Mr. Hugh Agro reports

REVIVAL GOLD PROGRESSES DRILLING AND DEVELOPMENT ACTIVITIES AT MERCUR

Revival Gold Inc. has provided an update on drilling and development activities at the company's Mercur gold project, located in Utah.

Drilling highlights:

• Two rigs operating at Mercur since July have completed approximately 3,200 metres of a planned 13,000-metre drilling program at Mercur this year.
• Six PQ core holes have been drilled to collect material from the east walls of the Main Mercur pits and Rover area for column leach testing. Twenty-two RC (river circulation) holes have been drilled in the Marion Hill and Rover areas to infill historical drilling.
• Core and chip logging is continuing, with Revival Gold having implemented Datarock Pty. Ltd.'s geoscience platform this season to process chip tray images and utilize machine learning to help interpret the data. Optical televiewer images have been collected from two core holes to support geotechnical studies on the project.
• One thousand three hundred samples have been submitted to ALS Assay Lab from 16 holes.
• RC drilling has predominantly been targeted to infill inferred mineral resources in the Rover area, with some holes planned to pursue potential extensions outside the existing mineral resources.
• Core drilling will continue to focus on collecting representative metallurgical samples throughout the Main Mercur area. Planned core drilling at South Mercur this year remains subject to permitting approval by Utah's division of oil, gas and mining.

Development highlights:

• Revival Gold has engaged Stantec Consulting Services Inc. and KTW Environmental Consultants LLC to evaluate the existing environmental baseline information, identify supplemental baseline data requirements and develop baseline work plans.
• Kappes, Cassiday & Associates has been engaged to oversee metallurgical sample collection, design metallurgical composites in support of future metallurgical testing, and co-ordinate with the company's permitting team to develop a project description and footprint to optimize project permitting timelines and project economics.
• Subterra LLC has been engaged to support drilling-related geotechnical data collection and to develop PFS-level (prefeasibility study) open-pit geotechnical models.
• RESPEC Company LLC has been retained to refine and update 3-D models for mineral resource estimating purposes in support of a PFS.

"With two rigs operating and a third on its way, we've completed about a quarter of the planned 13,000-metre drilling program at Mercur this year," said Hugh Agro, president and chief executive officer. "Meanwhile, key components of the Mercur development consulting team have coalesced under the leadership of our VP, engineering and development, John Meyer, in preparation for the potential completion of a PFS and the formal launch of mine permitting in 2026. Initial assay results from the drilling program are expected later this fall," added Mr. Agro.

The Mercur property includes interests optioned from Barrick Resources (USA) Inc. and others as summarized in the company's preliminary economic assessment (PEA) National Instrument 43-101 technical report on the Mercur gold project, Tooele and Utah counties, Utah, prepared by Kappes, Cassidy & Associates, and RESPEC Company LLC, dated May 2, 2025, for further details.

Qualified persons

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