Drilling Intersects 14.9 g/t Gold over 5.9 Meters and Extends Depth of Mineralization by 240 Meters at Joss

Revival Gold Inc. (RVG) reported high-grade drill results from the Joss area at its Beartrack-Arnett Project in Idaho. Hole BT26-254D intercepted 2.37 g/t Au over 147.2m, including 14.9 g/t Au over 5.9m at 861m downhole. These results extend the known depth of underground sulphide mineralization to approximately 850 meters below surface, representing a 240-meter vertical step-out.

The 2026 drilling program has completed approximately 5,500 meters of core across eight pierce points targeting the Panther Creek Shear Zone. Joss currently hosts an underground Inferred Mineral Resource of 6,745,000 tonnes grading 4.05 g/t Au for 877,000 ounces of gold. Detailed results for primary hole BT26-255D and three wedge holes remain pending.

In April 2026, the drilling program expanded to 4,900 meters after intercepting 6.4 g/t Au over 19 meters. The company’s 2026 outlook, set in February 2026, targeted a 3,000-meter core program at Beartrack-Arnett and a 16,000-meter program at Mercur. This follows a December 2025 year-in-review that highlighted a C$34M financing and a PEA projecting a US$752M NPV at $3,000/oz for Mercur. The company has consistently advanced both projects through 2025 and into 2026, with drilling serving as the primary catalyst for resource conversion and PFS preparation.

Revival Gold Inc. (RVG) released results on June 25 that validate high-grade underground potential at the Joss deposit, reinforcing management’s long-term strategy to incorporate a third development phase focused on underground mining alongside the existing Beartrack-Arnett open-pit heap leach plan. The discovery extends the deposit to 850 meters, increasing the vertical dimension by approximately 70% and strengthening the long-term resource base and potential mine life.

The Joss resource is currently classified as Inferred and is not included in the 2023 Preliminary Feasibility Study (PFS) economics. Consequently, this update does not alter near-term project economics or the timeline for the Mercur-focused PFS, which is targeted for Q1 2027. The findings align with previous expectations and the ongoing 2026 exploration mandate, representing incremental resource growth rather than a fundamental shift in project viability or financing requirements.

Management had previously stated that the Joss area remains open at depth and along strike, a geological model confirmed by the 240-meter extension. The completion of approximately 5,500 meters of core drilling aligns with the planned 2026 program scope. Results from four additional holes are pending and will serve as the next material data point.

Revival Gold Inc. is a pure-play gold exploration and development company headquartered in Toronto, Ontario, with a focus on two primary assets in established Western U.S. jurisdictions. The company’s leadership team includes CEO Hugh Agro, VP of Engineering & Development John Meyer, and Chief Geologist Dan Pace.

The company’s flagship asset is the Mercur Gold Project, located in Tooele County, Utah. The project encompasses a 7,200-hectare land package and is a past-producing Carlin-style gold deposit that has historically yielded 2.6 million ounces of gold. Currently at the preliminary economic assessment (PEA) stage as a heap leach project, Revival Gold targets a pre-feasibility study (PFS) for the first quarter of 2027. The PEA projects an average annual production of 95,600 ounces over 10 years, resulting in an after-tax net present value (NPV) of US$752 million at a gold price of $3,000/oz and an internal rate of return (IRR) of 57%. The company expects permitting to be completed by the end of 2027, with a construction decision targeted for 2028 and first production aimed for 2029.

Revival Gold’s secondary asset is the Beartrack-Arnett project in Lemhi County, Idaho. This open-pit heap leach operation, which had a PFS completed in 2023, leverages existing infrastructure including a gold plant, roads, and power. The company is currently conducting exploration drilling to expand the Joss underground resource, with potential for underground expansion at the Joss zone.