Revival GOLD Intercepts 1.0 G/T GOLD over 30 Meters and Extends Mineralization at Mercur Project IN Utah
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REVIVAL GOLD INTERCEPTS 1.0 G/T GOLD OVER 30 METERS AND
EXTENDS MINERALIZATION AT MERCUR PROJECT IN UTAH
Toronto, ON – February 10th, 2026 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold”
or the “Company”) is pleased to provide the latest drilling results from the 2025 drilling program at
the Company’s Mercur Gold Project (“Mercur”) located in Utah.
Drilling Highlights
• Assay results have been received from an a dditional twenty drill holes with the following
highlight intersections in near-surface oxide gold mineralization at Mercur:
o 1.0 g/T gold over 30.5 meters width at 25.9 meters downhole in RM25-165;
o 0.74 g/T gold over 38.1 meters width at 16.8 meters downhole in RM25-164; and
o 0.9 g/T gold over 30.5 meters width at 13.7 meters downhole in RM25-163.
• Additionally, drilling has extended gold mineralization outside the known Mineral Resource1
north of the Rover area in holes RM25-155 and RM25-157 with:
o 1.0 g/T gold over 10.7 meters width at 59.4 meters downhole in RM25-155; and
o 1.3 g/T gold over 15.2 meters width at 80.8 meters downhole in RM25-155.
• Continued confirmation of gold occurrence, grade and leachability with 2025 Preliminary
Economic Assessment (“PEA”) estimates.1
• Average vertical depth to start of mineralizatio n is about 32 meters for holes released to-
date, reflecting the shallow nature of the Mercur mineralization.
1 See “Preliminary Economic Assessment NI 43-101 Technical Report on the Mercur Gold Project, Tooele & Utah Counties, Utah,
USA” prepared by Kappes, Cassidy & Associates, and RESPEC Company LLC, dated May 2nd, 2025.
“Revival Gold’s 2025 drilling at Mercur was primarily designed to upgrade resources on the project,
but we also wanted to test for near resource extensions where possible. Today’s results in RM25-
155 and RM25-157 drilled below a so il geochem anomaly north of Ro ver confirms the exciting
prospectivity of this area.”, said Hugh Agro, President & CEO.
Mr. Agro continued, “Revival Gold holds a 7,200-hectare land package that was previously fractured
between past operators Homestake and Barrick. Wi th the project now cons olidated, our team is
promptly moving Mercur throug h redevelopment while continuing to demonstrate opportunities
for future resource growth ahead.”
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Mercur Drilling Details
The 2025 drilling program at Mercur finished in Dece mber with 115 RC and core holes completed.
86 holes have been released to-date. Data collected will support the Company’s planned pre-
feasibility study, a major milestone on the path to restarting gold production at Mercur.
Drilling results collected to-date at Mercur are genera lly consistent with the Inferred Mineral
Resource and metallurgical models developed for the Mercur PEA.
Figure 1 describes drill hole locations for the result s released today. Full drill results are presented
in Table 1 below.
Figure 1: Main Mercur Drill Plan Map – February 10th, 2026 Results
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RM25-155 and RM25-157 intercepted multiple zones of oxide mineralization outside the resource
pit area to the north of Rover. The mineralizatio n is consistent with a soil anomaly northeast of
Rover and could extend further north (see Figure 2 for details ). Hole RM- 157 bottomed in
mineralization after being terminated short of target depth.
Figure 2 – Northeast Rover Target and Highlight Intercepts
Note: Details for drill hole RM25-117 are available in Revival Gold news release dated November 17, 2025, and details for drill hole EN054 are available
in the Preliminary Economic Assessment NI 43- 101 Technical Report on the Mercur Gold Pr oject, Tooele & Utah Counties, Utah, USA ” prepared by
Kappes, Cassidy & Associates, and RESPEC Company LLC, dated May 2nd, 2025.
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Table 1: Detailed Drill Results
Hole Number Area Azimuth
(deg.)
Dip
(deg.)
From
(m) To (m)
Drilled
Width
(m)1
Fire
Assay
Gold
Grade
(g/t)2
AuCN/AuFA
Ratio (%)3
RM25-143 Rover 120 60 30.5 45.7 15.2 0.25 79
RM25-148 Marion Hill 330 80 24.4 41.1 16.8 0.31 82
RM25-149 Rover 215 55 NSI 4
RM25-150 Marion Hill 150 60 16.8 54.9 38.1 0.59 82
RM25-151 Marion Hill 150 60 9.1 27.4 18.3 0.57 65
RM25-1525 Marion Hill 150 60 NSI 4
RM25-155 Rover 40 60 59.4 70.1 10.7 1.02 79
80.8 96.0 15.2 1.34 56
141.7 152.4 10.7 0.48 62
RM25-156 Marion Hill 315 60 12.2 50.3 38.1 0.40 89
117.3 126.5 9.1 0.38 91
RM25-1575 Rover 280 50 36.6 50.3 13.7 0.45 60
54.9 61.0 6.1 0.35 76
RM25-1586 Rover 145 75 19.8 22.9 3.0 0.34 91
62.5 71.6 9.1 0.51 90
115.8 120.4 4.6 0.33 73
RM25-1596 Rover 80 70 19.8 22.9 3.0 0.56 94
71.6 108.2 36.6 0.40 80
RM25-160 Rover 170 70 13.7 16.8 3.0 0.34 93
48.8 59.4 10.7 0.27 94
67.1 77.7 10.7 0.37 87
RM25-162 Marion Hill 295 55 4.6 41.1 36.6 0.72 81
RM25-163 Marion Hill 185 60 13.7 44.2 30.5 0.91 76
RM25-164 Marion Hill 310 55 16.8 54.9 38.1 0.74 86
RM25-165 Marion Hill 135 65 25.9 56.4 30.5 1.01 84
RM25-1706 Marion Hill 95 65 6.1 15.2 9.1 0.24 59
25.9 65.5 39.6 0.45 83
RMC25-020 Marion Hill 0 90 60.6 79.6 19.0 0.77 94
RMC25-022 Rover 120 70 53.3 69.3 15.9 1.12 83
RMC25-023 Rover 65 70 18.4 33.2 14.8 0.46 84
1 True width for all holes is estimated to be 70-100% of drilled width. Numbers may not add up due to rounding.
2 Mineralized intercepts calculated based on a 0.17 g/t cutoff grade allowing up to 2 intervals of internal dilution.
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3 AuCN/AuFA is the ratio of cyanide soluble gold assay to total gold in fire assay and provides an indication of
potential heap leach recoverability for the material sampled.
4 NSI stands for no significant intercept above the 0.17 g/t cutoff grade.
5 Drillhole lost short of target stratigraphy
6 No recovery and non-assayed intervals are assigned a 0 value for intercept calculation.
The Mercur property includes interests optioned from Barrick Resources (USA) Inc. and others as
summarized in the PEA.
QA/QC Program
Quality Assurance/Quality Control consists of the regular insertion of certified reference materials,
duplicate samples, and blanks into the sample st ream. Sample results are analyzed immediately
upon receipt, and all discrepancies are inve stigated. Samples are submitted to the ALS
Geochemistry sample preparation facility in Elko, Nevada. Gold an alyses are performed at the ALS
Geochemistry laboratory in Reno, Nevada or Vancouver, British Columbia, and multi-element
geochemical analyses are completed at the ALS Minerals laboratory in Vancouver, British Columbia.
ALS Minerals is an ISO/IEC 17025:2017 accredited lab.
Gold assays are determined on reverse circulatio n drill cuttings and quarter-sawn PQ core by fire
assay and Atomic Absorption Spectroscopy (AAS) on a 30-gram nominal sample weight (Au-AA23).
One quarter of the PQ core samples were submi tted for assay, one quarter is kept for sample
archive, and one half is preserved for future me tallurgical column tests. For samples containing
greater than 100 ppb Au as determin ed by Fire Assay, gold content is also determined by cyanide
leach with an AAS finish on a nominal 30-gr am sample weight (Au-AA13). Multi-element
geochemical analyses are completed on composites samples from selected drill holes using the ME-
MS 41 method.
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 th e ticker symbol “RVG” and trades on the OTCQX Market under
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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:
Scott Trebilcock, VP, Corporate Development & Investor Relations
Telephone: (416) 366-4100 or Email: [email protected]
Cautionary Statement
Neither the TSX Venture Exchange nor its Regulation Services Provid er (as that term is defined in the policies of the TSX Ventu re Exchange) accepts
responsibility for the adequacy or accuracy of this release.
This press release contains "forward-lookin g information" within the meaning of app licable Canadian securities legislation and "forward-looking
statements" within the meaning of the U.S. Private Securities L itigation Reform Act of 1995 (collectively, "forward-looking sta tements"). 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 the Company or management expects a stated condition or r esult 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 natur e 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 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 re lease include, but are not limited to: Statements with respect to the Company’s
exploration, metallurgy, permitting and development activities, the goals and expected outcomes of the planned drilling and development program
at Mercur, and the expectation that the Co mpany will proceed with the potential comp letion of a pre-feasibility study and form al launch of mine
permitting on the Project.
Forward-looking statements and information involve significant kn own 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 will be achieved. A number of factors
could cause actual results to differ materia lly from the results expressed or implied by such forward-looking statements or inf ormation, 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 explor ation and development activities; uncertainties relating to the
assumptions underlying resource and reserve estimates; mining and development risks, including risks related to infrastructure, accidents, equipment
breakdowns, labour disputes, bad weather, non-compliance with environmental and permit requirements or other unanticipated difficulties with or
interruptions in development, co nstruction or production; the geol ogy, grade and continuity of the Company's mineral deposits; the uncertainties
involving success of exploration, develo pment and mining activities; permitting timelin es; government regulation of mining oper ations;
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 a pprovals; 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 exploratio n programs or studies to deliver anticipated results or resul ts that would justify
and support continued exploration, studies, development or operations. For a more deta iled discussion of such risks and other f actors that could
cause actual results to differ materially fr om those expressed or implied by such fo rward-looking statements, refer to other ri sks and uncertainties
disclosed in the Company’s public filings with Canadian securities regulators, including its most recent annual information for m and management’s
discussion and analysis, available at www.sedarplus.ca. The forwar d-looking statements contained in this press release are made as of the date of
this press release. Except as required by law, the Company disclaims 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.