Revival Gold Intercepts 1.8 g/t Gold Over 26 Meters and Provides Update on Mercur Heap Leach Project in Utah

TORONTO, ON / ACCESS Newswire / January 7, 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.

Drilling Highlights

• Assay results have been received from an additional nineteen drill holes with the following highlight intersections in near-surface oxide gold mineralization at Mercur:

  • 1.8 g/T gold over 25.9 meters width at 6.1 meters downhole in RM25-144;

  • 1.3 g/T gold over 21.9 meters width at 16.8 meters downhole in RMC25-019; and,

  • 0.7 g/T gold over 29.0 meters width at 21.3 meters downhole in RM25-131.

• Results to date continue to confirm the expected tenor and leachability of mineralization and demonstrate exploration upside opportunities at Main Mercur.

Development Update

• Revival Gold's lead environmental and permitting consultant, Stantec Consulting Inc. ("Stantec"), has completed detailed work plans for baseline biological studies. Field work will commence in Q1 and is expected to be completed over the next twelve months.

• Discussions have been initiated with Utah regulators on the mitigation of historical mining-related archaeological sites. Phased mitigation planning by Stantec is underway with the next stage of field work expected to commence in Q2.

• PQ core sample selection and test preparation is underway by Revival Gold's lead metallurgical and process design consultants, Kappes, Cassiday & Associates, for a program of approximately twenty column leach tests expected to be completed by the end of Q2.

• A contractor has been selected to evaluate and redevelop the historical Barrick water supply wells at Mercur. Work will commence this month.

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 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 2^nd, 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 7^th, 2026 Results

Table 1: Detailed Drill Results