Mr. Jordan Potts reports

REV ARRANGES $4 MILLION PRIVATE PLACEMENT WITH ERIC SPROTT

Rev Exploration Corp. has arranged a strategic non-brokered private placement with Eric Sprott for gross proceeds of $4.0-million. This private placement is for 4,210,526 units of the company at 95 cents per unit through 2176423 Ontario Ltd., a corporation beneficially owned by Mr. Sprott.

Each unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will entitle Mr. Sprott to purchase one common share at a price of $1.20 per warrant share for a period of 24 months from the closing date of the private placement. All securities issued in connection with the private placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation.

Jordan Potts, chief executive officer of Rev, commented: "Mr. Eric Sprott's continued support is a strong endorsement of Rev's strategy and the significant potential of our exploration portfolio. The proceeds from the private placement will allow us to accelerate exploration and development activities across our helium and natural hydrogen assets at a time when global demand for secure, domestic sources of these commodities continues to grow. We believe these resources are becoming increasingly strategic in the evolving energy and technology landscape, and Rev is well positioned to capture that opportunity."

The private placement is subject to the approval of the TSX Venture Exchange and other applicable regulatory approvals and is expected to close on or around May 29, 2026. The company will pay a finder's fee of 5 per cent in cash in connection with the private placement. The company intends to use the net proceeds from the private placement to finance its exploration activities and for general working capital purposes.

Mr. Sprott currently holds more than 10 per cent of the issued and outstanding common shares. As a result, his participation in the private placement will constitute a related party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Securityholders in Special Transactions. The company intends to rely on the exemptions from the formal valuation and minority shareholder approval requirements under sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair market value of the units to be issued to Mr. Sprott, and the consideration to be paid by him, will not exceed 25 per cent of the company's market capitalization.

About Rev Exploration Corp.

Rev is a mineral exploration company with a diversified portfolio of strategic mining assets, together with meaningful and growing exposure to the helium and natural hydrogen sectors in Western Canada and the Western United States. The company has acquired a 100-per-cent interest in a series of PNG leases along the Alberta-Montana border, including the drill-ready Aden Dome project, and owns six million shares of Max Power Mining Corp. which recently made Canada's first-ever drilling discovery of natural hydrogen in Saskatchewan.

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