Beartrack-Arnett Drilling Program Initial Results

TORONTO - Revival Gold Inc. reported initial results from the Company’s 2021 drilling program and provide an update on exploration at the past-producing Beartrack-Arnett Gold Project (“Beartrack-Arnett”) located in Idaho. Highlights: Two core holes have been completed to-date on the Joss high grade gold target as part of Revival Gold’s 2021 drilling program; BT21-237D intersected a wide, strongly mineralized interval of 2.67 g/t gold over 84.6 meters including 11.79 g/t gold over 2.5 meters and 5.36 g/t gold over 5.8 meters; BT21-238D, along strike approximately 150 meters north of BT21-237D, intersected what appears to be a similar stockwork, also hosted by the Proterozoic Yellowjacket Formation. Assays results are pending; A third hole, BT21-236D, was abandoned due to difficult drilling conditions short of the target and a fourth hole, BT21-239D, is currently in progress about 400-meters south on strike of the southern most drillhole to date at Joss. About 1,500 meters of this year’s planned 2,500-meter drilling program at Joss have been completed since the start of drilling in June; and A second drill rig arrived at the project this week to accelerate the pace of drilling at Beartrack-Arnett. The rig is being mobilized to the Haidee heap leach gold target area, where an additional 2,500 meters of drilling, including geotechnical, hydrological and approximately ten exploration core holes, are planned for this season.

“High-grade gold mineralization is exactly what we were hoping to find at Joss and the results from BT21-237D continue to demonstrate the significant scale and high-grade potential of this area at Beartrack-Arnett. We are now underway on a large step-out drill hole and expect further assay results from Joss by early September. Work has also commenced at Haidee where we have potential to add near surface leachable resources and optimize engineering factors for our phase one mine restart plan. Last year’s drilling at Haidee revealed the extension of stacked mineralized structures up-dip to the north-east and we are excited to get back into this area to further test the potential,” said Hugh Agro, President & CEO.