Mr. Hugh Agro reports
REVIVAL GOLD COMMENCES TRADING ON OTCQX MARKET
Inc.'s common shares are now trading on the OTCQX market in the United States under the ticker symbol RVLGF. Revival Gold will continue to trade on the TSX Venture Exchange in Canada as its primary listing under the symbol RVG.
"The OTCQX market facilitates and simplifies the ability for U.S. investors to invest in Revival Gold. Our principal asset, the Beartrack-Arnett gold project located in Idaho, is advancing towards a production decision and our joining OTCQX reflects Revival Gold's overriding commitment to developing an enduring gold business in the United States," said Hugh Agro, president and chief executive officer of Revival Gold.
U.S. investors can find information and trading status on Revival Gold on the OTC Markets website.
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 AISC (all-in sustaining cost) 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 gold containing 1.36 million ounces of gold and inferred mineral resource of 47.1 million tonnes at 1.08 grams per tonne 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, and data verification, please see the company's National Instrument 43-101-compliant technical report, titled "Preliminary Economic Assessment of the Heap Leach Operation on the Beartrack Arnett Gold Project, Lemhi County, Idaho, USA -- NI 43-101 Technical Report," dated Dec. 17, 2020.
Revival Gold has approximately 71.2 million shares outstanding and had an estimated cash balance of $7.4-million on March 31, 2021.
We seek Safe Harbor.
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