Continued Drilling Program Expansion Considered At Haidee Deposit

TORONTO - Revival Gold Inc. reported on the final six of eighteen core holes drilled in the Haidee deposit area during the 2022 exploration program at the Beartrack-Arnett Gold Project located in Idaho. Each of the six holes intersected above cut-off grade, near-surface oxidized gold mineralization. Highlights: 1.51 g/t gold over 15.8 meters1 in AC22-086D; 1.07 g/t gold over 18.0 meters1 and 0.45 g/t gold over 13.2 meters1 in AC22-089D; 0.70 g/t gold over 27.1 meters1 in AC22-099D; 0.42 g/t gold over 19.9 meters1 in AC22-093D; and 1 True width is estimated to be greater than 70% of drilled width.

The 2022 drilling program at Haidee was designed to upgrade and expand the deposit’s current heap leachable Inferred Mineral Resource. A total of 18 holes were completed for approximately 2,900 meters. Results from the final six holes of the 2022 drilling program include a couple of high-grade gold intercepts at a tenor not typically encountered in oxidized mineralization at Haidee. These results point to the possibility for continued expansion of the deposit to the south-west in potentially higher-grade material with a lower strip ratio.

“We’ve wrapped up the 2022 Haidee infill and expansion drill program with gold mineralization intersected directly from surface and intriguing high-grade results in the south-west quadrant of the deposit,” said Hugh Agro, President and CEO. “These results bode well for the updated Mineral Resource for Haidee and the successful completion of this year’s Pre-Feasibility Study on the first phase re-start of heap leach operations at Beartrack-Arnett. The gold deposit at Haidee benefits from very favorable metallurgical recoveries, the presence of little or no deleterious elements, a shallow depth of mineralization and advantageous topography. Any future enhancement to grade at Haidee will therefore have a compounding impact on potential economics.”