Rev Acquires Drill-Ready Natural Hydrogen Project IN Alberta
REV Exploration Corp.
TSXV: REVX
604-682-7970
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REV ACQUIRES
DRILL-READY NATURAL HYDROGEN PROJECT
IN ALBERTA
VANCOUVER, British Columbia, May 22, 2025: REV Exploration Corp. (“REV” or the “Company”) (TSXV:
REVX), formerly Gitennes Exploration , has signed an agreement to acquire 100% of an advanced drill -ready
prospect (“Aden Dome”) on the Alberta-Montana border with high-impact potential for hosting Natural Hydrogen.
Aden Dome gives REV first -mover advantage in the Natural Hydrogen space in Alberta where additional
opportunities and potential partnerships are being reviewed in the context of Premier Danielle Smith’s aggressive
broader hydrogen strategy (refer to May 16, 2025 REV news release) that has already made the province Canada’s
top hydrogen producer. The discovery of low-cost, emissions-free Natural Hydrogen in Alberta could supercharge
the province’s clean energy strategy. In addition, as disclosed in a news release May 15, 2025, REV now has
exploration permits for Natural Hydrogen spanning 3,726 sq. km in neighboring Saskatchewan.
Aden Dome , never previously viewed from a Natural Hydrogen perspective, covers an 18 -sq. km area
encompassing a series of PNG leases on the southern tip of Alberta, approximately 160 km southeast of Lethbridge
and 125 km west of the Saskatchewan border, in a district well-known for shallow gas production.
Aden Dome Highlights
REV’s model for the accumulation of naturally occurring hydrogen (NOH) makes the Aden Dome
particularly intriguing as a Natural Hydrogen prospect in addition to promising value-added opportunities
with respect to other potential clean gas discoveries;
REV’s plan is to drill through the igneous intrusives and test for the presence of NOH within the deeper
Basal Cambrian Sandstone and Basement Complex;
Intense fracturing at Aden Dome, which may have provided connectivity to deeper crustal source rocks, is
also consistent with the REV model for the generation of Natural Hydrogen;
The shallower Devonian Beaverhill Lake carbonates and Basal Cambrian sandstone intervals are
considered very prospective for hosting economic concentrations of helium and associated gases based on
seismic data (definitive 4-way closure) and historic core and log analysis that indicate excellent reservoir
quality rock over multiple horizons;
The Aden Dome is an extension of the Sweetgrass Hills intrusive- volcanic complex immediately to the
southwest in Montana where recent helium discoveries have been made with nearby competitor production
online.
Mr. Jordan Potts, REV Exploration CEO, commented: “The Aden Dome is a highly compelling asset within a
district that features mature Cretaceous shallow gas production and excellent oil and gas infrastructure. We’re
very fortunate to have acquired this asset on favorable terms as our team sees target pay zones at Aden beyond the
possibility of Alberta’s first Natural Hydrogen discovery.”
Mr. Potts continued : “We look forward to rolling out the Aden story and capturing the very exciting broader
opportunity for shareholders through REV’s first-mover advantage in Natural Hydrogen in Alberta.”
REV Exploration Corp.
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Video Clip With REVX Chief Operating Officer Shayne Neigum
“Excited to put the drill bit to the ground” – click on link below to view video.
https://www.youtube.com/watch?v=UbVwTy-T8nI
Terms of the Deal
REV has executed an asset purchase agreement (the “Agreement”) with an arms -length party (the “Vendor”) to
acquire all the Vendor’s PNG leases associated with Aden Dome (the “Assets”), and an adjacent property, for total
consideration of $300,000 cash and 300,000 common shares of REV (“Common Shares”), subject to TSX Venture
Exchange approval, on the following schedule:
1. $100,000 cash to be paid to Vendor upon signing of the deal (paid);
2. $200,000 cash to be paid to Vendor by July 15, 2025;
3. 300,000 Common Shares to be issued to the Vendor at a deemed price of $0.27 per Common Share, subject
to a statutory hold period of 4 months and a day following the date of issuance.
The Vendor will hold the Assets in trust until the second cash payment and issuance of Common Shares are
completed. If required payments or Common Shares issuance are not made, the Agreement will be terminated, all
Assets will revert to the Vendor, and any payments made will be forfeited.
Aden Dome Property Map
REV Exploration Corp.
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About REV Exploration Corp.
REV is a mineral exploration company that owns a suite of gold and battery metal properties in Quebec, specifically
in the Sept-Iles region (nickel, niobium and tantalum) and the Chapais -Chibougamau area (gold), in addition to a
substantial portfolio of st rategic 100%-owned Natural Hydrogen properties in Saskatchewan , acquired through
permits issued by the Saskatchewan government. REV is also a first-mover in Natural Hydrogen in Alberta and has
executed an agreement with an arms-length party to acquire 100% of the Aden Dome along the Alberta -Montana
border.
For further information on the Company, readers are referred to the Company’s website at
www.REVexploration.com and its Canadian regulatory filings on SEDAR+ at www.sedarplus.ca.
REV Exploration Corp.
Suite 410 –325 Howe Street,
B.C. V6C 1Z7
Tel: 604-682-7970
REVexploration.com
Jordan Potts
Interim CEO, Director
For further information, please contact:
Chad Levesque
Investor Relations
1-306-981-4753
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this news release.
This news release includes certain statements and information that may constitute "forward-looking information" within the meaning of
applicable Canadian securities laws. Generally, forward-looking statements and information can be identified by the use of forward-looking
terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results
"may", "could", "should", "would" or "occur". All statements in this news release, other than statements of historical facts, including
statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance are forward -looking
statements and contain forward-looking information, including, but not limited to , the completion of the Agreement and the presence of
naturally occurring hydrogen on the Aden Dome. Forward-looking statements are based on certain material assumptions and analysis made
by the Company and the opinions and estimates of management as of the date of this news release, including, but not limited to the assumption
that all conditions to completion of the acquisition of the Aden Dome will be satisfied, including TSX Venture Exchange approval.
REV Exploration Corp. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly required by applicable securities legislation.