Mr. Hugh Agro reports

FIRST OF TWO DRILL RIGS ARRIVES AT THE MERCUR GOLD PROJECT

The first of two drilling rigs have arrived on site at Revival Gold Inc.'s Mercur gold project, located in Utah.

Revival Gold's 2025 drilling program at Mercur has commenced. The program includes 3,000 metres of HQ and PQ core drilling to support future metallurgical and geotechnical testing, and a further 10,000 metres of RC (reverse circulation) drilling to upgrade and potentially expand on the project's mineral resources (see the company's preliminary economic assessment, "NI 43-101 Technical Report on the Mercur Gold Project, Tooele & Utah Counties, Utah, USA," prepared by Kappes, Cassidy & Associates, and RESPEC Company LLC, dated May 2, 2025, for further details).

The first rig to arrive on site is a core drilling rig contracted from Alford Drilling LLC. Planned core drilling is expected to be completed over the course of the next three to four months. Sample material will be collected and analyzed for gold and multielement geochemistry before being sized and composited into samples for metallurgical testing. The objective is to augment and expand on existing metallurgical test data with variability testing on different size fractions across geographically distributed sites within the known mineral resource. Select samples will also be analyzed for geotechnical properties such as rock strength.

A second, RC drill rig contracted from Boart Longyear is slated to arrive later this month. Sixty to 75 RC drill holes are planned for the Rover, Main and South Mercur deposit areas over the course of the next five to six months. The primary objective of these holes is to support the development of a preliminary feasibility study in 2026. Several of these holes will sample historical waste rock fill material originally mined during open-pit operations in the 1980s and 1990s. This material is currently assumed to be waste in the PEA (with no potential recoverable gold value). However, recent data (including drill hole EN070, which intersected 0.73 gram per tonne (g/t) gold (Au) over 93 metres in waste rock fill) (see the PEA for further details) suggests that the material may contain appreciable gold. While further study is needed, waste rock fill has been identified as an important potential additional value catalyst at Mercur (see the PEA for further details).

"We anticipate significantly more exploration and development news from Revival Gold's field activities this year," said Hugh Agro, president and chief executive officer. "With two drilling rigs secured for Mercur and a third planned for Beartrack-Arnett later this year, Revival Gold's 2025 field season has the potential to be our most productive to date," added Mr. Agro.

The Mercur property includes interests optioned from Barrick Resources (USA) Inc. and others as summarized in the PEA.

With the expected increase in news flow referenced above, Revival Gold further announces the extension of the company's marketing services agreement with Resource Stock Digest (RSD), first announced March 20, 2025, pursuant to an amendment to the agreement dated July 1, 2025. The amended agreement provides for an initial term of three months and may be extended for a period of up to one year at the discretion of the company. Under the terms of the amended agreement, the company shall pay RSD $100,000 (U.S.) per quarter paid in advance of each quarter commencing July 1, 2025, for marketing and advertising services. RSD is owned and operated by Gerardo Del Real and Nick Hodge, both shareholders of the company. As at the date of the agreement, the aggregate holdings of Mr. Del Real and Mr. Hodge represent less than 2 per cent of the issued shares of Revival Gold. RSD and Mr. Del Real and Mr. Hodge are at arm's length to the company. The amended agreement is subject to the approval of the TSX Venture Exchange.

Qualified persons

Technical information included in this news release was reviewed and approved by John Meyer, PEng, a QP 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 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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