Toronto, ON – August 31st, 2023 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”), is pleased to announce that it has closed the previously announced termination of a 1% Net Smelter Royalty (“NSR”) on sixteen claims (the “HAI and Gold Bug Claims”) that comprised approximately 133 hectares within Revival Gold’s Beartrack-Arnett 5,800 hectare project area.

Revival Gold delivered the following in exchange for extinguishing the 1% NSR on the HAI and Gold Bug Claims:

C$75,000 cash payment; and
200,000 common shares of Revival Gold (the “Shares”) with such Shares subject to a hold period from the Closing date as follows: (i) 66,666 Shares shall be tradeable after four months; (ii) 66,667 Shares shall be tradeable after twelve months; and the remaining 66,667 Shares shall be tradeable after eighteen months.
The Company received all necessary regulatory approvals, including TSX Venture Exchange approval, in connection with the termination of the 1% NSR.

About Revival Gold

Revival Gold is a growth-focused gold exploration and development company. The Company is advancing the Beartrack-Arnett Gold Project located in Idaho, USA.

Beartrack-Arnett is the largest past-producing gold mine in Idaho. The project benefits from extensive existing infrastructure and is the subject of a recent Preliminary Feasibility Study for the potential restart of open pit heap leach gold production operations.

Since reassembling the Beartrack-Arnett land position in 2017, Revival Gold has made one of the largest new discoveries of gold in the United States in the past decade. The mineralized trend at Beartrack extends for over five kilometers and is open on strike and at depth. Mineralization at Arnett is open in all directions.

Additional disclosure including the Company’s financial statements, technical reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR+ at www.sedarplus.com.

For further information, please contact Hugh Agro, President & CEO or Melisa Armand, Investor Relations. Telephone (416) 366-4100 or email info@revival-gold.com