Metallurgical Testwork At The Bertrack-Arnett Project

TORONTO - Revival Gold Inc. has commenced the planned 2021 metallurgical and environmental test work program for the Beartrack-Arnett Gold Project located in Idah. Approximately three tonnes of sample material have been selected. The primary goals of the program are to continue to evaluate heap leach recoveries and build on previous test work used in the 2020 heap leach phase Preliminary Economic Assessment (PEA). Results will be used to establish recovery parameters for a Pre-Feasibility Study (“PFS”), which is scheduled to be completed by Wood in the second half of 2022. In particular, the sensitivity of heap leach gold recovery to overall crush size will be evaluated to identify opportunities for enhancement, particularly at Arnett where historical bottle roll tests on reverse circulation chip samples indicated higher recoveries were possible. The interaction of oxide, transition and sulphide material types in the heap leach pads, and the acid base accounting over time will also be evaluated. A total of twelve standard column tests will be completed to test heap leaching performance including test work on Beartrack oxide, transition and sulphide mineralization, and Arnett oxide gold mineralization. Included in the tests will be the evaluation of one mixed sample consisting of 50% Beartrack oxide and 50% Beartrack sulphide.

“To follow-up on last year’s successful PEA, this test work will provide critical technical input for the next steps in assessing the potential restart of heap leach gold production from existing infrastructure at Beartrack-Arnett,” said Hugh Agro, President & CEO. “We are at an exciting stage of the project definition as this metallurgical testwork, together with Revival Gold’s 2021 drilling plans, will set the foundation for a mineral resource update in early 2022, a PFS and potentially, a decision to proceed with the first phase restart of gold production at Beartrack-Arnett in late 2022.”