Revival Gold Completes $33 Million Private Placement

Revival Gold Inc. has closed its brokered private placement, raising $33,001,250 through the issuance of 38,825,000 common shares at C$0.85 each. Paradigm Capital Inc. led the Offering with several agents. The proceeds will advance Revival Gold's exploration projects, especially the Mercur gold project in Utah and the Beartrack-Arnett project in Idaho.

Current and new shareholders, including strategic shareholder EMR Capital Management, showed strong interest. EMR increased its stake in Revival Gold from 11.7% to 13.2%. The financing will support further drilling at the Beartrack-Arnett gold project and is expected to aid the completion of a preliminary feasibility study for Mercur in early 2027.

A total of 12,700,600 shares were sold in Canada under a financing exemption, while 26,124,400 were sold outside Canada. These shares are immediately tradeable under Canadian securities legislation.