Rev doubles size of JWM property through acquisition

Executive Summary

• Rev Exploration Corp. entered a definitive agreement to acquire 41 mining claims, doubling the size of its JMW gold property in the Chibougamau camp to ~40 km².
• Transaction consideration includes a $35,000 cash payment, issuance of $40,000 of common shares, and a 1.0 % net smelter return (NSR) with an optional 0.5 % NSR buy‑back for $750,000.
• CEO Jordan Potts highlighted the advanced drill history and strong regional prospects, indicating positive expectations for future exploration results.

Key Details

• Acquisition Scope: 41 mining claims; total JMW property now ~40 km² (approximately double previous size).
• Cash Consideration: $35,000 payable to vendor at closing.
• Equity Consideration: Issuance of $40,000 worth of Rev common shares to vendor at closing.
• Royalty Structure: Vendor receives a 1.0 % NSR on production; Rev holds an option to repurchase half (0.5 %) of the NSR for $750,000.
• Regulatory Conditions: Transaction subject to required approvals, including TSX Venture Exchange clearance and standard statutory hold periods for issued shares.
• Exploration Context: JMW property hosts >30 historic diamond drill holes with apparent gold enrichment along a six‑km felsic complex on the Caopatina formation sediment contact.
• Regional Outlook: Chibougamau camp noted as active, with nearby Iamgold successes suggesting favorable geology.

Notable Quotes

“We've been increasingly impressed with the potential of JMW which is an advanced prospect with more than 30 diamond drill holes completed historically… We look forward to providing further updates on JMW as more exploration results come in ahead of anticipated drill permits.” – Jordan Potts, CEO, Rev Exploration Corp.