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Revival Gold Intersects 10.1 g/t Gold Over 11.4 Meters Inside 3.5 g/t Gold Over 115.4 Meters at Beartrack-Arnett

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TORONTO, Sept. 22, 2022 (GLOBE NEWSWIRE) — Revival
Gold
Inc.
(TSXV:
RVG,
OTCQX:
RVLGF) (“Revival Gold” or the “Firm”), is happy to announce additional outcomes from the Firm’s 2022 drilling program on the Beartrack-Arnett Gold Mission (“Beartrack-Arnett”) situated in Idaho, USA.

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Highlights:

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“We’ve hit one other lengthy intercept of high-grade at Joss,” mentioned Hugh Agro, President & CEO. “Importantly, gap 242D is 150 meters deeper than earlier drilling and expands an already spectacular physique of mineralization. The Joss zone at present extends for a couple of kilometer in strike and over a mean vertical extent of about 500 meters with the typical true width of the mineralized zone estimated to be 10-30 meters thick. Additional outcomes from Joss are anticipated earlier than yr finish,” added Agro.

Particulars:

Detailed outcomes for drill gap BT22-242D launched immediately are introduced within the desk beneath:

Gap Quantity
Space
Azimuth
(deg.)
Dip
(deg.)
From
(m)
To
(m)
Drilled Width1
(m)
Fireplace Assay Gold Grade
(g/t)
BT22-242D Joss 322 -58 490.4 491.3 0.9 12.65
               
        606.0 612.1 6.1 5.44
Incl.       609.0 610.8 1.8 13.96
        648.9 764.3 115.4 3.49
Incl.       682.6 694.0 11.4 10.12
Incl.       682.6 687.1 4.5 16.62
Incl.       708.1 735.0 26.9 3.83
Incl.       721.2 730.1 8.9 5.54
Incl.       745.2 755.4 10.2 5.98
Incl.       753.4 755.4 2.0 11.38

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1 True width is estimated to be roughly 30% to 60% of drilled width, with some veinlets subparallel to the core axis. The impact of those veinlets on the consultant grade of mineralization is at present unknown. Numbers might not add up resulting from rounding.
2 The interval 591.0 m to 591.7 m had 0% restoration and was included within the interval calculation as 0.7 m at 0 g/t Au.

A grade-thickness longitudinal part exhibiting the approximate areas of 2022 accomplished and deliberate drill holes at Joss is introduced in Determine 1.

Determine 1: Joss Grade-Thickness Lengthy Part (September 2022)
https://www.globenewswire.com/NewsRoom/AttachmentNg/69975a1b-3dcc-4369-af9f-9e5590237e4a

QA/QC Program

High quality Assurance/High quality Management consists of the common insertion of licensed reference supplies, duplicate samples, and blanks into the pattern stream. Verify samples are submitted to an umpire laboratory on the finish of the drilling program. Pattern outcomes are analyzed instantly upon receipt and all discrepancies are investigated. Samples are submitted to the ALS Geochemistry pattern preparation facility in Twin Falls, Idaho. Gold analyses are carried out on the ALS Geochemistry laboratory in Reno, Nevada or Vancouver, British Columbia, and multi-element geochemical analyses are accomplished on the ALS Minerals laboratory in Vancouver, British Columbia. ALS Minerals is an ISO/IEC 17025:2017 accredited lab.

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Gold assays are decided on samples consisting of half drill core by fireplace assay and AAS on a 30-gram nominal pattern weight (Au-AA23) for Beartrack, and Fireplace Assay and AAS on a 50-gram nominal pattern weight (Au-AA24) for Arnett. For shallow holes, concentrating on leachable mineralization, gold content material can also be decided by cyanide leach with an AAS end on a nominal 30-gram pattern weight (Au-AA13). Multi aspect geochemical analyses are accomplished on chosen drill holes utilizing the ME-MS 61M technique.

Certified Particular person

Steven T. Priesmeyer, C.P.G., Vice President Exploration, Revival Gold Inc., is the Firm’s designated Certified Particular person for this information launch throughout the which means of Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Tasks and has reviewed and accepted its scientific and technical content material.

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Revival Gold Inc. is a growth-focused gold exploration and growth firm. The Firm is advancing the Beartrack-Arnett Gold Mission situated in Idaho, USA.

Beartrack-Arnett is the biggest past-producing gold mine in Idaho. Engineering work has been initiated on a Preliminary Feasibility Examine (“PFS”) for the potential restart of heap leach operations. In the meantime, exploration continues, centered on increasing the 2022 Indicated Mineral Useful resource of 65.0 million tonnes at 1.01 g/t gold containing 2.11 million ounces of gold and Inferred Mineral Useful resource of 46.2 million tonnes at 1.31 g/t gold containing 1.94 million ounces of gold (see Revival Gold NI-43-101 Technical Report dated July 13th, 2022, for additional particulars). The mineralized pattern at Beartrack extends for over 5 kilometers and is open on strike and at depth. Mineralization at Arnett is open in all instructions.

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Revival Gold has roughly 86.9 million shares excellent and an estimated money steadiness of C$7.1 million as of June 30th, 2022. All figures on this information launch are in metric items and in $US until said in any other case. Further disclosure together with the Firm’s monetary statements, technical studies, information releases and different info could be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

For additional info, please contact:

Hugh Agro, President & CEO or Melisa Armand, Supervisor, Investor Relations
Phone: (416) 366-4100 or E-mail: data@revival-gold.com

Cautionary Assertion

Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this information launch.

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This Information Launch contains sure “forward-looking statements” which aren’t comprised of historic info. Ahead-looking statements embody estimates and statements that describe the Firm’s future plans, goals or targets, together with phrases to the impact that the Firm or administration expects a said situation or end result to happen. Ahead-looking statements could also be recognized by such phrases as “believes”, “anticipates”, “expects”, “estimates”, “might”, “may”, “would”, “will”, or “plan”. Since forward-looking statements are primarily based on assumptions and tackle future occasions and situations, by their very nature they contain inherent dangers and uncertainties. Though these statements are primarily based on info at present accessible to the Firm, the Firm offers no assurance that precise outcomes will meet administration’s expectations. Dangers, uncertainties, and different elements concerned with forward-looking info may trigger precise occasions, outcomes, efficiency, prospects, and alternatives to vary materially from these expressed or implied by such forward-looking info. Ahead trying info on this information launch contains, however is just not restricted to, the Firm’s goals, targets or future plans, statements, exploration outcomes, potential mineralization, the estimation of mineral sources, exploration and mine growth plans, timing of the graduation of operations and estimates of market situations. Components that might trigger precise outcomes to vary materially from such forward-looking info embody, however aren’t restricted to failure to determine mineral sources, failure to transform estimated mineral sources to reserves, the lack to finish a feasibility research which recommends a manufacturing determination, the preliminary nature of metallurgical take a look at outcomes, delays in acquiring or failures to acquire required governmental, environmental or different venture approvals, political dangers, uncertainties regarding the supply and prices of financing wanted sooner or later, modifications in fairness markets, inflation, modifications in trade charges, fluctuations in commodity costs, delays within the growth of tasks, capital, working and reclamation prices various considerably from estimates and the opposite dangers concerned within the mineral exploration and growth business, an incapability to foretell and counteract the consequences of COVID-19 on the enterprise of the Firm, together with however not restricted to the consequences of COVID-19 on the worth of commodities, capital market situations, restriction on labour and worldwide journey and provide chains, and people dangers set out within the Firm’s public paperwork filed on SEDAR. Though the Firm believes that the assumptions and elements utilized in making ready the forward-looking info on this information launch are cheap, undue reliance shouldn’t be positioned on such info, which solely applies as of the date of this information launch, and no assurance could be on condition that such occasions will happen within the disclosed time frames or in any respect. The Firm disclaims any intention or obligation to replace or revise any forward-looking info, whether or not because of new info, future occasions or in any other case, aside from as required by legislation.

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