Beartrack-Arnett High Grade Gold Mineralization Present In South Pit Area

TORONTO - Revival Gold Inc. high grade gold mineralization at the South Pit Area in the Beartrack-Arnett Gold Project located in Idaho. Drill hole BT22-243D intersected 7.92 g/t gold over 2.9 meters and 2.02 g/t gold over 47.41 meters approximately 175 meters below the south end of the South Pit area. These results offer potential to expand the Beartrack-Arnett Mineral Resource with the lengthier mineralized interval grading more than three times the open pit mill cut-off grade calculated in the most recent Mineral Resource estimate. The high-grade interval observed in BT22-243D is consistent with the overall tenor of high-grade mineralization observed in the Joss area, located approximately 1.2 kilometers to the south. In addition to BT22-243D, three other core drill holes targeting the depth extension of mineralization at Beartrack-Arnett were completed in the 2022 program; two in the Joss high-grade target area (BT22-241D, and BT22-242D, and one between the South Pit and the Joss (BT22-244D). The results for drill hole BT22-244D are expected in December.

“The results confirm the presence of high-grade gold mineralization in the South Pit area at Beartrack-Arnett. Similar grades are also present in the Joss area, which extends approximately 1.2 kilometers to the south. Together, the Joss and the South Pit areas encompass some two kilometers of favorable structure, and, in both areas, we see broad mineralized intersections and higher-grade zones. Mineralization is vertically dipping and conducive to open pit and underground mining”, said Hugh Agro, President & CEO. “Data review is ongoing and follow-up drilling is being planned.”