Final Seven Drill Holes Completed At The Haidee Target

TORONTO - Revival Gold Inc. reported that the final seven infill drill holes completed in the Haidee target area in connection with the Company’s 2021 exploration program at the Beartrack-Arnett Gold Project located in Idaho. Each of the seven holes reported below encountered above cut-off grade, near-surface oxidized gold mineralization. Highlights include: 1) 0.92 g/t gold over 16.2 meters in AC21-075D. 2) 0.75 g/t gold over 44.1 meters in AC21-084D. 3) 0.92 g/t gold over 14.8 meters in AC21-081D. 4) 0.57 g/t gold over 12.2 meters and 0.51 g/t gold over 22.2 meters in AC21-077D. 5) 0.42 g/t gold over 25.7 meters and 0.48 g/t gold over 27.4 meters in AC21-083D.

The 2021 drilling program at Haidee was designed to upgrade and expand the deposit’s current Inferred heap leachable mineral resources. In addition, the program included holes drilled to obtain engineering data for Revival Gold’s planned late-2022 Pre-Feasibility Study. A total of 15 holes were completed for approximately 2,500 meters, with four holes drilled for geotechnical and hydrological purposes.  Results are consistent with results from previous drilling and continue to support the up-dip and down-dip extensions of mineralization in the Haidee area as areas for the potential expansion of the current Mineral Resources.

“Drill results released today will support an upgrade in the quality of the gold resource at Haidee and point to future resource expansion opportunities both up and down dip of the current deposit”, said Hugh Agro, President and CEO. “An updated resource estimate for the entire Beartrack-Arnett project is well underway and results are expected to be released by quarter end.”