Revival GOLD Completes Acquisition of Ace Mineral Claims
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REVIVAL GOLD COMPLETES
ACQUISITION OF ACE MINERAL CLAIMS
Toronto, ON – September 14th, 2022 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival
Gold” or the “Company”), is pleased to announce that it has completed the acquisition of the ACE
Mineral Claims (“ACE Claims”) which are located within the Beartrack-Arnett Gold Project
(“Beartrack-Arnett”) located in Lemhi County, Idaho, USA.
On September 12th, 2022, the Company paid the remaining US$500,000 option payment under the
Bull Run Agreement (announced June 30, 2017) fulfilling all requirements to acquire a 100% interest
in the ACE Claims consisting of 68 unpatented mineral claims totaling approximately 571 hectares.
The ACE Claims border the known Mineral Resources at Beartrack -Arnett and host several
additional prospective gold exploration targets.
“We are pleased to have consolidated a 100% interest in the ACE Claims and to have further
strengthened Revival Gold’s land position at Beartrack-Arnett”, said Hugh Agro, President and CEO.
Qualified Persons
Steven T. Priesmeyer, C.P.G., Vice President Exploration, is the Company’s designated Qualified
Persons for this news release within the meaning of National Instrument 43 -101 Standards of
Disclosure for Mineral Projects and have reviewed and approved its scientific and technical content.
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. Engineering work has been
initiated on a Preliminary Feasibility Study (“PFS”) for the potential restart of heap leach operations.
Meanwhile, exploration continues, focused on expanding the 2022 Indicated Mineral Resource of
65.0 million tonnes at 1.01 g/t gold containing 2.11 million ounces of gold and Inferred Mineral
Resource of 46.2 million tonnes at 1.31 g/t gold containing 1.94 million ounces of gold (see Revival
Gold independent NI-43-101 Technical Report by Wood plc dated July 13th 2022 for further details).
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.
Revival Gold has approximately 86.9 million shares outstanding and an estimated cash balance of
C$7.1 million as of June 30 th, 2022. All figures in this press release are in metric units and in $US
unless stated otherwise. Additional disclosure including the Company’s financial statements,
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technical reports, news releases and other i nformation 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 Melisa Armand, Investor Relations
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 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 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 objectives, goals or future plans, statements, exploration results, potential mineralization,
the estimation of mineral resources, exploration and mine development plans, timing of the commencement of
operations and est imates of market conditions. Factors that could cause actual results to differ materially from such
forward-looking information 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 metallurgical test results, delays in obtaining or failures to obtain required
governmental, environmental or other project approvals, politi cal 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, an inability to predict
and counteract the effects of COVID -19 on the business of the Company, including but not li mited to the effects of
COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and
supply chains, 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.