Mr. Hugh Agro reports

REVIVAL GOLD COMMENCES 2025 FIELD WORK AND PROVIDES OPERATIONAL UPDATE

Revival Gold Inc. has started this year's fieldwork and has provided an update on operational activities at the company's gold development projects in Utah and Idaho, United States.

Mercur gold project, Utah

• Soil sampling program -- A comprehensive program of approximately 1,000 soil samples over an area of about 5.7 square kilometres has now been completed by Revival Gold contractor North American Exploration Services Inc. The program is intended to establish a robust base of geochemical data to help guide resource conversion and expansion drilling north and west of the historically mined Main Mercur area. Submission of assays for the newly collected soil samples is targeted for late May. Results are expected this summer.
• Archaeological surveying -- Bighorn Archaeological LLC, on behalf of Revival Gold, completed several new archeological surveys this spring in support of permitting for Revival Gold's planned drilling at Mercur this year. The company expects to expand on archaeological survey work later this year to supplement the available baseline data for mine permitting purposes.
• Drill permitting and preparations -- Revival Gold's technical team has completed collar design and site scouting for a proposed program encompassing approximately 13,000 metres of RC and core drilling in 2025. Permit applications have been submitted to the Utah Division of Oil, Gas and Mining (DOGM) for the South, Main and Rover areas. Approvals are expected this summer for an initial phase of drilling designed to support metallurgical testing, resource conversion and resource expansion drilling. Site facilities are being readied with the expansion of the existing core logging and storage facilities.

Beartrack-Arnett gold project, Idaho

Metallurgical testing program -- Revival Gold submitted approximately 60 kilograms of drill core samples from the Joss target area at Beartrack-Arnett to the Dundee Sustainable Technologies' (DST) laboratory in Thetford Mines, Que., for metallurgical testing. The purpose of the testing program is to evaluate the effectiveness of DST's GlassLock Process and CLEVR Process on high-grade, arsenopyrite-rich samples from Joss. GlassLock is an arsenic removal and stabilization process and CLEVR is a non-cyanide gold extraction process.

Exploration drill program preparations -- A follow-up program of approximately 4,000 metres of drilling has been proposed for targets along strike and south of the Joss area where Revival Gold intersected 14.2 metres of 6.17 grams per tonne gold in BT22-241D which is the most southerly hole along over five kilometres of mineralized strike to intercept the full Panther Creek shear zone (see Revival Gold news release dated Sept. 12, 2022, estimated true thickness of intercept is 6.3 metres). Drill permitting is in place and preparations are being made to commence field work later this year.

Baseline studies -- Additional baseline study work for the first phase heap leach project at Beartrack-Arnett is expected to proceed as funding allows.

"Fieldwork is well under way at Mercur and we are excited about the opportunities to add value to the project through drilling, metallurgical derisking and the collection of archeological data to support permitting," said Hugh Agro, president and chief executive officer. "At Beartrack-Arnett, we've prioritized exploration of the project's exciting high-grade underground potential. We are in the enviable position of owning two high-quality development projects. The projects naturally sequence with Mercur expected to be the first to production and Beartrack-Arnett offering our shareholders significant upside potential through ongoing exploration," added Mr. Agro.

Qualified persons

Technical information included in this news release was reviewed and approved by John Meyer, PEng, a qualified person and vice-president, engineering and development, for the company, and Dan Pace, RM SME, a QP and chief geologist for the company.

About Revival Gold Inc.

Revival Gold is one of the largest, pure gold mine developers in the United States. The company is advancing development of 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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