Revival GOLD Commences 2025 Field Work and Provides Operational Update
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REVIVAL GOLD COMMENCES 2025 FIELD WORK AND
PROVIDES OPERATIONAL UPDATE
Toronto, ON – May 20th, 2025 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or
the “Company”) is pleased to announce the start of this year’s field work and provide an update on
operational activities at the Company’s gold development projects in Utah and Idaho, U.S.A.
Mercur Gold Project, Utah
• Soil Sampling Program – A comprehensive program of approximately 1,000 soil samples
over an area of about 5.7 square kilometers has now been completed by Revival Gold
contractor, North American Exploration Services Inc. The program is intended to establish a
robust base of geochemical data to help guid e resource conversion and expansion drilling
north and west of the historically mined Main Mercur area. Submission of assays for the
newly collected soil samples is targeted for late May. Results are expected this summer.
• Archaeological Survey ing – Bighorn Archaeological LLC, on behalf of Revival Gold,
completed several new archeological surveys this spring in support of permitting for Revival
Gold’s planned drilling at Mercur this year . The Company expects to expand on
archaeological survey work later this year to supplement the available baseline data for
mine permitting purposes.
• Drill Permitting & Preparations – Revival Gold’s technical team has completed collar design
and site scouting for a proposed program encompassing approximately 13,000 meters of RC
and core drilling in 2025. Permit applications have been submitted to the Utah Division of
Oil, Gas and Mining (“DOGM”) for the South, Main, and Rover areas. Approvals are expected
this summer for an initial phase of drilling designed to support metallurgical testing,
resource conversion, and resource expansion drilling. Site facilities are being readied with
the expansion of the existing core logging and storage facilities.
Beartrack-Arnett Gold Project, Idaho
• Metallurgical Testing Program – Revival Gold submitted approximately 60 kilograms of drill
core samples from the Joss target area at Beartrack -Arnett to the Dundee Sustainable
Technologies’ (“DST”) laboratory in Thetford Mines, Quebec for metallurgical testing. The
purpose of the testing program is to evaluate the effectiveness of DST’s GlassLock Process™
and CLEVR Process™ on high-grade, arsenopyrite-rich samples from Joss. GlassLock is an
arsenic removal and stabilization process and CLEVR is a non -cyanide gold extraction
process.
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• Exploration Drill Program Preparations – A follow up program of approximately 4,000
meters of drilling has been proposed for targets along strike and south of the Joss area
where Revival Gold intersected 14.2 meters of 6.17 g/t gold in BT22-241D which is the most
southerly hole along over 5 kilometers of mineralized strike to intercept the full Panther
Creek Shear Zone (see Revival Gold news release dated September 12 th, 2022, estimated
true thickness of intercept is 6.3 meters). Drill permitting is in place and preparations are
being made to commence field work later this year.
• Baseline Studies – Additional baseline study work for the first phase heap leach project at
Beartrack-Arnett is expected to proceed as funding allows.
“Field work is well underway at Mercur and we are excited about the opportunities to add value to
the project through drilling, metallurgical de -risking, and the collection of archeological data to
support permitting”, said Hugh Agro, President & CEO. “At Beartrack -Arnett, we’ve prioritized
exploration of the project’s exciting high grade underground potential. We are in the enviable
position of owning two high quality development projects . The projects naturally sequence with
Mercur expected to be the first to production and Beartrack -Arnett offering our shareholders
significant upside potential through ongoing exploration”, added Agro.
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:
Hugh Agro, President & CEO or Lisa Ross, Vice President & CFO
Telephone: (416) 366-4100 or Email: [email protected]
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Cautionary Statement
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture
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 th e
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 uncertain ties.
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 and development activities, that the soil sampling program at the Mercur
Gold Project may establish a robust base of geochemical data to help guide resource conversion and expansion drilling; the scope a
nd timing of the soil sampling program at Mercur; the expectation to expand on the archaeological survey work at Mercur later this
year; the expectation to receive drill permits for the planned drill program at Mercur and the timing thereof and of the comm ence
of the drill program; the goals and expected outcomes of the planned drill program at Mercur; the planned drill program at Beartrack-
Arnett; the potential for baseline study work to be completed at Beartrack -Arnett, and the expectation the Mercur will reach
production and the timing thereof.
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 wi ll be
achieved. A number of factors could cause actual results to differ materially from the results expressed or implied by such f orward-
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 underlyi ng
resource and reserve estimates; mining and development risks, including risks related t o infrastructure, accidents, equipme nt
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 Compa ny'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 jus tify 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 regul ators, 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 disclai ms 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.