Toronto, ON - January 7th, 2026 - Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) ("Revival Gold" or the "Company") is pleased to provide the latest drilling results and an update on project development at the Company's Mercur Gold Project ("Mercur") in Utah.
2025 Highlights
Development Update
Revival Gold is also pleased to announce the appointment of Timothy S. Barnett as the Company's General Manager of Mercur with overall responsibility for site development and operating activities. Mr. Barnett is a seasoned mining professional with more than thirty years experience in engineering studies, construction management, and operations in international and domestic 1 precious metals mining. Most recently, Mr. Barnett was a Project Manager with Rio Tinto Kennecott. Previously, Mr. Barnett managed construction contracts at Continental Gold's Buritica gold project in Colombia, served as Commissioning Manager at Oceana Gold's Haile gold mine in South Carolina and Project Manager at Alamos Gold's Mulatos gold mine in Mexico. Mr. Barnett completed a B.Sc. in Metallurgical Engineering at Corllins University and Montana Tech and resides with his family in Stansbury Park, Utah.
"Revival Gold is thrilled to welcome Tim Barnett as General Manager at Mercur and pleased to kick off 2026 with further encouraging assay results and development news at Mercur", said Hugh Agro, President & CEO.
Mr. Agro continued, "Our primary operational objective is to restart gold production at Mercur and, with today's news, we are adding to our leadership team and ramping up activity in support of that objective. With the gold price comfortably above US$4,000 per ounce, bringing a new 100,000 ounce per annum domestic gold mine into production will create significant value for our owners."
Mercur Drilling Details
The 2025 drilling program at Mercur finished in December with 115 RC and core holes completed. Data collected will support the Company's planned 2026 pre-feasibility study, a major milestone on the path to restarting gold production at Mercur.
Drilling results collected to-date at Mercur are generally consistent with the Inferred Mineral Resource and metallurgical models developed for the Mercur Preliminary Economic Assessment ("PEA") (see "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).
RM25-136 and RM25-137 in the Marion Hill area at Main Mercur, targeted the western edge of the PEA design pit. The holes are encouraging with long runs of mineralization that continue to the bottom of the holes and outside the current PEA pit shells.
Figure 1 describes drill hole locations for the results released today. Full drill results are presented in Table 1 below.
Figure 1: Main Mercur Drill Plan Map - January 7th, 2026 Results
Table 1: Detailed Drill Results
1 True width for all holes is estimated to be 70-100% of drilled width. Numbers may not add up due to rounding.
2 Mineralized intercepts calculated based on a 0.17 g/t cutoff grade allowing up to 2 intervals of internal dilution.
3 AuCN/AuFA is the ratio of cyanide soluble gold assay to total gold in fire assay and provides an indication of potential heap leach recoverability for the material sampled.
4 NSI stands for no significant intercept above the 0.17 g/t cutoff grade.
5 No recovery and non-assayed intervals are assigned a 0 value for intercept calculation.
The Mercur property includes interests optioned from Barrick Resources (USA) Inc. and others as summarized in the PEA.
Subject to regulatory approval, Revival Gold has granted Mr. Barnett 300,000 incentive stock options in connection with his appointment. Pursuant to the Company's Stock Option Plan, the options are exercisable at a price of $0.75 cents each for a period of five years and are subject to vesting provisions.
QA/QC Program
Quality Assurance/Quality Control consists of the regular insertion of certified reference materials, duplicate samples, and blanks into the sample stream. Sample results are analyzed immediately upon receipt, and all discrepancies are investigated. Samples are submitted to the ALS Geochemistry sample preparation facility in Elko, Nevada. Gold analyses are performed at the ALS Geochemistry laboratory in Reno, Nevada or Vancouver, British Columbia, and multi-element geochemical analyses are completed at the ALS Minerals laboratory in Vancouver, British Columbia. ALS Minerals is an ISO/IEC 17025:2017 accredited lab.
Gold assays are determined on reverse circulation drill cuttings and quarter-sawn PQ core by fire assay and Atomic Absorption Spectroscopy (AAS) on a 30-gram nominal sample weight (Au-AA23). One quarter of the PQ core samples were submitted for assay, one quarter is kept for sample archive, and one half is preserved for future metallurgical column tests. For samples containing greater than 100 ppb Au as determined by Fire Assay, gold content is also determined by cyanide leach with an AAS finish on a nominal 30-gram sample weight (Au-AA13). Multi-element geochemical analyses are completed on composites samples from selected drill holes using the ME MS 41 method.
Qualified Persons
Technical information included in this news release was reviewed and approved by Mr. John Meyer, P.Eng., a QP and Vice President, Engineering and Development for the Company, and Mr. Dan Pace, RM SME, a QP and Chief Geologist for the Company.
About Revival Gold Inc.
Revival Gold is one of the largest, pure gold mine developers in the United States. The Company is advancing development of the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol "RVG" and trades on the OTCQX Market under the ticker symbol "RVLGF". The Company is headquartered in Toronto, Canada, with its exploration and development office located in Salmon, Idaho.
For further information, please contact:
Scott Trebilcock, VP, Corporate Development & Investor Relations
Telephone: (416) 366-4100 or Email: info@revival-gold.com
Cautionary Statement