Revival Gold Inc · TSXV:RVG
Revival Gold — Mining Forum Americas 2026
41 slides from Revival Gold's conference presentation, Sep 29, 2026
Slide 1: Pursuing a Revival in Gold
PURSUING A REVIVAL IN GOLD Mining Forum Americas 27-29 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 combined first phase >160 koz
Slide 4: Capital Structure
CAPITAL STRUCTURE Basic Shares 321.1 M 8% Fully-Diluted Shares 359.6 M Mngmt & Advisors 14% Share Price (Sept. 16th, ‘26) C$0.86 High Net Worth 52 Week High/Low1 C$1.14/0.57 Approx. Avg. Daily Vol.1 +/-700,000 59% Strong Institutions ownership 20% & Corporate* Basic Market Cap C$276 M Retail Est. Ca
Slide 5: What's "Under the Hood"?
WHAT’S “UNDER THE HOOD”?1 $1.2 billion of Net Asset Value (“NAV”) 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 Price US$3,000 $484 M $741 M $1,225 M half the company’s resources2 US$4,000 $794 M $1,270 M $2,0
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: 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 workforce and proximity of assets TSX-V: RVG | OTCQX: RVLGF 7
Slide 8: Mercur – First to Production
MERCUR – FIRST TO PRODUCTION TSX-V: RVG | OTCQX: RVLGF 8
Slide 9: 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 10: 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. 10 TSX-V: RV
Slide 11: 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 11
Slide 12: 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 12 • Shallow open pit, heap leach 10 Yr 56% operation Mine Life IRR A/T • Compelling metrics • Advantageous permittin
Slide 13: 2025 North American AISC Cost Curve
2025 NORTH AMERICAN AISC COST CURVE Mercur is in the bottom quartile with strong margins TSX-V: RVG | OTCQX: RVLGF Source: S&P Global Market Intelligence by Fuse Advisors, 2025 actual gold measure and include total cash costs, sustaining capital expenditures to producer AISC. All-in Sustaining Costs
Slide 14: North American Capex/oz Au and IRR
NORTH AMERICAN CAPEX/OZ AU AND IRR Mercur presents a low capital investment with high IRR TSX-V: RVG | OTCQX: RVLGF (1) Source from S&P Global Market Intelligence by (2) $3,000 gold price assumed in Mercur economics Fuse Advisors; Public Filings. per page 12. 14
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 • 64% complete • Finalize 18 metallurgical column leach tests • Favorable initial results released last month • Baseline field studies for permitting • Biological, cultural, hydrological, geochemi
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
DEVELOPMENT PIPELINE1 Phased approach to growth • Mercur Heap • Beartrack- • Beartrack- • Expansion? Leach – 95 koz Arnett Heap Arnett U/G 300 p.a. Leach Phase – Mill Phase addition of 65 Annual Gold Production Objectives koz p.a. Heap Leach Material Beartrack- 200 Mill Material Arnett U/G Beartrack
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 0.15x P/NAV Revivial Gold $30/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 • 0.15x P/NAV gold p.a. ounce pure U.S. • >60% institutional valuation5 production with gold projects and corporate • < 2 yrs to Mercur target >
Slide 29: 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 30: Appendix
APPENDIX TSX-V: RVG | OTCQX: RVLGF 30
Slide 31: 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 32: 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 33: 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 34: 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 35: 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 36: 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 37: 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 38: 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 39: 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 40: 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 41: 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