Revival Gold provides update on project development at Mercur Gold Project

Revival Gold (RVLGF) provided the latest drilling results and an update on project development at the Company’s Mercur Gold Project in Utah. Drilling Highlights: Assay results have been received from an additional nineteen drill holes with the following highlight intersections in near-surface oxide gold mineralization at Mercur: 1.8 g/T gold over 25.9 meters width at 6.1 meters downhole in RM25-144; 1.3 g/T gold over 21.9 meters width at 16.8 meters downhole in RMC25-019; and, 0.7 g/T gold over 29.0 meters width at 21.3 meters downhole in RM25-131. Results to date continue to confirm the expected tenor and leachability of mineralization and demonstrate exploration upside opportunities at Main Mercur. Development Update: Revival Gold’s lead environmental and permitting consultant, Stantec Consulting, has completed detailed work plans for baseline biological studies. Field work will commence in Q1 and is expected to be completed over the next twelve months. Discussions have been initiated with Utah regulators on the mitigation of historical mining-related archaeological sites. Phased mitigation planning by Stantec is underway with the next stage of field work expected to commence in Q2. PQ core sample selection and test preparation is underway by Revival Gold’s lead metallurgical and process design consultants, Kappes, Cassiday & Associates, for a program of approximately twenty column leach tests expected to be completed by the end of Q2. A contractor has been selected to evaluate and redevelop the historical Barrick water supply wells at Mercur. Work will commence this month.