Revival Gold drills 18.3 m of 1.3 g/t Au at Mercur

Executive Summary

• Revival Gold Inc. provided an update on its drilling program at the Mercur Gold Project in Utah, reporting that 108 holes totaling 11,300 metres have been completed out of a planned 13,000 metres.
• The company released assay results from 10 additional drill holes, highlighting significant gold intercepts, including 1.3 g/t gold over 18.3 metres and 0.46 g/t gold over 56.4 metres.
• Several intercepts extend outside current pit designs in the Rover area, indicating potential resource upside, while results remain consistent with the Preliminary Economic Assessment (PEA) and support the planned 2026 Prefeasibility Study (PFS).

Key Details

• Drilling Progress: 108 holes completed for a total of 11,300 metres; program is approximately 90% complete against a 13,000-metre target.
• New Drill Hole Highlights:
  • RM25-127: 1.3 g/t gold over 18.3 metres width at 33.5 metres downhole.
  • RM25-122: 0.62 g/t gold over 24.4 metres width at 56.4 metres downhole.
  • RM25-116: 0.64 g/t gold over 18.3 metres width at 48.8 metres downhole.
  • RMC25-133: 0.46 g/t gold over 56.4 metres width at 53.3 metres downhole.
• Geological Findings: Results for RM25-126, RM25-134, and RMC25-133 extend outside current pit designs, suggesting potential upside in the Rover area of the deposit.
• Metallurgical Consistency: Leachability results are consistent with inferred mineral resource and metallurgical models from the May 2, 2025, Preliminary Economic Assessment (PEA).
• Future Milestones: Drilling data supports the planned 2026 Prefeasibility Study (PFS), a key step toward restarting production at Mercur.
• QA/QC Protocols: Samples analyzed at ALS Geochemistry (Elko, NV; Reno, NV; Vancouver, BC) using fire assay and atomic absorption spectroscopy (AAS). High-grade samples (>100 ppb Au) underwent cyanide leach testing.
• Qualified Persons: Technical data reviewed by John Meyer, PEng (VP, Engineering and Development) and Dan Pace, RM SME (Chief Geologist).

Notable Quotes

• "Earlier this year, Revival Gold completed a Mercur PEA defining a simple, shallow heap leach gold project. We are currently infill drilling inferred resources and have hit several intercepts outside the resource area, indicating potential upside," said Hugh Agro, president and chief executive officer.
• "This year's drilling is in support of a planned 2026 prefeasibility study, the next step on the path to restarting production at Mercur. We are almost 90 per cent through the program and are excited by the results to date."