Revival Gold Inc · TSXV:RVG
Revival Gold — Investor Presentation (September 2026)
37 slides from Revival Gold's investor presentation, September 2026
Slide 1: Pursuing a Revival in Gold
PURSUING A REVIVAL IN GOLD Corporate Presentation September 2026 revival-gold.com TSX-V: RVG OTCQX: RVLGF
Slide 2: Cautionary Notes
Cautionary Notes processing equipment; (viii) unforeseen technological and engineering problems; (ix) natural disasters and/or accidents; This presentation has been prepared by Revival Gold Inc. (“Revival Gold” or, the “Company”) for evaluation of the Company by currency fluctuations; (x) changes in
Slide 3: A unique opportunity in gold
REVIVAL GOLD INC. Mercur, Utah A unique opportunity 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 Beartrack-Arnett, Idaho • Target first phase >160 koz gold p.a.
Slide 4: Capital Structure
CAPITAL STRUCTURE Basic Shares 321.1 M 8% Fully-Diluted Shares 359.6 M Mngmt & Advisors 14% Share Price (Sept. 2nd ‘26) C$0.92 High Net Worth 52 Week High/Low1 C$1.14/0.57 Approx. Avg. Daily Vol.1 +/-700,000 59% Institutions 20% & Corporate* Basic Market Cap C$295 M Retail Est. Cash (Aug. 31st, ‘26)
Slide 5: What's "Under the Hood"? $1.2 billion of Net Asset Value
WHAT’S “UNDER THE HOOD”?1 $1.2 billion of Net Asset Value Beartrack- Mercur Revival Gold NAV5%, After-Tax Arnett (2025 PEA) Total (2023 PFS) US$2,175 $226 M $295 M $521 M Reflects less than Gold US$3,000 $484 M $741 M $1,225 M half the Price company’s resources2 US$4,000 $794 M $1,270 M $2,064 M Not
Slide 6: Gold Resources
GOLD RESOURCES1 100% pure gold resources offering superior gold leverage Total Mineral Resources (Moz Au) 19 oz gold 2.8 exposure 2.2 Inferred1 per 1,000 M&I1 shares2 3.2 2.4 0.6 0.8 Beartrack-Arnett Mercur Combined Note: 1See “Preliminary Economic Assessment NI 43-101 Technical Report on the Mercur
Slide 7: The Right Leadership
THE RIGHT LEADERSHIP Proven track record, strong U.S. operating credentials Hugh Agro – CEO & Director Tim Barnett – GM Mercur, Utah Mining engineer & founder. Former EVP Kinross, Experienced builder, manager and engineer with, among previously with Placer Dome, & Deutsche Bank. others, Continental
Slide 8: The Right Board
THE RIGHT BOARD Experienced, fully engaged, independent Tim Warman – Non-Exec Chairman: Geologist and Maura Lendon – Director: Over 25 years’ experience in the accomplished on all aspects of the resource industry, from mining and technology industries gained after initially exploration, through deve
Slide 9: Positioned in the Western U.S.
POSITIONED IN THE WESTERN U.S. A premier jurisdiction • Idaho and Utah are established mining jurisdictions • Supportive host governments and communities • Operational synergies with locally based team and proximity of assets TSX-V: RVG | OTCQX: RVLGF 9
Slide 10: Mercur – First to Production
MERCUR – FIRST TO PRODUCTION TSX-V: RVG | OTCQX: RVLGF 10
Slide 11: Mercur Project
MERCUR PROJECT Salt Lake City Rebirth of a proven gold producer1 Bingham Canyon Mine • 7,200 ha property. Core claims 100% owned or optioned • 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 pr
Slide 12: Mercur Land Position
MERCUR LAND POSITION1 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 and Revival Gold news releases 2025 and 2026. 12 TSX-V: RV
Slide 13: Mercur Exploration Domains
MERCUR EXPLORATION DOMAINS Underexplored Carlin-type system with proven high-grade Near surface potential on east limb; 4 km mineralized Main Mercur trend U/G potential on west limb TSX-V: RVG | OTCQX: RVLGF Source: Revival Gold 13
Slide 14: 2025 PEA Highlights
2025 PEA HIGHLIGHTS1 66 MT @ $208 M One of few large undeveloped 0.60 g/T Au CAPEX western U.S. gold projects 95,600 $1,385/oz • Low capex given existing Oz Au/Yr AISC infrastructure 14 • Shallow open pit, heap leach 10 Yr 56% operation Mine Life IRR A/T • Compelling metrics • Advantageous permittin
Slide 15: 2026 Drilling Update
2026 DRILLING UPDATE Focused on remaining requirements for PFS • Infill – +/-10 km RC • Engineering – 2.4 km core, 1.2 km auger • Exploration – 2.5 km RC, 1.2 km core Note: See “Preliminary Economic Assessment NI 43-101 Technical Report on the Mercur Gold Project, Tooele & Utah Counties, Utah, USA”
Slide 16: Mercur Project Site
MERCUR PROJECT SITE 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 inspected • Water well tested to 750 gpm (vs operational need for 500 g
Slide 17: Mercur Next Steps
MERCUR NEXT STEPS Advancing to potential gold production in 2029 • Complete 18 km 2026 drilling program • 55% complete as at the beginning of September • Finalize 18 metallurgical column leach tests • Initial results released in August • Baseline studies for permitting • Biological, cultural, hydrol
Slide 18: Beartrack-Arnett – Our Founding Asset
BEARTRACK–ARNETT – OUR FOUNDING ASSET TSX-V: RVG | OTCQX: RVLGF
Slide 19: Beartrack-Arnett Project
BEARTRACK-ARNETT PROJECT PFS heap leach restart project, significant high-grade exploration potential • 1st Phase1 • Open pit heap leach restart • Leverages infrastructure – gold plant, roads, power • Attractive 2023 PFS – 65,300 oz gold/yr over 8 yrs with $1,248/oz gold AISC • Modest $109 M pre-pro
Slide 20: Beartrack-Arnett Land Position
BEARTRACK-ARNETT LAND POSITION1 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. TSX-V: RVG | OTCQX: RVLGF
Slide 21: 2026 Drilling Program
2026 DRILLING PROGRAM Targeting southern extent of orogenic gold system • Shear zone mineralized over 5.6 km of known strike • Underground deposit already 6.7 MT at 4 g/T1 with highest grades at Joss • Final assays pending on 2026 5,500-meter core drilling program Note: 1See “Preliminary Feasibility
Slide 22: Joss Underground Target
JOSS UNDERGROUND TARGET High grades, increasing scale • Strongly mineralized shear zone over 1.2 km strike to 850 meters depth • Multiple > 2 g/T gold zones, 2–20 meters true thickness • 2026 drilling extended the vertical dimension by 240 meters and the deposit remains open Note: 1See “Preliminary
Slide 23: Joss Underground Target (cont'd)
JOSS UNDERGROUND TARGET (cont’d) 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” prepared by Kappes, 1 Cassidy & Associates, IMC, KCH and WSP dated August 2 , 2023, and Revival Gold ne
Slide 24: The Path Forward
THE PATH FORWARD TSX-V: RVG | OTCQX: RVLGF 24
Slide 25: Development Pipeline: Phased approach to growth
DEVELOPMENT PIPELINE1 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
Slide 26: Producer vs Developer Valuations
PRODUCER VS DEVELOPER VALUATIONS Developers, and Revival Gold in particular, offer compelling value P / NAV vs Gold Peers1, 3 MC $US / resource oz vs Gold Peers 1,2,3 Revivial Gold 0.16x P/NAV Revivial Gold $32/oz US Developers 0.38x P/NAV US Developers $104/oz Junior Producers Junior Producers Inte
Slide 27: New U.S. Discoveries
NEW U.S. DISCOVERIES Ranking of the Largest New U.S. Gold Discoveries Since 2010 20 1.0 g/T Au Revival Gold M&I + Inferred M&I 16 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 Capita
Slide 28: Revival Gold – A Unique Opportunity in Gold
REVIVAL GOLD – A UNIQUE OPPORTUNITY IN GOLD Growth Catalysts Scale Strong Backing Compelling Value • Potential 160 koz • Two multi-million- • C$25 MM cash4 • 0.16x P/NAV gold p.a. ounce pure U.S. • >60% institutional valuation5 production with gold projects and corporate • Mercur to potential target
Slide 29: Appendix
APPENDIX TSX-V: RVG | OTCQX: RVLGF 29
Slide 30: 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 31: Mercur PEA Production Schedule
MERCUR PEA PRODUCTION SCHEDULE1 Typically generating 95,000 – 105,000 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 4
Slide 32: 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 33: 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 34: 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 35: 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 36: 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 37: 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
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