Revival Gold outlines 2025 activity, financing

Executive Summary

• Revival Gold Inc. released its 2025 Year in Review, highlighting significant operational milestones, strategic investments, and technical updates across its Mercur and Beartrack-Arnett gold projects.
• The company completed $34 million in equity financing, including strategic investments from Dundee Corp. and EMR Capital, while advancing the Mercur project toward a 2026 prefeasibility study.
• Key technical achievements include a compelling Preliminary Economic Assessment (PEA) for Mercur with a $1.24 billion total project NPV, the release of 46 drill hole results, and the consolidation of the Mercur land position.

Key Details

• Strategic Investments & Financing:
  • Secured strategic investment from Dundee Corp.
  • Announced strategic investment from EMR Capital.
  • Completed a total of $34 million in equity financing, encompassing the aforementioned strategic investments.
• Mercur Project Preliminary Economic Assessment (PEA):
  • Average production of 95,600 ounces of gold per year over a 10-year mine life.
  • After-tax Net Present Value (NPV) of $752 million and Internal Rate of Return (IRR) of 57% at $3,000/oz gold and a 5% discount rate.
  • Total project NPV stands at $1.24 billion.
  • Life-of-mine all-in sustaining cost (AISC) of $1,363 per ounce of gold.
  • Estimated timeline to complete mine permitting is approximately two years.
• Drilling Results (Mercur):
  • Released results from 46 drill holes from a 115-hole reverse circulation and core drilling program designed to infill inferred resources and test for extensions.
  • Highlighted intercepts include:
    • RMC25-011: 3.0 g/t Au over 21.1 metres from 75.8 metres.
    • RM25-099: 0.78 g/t Au over 70.1 metres from 59.4 metres.
    • RM25-117: 1.4 g/t Au over 44.2 metres from 33.5 metres.
• Project Development & Permitting:
  • Kicked off Mercur development work and mine permit planning ahead of a planned 2026 prefeasibility study.
  • Engaged Stantec Consulting Services Inc. as principal environment and permitting consultant.
  • Engaged Kappes, Cassiday & Associates for metallurgy and process design.
  • Retained Respec Company LLC to update the mineral resource.
• Land Consolidation:
  • Exercised option on 1,000 hectares of Barrick claims at Mercur.
  • Achieved consolidation of the entire 7,200-hectare Mercur land position, securing a Carlin-style gold system under single ownership.
• Beartrack-Arnett Project:
  • Delivered promising metallurgical test results on high-grade sulphides in collaboration with Dundee Sustainable Technologies.
  • Mobilized a continuing core drilling program to test for high-grade underground extensions south of Joss.
• Management:
  • Appointed Scott Trebilcock as vice-president, corporate development and investor relations.

Notable Quotes

• "Revival Gold continued its transformational growth delivering multiple milestones across the business. Our team did an amazing job in 2025, and I want to thank those involved for their excellent work," said Hugh Agro, president and chief executive officer.
• "Even with strong share price performance over 2025, Revival Gold currently trades at low multiples to intrinsic value providing exciting future upside potential. Revival Gold has the people, assets and gold price environment to continue delivering for our owners in 2026, and we certainly look forward to the year ahead," added Mr. Agro.