Revival GOLD Appoints John Meyer Vice President, Engineering & Development
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REVIVAL GOLD APPOINTS JOHN MEYER
VICE PRESIDENT, ENGINEERING & DEVELOPMENT
Toronto, ON – December 7th, 2021 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold”
or the “Company”), is pleased to announce the appointment of Boise, Idaho based industry veteran,
John Meyer, as the Company’s Vice President, Engineering & Development . Mr. Meyer’s 30 -year
career in the gold business has included senior leadership roles in mine permitting and
development, underground and open pit engineering as well as reclamation and mine closure. Mr.
Meyer has worked on some of the most high -profile gold projects in the Americas, including the
Stibnite project in Idaho and the Fruta del Norte project in Ecuador.
Mr. Meyer brings additional management depth and experience to Revival Gold having spent much
of his career in senior and international project management positions leading multi-disciplinary
teams with gold majors including Barrick Gold and Kinross Gold . Most recently Mr. Meyer served
as Vice President, Development , with Perpetua Resources . Mr. Meyer hol ds a B.Sc. in Civil
Engineering and a B.Sc. in Geophysics, both from the University of Western Ontario, Canada.
“We are thrilled to welcome John to Revival Gold’s leadership team. John’s outstanding technical
credentials and recent relevant experience in Idaho will bolster Revival Gold’s capabilities and
leadership as we advance towards the responsible re-development of the Beartrack-Arnett gold
project,” said Hugh Agro, Revival Gold, President & CEO . “2022 will be a pivotal year for Revival
Gold as we accelerate optimization initiatives, permitting preparations and development plans for
the potential restart of operations . John’s extensive engineering and operating experience, both
internationally and in Idaho, is a terrific fit with our business”, Agro added.
“I am excited to join Revival Gold and to help lead the Beartrack -Arnett project towards
development. The Company is well on its way with a growing resource base, proven metallurgy ,
and considerable existing infrastructure. The project is one that can make a significant contribution
to Idaho with minimal new development disturbance since much of the first phase operation is
located on the previously developed Beartrack site,” said Meyer.
Revival Gold, Mr. Meyer and Perpetua Resources have agreed to facilitate an orderly transition of
Mr. Meyer’s leadership responsibilities and duties to Revival Gold for the mutual benefit of all
concerned. Subject to regulatory approval, Revival Gold has g ranted Mr. Meyer 200,000 incentive
stock options in connection with his appointment. Pursuant to the Company’s Stock Option Plan,
the options are exercisable at a price of $0.70 each 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 is
advancing the Beartrack-Arnett Gold Project located in Idaho, USA.
Beartrack-Arnett is the largest past -producing gold mine in Idaho. A Prel iminary 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 $1,057 per ounce of gold.
Meanwhile, exploration continues, focused on expanding the current Indicated Mineral Resource
of 36.6 million tonnes at 1.15 g/t gold containing 1.36 million ounces of gold and Inferred Mineral
Resource of 47.1 million tonnes at 1.08 g/t gold containing 1.64 million ounces of go ld. The
mineralized trend at Beartrack extends for over five kilometers and is open on strike and at depth.
Mineralization at Arnett is open in all directions.
For further details, including key assumptions, parameters and methods used to estimate the
Mineral Resources, and data verification, please see the Company’s NI 43 -101 compliant technical
report titled , “Preliminary Economic Assessment of the Heap Leach Operation on the Beartrack
Arnett Gold Project, Lemhi County, Idaho, USA – NI 43-101 Technical Report”, dated December 17th,
2020.
Revival Gold has approximately 71. 4 million shares outstanding and had a cash balance of C$ 3
million on September 30th, 2021. 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 Lisa Ross, 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 Exp loration, Revival Gold Inc., and Mr. Rodney A.
Cooper, P.Eng., a consultant to the Company, Qualified Persons 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
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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
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 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 natu re of metallurgical test results 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 estimate s 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.