Revival Gold Inc · TSXV:RVG
Revival Gold — Investor Presentation (August 2025)
45 slides from Revival Gold's investor presentation, August 2025
Slide 1: Pursuing a Revival in Gold
PURSUING A REVIVAL IN GOLD Corporate Presentation August 2025 revival-gold.com TSX-V: RVG OTCQX: RVLGF
Slide 2: Cautionary Notes
Cautionary Notes availability and productivity of skilled labour; (xiv) the regulation of the mining industry by various governmental agencies, This document has been prepared by Revival Gold Inc. (“Revival Gold” or, the “Company”) for evaluation of the Company by including permitting and environmen
Slide 3: Why Invest in Gold Developers?
WHY INVEST IN GOLD DEVELOPERS? The large and growing gap between the pace of global gold production and the pace of global gold discovery1 Compelling opportunity for investors TSX-V: RVG | OTCQX: RVLGF Note: 1Sourced by Revival Gold from S&P Market Intelligence (Aug. 2024), World Gold Council and Bl
Slide 4: Revival Gold Inc.
REVIVAL GOLD INC. Mercur, Utah A growth company in gold • Advancing multi-million-ounce brownfield gold assets in the U.S.1: • Mercur PEA-stage heap leach gold project in Utah • Beartrack-Arnett PFS-stage heap leach project in Idaho • Potential gold production >160 koz p.a.2 Beartrack-Arnett, Idaho
Slide 5: Capital Structure
CAPITAL STRUCTURE Basic Shares 271.7 M 8% Fully-Diluted Shares 317.3 M Mngmt & Advisors Share Price (Aug. 1st, ’25) C$0.50 16% High Net 22 oz Worth 52 Week High/Low1 C$0.58/0.23 gold Approx. Avg. Daily Vol.1 +/-450,000 55% exposure Institutions & Corporate* Basic Market Cap C$136 M per 1,000 21% Est
Slide 6: People
PEOPLE Tim Warman – Non-Exec Chairman: Geologist and accomplished aspects of the resource industry, from exploration through feasibility, from development to operations. Former Key Leadership President & CEO of Fiore Gold. Robert Chausse – Director: Over 25 years of international Hugh Agro – CEO & D
Slide 7: Positioned in the Western U.S.
POSITIONED IN THE WESTERN U.S. A premier destination • Idaho and Utah rank among the Top-25 mining jurisdictions in the world1 • Supportive State governments and communities • Operational synergies with locally based team and proximity of assets TSX-V: RVG | OTCQX: RVLGF Note: 1Fraser Institute 2024
Slide 8: Gold Resources
GOLD RESOURCES1 100% pure gold resources offering superior gold leverage Total Mineral Resources (Moz Au) 2.8 M&I1 2.2 Inferred1 3.2 2.4 0.6 0.8 B-A Mercur Combined Note: 1See “Preliminary Economic Assessment NI 43-101 Technical Report on the Mercur Gold Project, Tooele & Utah Counties, Utah, USA” p
Slide 9: Mercur
MERCUR TSX-V: RVG | OTCQX: RVLGF 9
Slide 10: Mercur Project
MERCUR PROJECT Salt Lake City Rebirth of a proven gold producer1 Bingham Canyon Mine • 6,628 ha property. Core claims 100% owned or optioned2 • 57 km from Salt Lake City, Utah • First “Carlin-type” gold deposit identified in the Western U.S. Mercur Gold Mines 1913 Barrick Mercur 1985 • Proven past p
Slide 11: 2025 PEA Highlights
2025 PEA HIGHLIGHTS1 Compelling metrics, advantageous permitting timeline 66 MT @ $208 M • Co-authored by Kappes, Cassiday 0.60 g/t Au CAPEX & Associates, RESPEC Company • Low-risk redevelopment 95,600 $1,205/oz scenario Oz Au/Yr Cash Cost • One of few large undeveloped western U.S. gold projects 10
Slide 12: Gold Price Sensitivity
GOLD PRICE SENSITIVITY1 Significant leverage to current higher metal prices Recent Price Gold Price Downside Base Upside (US$/oz) ($1,800) ($2,1752) ($3,000) NPV(5%) $78 M $295 M $753 M Post-Tax IRR 11 % 27 % 57 % Payback 7.5 yrs 3.6 yrs 1.7 yrs Note: 1See “Preliminary Economic Assessment NI 43-101
Slide 13: Mercur Land Position
MERCUR LAND POSITION1,2 Note: 1See “Preliminary Economic Assessment NI 43-101 Technical Report on the Mercur Gold Project, Tooele & Utah Counties, Utah, USA” prepared by Kappes, Cassidy & Associates, and RESPEC Company LLC, dated May 2nd, 2025. 2See appendix. Section 26900 TSX-V: RVG | OTCQX: RVLGF
Slide 14: Mercur Exploration Domains
MERCUR EXPLORATION DOMAINS Conceptual east-west cross-section looking north TSX-V: RVG | OTCQX: RVLGF Source: Revival Gold 14
Slide 15: Mineral Resource
MINERAL RESOURCE1 A robust, pure gold, open pit, heap leach resource Category1 Tonnage (Mt) Au g/t Gold (oz) • 3,000 drill holes, 280 km of drilling Indicated 35.3 0.66 746,000 • >50% in Indicated category Inferred 36.2 0.54 626,000 Note: 1See “Preliminary Economic Assessment NI 43-101 Technical Rep
Slide 16: 2025 Field Program
2025 FIELD PROGRAM Focused on resource definition and expansion drilling • 13,000 meters of RC and core drilling mostly in the Main Mercur area • 5.7 km soil geochem, recon mapping and gravity geophysics Note: Drill permitting in progress for some drill sites. Drill collar locations and priorities m
Slide 17: 2025 Field Program (South Mercur)
2025 FIELD PROGRAM (SOUTH MERCUR) Small satellite deposit south of the main deposit • S. Mercur represents only about 15% of the Mineral Resource but with higher grades and recoveries • Opportunity in permissive stratigraphy along trend with associated Hg anomaly Note: Drill permitting in progress f
Slide 18: West Mercur "Blue Sky"
WEST MERCUR “BLUE SKY” Silverado Under-explored Carlin-Type system with proven high-grade potential Section Line West Dip • 2/3rds of drilling < 100 meters deep • < 0.5% of holes below 400 meters • Limited modern exploration Proposed Drilling West Pediment TSX-V: RVG | OTCQX: RVLGF Source: Revival G
Slide 19: Key Next Steps
KEY NEXT STEPS1 On fast track for potential re-development • RC and core drilling • Metallurgical column testing • Geotechnical • Baseline data collection • PFS and FS • Expected permitting timeline of two years Note: 1See “Preliminary Economic Assessment NI 43-101 Technical Report on the Mercur Gol
Slide 20: Beartrack-Arnett Project
BEARTRACK-ARNETT PROJECT PFS heap leach restart project, significant high-grade exploration potential • Key attributes1 • 100% owned or optioned2 6,300 ha Idaho property assembled 2017-23 • Infrastructure – gold plant, roads, power, workshops • Attractive 2023 PFS – 65,300 oz gold/yr over 8 yrs with
Slide 21: Beartrack-Arnett Land Position
BEARTRACK-ARNETT LAND POSITION1,2 Note: 1See “Preliminary Feasibility Study NI 43-101 Technical Report on the Beartrack-Arnett Heap Leach Project, Lemhi county, Idaho, USA” prepared by Kappes, Cassidy & Associates, IMC, KCH and WSP dated August 2nd, 2023, for further details. 2See Property Agreement
Slide 22: Beartrack Deposit Section
BEARTRACK DEPOSIT SECTION A major gold system, open along strike and at depth open to 5.6 km known open to the south- strike the north- west east 60.9 g/t over 5.5 m2 6.0 g/t Au over 5.6 m2, 7.2 g/t Au over 10.7 m2, 4.6 g/t Au over 4.3 m2 2.61 g/t over 19 m2 3.7 g/t over 19.8 m2 500 m 7.5 g/t Au ove
Slide 23: Joss Underground Target – Cross-Sections
JOSS UNDERGROUND TARGET – CROSS–SECTIONS Panther Creek Panther Creek Fault Shear Zone Level Plan at 5500’ (~330 m below surface) 100 m TSX-V: RVG | OTCQX: RVLGF Note: See “Preliminary Feasibility Study NI 43-101 Technical Report on the Beartrack-Arnett Heap Leach Project, Lemhi County, Idaho, USA” p
Slide 24: Sharkey – "Blue Sky"
SHARKEY – “BLUE SKY” Untested potential at Beartrack-Arnett • The PCSZ-Coiner Fault System is a braided structure • Mineralized over a drilled strike length of 5.6 km; strongest currently known mineralization at Joss • Geophysics indicates additional 5-6 km to the south under cover • 2025 H2 propose
Slide 25: The Path Forward
THE PATH FORWARD TSX-V: RVG | OTCQX: RVLGF 25
Slide 26: Development Targets
DEVELOPMENT TARGETS1 Phased approach to growth • Mercur 2 year • Production • High-grade • Expansion? permitting path growth with underground 300 to 95 koz p.a. addition of 65 sulphides heap leach gold koz p.a. next Annual Gold Production Objectives production Beartrack- Arnett Heap Leach Material B
Slide 27: Strong Competitive Position
STRONG COMPETITIVE POSITION1 Capital Intensity Per oz Au AISC (and Au Grade) by Mine Peer Average Peer Average US$272/ Au oz US$1,574/ Au oz Source: S&P Capital IQ Pro, 2024 US Dollars, Au oz recovered basis, developed by Fuse Advisors Inc. Source: Company website and reports, S&P Capital IQ Pro, 20
Slide 28: NAV Summary
NAV SUMMARY1 The Mercur PEA more than doubles Revival Gold’s NAV5% from gold assets Beartrack- Mercur Revival Gold NAV5%, After-Tax Arnett (2025 PEA) Total (2023 PFS) US$1,800 $105 M $78 M $183 M Gold US$2,175 $226 M $295 M $521 M Price US$3,000 $484 M $752 M $1,236 M Note: 1See “Preliminary Economi
Slide 29: P/NAV Comparables
P/NAV COMPARABLES Precious Metal Operators P/NAV (~average 100koz Au per annum production) 1.4X 1.2X Excellent value at 0.15x P/NAV 1.0X 0.8X P/NAV 127koz Median – 0.60x 0.6X 0.4X 139koz 41koz 64koz 84koz 88koz 75koz 0.2X 115koz 119koz 0.15x 72koz 161koz 0.0X Wesdome K92 Mining Jaguar G Mining Manda
Slide 30: New U.S. Discoveries
NEW U.S. DISCOVERIES Ranking of the Largest New US Gold Discoveries Since 2010 20 1.0 g/T Au Revival Gold 16 M&I + Inferred M&I track record of discovery 12 Moz Au 8 0.3 g/T Au 1.1 g/T Au 1.6 g/T Au 0.4 g/T Au 0.3 g/T Au 4 1.6 g/T Au 9.3 g/T Au 0.5 g/T Au 0.6 g/T Au 0 Notes: (1) Source: S&P Capital
Slide 31: Summary
SUMMARY Growth Synergistic Assets Path to Production Value • Leading Western U.S. • Multi-million-ounce • Staged approach • Exploration upside with pure gold growth platform led by veteran supports organically track record of low-cost developer management team funded growth discovery • 160 koz Au p.
Slide 32: Thank You!
REVIVAL GOLD INC. 145 King St. W., Suite 2870 Toronto, Ontario M5H 1J8 Thank You! info@revival-gold.com 416-366-4100 TSX-V: RVG OTCQX: RVLGF
Slide 33: Appendix
APPENDIX TSX-V: RVG | OTCQX: RVLGF 33
Slide 34: Mercur PEA Mineral Resource
MERCUR PEA MINERAL RESOURCE1 Indicated Mineral Resources Inferred Mineral Resources Project Area Tonnage Gold Grade Gold Tonnage Gold Grade Gold (kT) (g/T) (koz) (kT) (g/T) (koz) Main Mercur 28,629 0.63 581.0 33,179 0.53 567.0 South Mercur 6,670 0.77 165.0 3,066 0.60 59.0 Total Mercur 35,299 0.66 74
Slide 35: Mercur PEA Production Schedule
MERCUR PEA PRODUCTION SCHEDULE1 Typically generating 95,000 – 105,0000 ounces of gold per year Parameter Units Yr -1 Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Totals Pit to Stockpile M tonnes 0.9 2.5 2.7 2.6 2.9 3.7 2.8 2.6 3.5 2.3 1.6 28.2 Pit to Crusher M tonnes - 4.3 4.0 3.9 4.2 5.4 2.8
Slide 36: Mercur PEA Mining & Processing
MERCUR PEA MINING & PROCESSING1 Proven approach, simple design • 18,100 T/d open pit, heap leach operation • 136-tonne Cat 785 haul trucks • 2.8 to 1 strip, 45 deg. pit slopes • 3-stage crush to half inch; no agglomeration; conveyor stacking • ADR plant, 75% average gold recovery, rapid leach kineti
Slide 37: Mercur Project Site
MERCUR PROJECT SITE1 Excellent access, existing services • Excellent topography, low elevation plant site • Site layout leverages extensive private land position • Paved road access & site office • 43.8 kV grid power; substation on site • Nearby water wells • 30 minutes drive from Tooele (pop. 40,00
Slide 38: PEA Capital Cost Summary
PEA CAPITAL COST SUMMARY1 Modest $208 million initial capex Description Costs ($ M) Pre-Production Capital Process & Infrastructure (including spare parts) $115 Mining Capital & Mining Pre-Production $33 Indirect & Owner's Costs $4 Engineering, Procurement & Construction Management $14 Contingency $
Slide 39: Mercur PEA Cash Flow at $2,175 Gold
MERCUR PEA CASH FLOW AT $2,175 GOLD1 Significant potential free cash flow Increases 2.3x at $3,000 gold Note: 1$2,175 gold price assumed in economics. See “Preliminary Economic Assessment NI 43-101 Technical Report on the Mercur Gold Project, Tooele & Utah TSX-V: RVG | OTCQX: RVLGF Counties, Utah, U
Slide 40: Mercur Barrick Agreement
MERCUR BARRICK AGREEMENT Property interests include: • 996 net hectares (2,462 net acres) of mineral interests • Site roads, power, building infrastructure Key Terms (as amended): 50% • Paid C$1 M and 4 M warrants @C$0.25/shr, exp. Jan ‘29 SITLA • Completed C$6 M work commitment • Payments of US$20
Slide 41: Beartrack-Arnett Mineral Resources
BEARTRACK-ARNETT MINERAL RESOURCES Mineral Resources Resource Type Location Resource Category Resource Grade Contained (Kt) (Au g/t) (koz) Measured 6,743 1.03 224 Beartrack Indicated 18,781 0.77 466 Mineral Resource Inferred 2,694 0.51 45 Open Pit Heap Leach Measured 5,932 0.48 92 Haidee Indicated 1
Slide 42: Beartrack-Arnett Mineral Resources (cont'd)
BEARTRACK-ARNETT MINERAL RESOURCES (cont’d) Notes: 1) Gold price used for Mineral Resources: $1,900/oz 2) Gold grades are reported in grams per metric tonne (g/t) 3) Economic cutoff is based on Income Net of Process = $0.01/tonne. Income Net of Process = (Grade x Recovery x ($1,900 - $5)) – (Process
Slide 43: Beartrack-Arnett Mineral Reserves
BEARTRACK-ARNETT MINERAL RESERVES Mineral Reserves Deposit Mineral Reserve Category Resource Grade Contained (Kt) (Au g/t) (koz) Proven 6,420 1.06 219 Beartrack Probable 15,600 0.82 413 Proven + Probable 22,020 0.89 632 Proven 5,933 0.48 92 Haidee Probable 8,244 0.51 136 Proven + Probable 14,177 0.5
Slide 44: Beartrack-Arnett Property Agreements
BEARTRACK-ARNETT PROPERTY AGREEMENTS Beartrack: • Revival Gold obtained the right to acquire Meridian Beartrack Co., a subsidiary of Pan American Silver Corp. and the owner of the Beartrack claims (approx. 3,300 ha) and associated infrastructure, in 2017. The terms (as most recently amended) are as
Slide 45: Revival Gold Inc.
REVIVAL GOLD INC. 145 King St. W., Suite 2870 Toronto, Ontario M5H 1J8 info@revival-gold.com 416-366-4100 TSX-V: RVG OTCQX: RVLGF