Mr. Hugh Agro reports

REVIVAL GOLD ANNOUNCES CLOSING OF SALE OF NON-CORE DIAMOND MOUNTAIN PHOSPHATE PROPERTY

Further to the press release dated June 1, 2026, Revival Gold Inc. has closed the sale of its 51-per-cent interest in its non-core Diamond Mountain phosphate project to Canadian Phosphate Ltd. The sale was completed pursuant to a property purchase agreement dated May 29, 2026, between Revival Gold, Canadian Phosphate and Utah Minerals Resources LLC. UMR sold the other 49-per-cent interest in Diamond Mountain to Canadian Phosphate.

On closing, Revival Gold received a cash payment of $127,500 (U.S.) and 3,081,286 shares of Canadian Phosphate currently valued at approximately $270,000 (U.S.) based on a deemed price per CP8 share of 12.5 Australian cents.

On or prior to the first anniversary of the date of the agreement, Revival Gold will receive a cash payment of $255,000 (U.S.) and will have the option, in its sole discretion and exercisable at any time, to have such payments satisfied by the issuance of CP8 shares. If the company elects for the issuance of CP8 shares, the price per CP8 share will be equal to a 5-per-cent discount to a 15-day volume-weighted average price of CP8 shares on the Australian Stock Exchange ending on the date prior to the date of notice provided to CP8.

On or prior to the first anniversary after the commencement of commercial production, Revival Gold will receive a cash payment of $765,000 (U.S.). Canadian Phosphate will have the option to satisfy the foregoing payment in CP8 shares.

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 U.S. exploration and development office located in Salmon, Idaho.

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