Revival Gold Reports High-Grade Gold Intercept at Joss, Beartrack-Arnett

• Drill hole BT26-255D returned 3.43 grams per tonne gold over 131.7 metres, including 6.56 g/T gold over 42.5 metres, and a higher-grade section of 11.58 g/T gold over 12.1 metres
• The interval sits about 70 metres above a previously reported hole (BT22-242D) and about 150 metres below another (BT21-240D), indicating a north-plunging zone of mineralisation
• All eight drill holes completed this year at Joss have intersected the Panther Creek Shear Zone, the structure hosting the gold mineralisation
• The Joss zone has a known mineralised strike of about 1.2 kilometres and remains open along strike and at depth
• Results from two additional wedge holes, BT26-254DW and BT26-255DW, are pending

Revival Gold (TSXV: RVG, OTCQX: RVLGF) is a Canada-based gold mine developer advancing two projects in the western United States. The company is progressing the Mercur Gold Project in Utah alongside ongoing exploration at the Beartrack-Arnett Gold Project in Idaho. Revival Gold trades on the TSX Venture Exchange under the symbol RVG and on the OTCQX Market under RVLGF, with its head office in Toronto and a U.S. exploration office in Salmon, Idaho.

Drill Results Define a High-Grade Zone at Joss

Hole BT26-255D intersected 131.7 metres grading 3.43 g/T gold, including a 42.5 metre section at 6.56 g/T and a 12.1 metre section at 11.58 g/T. True widths for these intervals are estimated at 40 to 50 percent of the drilled widths reported.

The high-grade section in BT26-255D was intersected between two previously announced holes, BT22-242D and BT21-240D, which returned similar high-grade results at different depths. The company states this pattern indicates the beginning of a north-plunging shoot and that further drilling to the northeast is planned to define the extent of this zone.

President and CEO Hugh Agro said:

"Revival Gold's team at Beartrack-Arnett has delivered one of the highest-grade-thickness intercepts at Joss to date. BT26-255D's 6.6 g/T gold over 42.5 metres provides compelling evidence in support of the impressive strength of sulphide mineralization at Beartrack-Arnett. The deposit displays true widths of 2-20 metres in the high-grade mineralized zone and remains open at depth and beyond its existing 1.2 kilometres of known mineralized strike."

Underground Resource and Programme Context

The Joss area currently hosts an underground Inferred Mineral Resource of 6.75 million tonnes at 4.05 g/T gold, equivalent to 877,000 ounces. This resource is separate from the open pit, heap leach economics outlined in the project's 2023 preliminary feasibility study. This year's 5,500 metre drilling programme was designed to expand the known mineralisation at Joss, contribute to a future mineral resource update, and support a potential future underground mine economic study.

Every hole drilled this year, five primary holes and three wedge holes, intersected the Panther Creek Shear Zone, the structure that hosts gold mineralisation at Beartrack-Arnett. One hole, BT26-253DW, intersected a fault and drilled into overlying, post-mineral rock, which the company states helps define the depth of that rock package above the Joss zone.

President and CEO Hugh Agro added:

"We are grateful for the excellent work performed by our team and our drill contractors, National and Major Drilling, on this year's program at Joss. Further results are expected in the coming weeks."

Milestones and Next Steps

Revival Gold will host a technical webinar on August 6th, led by President and CEO Hugh Agro and Chief Geologist Dan Pace, to provide further detail on the exploration programme at Beartrack-Arnett. Results from wedge holes BT26-254DW and BT26-255DW are expected in the coming weeks, and further drilling is planned to the northeast of the current high-grade zone to define its extent.

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