Drill Program On Former Beartrack Mine Property In Idaho

TORONTO - Revival Gold Inc reported on a agreement in which it may acquire a 100% interest in Meridian Beartrack Co., owner of the Beartrack Gold Project located in Lemhi County, Idaho. Revival has obtained all necessary approvals to start drilling at Beartrack. The first of two drill rigs has been mobilized to the Project and Revival has initiated the 2017 portion of the Company's planned 11,000-meter drill program. The 2017 portion of the program will consist of 3,000 meters of core drilling.

Two rigs will be required in order to complete the 2017 portion of the Beartrack program by early November when winter conditions make drilling costlier. The first rig will target deep mineralization in the Ward's Gulch area identified by Meridian Beartrack during their 2012 and 2013 drilling program. The focus in 2017 will be around diamond drill hole BT12-175D, which intersected 71.0 g/t Au over 9.75 meters drilled width (estimated true width of 4.88 meters). Two holes, totaling approximately 1,100 meters, are planned to intersect this mineralization at slightly shallower depths. Although the intersection encountered in BT12-175D is approximately 480 meters vertically below the surface, mineralization is oxidized.

The second rig will target shallower oxide and mixed oxide-sulphide mineralization in the Ward's Gulch and South Pit areas. Approximately 1,900 meters of diamond drilling will confirm historic drilling completed by Meridian Beartrack and lay the groundwork for additional drilling in 2018. Ward's Gulch is located between the North and Mason-Dixon pits, both of which were mined by Meridian Beartrack.

At Revival's Arnett Creek Project, located six kilometers west of Beartrack, field work is in progress. To date, ninety-two rock chip samples have been collected and submitted to ALS Minerals for geochemical analysis. Results are pending. The focus of this initial stage of exploration is to better understand mineralization at several known exploration targets on the Property and to prospect the claims staked by Revival in July of 2017.

Known targets have received varying amounts of historic exploration ranging from rock or soil sampling to reverse circulation drilling. Current geologic mapping and rock chip sampling will be integrated with historic data, drill sites chosen and a plan of operations submitted to permit drilling in 2018.