Revival Gold Reports Strong Drilling Results and Resource Extension at Utah's Mercur Project

• Intercepts include 1.0 g/T gold over 30.5 metres starting at 25.9 metres downhole in hole RM25-165
• Drilling extends gold mineralisation north of the Rover area, with results up to 1.3 g/T gold over 15.2 metres outside the current resource estimate
• Twenty new drill holes released from the 2025 programme, with 86 of 115 completed holes now reported
• Average vertical depth to mineralisation starts at approximately 32 metres
• Results align with 2025 Preliminary Economic Assessment estimates for grade and leachability

Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) is a Toronto-based pure gold mine developer in the United States, advancing the Mercur Gold Project in Utah and conducting mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project in Idaho. The company holds a 7,200-hectare land package at Mercur that was previously divided between operators Homestake and Barrick. Revival Gold maintains its exploration and development office in Salmon, Idaho.

High-Grade Drill Intercepts at Mercur

The latest drilling results from Mercur show near-surface oxide gold mineralisation across the project. Key intercepts include 1.0 g/T gold over 30.5 metres in hole RM25-165 starting at 25.9 metres downhole, 0.74 g/T gold over 38.1 metres in RM25-164 starting at 16.8 metres, and 0.9 g/T gold over 30.5 metres in RM25-163 starting at 13.7 metres downhole.

The average vertical depth to the start of mineralisation across holes released to date is approximately 32 metres. All intercepts are in near-surface oxide gold mineralisation, which the company states is suitable for heap leach processing. The PEA released in May 2025 outlined heap leach processing as the intended extraction method for the project.

Drilling results collected to date at Mercur are generally consistent with the Inferred Mineral Resource and metallurgical models developed for the Mercur PEA. The company reports continued confirmation of gold occurrence, grade and leachability with the 2025 PEA estimates. Data collected will support the company's planned pre-feasibility study.

Extension of Mineralisation North of Rover Area

Holes RM25-155 and RM25-157 intercepted multiple zones of oxide mineralisation outside the resource pit area to the north of Rover. Hole RM25-155 returned 1.0 g/T gold over 10.7 metres at 59.4 metres downhole and 1.3 g/T gold over 15.2 metres at 80.8 metres downhole. These intercepts are outside the current Mineral Resource used in the May 2025 PEA. The drilling targeted a soil geochemistry anomaly northeast of Rover.

President and CEO Hugh Agro stated:

"Today's results in RM25-155 and RM25-157 drilled below a soil geochem anomaly north of Rover confirms the exciting prospectivity of this area."

Hole RM25-157 bottomed in mineralisation after being terminated short of target depth due to operational constraints.

President and CEO Hugh Agro noted:

"Revival Gold holds a 7,200-hectare land package that was previously fractured between past operators Homestake and Barrick. With the project now consolidated, our team is promptly moving Mercur through redevelopment while continuing to demonstrate opportunities for future resource growth ahead."

2025 Drilling Programme Progress

Revival Gold's 2025 drilling programme at Mercur finished in December with 115 reverse circulation and core holes completed. To date, 86 holes have been released, with results from the remaining 29 holes pending. The drilling programme was designed primarily to upgrade resources whilst also testing for near-resource extensions where possible.

The company states that data collected will support its planned pre-feasibility study. Drilling results released to date generally align with the Inferred Mineral Resource and metallurgical models developed for the PEA. The quality assurance programme includes regular insertion of certified reference materials, duplicate samples and blanks into the sample stream, with analyses performed at ISO-accredited laboratories.

The company reports that samples are submitted to ALS Geochemistry facilities, with gold analyses performed using fire assay and atomic absorption spectroscopy. For samples containing greater than 100 ppb gold, cyanide leach testing is also conducted to assess potential heap leach recoverability.

Next Steps

Revival Gold plans to advance Mercur towards a pre-feasibility study and formal launch of mine permitting. The completion of the 2025 drilling programme provides data to support these development milestones. Results from the remaining 29 drill holes are expected in the coming period, with the company continuing to evaluate the extended mineralisation identified north of the Rover area.

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