Revival Gold's Transformative Year Positions It for Growth in 2025

About Revival Gold

Revival Gold, a TSX-listed gold exploration and development company, focuses on advancing multi-million-ounce brownfield projects in mining-friendly U.S. jurisdictions. With a strong veteran leadership team, Revival has built a portfolio of two flagship assets: Beartrack-Arnett in Idaho and the newly acquired Mercur project in Utah. The company employs a phased development strategy to maximize shareholder value and minimize risk, targeting initial production within three years.

Corporate and Operational Developments

Corporate Developments

• Mercur Acquisition: Revival Gold acquired the historic Mercur project in Utah, adding 1.6 million ounces (Moz) of inferred resources. The acquisition increased Revival's total resource base to 6.2 Moz, and grows target heap leach gold production to 150,000 ounces of gold per year.
• Leadership Expansion: Transitioned exploration leadership to proven mine-finder Dan Pace, Chief Geologist, and added former Eldorado Gold CEO Norm Pitcher to the board, enhancing technical and operational expertise.
• Strategic Focus: Emphasized disciplined capital management and minimal equity dilution, ensuring sustainable growth.

Operational Developments

• Beartrack-Arnett Progress: Revival Gold continues to advance this pre-feasibility-stage project with a resource base of 4.6 Moz, targeting a first phase of heap leach production of over 65,000 ounces per year. Permitting preparation to continue through 2025.
• Mercur Advancement: Initiated work on a Preliminary Economic Assessment (PEA) with completion expected by the end of Q1 2025, supported by promising metallurgical test results showing 84% average gold extraction.
• Exploration Upside: Focused on expanding resource potential with ongoing geological modeling and exploration at both flagship projects.

Financial Performance

Revival Gold maintained a disciplined financial approach in 2024:

• G&A costs running below C$2 million per year with track record of finding gold for about $6 per ounce insitu.
• The company expects the initial capital expenditure targets for Mercur to come in below $200 million while Beartrack-Arnett project has an initial capex of only $109 million.
• Revival sees significant capital cost savings by leveraging existing infrastructure at both projects, which helped reduce development timelines and risk.
• Revival Gold holds strong backing from institutional investors, including Gold2000/Konwave and Europac, contributing to a market valuation of C$57 million.

Outlook for 2025

Revival Gold enters 2025 with a robust growth trajectory:

• Mercur Milestone: Revival Gold expects to complete the Preliminary Economic Assessment (PEA) for the Mercur project by the end of Q1 2025, providing greater clarity on the project's economics and development potential.
• Production Targets: Revival aims to achieve initial gold production from Mercur within three years and has plans for phased expansion across both flagship projects.
• Market Tailwinds: Additionally, anticipated bullish gold markets in 2025, driven by constrained supply of quality new gold projects and rising demand, position Revival's 6.2-million-ounce gold portfolio for potential revaluation.

Conclusion

Revival Gold has positioned itself as a leading U.S.-focused gold developer through strategic acquisitions, disciplined financial management, and operational excellence. With a phased development strategy, significant exploration upside, and an experienced leadership team, the company is well-prepared to capitalize on the opportunities a rising gold market offers in 2025 and beyond.