Mr. Hugh Agro reports

REVIVAL GOLD FURTHER CONSOLIDATES LAND POSITION AT MERCUR GOLD PROJECT, UTAH

Revival Gold Inc. has exercised previously disclosed options to acquire private property interests at its Mercur gold project in Utah. The company has also further consolidated its land position by securing additional peripheral mineral interests through a Utah state auction process. Together, these transactions fortify Revival Gold's land position as the company advances Mercur toward completion of a prefeasibility study near the end of first quarter 2027.

"Exercising these options brings the entire Mercur land position under a single company's ownership for the first time, marking an important milestone as we work toward a potential return to gold production as early as 2029," commented Hugh Agro, president and chief executive officer. "The Mercur district has a rich history of mining, having produced approximately 2.6 million ounces of gold between 1890 and 1998. Revival Gold is pleased to have the opportunity to work with state, county and municipal officials to carry this legacy forward into the next century," added Mr. Agro.

Completion of previously disclosed property options

Through its subsidiary Revival Gold (Utah) Inc., Revival Gold has completed the exercise of previously disclosed purchase options with Geyser Marion Gold Mining Company and Sacramento Gold Mining Company. The options and assignment agreements pursuant to which the options were granted were originally entered into on Oct. 25, 2021, and amended on Oct. 13, 2023. The Geyser Marion agreement covers interests in 157 patented mining claims and 257 fee lots in the Main Mercur and West Mercur areas. The Sacramento agreement covers interests in 19 patented mining claims in the Main Mercur area. To complete the options, Revival Utah will pay the remaining option payments of $127,188 (U.S.) to Geyser Marion and $37,500 (U.S.) to Sacramento, being the only consideration remaining outstanding under the option agreements. No royalty is retained by Geyser Marion or Sacramento under the options.

Closing of the acquisitions under the previously disclosed option agreements with Geyser Marion and Sacramento is scheduled for Nov. 9, 2026, and completion of the Geyser Marion purchase terminates the existing lease covering 61 patented mining claims at West Mercur that were previously leased to Revival Utah.

Additional state mineral leases

Additionally, Revival Gold has secured two peripheral 10-year mineral leases totalling 425 hectares (1,051 acres) in Tooele county, Utah, through a state auction process for $54,700 (U.S.). In addition to the one-time auction payment, each lease carries an annual obligation of $3 (U.S.) per acre, representing approximately $3,150 (U.S.) annually across the two leases.

The additional leases complement Revival Gold's existing Mercur land position and provide a 10-year tenure over peripheral ground as the company continues to evaluate the project's exploration and development potential.

Qualified persons

Technical information included in this news release was reviewed and approved by John Meyer, PEng, a qualified person and executive vice-president, engineering and development, for the company.

About Revival Gold Inc.

Revival Gold is one of the largest, pure play gold mine developers in the United States. The company is advancing development of the Mercur gold project in Utah and conducting 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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