Revival Gold completes 1,150 m of drilling at Beartrack

Executive Summary

• Revival Gold Inc. provided an exploration drilling update on its Beartrack-Arnett gold project in Idaho, detailing progress at the Sharkey and Joss targets.
• Drilling contractor Drilcor Ltd. has completed 1,150 metres of core in four holes; Sharkey drilling encountered target stratigraphy in one hole, while geochemical assays are pending.
• The company also announced the engagement of Velocity Trade Capital Ltd. to provide market liquidity services for a monthly fee of $6,000, subject to TSX Venture Exchange acceptance.

Key Details

• Drilling Progress (Drilcor Ltd.):
  • Completed 1,150 metres of core in four exploration holes.
  • Sharkey Target: A two-kilometre stepout on the Beartrack-Arnett property. Three holes completed; bedrock was deeper than indicated by geophysics. Target stratigraphy (Proterozoic metasediments) intercepted in one hole, which was highly fractured with small vein selvages and sericitic alteration. No Joss-like mineralization intercepted, but hole BT25-247D intercepted alteration (quartz, pyrite, arsenopyrite, sericite) and shearing near the bedrock-overburden contact. Geochemical assay results are pending.
  • Joss Target: Drilling continues to target extensions of high-grade mineralization last drilled in 2022.
• Future Drilling Plans:
  • A second drilling rig contracted from Major Drilling is expected to arrive on site in early February to accelerate progress at the Joss target.
• Market Liquidity Services:
  • Engaged Velocity Trade Capital Ltd. to provide market liquidity services to maintain an orderly market, reduce trading volatility, and improve share liquidity.
  • Fee Structure: $6,000 per month. First two months' fees payable upon execution. Services start on or around Feb. 1, 2026.
  • Terms: Agreement continues until terminated by either party with 30 days' written notice.
  • Compensation: Cash fee only; no common shares, stock options, or equity compensation provided to Velocity Trade.
  • Relationship: Velocity Trade is an arm's-length party, owning less than 1% of issued shares.
  • Regulatory: Subject to acceptance by the TSX Venture Exchange.
• Project Context:
  • Beartrack-Arnett is a structurally controlled orogenic gold deposit on the Panther Creek shear zone (PCSZ).
  • CEO Hugh Agro highlighted a staged approach focusing on resource growth at Beartrack-Arnett while the Mercur gold project in Utah approaches a construction decision in late 2027.

Notable Quotes

• "Revival Gold continues to pursue the resource growth and exploration potential at Beartrack-Arnett even while our Mercur gold project in Utah marches towards a potential construction decision in late 2027. This staged approach offers investors the prospect of potential near-term cash flow in a company with exciting growth potential -- all in gold, all from two large gold systems and all in the western United States," said Hugh Agro, president and chief executive officer.
• "We expect to accelerate progress at Beartrack-Arnett with Major Drilling returning to the project shortly, and we look forward to reporting on assay results as they become available."