Near-Surface Oxide Gold Intersected In Additional Eleven Drill Holes At Beartrack-Arnett

TORONTO - Revival Gold Inc. reported results from an additional eleven drill holes from the Company’s 2020 drilling program on the past-producing Beartrack-Arnett Gold Project located in Idaho. The eleven holes released today are core holes drilled in the Haidee target area to upgrade resources from the Inferred category to the Indicated category and to expand the resource along strike and up-dip.

Highlights: 1.01 g/t gold over 11.0 meters and 0.39 g/t gold over 10.4 meters1 in AC20-49D; 0.40 g/t gold over 13.2 meters AC20-052D; 0.86 g/t gold over 48.5 meters in AC20-059D; 0.45 g/t gold over 36.1 meters in AC20-062D; 0.83 g/t gold over 13.4 meters1 in hole AC20-065; and 1 Drilled width - true width estimated to be approximately equivalent to drilled width.

Drillholes AC20-062D and AC20-059D were drilled along the northeast margin of the existing mineral resource at Haidee. Both holes intersected long intervals of gold mineralization indicating that mineralization extends up-dip into the gold soil anomaly northeast of the current Haidee resource. The anomaly is largely untested and represents an attractive target for further exploration.

“We are very pleased to see additional broad intercepts of near-surface oxide gold mineralization in the Haidee area. The results offer potential to expand the open pit heap leach mine plan outlined in the results of Revival Gold’s first phase,” said President and CEO Hugh Agro.

The thirty exploration and infill drill holes completed this season on the Haidee target totaled approximately 4,900 meters of drilling. A further five holes have been completed between the North and South Pit areas totaling approximately 1,660 meters. The holes in this area cover a strike length varying from 400 to 600 meters along the Panther Creek Shear Zone (PCSZ). Each of the holes intersected the PCSZ with varying amounts of oxidized and unoxidized sulfides in each hole. An initial three exploration holes have been drilled in the Rabbit target area for a total of approximately 900 meters. Difficult drilling conditions limited the depth of drilling at Rabbit, however, the operating and geological information obtained in drilling these holes will be of use in planning next year’s follow-up program.

This year’s drill program will conclude shortly with the completion of two exploration drill holes in the Joss target area for a total of approximately 960 meters. Remaining assay results for the seven outstanding drill holes at Haidee and the nine outstanding drill holes at Beartrack are expected to be available early 2021.