Revival GOLD Announces Key Board Appointments

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REVIVAL GOLD ANNOUNCES KEY BOARD APPOINTMENTS

Toronto, ON – December 19th, 2019 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or

the "Company"), a growth‐focused gold exploration and development company, announce s the

appointment of Wayne M. Hubert as Non -Executive Chairman of the Company’s Board of Directors

following the resignation of Diane R. Garrett effective December 31 st, 2019. Ms. Garrett has resigned

from Revival Gold’s Board but will continue her involvement as an Advisor.

Wayne M. Hubert, a Director of Revival Gold since December 2017, has over twenty years of senior

management experience in the mining sector. He served as President & CEO of Andean Resources Ltd.

from 2006 until 2010 when Andean was acquired by Goldcorp Inc. for $3.5 billion. Prior to Andean

Resources Ltd., Mr. Hubert was a Senior Executive with Meridian Gold Inc., previous owner of Revival

Gold’s Beartrack Gold Project (“Beartrack”) , and he served as a Finance Director at the Beartrack Mine

itself. Mr. Hubert is a Director of Austral Gold Ltd. and InZinc Mining Ltd. He earned a Bachelor of Science

degree in Chemical Engineering from the University of Cape Town (1985) and an MBA from Brigham

Young University (1990).

“Wayne has been an integral member of Revival Gold’s Board of Directors since 2017 and we are thrilled

to see him step up his involvement to become Non-Executive Chairman. Wayne’s history and experience

with Beartrack and exceptional track record of industry success will continue to serve Revival Gold well

as the Company prepares for its next phase of development”, said Hugh Agro, President & CEO. “We

wish to thank Diane for her leadership over the past two years”, Mr. Agro continued. “Diane has been

instrumental in helping to establish a solid foundation from which Revival Gold can continue to grow”.

Revival Gold also announces the appointment of Robert J. Chausse as an independent member of the

Company’s Board and Chairman of Revival Gold’s Audit Committee effective December 31 st, 2019. Mr.

Chausse is a proven leader with more than twenty-five years of international finance experience in

mining and serves as CFO of New Gold Inc. Previously, Mr. Chausse served as CFO of Richmont Mines

Inc. until the sale of the company to Alamos Gold Inc. in November 2017, CFO at Stornoway Diamonds

(2016) and EVP & CFO of AuRico Gold (2013-15). His experience also includes VP of Finance, Operations

and Projects for Kinross Gold (2009 -13). He also served as C FO for Baffinland Iron Mines Corporation

(2006-09) and held increasingly senior positions with Barrick Gold (1998 to 2006). Mr. Chausse is a

Chartered Accountant and holds a Bachelor of Commerce degree from Ryerson University (1990).

“On behalf of Revival Gold’s entire Board and Management, I am delighted to extend a warm welcome

to Rob ” said Mr. Agro. “Rob’s leadership experience in the gold industry and solid background in

accounting and finance dovetail well with Revival Gold’s requirements and will strengthen the Board’s

overall capability.

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Subject to regulatory approval, Revival Gold has granted 1,200,000 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 $ 0.72 per share for a period of

five years and are subject to vesting provisions.

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 Gold also owns rights to a 100% interest in the

neighbouring Arnett Gold Project.

In addition to its interests in Beartrack and Arnett, the Company is pursuing other gold exploration and

development opportunities and holds a 51% interest in the Diamond Mountain Phosphate Project

located in Uintah County, Utah.

Revival Gold currently has approximately 52.8 million shares outstanding and had a working capital

balance of approximately $1.6 million as at September 30th, 2019. Additional disclosure of the Company’s

financial statements, technical reports, material change 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 visit www.revival-gold.com or 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. This News Release includes certain "forward -looking statements" which are not comp rised 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 condition s, 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

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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 l ooking 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 informa tion include, but are not

limited to, 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 metallu rgical 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 marke ts, 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 dev elopment 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 relianc e 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.