president and chief executive officer.

The placement is subject to customary closing conditions, including the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. Closing is expected on or about Feb. 28, 2025.

About Revival Gold Inc.

Revival Gold is one of the largest pure-gold mine developers in the 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 in Idaho. The company is headquartered in Toronto, Canada, with its exploration and development office located in Salmon, Idaho.

About Dundee Corp.

Dundee is an independent holding company. Through its operating subsidiaries, Dundee is an active investor focused on delivering long-term, sustainable value as a trusted partner in the mining sector with more than 30 years of experience making accretive mining investments.

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