Maura Lendon Nominated to Revival GOLD Board

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MAURA LENDON NOMINATED TO REVIVAL GOLD BOARD

Toronto, ON – October 1st, 2020 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or

the “Company”), a growth‐focused gold exploration and development company, announces the

nomination of Ms. H. Maura Lendon to stand for election as an independent director to Revival

Gold’s Board of Directors at the Company’s annual general and special meeting to be held on

November 24th, 2020 at 10:00 am ET.

Ms. Lendon, LL.B, MBA, LL.M, ICD.D, is a seasoned, internationally -experienced general counsel

with over 20 years’ experience in the mining and telecom industries gained after initially practicing

with top Bay Street law firms. Ms. Lendon is the founder and C hief General Counsel of Scalable

General Counsel. Previously, she was Chief General Counsel and Corporate Secretary of Primero

Mining Corp. from 2012 to 2018. Ms. Lendon was Senior Vice President, Corporate Services, Chief

Legal Officer and Corporate Secretary of Hudbay Minerals Inc. from 2008 to 2011, and prior to that

was Chief Counsel, Canada and Chief Privacy Officer (Canada) of AT&T. Ms. Lendon currently serves

on the boards of Eastmain Resources Inc. and Kuya Silver Corp. Ms. Lendon is a graduate of the

Institute of Corporate Directors – Rotman School of Management Directors Education Program and

has previously served on other not -for-profit and public boards. She holds a Master of Laws from

Osgoode Hall Law School, a Master of Business Administratio n from the Richard Ivey School of

Business and a Bachelor of Laws from University of Western Ontario.

“We are thrilled to welcome someone with Maura’s extensive mining -related professional

background to Revival Gold’s Board of Directors. Maura’s experienc e will be invaluable as we

advance the company’s Beartrack-Arnett Gold Project in Idaho, U .S.A. towards development and

position Revival Gold for further growth. Having a diverse board of well-qualified and experienced

individuals is essential as we chart the best course to grow Revival Gold and create shareholder

value,” said President and CEO Hugh Agro.

Ms. Lendon will join incumbents Wayne Hubert ( Non-Executive Chairman), Hugh Agro (President

and CEO), Donald Birak, Robert Chausse, Michael Mansfield and Carmelo Marrelli for election as

directors to serve for the ensuing year.

Revival Gold’s annual general and special meeting will be held on November 24th, 2020 at 10:00 am

ET at the Company’s head office located at 145 King St. West, Suite 2870, Toronto, Ontario. A

conference call line will be available for any shareholders wishing to participate in the meeting

remotely. Materials for the meeting will be made available to shareholders prior to the meeting.

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About Revival Gold Inc.

Revival Gold Inc. is a growth -focused gold exploration and development company. The Company

has the right to acquire a 100% interest in Meridian Beartrack Co., owner of the former producing

Beartrack Gold Project located in Lemhi County, Idaho. Revival Gol d also owns rights to a 100%

interest in the neighboring Arnett Gold Project.

Beartrack-Arnett is the largest past -producing gold mine in Idaho and hosts the second largest

known deposit of gold in the state. A Preliminary Economic Assessment is underway on the

potential re-start of a phase one open-pit heap leach operation and exploration continues focused

on expanding the current Indicated Mineral Resource of 36.4 million tonnes at 1.16 g/t gold

containing 1.35 million ounces of gold and Inferred Mineral Resource of 47.2 million tonnes at 1.08

g/t gold containing 1.64 million ounces of gold. The mineralized trend at Beartrack extends for over

5 km and is open on strike and at depth. Mineralization at Arnett is open in all directions.

For further details, including key assumptions, parameters and methods used to estimate the

Mineral Resources, please see the Company’s technical report titled “Technical Report on the

Beartrack-Arnett Gold Project, Lemhi County, Idaho, USA” dated February 21, 2020.

Revival Gold has approximately 71.2 million shares outstanding and had a cash balance of

approximately $12.5 million on September 30th, 2020 . Additional disclosure including the

Company’s financial statements, technical reports, news releases and other information can be

obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

For further information, please contact:

Hugh Agro, President & CEO or Adam Rochacewich, CFO

Telephone: (416) 366-4100 or Email: [email protected]

Cautionary Statement

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. Technical information in this news release has been reviewed and approved by

Steven T. Priesmeyer, C.P.G., Vice President Exploration, Revival Gold Inc. a Qualified Person within

the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

This News Release includes certain “forward -looking statements” which are not comprised of

historical facts. Forward -looking statements include estimates and statements that describe the

Company’s future plans, objectives or goals, including words to the e ffect that the Company, or

management, expects a stated condition or result to occur. Forward-looking statements may be

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identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”,

“would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address

future events and conditions, by their very nature they involve inherent risks and uncertainties.

Although these statements are based on information currently available to the Company, the

Company provides no assurance that actual results will meet management’s expectations. Risks,

uncertainties and other factors involved with forward -looking information could cause actual

events, results, performance, prospects and opportunities to differ materially from those expressed

or implied by such forward -looking information. Forward-looking information in this news release

includes, but is not limited to, the Company’s intentions regarding its objectives, goals or future

plans and statements. Factors that could cause actual results to differ materially from such forward-

looking information include, but are not limited to, the Company’s ability to predict or counteract

the potential impact of COVID-19 coronavirus on factors relevant to the Company’s business, failure

to identify mineral resources, failure to convert estimated mineral resources to reserves, the

inability to complete a feasibility study which recommends a production decision, the preliminary

nature of metallurgical test results, delays in obtaining or failures to obtain required governmental,

environmental or other project approvals, political risks, uncertainties relating to the availability

and costs of financing needed in the future, changes in equity markets, inflation, changes in

exchange rates, fluctuations in commodity prices, delays in the development of projects, capital,

operating and reclamation costs varying significantly from estimates and the other risks involved in

the mineral exploration and development industry, and those risks set out in the Company’s public

documents filed on SEDAR. Although the Company believes that the assumptions and factors used

in preparing the forward -looking information in this news release are reasonable, undue reliance

should not be placed on such inform ation, which only applies as of the date of this news release,

and no assurance can be given that such events will occur in the disclosed time frames or at all. The

Company disclaims any intention or obligation to update or revise any forward-looking information,

whether as a result of new information, future events or otherwise, other than as required by law.