Revival Gold (TSXV:RVG) to Unearth Shareholder Value with Multi-Million Ounce Beartrack-Arnett Gold Development Opportunity

• The Beartrack-Arnett gold project in Idaho contains large 4.6M oz gold resource with significant expansion potential.
• Recent exploration has uncovered new high-grade mineralized zones outside current resource areas, with 5km of untested strike length represents substantial exploration upside to add new discoveries
• Revival Gold's Pre-Feasibility Study outlines low-risk, low-cost phased heap leach development approach
• Central banks' gold purchases and scarcity of new large discoveries underpin favorable long-term fundamentals for gold developers.
• Focused growth strategy combining exploration, partnerships and M&A to maximize shareholder value, Revival Gold is focused on maximizing shareholder value through partnerships, mergers and acquisitions to supplement internal growth initiatives.

A Promising Gold Development Opportunity

Revival Gold is advancing the Beartrack-Arnett gold project in Idaho, USA. With 4.6 million ounces of gold in resources, Beartrack-Arnett represents one of the largest undeveloped gold discoveries in the western United States over the past decade.

Large Gold Resource Base with Exploration Upside

The Beartrack-Arnett project currently hosts 2.2 million ounces of gold in the measured and indicated resource categories, plus 2.4 million ounces inferred. Recent exploration drilling has successfully discovered new high-grade mineralized zones outside of the existing resource areas, highlighting the potential to significantly expand resources.

"We’ve seen the best intercept of the year at 20.5 meters at 3.9 grams per tonne gold...in a structural zone that’s more similar to a Beartrack orientation than the classic sheeted veins." - Dan Pace, Chief Geologist

Structural modeling and geophysics analysis have outlined high-potential exploration targets across 5 km of strike south of the known deposit, representing substantial resource growth potential.

Interview with  Chief Geologist Dan Pace and President & CEO Hugh Agro

Clear Pathway to Production

A pre-feasibility study has outlined a low-cost, phased development approach focused initially on heap leach mining. This provides a clear low-risk pathway to restart production.

"Every year of free cash flow in that project that we can add to the heap leach mine plan is about $50 million at $1,800 gold. These are important drill holes proximal to the existing pit and around the Haiti area." - Hugh Agro, President & CEO

The heap leach phase alone could generate over $50 million in free cash flow/ yr at $1,800/oz gold prices. Cash flow from initial production can help fund later milling infrastructure. The project benefits from excellent surrounding infrastructure, a permitted heap leach pad, and strong local community support.

The Investment Thesis for Revival Gold

• Large and expanding gold resource: With an existing 4.6 million ounce resource and visible opportunities for significant resource expansion, Beartrack-Arnett offers scale and growth potential.
• Exceptional exploration upside: Ongoing structural modeling, geophysical analysis and drilling have uncovered new high-grade mineralized zones outside existing resources, confirming substantial exploration upside across the expansive land package.
• Clear path to gold production: An existing pre-feasibility study provides a low-risk pathway to restart heap leach gold production and cash flow generation to fund future expansion.
• Strong macro tailwinds: Central bank gold purchases and scarcity of new large discoveries underpin favorable long-term fundamentals for gold developers.
• Focus on shareholder returns: The revival team is focused on value-enhancing partnerships and M&A to supplement internal growth initiatives and maximize shareholder returns.

Key Takeaways

After a protracted bear market since the early 2010s, the outlook for junior gold developers is growing increasingly positive. While speculative interest has rotated back towards tech and crypto, strong central bank purchasing and declining global gold discoveries underline favorable long-term fundamentals. Major producers face shrinking reserves after years of minimal exploration investment, positioning high-quality assets for lucrative takeovers.

With few new large discoveries in safe jurisdictions like the western United States and Canada, scarcity value accrues to substantial development-stage projects in tier-one mining districts. The super cycle downturn left juniors underfunded for exploration, unable to replenish the development pipeline. Now well-capitalized seniors and mid-tiers seek to bolster reserves through acquisitions.

As inflationary pressures mount globally, central banks continue building gold reserves at a record pace. This official sector buying provides a solid price floor and offsets volatility from shifting speculative flows. With mine supply plateauing, strong physical demand from central banks and consumers should drive a coming upswing in the gold price, rewarding investors positioned early in overlooked junior developers.

Favorable Macro Backdrop for Gold

Central bank gold purchases remain robust against the backdrop of rising inflation and economic uncertainty, underpinning investor demand for gold exposure as major gold producers are competing for high-quality development assets like Beartrack-Arnett as new discoveries become scarcer.

"The fundamentals for our business are just getting better. We’ve got central banks buying gold in the face of a rising US dollar – that’s a very good sign." - Hugh Agro, President & CEO

Growing appetite from Asian mining companies for North American gold projects points to strong competitive demand.

With its large gold resource base, extensive exploration upside potential, strategic Idaho location and clear low-risk pathway to production, Revival Gold's Beartrack-Arnett gold project checks all the boxes for a compelling gold development opportunity. As the company leverages its technical expertise to expand resources and de-risk the path to production, Revival Gold is positioned to deliver significant shareholder value.