Exploration Update And Timing Accelerated For Beartrack Resource Estimate

TORONTO - Revival Gold Inc. reported on recent exploration activities and accelerates timing for the completion of an updated NI-43-101 Technical Report, including an updated mineral resource estimate, at the past producing Beartrack Gold Project located in Lemhi County, Idaho.

Revival Gold has finalized an update of the Beartrack drill hole database incorporating 13,737 meters of core drilling that was completed in 2012, 2013 and 2017; geological modeling of the deposit is also nearing completion; Comparisons between Revival Gold’s 2017 confirmation core drilling assay results and historical core and reverse circulation drilling assays results have demonstrated that the two data sets have similar gold distributions; Revival Gold’s Board of Directors has unanimously approved a C$4.5 million 2018 exploration program at Beartrack, including 8,000 meters of core drilling expected to commence in May; and the timing for delivery of an updated NI-43-101 Technical Report, including an updated mineral resource estimate for Beartrack, has been accelerated and is now expected by mid-year 2018.

“With the success of the 2017 core drilling program, we have determined that no further confirmation drilling of historical drill results at Beartrack will be undertaken at this time. Revival Gold has therefore accelerated work to complete an updated NI 43-101 Technical Report, including an updated mineral resource estimate, for Beartrack by mid-year 2018”, said Hugh Agro, President & CEO. The 2018 drill program will be redirected – principally toward resource expansion opportunities along strike and at depth”, he added.