Mr. Hugh Agro reports
REVIVAL GOLD APPOINTS LISA ROSS VICE PRESIDENT & CFO
Revival Gold Inc. has appointed Lisa Ross, bachelor of commerce, CPA, CA, to the position of vice-president and chief financial officer, effective today's date. Ms. Ross succeeds Adam Rochacewich who has retired from his full-time role with Revival Gold to pursue personal business interests.
Ms. Ross is a chartered professional accountant with over 15 years of experience in financial accounting and reporting, financial recovery, system implementations, internal controls, and treasury in the international gold mining sector. She was the director of finance at Kirkland Lake Gold during a period of significant growth that included the integration of a number of recently acquired operations and a listing on the New York Stock Exchange. Ms. Ross was the corporate controller at Banro Corp. for nine years, during which Banro completed the financing and development of two operating mines in the Democratic Republic of the Congo. Most recently, Ms. Ross, as founder of her own financial consulting firm, directed the operations finance and capital group at a mid-tier mining company. She has a bachelor of commerce degree from Queen's University and completed her CPA, CA, designation requirements at Ernst & Young LLP in Toronto.
"We are thrilled to welcome Lisa to Revival Gold. Lisa's extensive experience in successively more senior financial roles with growing international gold producers is an excellent fit with Revival Gold's growth trajectory and plans to put the past-producing Beartrack-Arnett gold project located in Idaho, USA, back into production," said Hugh Agro, Revival Gold's president and chief executive officer.
Mr. Agro continued, "On behalf of the entire Revival Gold team, I would like to thank Adam for his leadership, commitment and strong shoulder to the wheel over the past three years as we've grown Revival Gold from its standing as a new public venture into a successful exploration and development business with a healthy balance sheet, robust systems and disclosure, and excellent positioning for further growth."
Mr. Rochacewich will continue to consult to the company over a period to assist with transition. Subject to regulatory approval, Revival Gold has granted 200,000 incentive stock options to Ms. Ross in connection with her appointment. Pursuant to the company's stock option plan, the options are exercisable at a price of 75 cents each for a period of five years and are subject to vesting provisions.
About Revival Gold Inc.
Revival Gold is a growth-focused gold exploration and development company. The company is advancing the Beartrack-Arnett gold project located in Idaho, United States.
Beartrack-Arnett is the largest past-producing gold mine in Idaho. A preliminary economic assessment has been completed for a first-phase restart of heap leach operations to produce 72,000 ounces of gold per year over an initial seven-year mine life at an all-in sustaining cost (AISC) of $1,057 per ounce of gold. Meanwhile, exploration continues, focused on expanding the current indicated mineral resource of 36.6 million tonnes at 1.15 grams per tonne (g/t) gold containing 1.36 million ounces of gold and inferred mineral resource of 47.1 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.
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