Mr. Hugh Agro reports

REVIVAL GOLD ADVANCES MERCUR PROJECT WITH A VIEW TO BE UTAH'S NEXT NEW OPERATING GOLD MINE

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

Highlights

• The Mercur site team, under the leadership of general manager Tim Barnett, is scaling up with eight staff members now driving this year's exploration, resource delineation, geotechnical and hydrogeological drilling activities.
• This year's metallurgical program comprises 20 column leach tests to support the preliminary feasibility study (PFS) is in progress with Kappes Cassiday & Associates (KCA) in Reno, Nev., with initial results expected in mid-2026.
• Environmental baseline data collection, a key input to the permitting process, is continuing under the direction of Revival Gold's lead environmental consultant, Stantec. Focus areas include wildlife, vegetation, soils, aquatic life, hydrogeology, cultural resources, air and geochemistry.
• Mineral resource modeling and engineering design studies are under way with the company's key technical consultants including Respec, WSP and KCA.
• A legacy water well, previously used for Mercur milling operations, was surveyed and sampled. The pump was replaced and a step drawdown pumping test to expected mine operating requirements was successfully performed.
• This year's previously announced 16,000-metre drilling program in support of the PFS is now approximately 15 per cent complete with two reverse circulation rigs drilling.
• The Mercur site office is being upgraded to support the company's growing team.
• Over all, the Mercur heap leach PFS remains on track for end of Q1 2027 release with completion of mine permitting expected by year-end 2027.

"Revival Gold's board of directors visited Mercur last month to meet the site team and witness firsthand the exciting progress that has already been made this year. Momentum continues to build with the recent hiring of additional key site staff and funding is in place to advance Mercur to a construction decision," said Hugh Agro, president and chief executive officer. "Two thousand twenty-six and 2027 will be packed with activity at Mercur as we work to deliver the next new potential operating gold mine in Utah, the Beehive state," added Mr. Agro.

Further to the company's April 28, 2026, press release in which the company announced, among other things, it had engaged Equity Catalyst Partners LLC (ECP) to provide the company certain investor relations and marketing services, the company wishes to clarify the payment schedule of the engagement. The company will pay ECP $7,500 (U.S.) per month for the term of ECP's six-month engagement. This corrects the prior disclosure which provided that the company would receive $45,000 (U.S.) upfront fee for ECP's services.

Qualified person

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.

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 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 United States exploration and development office located in Salmon, Idaho.

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