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Revival Gold Inc
Symbol RVG
Shares Issued 71,183,166
Close 2020-10-01 C$ 1.13
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Revival Gold nominates Lendon to board

2020-10-01 08:23 ET - News Release

Mr. Hugh Agro reports


Revival Gold Inc. has nominated H. Maura Lendon to stand for election as an independent director to Revival Gold's board of directors at the company's annual general and special meeting to be held on Nov. 24, 2020, at 10 a.m. ET.

Maura Lendon, LLB, MBA, LLM, ICDD, is a seasoned, internationally experienced general counsel with over 20 years experience in the mining and telecom industries gained after initially practising with top Bay Street law firms. Ms. Lendon is the founder and chief general counsel of Scalable General Counsel. Previously, she was chief general counsel and corporate secretary of Primero Mining Corp. from 2012 to 2018. Ms. Lendon was senior vice-president, corporate services, chief legal officer and corporate secretary of Hudbay Minerals Inc. from 2008 to 2011, and prior to that was chief counsel, Canada, and chief privacy officer (Canada) of AT&T. Ms. Lendon currently serves on the boards of Eastmain Resources Inc. and Kuya Silver Corp. Ms. Lendon is a graduate of the Institute of Corporate Directors -- Rotman School of Management directors education program and has previously served on other not-for-profit and public boards. She holds a master of laws from Osgoode Hall Law School, a master of business administration from the Richard Ivey School of Business and a bachelor of laws from University of Western Ontario.

"We are thrilled to welcome someone with Maura's extensive mining-related professional background to Revival Gold's board of directors. Maura's experience will be invaluable as we advance the company's Beartrack-Arnett gold project in Idaho, U.S., towards development and position Revival Gold for further growth. Having a diverse board of well-qualified and experienced individuals is essential as we chart the best course to grow Revival Gold and create shareholder value," said president and chief executive officer Hugh Agro.

Ms. Lendon will join incumbents Wayne Hubert (non-executive chairman), Hugh Agro (president and CEO), Donald Birak, Robert Chausse, Michael Mansfield and Carmelo Marrelli for election as directors to serve for the ensuing year.

Revival Gold's annual general and special meeting will be held on Nov. 24, 2020, at 10 a.m. ET at the company's head office located at 145 King St. West, Suite 2870, Toronto, Ont. A conference call line will be available for any shareholders wishing to participate in the meeting remotely. Materials for the meeting will be made available to shareholders prior to the meeting.

About Revival Gold Inc.

Revival Gold is a growth-focused gold exploration and development company. The company has the right to acquire a 100-per-cent interest in Meridian Beartrack Co., owner of the former producing Beartrack gold project located in Lemhi county, Idaho. Revival Gold also owns rights to a 100-per-cent interest in the neighbouring Arnett gold project.

Beartrack-Arnett is the largest past-producing gold mine in Idaho and hosts the second-largest known deposit of gold in the state. A preliminary economic assessment is under way on the potential restart of a phase one open-pit heap-leach operation and exploration continues focused on expanding the current indicated mineral resource of 36.4 million tonnes at 1.16 grams per tonne gold containing 1.35 million ounces of gold and inferred mineral resource of 47.2 million tonnes at 1.08 g/t gold containing 1.64 million ounces of gold. The mineralized trend at Beartrack extends for over five kilometres and is open on strike and at depth. Mineralization at Arnett is open in all directions.

For further details, including key assumptions, parameters and methods used to estimate the mineral resources, please see the company's technical report titled "Technical Report on the Beartrack-Arnett Gold Project, Lemhi County, Idaho, USA," dated Feb. 21, 2020.

Revival Gold has approximately 71.2 million shares outstanding and had a cash balance of approximately $12.5-million on Sept. 30, 2020. Additional disclosure including the company's financial statements, technical reports, news releases and other information can be obtained at the company's website or on SEDAR.

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