Revival Gold continues drilling at Beartrack-Arnett

Executive Summary

• Revival Gold Inc. provided an update on its winter exploration drilling program at the Beartrack-Arnett gold project in Idaho, highlighting progress toward expanding underground mineral resources.
• The company has completed 2,300 metres of core drilling out of a planned 3,900 metres, with two rigs currently active at the Joss target to test the Panther Creek Shear Zone (PCSZ).
• While the Sharkey stepout target showed structural alteration without significant geochemical results, the Joss target successfully intersected the PCSZ in the first hole, supporting the evaluation of a potential underground phase of operation.

Key Details

• Drilling Progress: 2,300 metres of core drilling completed to date of a planned 3,900-metre winter program that commenced in October 2025.
• Joss Target Activity:
  • Focus shifted back to Joss to evaluate potential expansion of high-grade underground mineral resources.
  • Hole BT26-252D is complete and successfully intersected the target PCSZ.
  • Hole BT26-251D-A is nearing the target PCSZ with drilling continuing.
  • Additional holes are planned to target resource extensions over a strike of approximately 500 metres and to a depth of approximately 550 metres.
• Sharkey Target Results:
  • Hole BT25-247D intercepted alteration and shearing near the bedrock contact at this two-kilometre stepout target.
  • Multielement geochemical analysis showed no significant results; intercept was highly fractured with sericitic alteration but lacked geochemical anomalies.
• Resource Context:
  • The project hosts an underground inferred mineral resource of 6,745,000 tonnes grading 4.05 grams gold per tonne for 877,000 ounces of gold.
  • This resource is not included in the 2023 first-phase open pit, heap leach Preliminary Feasibility Study (PFS).
  • The current drill program aims to evaluate the potential for a subsequent underground phase of operation.
• Future Exploration:
  • The Panther Creek Shear Zone (PCSZ) remains untested for several kilometres to the south of Joss and is a high priority for future exploration.
  • The Sharkey target, defined by a geophysics (resistivity) anomaly, remains open for new discoveries.

Notable Quotes

• "Exploration drilling at Beartrack-Arnett is targeting potential expansion of the project's current underground mineral resource of almost one million ounces of gold. After a slow start to the program, two rigs are on site and rapidly advancing. We completed three shallow holes at Sharkey last year and one deep hole to date this year at Joss. We are pleased to have intersected the favourable PCSZ rocks and look forward to providing further updates as results become available," said Hugh Agro, president and chief executive officer.