Mr. Scott Trebilcock reports

REVIVAL GOLD PROVIDES EXPLORATION DRILLING UPDATE ON BEARTRACK-ARNETT GOLD PROJECT IN IDAHO

Revival Gold Inc. has provided an update on exploration drilling at the company's Beartrack-Arnett gold project located in Idaho, United States.

Highlights

• Drilling contractor, Drilcor Ltd., has completed 1,150 metres of core in four exploration holes to date targeting:
  • A two-kilometre stepout on the Beartrack-Arnett property at the greenfield Sharkey target;
  • Extensions of high-grade Joss mineralization, last drilled in 2022.
• Sharkey drilling encountered target stratigraphy in one of the three holes in the area. Geochemical assay results and analysis are pending.
• A second drilling rig has been contracted from Major Drilling to accelerate the pace of drilling in the Joss target area.

"Revival Gold continues to pursue the resource growth and exploration potential at Beartrack-Arnett even while our Mercur gold project in Utah marches towards a potential construction decision in late 2027. This staged approach offers investors the prospect of potential near-term cash flow in a company with exciting growth potential -- all in gold, all from two large gold systems and all in the western United States," said Hugh Agro, president and chief executive officer.

Mr. Agro continued, "We expect to accelerate progress at Beartrack-Arnett with Major Drilling returning to the project shortly, and we look forward to reporting on assay results as they become available."

Details

The Beartrack deposit within the Beartrack-Arnett gold project is a structurally controlled orogenic gold deposit running north-south on the Panther Creek shear zone (PCSZ). The multimillion-ounce resource at Beartrack is hosted in over five kilometres of strike on the PCSZ.

The Sharkey target is a two-kilometre stepout to the south to extend the PCSZ structure. The Sharkey target is a geophysics (resistivity) anomaly that may map the PSCZ structural corridor to the south of Joss under postmineral cover.

Results from the three holes completed at Sharkey, showed bedrock was deeper than indicated by the geophysics and historic RC drill hole logging. The target stratigraphy (proterozoic metasediments) was intercepted in one hole and was highly fractured and contained small vein selvages with sericitic alteration typically seen adjacent to mineralization in other areas associated with the PCSZ. While no Joss-like mineralization was intercepted, hole BT25-247D intercepted alteration (quartz, pyrite, arsenopyrite, sericite) and shearing near the bedrock-overburden contact.

Geochemical assay analysis is in process. The results will be used to refine Revival Gold's future exploration target drilling at Sharkey.

Drilling by Drilcor continues at Joss to the north targeting extension of the deposit. Major is expected to be on site with a second rig in early February.

Market liquidity services

The company also announces that it has engaged Velocity Trade Capital Ltd. to provide market liquidity services to the company. Velocity Trade is providing its services to the company pursuant to a market-making services agreement between the company and Velocity Trade, and will manage trading of the company's shares from time to time for the purpose of maintaining an orderly market, with a view to reducing trading volatility and improving the liquidity of the company's shares. The funding and securities required for these services undertaken will be provided by Velocity Trade.

In consideration of the market liquidity services, the company will pay a fee of $6,000 per month for liquidity services, with the first two months' fees payable upon execution of the agreement, with services starting on or around Feb. 1, 2026. Thereafter, a monthly fee of $6,000 will be payable on the first day of each month during the term of the agreement. The term of the agreement shall continue until terminated by either party by providing the other party with 30 days prior written notice of termination.

Velocity Trade is a private and independent investment dealer headquartered in Toronto, Ont., and is registered for trading in the provinces of Ontario, Quebec, British Columbia, Alberta and Manitoba. Velocity Trade is a member of the TMX, and of the Canadian Investment Regulatory Organization (CIRO). Additionally, the firm and its affiliate companies are regulated internationally by the United Kingdom's Financial Conduct Authority (FCA), the Authority for Financial Markets (AFM) in the Netherlands, the Australian Securities and Investments Commission (ASIC), South Africa's Financial Sector Conduct Authority (FSCA), and the Monetary Authority of Singapore (MAS), among others.

There are no performance obligations contained in the agreement, and Velocity Trade will not receive common shares, stock options or any other form of equity in the company as compensation. Velocity Trade and the company are arm's-length parties, and Velocity Trade and its principals own, in the aggregate, directly or indirectly, less than 1 per cent of the issued and outstanding common shares of the company. Velocity Trade and the company are not related parties and have no other agreements other than the market liquidity agreement which is the subject of this news release.

The engagement of Velocity Trade to provide market liquidity services to the company is subject to acceptance 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 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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