2017 Drilling At Beartrack Completed And Encouraging Rock Sample Results At Arnett Creek

TORONTO - Revival Gold Inc. reported the completion of the Company’s 2017 core drilling program at the Beartrack Gold Project located in Lemhi County, Idaho. The Company further reported encouraging rock sample results from its 2017 field program at the adjoining Arnett Creek Gold Project. “In less than six months Revival has permitted and successfully completed 3,024 meters of core drilling at Beartrack”, said Hugh Agro, President and CEO. “We expect to announce initial assay results from the 2017 Beartrack core drilling program before year-end and are encouraged by today’s release of rock sample results at Arnett Creek”.

Revival completed the 2017 portion of the Company’s planned 11,000-meter core drilling program at Beartrack in November. The 2017 portion of the program commenced on September 23rd and consisted of 3,024 meters of core drilling in twelve holes in the Ward’s Gulch and South Pit areas. Two deep holes, totaling 1,247 meters, were completed in the Ward’s Gulch area.  These holes targeted deep mineralization identified by Meridian Beartrack Co. during their 2012 and 2013 drilling program.  The focus was 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). A second drill rig targeted shallower oxide and mixed oxide-sulphide mineralization in the Ward’s Gulch and South Pit areas.  Five shallow holes totaling 986 meters were completed in the Ward’s Gulch area and five shallow holes totaling 791 meters were completed in the South Pit area.

Shallow drilling in these two areas is intended to 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 in the 1990’s when the price of gold was below US$300 per ounce. Initial assay results from the 2017 Beartrack core drilling program are expected before year end with the balance of assay results expected to be released in the first quarter of 2018.

During the 2017 field season, Revival prospected and collected 107 rock samples from Arnett Creek.  Samples were generally taken selectively rather than in a representative fashion in order to gain an understanding of mineralization outside the known historic resource on the property. Assay results were received for all 107 samples.  Gold values ranged from below detection limit to 91.1 g/t Au.  Thirty-seven samples yielded gold values greater than 1.00 g/t Au. Zreas of interest identified, or validated, at Arnett Creek during the 2017 field program are the Roman’s Trench area, near the northern contact of the Arnett Creek stock, and the Italian Mine, Twin Long Drops, Thompson-Hibbs, Shenon Gulch and the Porcupine areas, which occur over approximately 2.5 kilometers of strike near the southern contact of the Arnett Creek stock.