Mr. Hugh Agro reports

REVIVAL GOLD 2025 YEAR IN REVIEW

Revival Gold Inc. has provided a review of the company's key accomplishments in 2025, delivering value for the company's owners and advancing Revival Gold's portfolio of gold development projects located in the Western United States.

"Revival Gold continued its transformational growth delivering multiple milestones across the business. Our team did an amazing job in 2025, and I want to thank those involved for their excellent work," said Hugh Agro, president and chief executive officer. "Even with strong share price performance over 2025, Revival Gold currently trades at low multiples to intrinsic value providing exciting future upside potential. Revival Gold has the people, assets and gold price environment to continue delivering for our owners in 2026, and we certainly look forward to the year ahead," added Mr. Agro.

2025 highlights

• Secured a strategic investment from Dundee Corp., a team of mining professionals that have backed some of the world's most successful precious metals businesses;
• Delivered compelling economics with the Mercur preliminary economic assessment:
  • Average 95,600 ounces of gold per year over a 10-year mine life;
  • After-tax NPV (net present value) of $752-million and IRR (internal rate of return) of 57 per cent at $3,000 per ounce gold and a 5-per-cent discount rate taking the company's total project NPV (net present value) to $1.24-billion;
  • Life-of-mine all-in sustaining cost of $1,363 per ounce of gold;
  • Expected timeline to complete mine permitting of approximately two years.
• Announced a strategic investment by EMR Capital, a specialist private equity firm with a proven record in global mining operations, development and investment;
• Completed a total of $34-million in equity financing including the strategic investments by EMR Capital and Dundee Corp. referenced above;
• Planned and executed a 115 reverse circulation and core hole drilling program at Mercur to infill inferred mineral resources, collect metallurgical samples and test for resources extensions.
• Released results from 46 drill holes at Mercur including the following highlights:
  • 3.0 grams per tonne gold over 21.1 metres from 75.8 metres in RMC25-011;
  • 0.78 g/t over 70.1 metres from 59.4 metres in RM25-099;
  • 1.4 g/t gold over 44.2 metres from 33.5 metres in RM25-117.
• Kicked off Mercur development work and mine permit planning ahead of a planned 2026 prefeasibility study with:
  • Stantec Consulting Services Inc. as principal environment and permitting consultant;
  • Kappes, Cassiday & Associates leading metallurgy and process design;
  • Respec Company LLC retained to update the mineral resource.
• Exercised the company's option on 1,000 hectares of Barrick claims at Mercur to achieve consolidation of the entire 7,200-hectare Mercur land position to secure a Carlin-style gold system in a single owner's hands -- a rarity outside the Nevada gold majors;
• Delivered promising metallurgical test results on Beartrack-Arnett high-grade sulphides undertaken in collaboration with Dundee Sustainable Technologies, a subsidiary of Dundee Corp.;
• At Beartrack-Arnett, mobilized a continuing core drilling program to test for high-grade underground extensions south of Joss;
• Augmented the corporate team with appointment of industry veteran, Scott Trebilcock, as vice-president, corporate development and investor relations.

Qualified persons

Technical information included in this news release was reviewed and approved by John Meyer, PEng, a QP and vice-president, engineering and development for the company, and 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 continuing 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.

We seek Safe Harbor.