Near-Surface Oxides Intersections At Haidee Deposit

TORONTO - Revival Gold Inc. reported on the first twelve of eighteen core holes drilled in the Haidee deposit area during the exploration program at the Beartrack-Arnett Gold Project located in Idaho. Each of the twelve holes intersected above cut-off grade, near-surface oxidized gold mineralization. Highlights: 1.12 g/t gold over 18.0 meters1 and 0.36 g/t gold over 32.8 meters1 in AC22-097D; 0.81 g/t gold over 30.1 meters1 and 0.53 g/t gold over 16.9 meters1 in AC22-100D; 0.76 g/t gold over 19.8 meters1 in AC22-092D; and 0.53 g/t gold over 35.8 meters1, 0.53 g/t gold over 29.3 meters1 and 0.40 g/t gold over 14.7 meters1 in AC22-095D.

The 2022 drilling program at Haidee was designed to upgrade and expand the deposit’s current Inferred heap leachable Mineral Resource. A total of 18 holes were completed for approximately 2,900 meters. Results to-date from the 2022 drilling program are consistent with those from previous drilling. They will help support this year’s Preliminary Feasibility Study (PFS) on the first phase re-start of heap leach operations at Beartrack-Arnett and they further validate the potential for future up-dip and down-dip additions to the current Mineral Resource. Results for the remaining six core holes from the 2022 program at Haidee are expected by the end of January.

“Results build on Revival Gold’s prior exploration success in the Haidee deposit area with each hole having intersected above cut-off grade gold mineralization in oxide material, all within 150 meters of surface. The results have increased our confidence in the integrity of the Haidee deposit ahead of this year’s PFS on the first phase re-start of heap leach operations at Beartrack-Arnett and they point to the potential for further expansion, both up-dip and down-dip of the current Mineral Resource”, said Hugh Agro, President and CEO.h