Revival Gold Intersects 1.94 g/t Gold Over 65.1 Meters Near Surface At Beartrack

TORONTO, ON - Revival Gold Inc. reported results from the first four holes of the twelve-hole 2017 portion of the Company's planned 11,000-meter core drilling program at the Beartrack Gold Project located in Lemhi County, Idaho.

True width varies but is estimated to be approximately half of the drilled width. "Results from the first four of twelve holes drilled by Revival in 2017 substantiate our enthusiasm for the past producing Beartrack Gold Project", said Hugh Agro, President & CEO. "We have only just begun to test the opportunity at Beartrack where mineralization has been identified along strike for five kilometers and is open to the southwest and at depth".

The 2017 portion of Revival's Beartrack core drilling program was conducted from late September until mid-November and consisted of 3,024 meters of core drilling in twelve holes. Drilling was contracted to Idaho-based Timberline Drilling Inc. under the supervision of Revival's exploration team.

Three of the four holes released today (BT17-195D, BT17-196D and BT17-198D) targeted near-surface oxide and mixed oxide-sulphide mineralization in the Ward's Gulch area. These holes were drilled to confirm historic drilling completed by Meridian Beartrack Co. ("Meridian Beartrack") and to lay the groundwork for the preparation of an updated mineral resource at Beartrack in 2018.

In total, ten near-surface holes totaling 1,778 meters were completed in 2017 at Ward's Gulch and the South Pit area. Results are pending for two additional near-surface holes in the Ward's Gulch area and five near-surface holes in the South Pit area. The remaining drill hole of the four released (BT17-194BD) was completed to a depth of 553.2 meters and targeted deep high-grade mineralization at Ward's Gulch identified by Meridian Beartrack during their 2012 drill program (71.0 g/t Au over 9.75 meters drilled width in BT12-175D with estimated true width of 4.88 meters).

Hole BT17-194BD intersected the targeted structure approximately 22 meters from BT12-175D and cut three intervals exceeding 4.0 g/t Au in grade but did not replicate the high grades encountered in hole BT12-175D. Although core recovery was good throughout BT17-194BD, no core was recovered from 516.6 meters to 521.7 meters (5.1 meters). This interval is within the Panther Creek Fault, which was the target zone for the Company's drilling, along its western contact with the Yellowjacket Formation.

A second deep hole (BT17-199D) completed this year also targeted a short distance from the high-grade mineralization cut in BT12-175D. Based on preliminary results, BT-199D did not replicate the high grades previously observed. Assay results from BT17-199D will be available pending resolution of a Quality Assurance/Quality Control issue at the laboratory.

Given the extent of mineralization within the Panther Creek Fault along five kilometers of strike on the Beartrack property, and that high grades have been encountered in several holes, follow-up drilling is planned to further test the high-grade mineralization encountered in the Ward's Gulch area where hole BT12-175D is located. In addition, four other mineralized areas remain to be tested at depth as historic deep drilling was wide-spaced or, in the case of the North Pit and Allen Creek, is non-existent.

All remaining results from the 2017 portion of the Beartrack core drilling program will be released in January 2018. During the first quarter of 2018 Revival will initiate work on an updated geological model for Beartrack encompassing historic data as well as 13,737 meters of drilling completed in 2012, 2013 and 2017. The company will also assess and refine plans for the 2018 portion of drilling at Beartrack and begin permitting preparations for drilling at Beartrack in 2019. Future drilling at Beartrack is being planned for Ward's Gulch, South Pit and Joss as well as at the Allen Creek target located at the north end of the property.