Revival Gold 2025 Year in Review
Revival Gold 2025 Year in Review
TORONTO, Dec. 30, 2025 -- Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) is pleased
to provide a review of the Company’s key accomplishments in 2025, delivering value for our owners and advancing Revival
Gold’s portfolio of gold development projects located in the western United States.
“Revival Gold continued its transformational growth delivering multiple milestones across the business. Our team did an
amazing job in 2025, and I want to thank those involved for their excellent work”, said Hugh Agro, President & CEO. “Even with
strong share price performance over 2025, Revival Gold currently trades at low multiples to intrinsic value providing exciting
future upside potential. Revival Gold has the people, assets and gold price environment to continue delivering for our owners in
2026, and we certainly look forward to the year ahead”, added Agro.
2025 Highlights
• Secured a strategic investment from Dundee Corporation , a team of mining professionals that have backed some
of the world’s most successful precious metals businesses.
• Delivered compelling economics with the Mercur Preliminary Economic Assessment 1:
◦ Average 95,600 ounces of gold per year over a 10-year mine life ;
◦ After-tax NPV of $752 million and IRR of 57% at $3,000 per ounce gold and a 5% discount rate taking the
Company’s total project NPV to $1.24 billion;
◦ Life-of-mine all-in sustaining cost of $1,363 per ounce of gold; and
◦ Expected timeline to complete mine permitting of approximately two years .
• Announced a strategic investment by EMR Capital , a specialist private equity firm with a proven track record in
global mining operations, development and investment.
• Completed a total of C$34 million in equity financing including the strategic investments by EMR Capital and
Dundee Corporation referenced above.
• Planned and executed a 115-RC and core hole drilling program at Mercur to infill inferred mineral resources,
collect metallurgical samples, and test for resources extensions.
• Released results from 46 drill holes at Mercur including the following highlights2:
◦ 3.0 g/T gold over 21.1 meters from 75.8 meters in RMC25-011
◦ 0.78 g/T over 70.1 meters from 59.4 meters in RM25-099
◦ 1.4 g/T gold over 44.2 meters from 33.5 meters in RM25-117
• Kicked-off Mercur development work and mine permit planning ahead of a planned 2026 pre-feasibility study
with:
◦ Stantec Consulting Services Inc. as principal environment and permitting consultant;
◦ Kappes, Cassiday & Associates leading metallurgy and process design; and
◦ RESPEC Company LLC retained to update the mineral resource.
• Exercised the Company’s option on 1,000 hectares of Barrick claims at Mercur to achieve consolidation of the
entire 7,200-hectare Mercur land position to secure a Carlin-style gold system in a single owner’s hands – a rarity
outside the Nevada gold majors.
• Delivered promising metallurgical test results on Beartrack-Arnett high-grade sulphides undertaken in
collaboration with Dundee Sustainable Technologies, a subsidiary of Dundee Corporation.
• At Beartrack-Arnett, mobilized an ongoing core drilling program to test for high-grade underground extensions
south of Joss.
• Augmented the corporate team with appointment of industry veteran, Scott Trebilcock, as VP Corporate
Development & Investor Relations.
1 See “Preliminary Economic Assessment NI 43-101 Technical Report on the Mercur Gold Project, Tooele & Utah Counties,
Utah, USA” prepared by Kappes, Cassidy & Associates, and RESPEC Company LLC dated May 2nd, 2025, and “Preliminary
Feasibility Study NI 43-101 Technical Report on the Beartrack-Arnett Heap Leach Project, Lemhi County, Idaho, USA”
prepared by Kappes, Cassidy & Associates, IMC, KCH and WSP, dated August 2nd, 2023, for further details.
2 See Revival Gold news releases dated October 29th and November 17th, 2025, for further details.
Qualified Persons
Technical information included in this news release was reviewed and approved by Mr. John Meyer, P.Eng., a QP
and Vice President, Engineering and Development for the Company, and Mr. Dan Pace, RM SME, a QP and Chief
Geologist for the Company.
About Revival Gold Inc.
Revival Gold is one of the largest, pure gold mine developers in the United States. The Company is advancing development of
the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project
located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX
Market under the ticker symbol “RVLGF”. The Company is headquartered in Toronto, Canada, with its exploration and
development office located in Salmon, Idaho.
For further information, please contact:
Scott Trebilcock, VP, Corporate Development & Investor Relations
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 release.
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation and
"forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively,
"forward-looking statements"). Forward-looking statements 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 effect
that the Company or management expects a stated condition or result to occur. Forward-looking statements may be 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 statements could cause actual events, results, performance, prospects, and opportunities
to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this
news release include, but are not limited to: Statements with respect to the Company’s exploration, metallurgy, permitting and
development activities, the goals and expected outcomes of the planned drilling and development program at Mercur, and the
expectation that the Company will proceed with the potential completion of a PFS and formal launch of mine permitting on the
Project.
Forward-looking statements and information involve significant known and unknown risks and uncertainties, should not be read
as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results
will be achieved. A number of factors could cause actual results to differ materially from the results expressed or implied by
such forward-looking statements or information, including, but not limited to: the Company's ability to finance the development
of its mineral properties; uncertainty as to whether there will ever be production at the Company's mineral exploration and
development properties; risks related to the Company's ability to commence production at the projects and generate material
revenues or obtain adequate financing for its planned exploration and development activities; uncertainties relating to the
assumptions underlying resource and reserve estimates; mining and development risks, including risks related to
infrastructure, accidents, equipment breakdowns, labour disputes, bad weather, non-compliance with environmental and permit
requirements or other unanticipated difficulties with or interruptions in development, construction or production; the geology,
grade and continuity of the Company's mineral deposits; the uncertainties involving success of exploration, development and
mining activities; permitting timelines; government regulation of mining operations; environmental risks; unanticipated
reclamation expenses; prices for energy inputs, labour, materials, supplies and services; uncertainties involved in the
interpretation of drilling results and geological tests and the estimation of reserves and resources; unexpected cost increases
in estimated capital and operating costs; the need to obtain permits and government approvals; material adverse changes,
unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to
contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of
exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration,
studies, development or operations. For a more detailed discussion of such risks and other factors that could cause actual
results to differ materially from those expressed or implied by such forward-looking statements, refer to other risks and
uncertainties disclosed in the Company’s public filings with Canadian securities regulators, including its most recent annual
information form and management’s discussion and analysis, available at www.sedarplus.ca. The forward-looking statements
contained in this press release are made as of the date of this press release. Except as required by law, the Company
disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the
expectations of, or statements made by, third parties in respect of the matters discussed above.