Revival Gold Announces Key Appointments and Grants Stock Options

TORONTO, ONTARIO--(Marketwired - July 18, 2017) -

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Revival Gold Inc. (NEX:RVG.H) (the "Company") announces the appointment of Steven Priesmeyer as Vice President, Exploration and Pete Blakeley as the Company's General Manager.

Steven Priesmeyer is an exploration geologist with over thirty years' experience managing and developing exploration projects. Mr. Priesmeyer was most recently responsible for delineating a 30 million ounce silver resource at Soltoro's El Rayo project located in Mexico. Soltoro was acquired by Agnico Eagle Mines Limited in early 2015. Previously, Mr. Priesmeyer served as Exploration Manager for MinCore Inc. and in various positions with Yukon-Nevada Gold Corporation, A.C.A. Howe International Limited, Queenstake Resources Ltd. and Monarch Resources Ltd. In addition to the El Rayo project, Mr. Priesmeyer managed exploration on the advanced-stage Magistral gold deposit and the Tameapa copper-molybdenum porphyry deposit and was involved in exploration programs at the Jerritt Canyon mine property. Mr. Priesmeyer holds a B.Sc. in Geology and completed his M.Sc. in Geology at the University of Idaho. Mr. Priesmeyer is a Qualified Person as defined by NI 43-101.

Pete Blakeley is an Idaho-based mining professional with over thirty years' experience including ten years with Meridian Beartrack Co., most recently as Site Manager at the Beartrack Gold Project located approximately 20 miles from Salmon, Idaho. Mr. Blakeley also served as Chief Mining Engineer with Andean Resources Ltd., as Senior Advisor Mining with Rio Tinto OTX in Salt Lake City and in various positions with Phelps Dodge Corporation and Glamis Gold Ltd. Mr. Blakeley has achieved a record of zero safety accidents or incidents and over the course of his career spanning roles in geology, engineering, operations and reclamation. Mr. Blakeley was a member of the U.S. Army and National Guard and holds a B.Sc. in Geologic Engineering from Montana College of Mineral Science and Technology.

Revival Gold further announces the engagement of Wayne Hubert and Tye W. Burt as Strategic Advisors to the Company.

Wayne Hubert was most recently CEO and Director of Andean Resources Limited. Mr. Hubert led Andean through several discoveries which increased Andean's resource to over 5 million ounces of gold as well as through subsequent feasibility studies, financings and permitting. Andean was ultimately acquired by Goldcorp Inc. for $3.5 billion in 2010. Prior to Andean, Mr. Hubert was an executive with Meridian Gold Inc. Mr. Hubert holds a B.Sc. in Chemical Engineering and an MBA.

Tye W. Burt has extensive experience in the global mining and mining industry and in investment banking. Mr. Burt is a Principal of Carbon Arc Capital Investments Inc., a member of the board of ArcelorMittal, Chair of Urthecast Corp. and Vice-Chair of the Royal Ontario Museum Foundation Governors. Previously, Mr. Burt was Chair of the University of Guelph's $200 million "Better Planet Project" Campaign and President and CEO of Kinross Gold Corporation from 2005 to 2012. Prior to that, Mr. Burt was a Vice-Chairman with Barrick Gold Corporation, Chairman of Deutsche Bank Canada and Global Managing Director of Metals & Mining, Deutsche Bank AG. Mr. Burt also served as Managing Director and Co-Head of the Mining Group, Burns Fry Ltd. and BMO Nesbitt Burns. Mr. Burt holds a BA and LLB.

Subject to regulatory approval, Revival Gold has granted 1,275,000 incentive stock options to directors, officers and consultants of the Company. Pursuant to the Company's Stock Option Plan, the options are exercisable at a price of $0.50 per share for a period of five years.

About Revival Gold Inc.

Revival Gold Inc. (previously Strata Minerals Inc.) is a growth focused gold exploration and development company. The Company holds rights to a 100% interest in the Arnett Creek Gold Project located in Lemhi County, Idaho.

In addition to its interests in Arnett Creek, the Company is pursuing other gold exploration and development opportunities and holds a 51% interest in the Diamond Mountain Phosphate Project located in Uintah County, Utah.

Additional disclosure of the Company's financial statements, technical reports, material change reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

For further information, please visit www.revival-gold.com.

Cautionary Statement

This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward- looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, the relevance and reliability of the resource estimates in the PAH Reports, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: the resource estimates in the PAH Reports may not be accurate, valid or complete; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.