Rev Exploration closes purchases of Chibougamau claims

Mr. Jordan Potts reports REV CLOSES JMW CLAIMS, ACQUIRES 545 ADDITIONAL MINING CLAIMS IN CHIBOUGAMAU, QUEBEC Rev Exploration Corp. has closed the previously announced acquisition of 41 mining claims in the Chibougamau camp of Northern Quebec. That acquisition was completed on the previously disclosed terms, consisting of both cash consideration and the issuance of common shares. The acquired claims form part of the company's broader land position in the region. In addition, the company announces it has also closed, through a definitive asset purchase agreement dated Nov. 3, 2025, the addition of 545 additional mining claims in the Chibougamau camp from two arm's-length private companies and one individual, on behalf of themselves and additional Quebec-based individuals (the vendors), for total consideration of $700,000. Under the asset purchase agreement, the purchase price was satisfied through the issuance of one million common shares of the company at a deemed price of 60 cents per share, with the balance of $100,000 paid in cash. The allocation of common shares among the vendors corresponds to their respective ownership interests in the purchased assets. In connection with the acquisition, the company and the vendors entered into a net smelter return royalty agreement, pursuant to which the vendors have been granted a 1.0-per-cent net smelter return royalty on the purchased assets. The company retains the right to repurchase 0.5 per cent of the NSR for $750,000. The common shares issued pursuant to the transactions are subject to a statutory four-month hold period under applicable securities laws. No warrants, finders' fees or commissions were issued or paid in connection with this transaction. Closing of the transactions is subject to the receipt of the approval of the TSX Venture Exchange. With the addition of these new claims, Rev now controls one of the largest land packages in the Chibougamau camp with approximately 43,477 hectares. Aden Dome project update The company continues to advance technical and geological work in support of planned drilling at its flagship Aden Dome project along the Alberta-Montana border. Current efforts are focused on final interpretations of data followed by drill program logistics. The company will provide further details on the Aden Dome project in the near future. About Rev Exploration Corp. Rev is a mineral exploration company that owns a suite of gold and battery metal properties in Quebec highlighted by JMW and Maxwell in the Chapais-Chibougamau area, while the company also has strong exposure to the natural hydrogen sector in Alberta and Saskatchewan. Rev has acquired 100 per cent of a series of piped natural gas leases along the Alberta-Montana border, including the drill-ready Aden Dome, while it also has a significant equity position in Max Power Mining Corp., which owns Canada's largest permitted land package for natural hydrogen in Saskatchewan. We seek Safe Harbor.