Revival GOLD Announces Agm Results and Option Grant
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REVIVAL GOLD ANNOUNCES AGM RESULTS
AND OPTION GRANT
Toronto, ON – November 24th, 2020 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival
Gold” or the "Company") , a growth -focused gold exploration and development company,
announces voting results for the election of directors at its Annual General Meeting (“AGM”) of
Shareholders held on November 24th, 2020, in Toronto.
A total of 33,508,817 common shares representing 47.1% of the Company’s issued and outstanding
shares were voted in connection with the AGM. Shareholders approved all items of business before
the AGM including the election of Directors as follows:
Director Nominees Votes For % of Votes Cast
Wayne Hubert 27,043,048 99.8%
Hugh Agro 27,063,304 99.9%
Donald Birak 27,043,048 99.8%
Robert Chausse 27,049,219 99.9%
Maura Lendon 27,033,219 99.8%
Michael Mansfield 27,047,219 99.9%
Carmelo Marrelli 24,509,469 90.5%
Following the AGM, Revival Gold re -appointed Wayne Hubert as Chairman of the Board, Robert
Chausse as Audit Committee Chair, Carmelo Marrelli as Compensation Committee Chair and Donald
Birak as Technical, Safety, Environment and Social Responsibility Commi ttee Chair, and appointed
Maura Lendon as Corporate Governance and Nominating Committee Chair.
Subject to regulatory approval, Revival Gold has granted 1,325,000 incentive stock options to
directors, officers, and consultants of the Company as part of its annual compensation plan.
Pursuant to the Company’s Stock Option Plan, the options are exercisable at a price of $ 1.00 per
share for a period of five years and are subject to vesting provisions.
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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 Idaho, USA. Revival Gold also owns rights to a 100% interest in
the neighboring Arnett Gold Project.
Beartrack-Arnett is the largest past -producing gold mine in Idaho . A Preliminary Economic
Assessment has been completed for a first phase restart of heap leach operations to produce 72,000
ounces of gold per year over an initial seven -year mine life at an AISC of $1,057 per ounce of gold.
Meanwhile, exploration continues focused on expanding the current Indicated Mineral Resource of
36.6 million tonnes at 1.15 g/t gold containing 1.36 million ounces of gold and Inferred Mineral
Resource of 47.1 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, and data verification, please see the Company’s press release dated November
17th, 2020 and NI 43 -101 compliant technical report titled “Technical Report on the Beartrack -
Arnett Gold Project, Lemhi County, Idaho, USA” dated February 21st, 2020.
Revival Gold has ap proximately 71.2 million shares outstanding and had a cash balance of
approximately C$12.7 million on September 30 th, 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 tha t 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 Preside nt Exploration, Revival Gold Inc. and Rodney A. Cooper,
P.Eng., a consultant to Revival Gold Inc. , Qualified Person s within the meaning of National
Instrument 43-101 – Standards of Disclosure for Mineral Projects.
This News Release includes certain “forwa rd-looking statements” which are not comprised of
historical facts. Forward -looking statements include estimates and statements that describe the
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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 w ill 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 f orward-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 additional mineral resources, failure to convert estimated mineral resources to reserves
with more advanced studies , the inability to eventually complete a feasibility study which could
support a production decision, the preliminary nature of metallurgical test resul ts may not be
representative of the deposit as a whole , 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 information, 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.