Revival Gold provides update on drilling, development at Mercur Gold Project

Drilling Highlights: Two rigs operating at Mercur since July have completed approximately 3,200 meters of a planned 13,000-meter drilling program at Mercur this year. Six PQ core holes have been drilled to collect material from the east walls of the Main Mercur pits and Rover area for column leach testing. Twenty-two RC holes have been drilled in the Marion Hill and Rover areas to infill historical drilling. Core and chip logging is ongoing with Revival Gold (RVLGF) having implemented Datarock Pty Ltd’s geoscience platform this season to process chip tray images and utilize machine learning to help interpret the data. Optical televiewer images have been collected from two core holes to support geotechnical studies on the project. 1,300 samples have been submitted to ALS Assay Lab from sixteen holes. RC drilling has predominantly been targeted to infill Inferred Mineral Resources in the Rover area, with some holes planned to pursue potential extensions outside the existing mineral resources. Core drilling will continue to focus on collecting representative metallurgical samples throughout the Main Mercur area. Planned core drilling at South Mercur this year remains subject to permitting approval by Utah’s Division of Oil, Gas and Mining. Development Highlights Revival Gold has engaged Stantec Consulting Services Inc. and KTW Environmental Consultants to evaluate the existing environmental baseline information, identify supplemental baseline data requirements and develop baseline work plans. Kappes, Cassiday & Associates has been engaged to oversee metallurgical sample collection, design metallurgical composites in support of future metallurgical testing, and coordinate with our permitting team to develop a project description and footprint to optimize project permitting timelines and project economics. Subterra has been engaged to support drilling-related geotechnical data collection and to develop Pre-Feasibility Study-level open-pit geotechnical models. RESPEC Company has been retained to refine and update 3D models for mineral resource estimating purposes in support of a PFS. “With two rigs operating and a third on its way, we’ve completed about a quarter of the planned 13,000-meter drilling program at Mercur this year”, said Hugh Agro, President & CEO. “Meanwhile, key components of the Mercur development consulting team have coalesced under the leadership of our VP, Engineering & Development, John Meyer, in preparation for the potential completion of a PFS and the formal launch of mine permitting in 2026. Initial assay results from the drilling program are expected later this fall.”