REVIVAL GOLD ADVANCES MERCUR PROJECT WITH A VIEW TO BE UTAH’S NEXT NEW OPERATING GOLD MINE Toronto, ON – May 14 th, 2026 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”) is pleased to pr ovide an update on development at the Company’s Mercur Gold
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REVIVAL GOLD ADVANCES MERCUR PROJECT WITH A VIEW
TO BE UTAH’S NEXT NEW OPERATING GOLD MINE
Toronto, ON – May 14 th, 2026 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or
the “Company”) is pleased to pr ovide an update on development at the Company’s Mercur Gold
Project (“Mercur” or the “Project”) in Utah.
Highlights
• The Mercur site team, under the leadership of General Manager Tim Barnett, is scaling up
with eight staff members now driving this year’s exploration, resource delineation,
geotechnical, and hydrogeological drilling activities.
• This year’s metallurgical program comprised of twenty column leach tests to support the
Preliminary Feasibility Study (“PFS”) is in progress with Kappes Cassiday & Associates
(“KCA”) in Reno, Nevada, with initial results expected in mid-2026.
• Environmental baseline data collection , a key input to the permitting process, is on-going
under the direction of Revival Gold’s lead envi ronmental consultant, Stantec. Focus areas
include wildlife, vegetation, soils, aquatic life, hydrogeology, cultural resources, air, and
geochemistry.
• Mineral resource modeling and engineering design studies are underway with the
Company’s key technical consultants including RESPEC, WSP, and KCA.
• A legacy water well, previously us ed for Mercur milling oper ations, was surveyed and
sampled. The pump was replaced and a step draw-down pumping test to expected mine
operating requirements was successfully performed.
• This year’s previously announced 16,000-meter drilling program in support of the PFS is
now approximately 15% complete with two reverse circulation rigs drilling.
• The Mercur site office is being upgraded to support the Company’s growing team.
• Overall, the Mercur heap leach PFS remains on track for end of Q1 2027 release with
completion of mine permitting expected by year-end 2027.
“Revival Gold’s Board of Directors visited Mercur last month to meet the site team and witness
firsthand the exciting progress that has already been made this year. Momentum continues to build
with the recent hiring of additional key site sta ff and funding is in place to advance Mercur to a
construction decision”, said Hu gh Agro, President & CEO. “2026 and 2027 will be packed with
activity at Mercur as we work to deliver the ne xt new potential operating gold mine in Utah, the
Beehive State”, added Agro.
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Further to the Company’s April 28, 2026, press release in which the Company announced, among
other things, it had engaged Equity Catalyst Part ners, LLC (“ECP”) to provide the Company certain
investor relations and marketing services, the Company wishes to clarify the payment schedule of
the engagement. The Company will pay ECP US$7,50 0 per month for the term of ECP’s six-month
engagement. This corrects the prior disclosure which provided that the Company would receive
US$45,000 upfront fee for ECP’s services.
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.
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 Proj ect in Utah and ongoing exploration at the
Beartrack-Arnett Gold Project located in Idaho. Re vival 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, Cana da, with its U.S. expl oration and development
office located in Salmon, Idaho.
For further information, please contact:
Hugh Agro, President & CEO
Scott Trebilcock, VP Corporate Development & IR
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 app licable Canadian securities
legislation and "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of
1995 (collectively, "forward-looking stat ements"). 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 term s 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-
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looking statements could cause actual events, results, perf ormance, 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 view for Mercur to become Utah’s next
operating gold mine, the Company’s planned exploration and development programs at Mercur, the refurbishment of
Mercur, the timing of the Mercur PFS, the timing of completi on of mine permitting at Mercur, and that funding is in
place to advance Mercur to a construction decision.
Forward-looking statements and information involve signif icant known and unknown risks and uncertainties, should
not be read as guarantees of future pe rformance or results and will not necessar ily 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; re-allocation of funds available to the Company,
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 comme nce 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 Comp any's mineral deposits; the uncertainties involving success
of exploration, development and mining activities; permitting timelines and risks that certain necessary permits will not
be received on a timely basis or at all; government regulation of mining operations; environmental risks; unanticipated
reclamation expenses; prices for energy inputs, labour, mate rials, supplies and services; un certainties involved in the
interpretation of drilling results and geol ogical tests and the estimation of rese rves and resources; unexpected cost
increases in estimated capital and operat ing costs; the need to obtain permit s 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 mate rially from those expressed or implied by such forward-
looking statements, refer to other risk s and uncertainties disclosed in the Co mpany’s public filings with Canadian
securities regulators, including its most recent annual in formation 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 Co mpany 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.