Revival GOLD Intersects 3.0 G/T GOLD over 21.1 Meters at Mercur and Mobilizes Fourth Rig to Beartrack-Arnett
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REVIVAL GOLD INTERSECTS 3.0 G/T GOLD OVER 21.1 METERS AT
MERCUR AND MOBILIZES FOURTH RIG TO BEARTRACK-ARNETT
Toronto, ON – October 29th, 2025 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold”
or the “Company”) is pleased to provide an update on the ongoing drilling program at the
Company’s Mercur Gold Project (“ Mercur”) in Utah and the Beartrack -Arnett Gold Project
(“Beartrack-Arnett”) in Idaho.
Highlights
• Mobilized a new core rig to Beartrack-Arnett bringing the total number of rigs drilling on the
Company’s projects to four.
• At Mercur, received assay results from 16 additional drill holes with the following highlight
intersections:
o 0.77 g/t gold over 38.1 meters width in RM25-093
o 3.93 g/t gold over 3 meters and 0.78 g/t gold over 70.1 meters width in RM25-099
o 3.02 g/t gold over 21.1 meters width in RMC25-011
• Revival Gold has completed 70 holes, and 7,500 meters of this year’s planned 13,000-meter
program at Mercur
• Drilling is now underway at both Mercur and Beartrack- Arnett. Additional results are
pending.
“Revival Gold’s Mercur – a shallow open pit heap leach gold project – continues to see long
intercepts of excellent grade”, said Hugh Agro, President & CEO. “We are 55% through the program
and are excited about the pending results . This year’s drilling is in support of a planned 2026 pre-
feasibility study, the next step on the path to restarting production at Mercur.”
Mr. Agro continued, “We are also pleased to see a fourth rig arriving at Beartrack -Arnett in Idaho
where Revival Gold is targeting new high-grade areas to expand our already large resource base at
the project. The new rig is turning, and we expect to see initial results in December.”
Beartrack-Arnett Details
At Beartrack-Arnett, drilling commenced October 12th on a planned 3,900-meter core program to
test and expand on the high-grade underground potential at the new Sharkey target area and at
Joss. Drilling at Joss is targeted to follow up on Revival Gold’s 2021 and 2022 programs which
intersected:
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• 3.49 g/t over 115.4 meters including 10.12 g/t gold over 11.4 meters in BT22-242D
• 4.34 g/t over 110.6 meters including 12 g/t gold over 13.7 meters and 8.8 g/t gold over
11.8 meters in BT21-240D
See press releases dated December 2nd, 2021, and September 22nd, 2022, for details on past drilling
at Joss.
Mercur Details
The program at Mercur commenced on July 12 th and is planned for 13,000 meters. Drilling is
ongoing with two RC drilling rigs and one core drilling rig focused on upgrading Inferred Mineral
Resources and the collection of material for metallurgical testing. As of October 26, 2025, Revival
Gold has completed 70 holes and 7,500 meters. Data collected will support the Company’s planned
2026 pre-feasibility study ( “PFS”), a major milestone on the path to re starting gold production at
Mercur.
In general, mineralization and leachability results collected to -date at Mercur are consistent with
the Inferred Mineral Resource and metallurgical models developed for the Mercur Preliminary
Economic Assessment (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).
Figure 1 describes drill hole locations for the results released today. F ull drill results are presented
in Table 1.
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Figure 1: Main Mercur Drill Plan Map
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Table 1: Detailed Drill Results
Hole
Number Area Azimuth
(deg.)
Dip
(deg.)
From
(m)
To
(m)
Drilled
Width1
(m)
Fire
Assay
Gold
Grade3
(g/t)
AuCN/AuFA
Ratio (%)2
RMC25-011 Golden Gate 320 -55 75.8 96.9 21.1 3.02 44
102.0 106.7 4.7 1.95 87
141.7 148.3 6.6 0.73 91
RMC25-012 Sacramento 90 -50 Lost short of target, not assayed
RMC25-013 Mercur Hill 245 -75 68.8 78.9 10.1 0.65 70
104.2 105.8 1.5 0.37 89
105.8 108.7 Insufficient recovery to assay
108.7 124.4 15.8 0.55 85
RM25-089 Marion Hill 90 -60 44.2 79.2 35.1 0.59 88
105.2 109.7 4.6 0.34 95
RM25-093 Marion Hill 210 -55 41.1 79.2 38.1 0.77 83
RM25-097 Marion Hill 30 -75 54.9 70.1 15.2 0.77 68
RM25-098 Rover 275 -70 32.0 36.6 4.6 2.28 99
57.9 80.8 22.9 0.66 82
RM25-099 Rover 265 -85 33.5 36.6 3.0 3.93 99
59.4 129.5 70.1 0.78 92
RM25-102 Marion Hill 105 -65 54.9 68.6 13.7 0.45 93
RM25-103 Marion Hill 40 -65 53.3 67.1 13.7 0.38 90
RM25-104 Rover 160 -60 1.5 9.1 7.6 0.56 98
41.1 59.4 18.3 0.54 79
RM25-105 Rover 245 -55 3.0 7.6 4.6 0.61 100
24.4 44.2 19.8 0.39 96
RM25-106 Rover 240 -55 27.4 42.7 15.2 0.44 58
47.2 57.9 10.7 0.47 96
RM25-107 Rover 335 -65 29.0 45.7 16.8 0.42 96
RM25-108 Rover 330 -70 7.6 10.7 3.0 0.31 93
27.4 62.5 35.1 0.42 90
RM25-109 Rover 235 -55 30.5 68.6 38.1 0.36 71
74.7 77.7 3.0 0.49 74
1 True width for all holes is estimated to be 65-100% of drilled width. Numbers may not add up due to rounding.
2 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.
3 Mineralized intercepts calculated based on a 0.17 g/t cutoff grade allowing up to 2 intervals of internal dilution.
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The Mercur property includes interests optioned from Barrick Resources (USA) Inc. and others as
summarized in the Company’s 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, for further details.
QA/QC Program
Quality Assurance/Quality Control consists of the regular insertion of certified reference materials,
duplicate samples, and blanks into the sample stream. Sample results are analyzed immediately
upon receipt, and all discrepancies are investigated. Samples are submitted to the ALS
Geochemistry sample preparation facility in Elko, Nevada. Gold analyses 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 circulation 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 submitted for assay , one quarter is kept for sample
archive, and one half is preserved for future metallurgical column tests. For samples containing
greater than 100 ppb Au as determined by Fire Assay, gold content is also determined by cyanide
leach with an AAS finish on a nomin al 30 -gram 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 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.
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For further information, please contact:
Scott Trebilcock, VP, Corporate Development & Investor Relations
Telephone: (416) 366-4100 or Email: [email protected]
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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
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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 , metallurgy, permitting and development activities, the goals and expected
outcomes of the planned drilling and development program at Mercur, and the expectation that the Company will proceed with the
potential completion of a PFS and formal launch of mine permitting on the Project.
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-
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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, equipment
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 Company'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 justify and
support continued exploration, studies, development or operations. For a more detailed discussion of such risks and other fac tors
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 regulators, 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
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