Revolver Resources Inc.
TSX VENTURE : RZ

Revolver Resources Inc.

May 29, 2013 15:37 ET

Revolver Resources Announces Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 29, 2013) - Revolver Resources Inc. (TSX VENTURE:RZ) ("Revolver") is pleased to announce that it is arranging a non-brokered private placement financing of up to 10 million units (the "Units") at a price of $0.05 per unit to raise gross proceeds of up to $500,000. Each unit will consist of one common share of Revolver, and one transferable share purchase warrant (a "Warrant"). Each Warrant shall be exercisable to acquire one additional common share for a period of two years at a price of $0.15 per share. Revolver will also be paying a finder's fee in accordance with the policies of the TSX Venture Exchange and applicable securities legislation. The financing is subject to regulatory approval.

About Revolver Resources Inc.:

Revolver recently announced it has entered into an option agreement with Pistol Bay Mining Inc. whereby Revolver may earn a 60% interest in the Summit B property (For more information on the option agreement see the Revolver press release dated May 17th, 2013).

The 1,394 hectare (3,446 acre) Property is located in the Iskut area of northwestern British Columbia, Canada, and is contiguous with Colorado Resources Ltd.'s ("Colorado") North Rok copper-gold property (the "North Rok Property"). Colorado's recent North Rok Property discovery hole intersected 242 metres grading 0.63% copper and 0.85 g/t gold. More complete details can be found in Colorado's news release dated April 25, 2013. The Summit B property is also 20 kilometres northwest of Imperial Metals Red Chris Copper-Gold project.

In 2010 Pistol Bay carried out preliminary surface geological mapping and geochemical sampling which outlined a gold-bearing horizon on the Summit B property. Previous programs had focused on copper exploration, outlining a trend of roughly 100 metres of strongly anomalous copper values from rock sampling. Although copper was the main focus, rock sampling also returned several high gold values, including 4.95 g/t gold, along a parallel zone roughly 30 metres southwest of the main trend. Further exploration in 2010, at this location, yielded two notable rock composite grab samples of similar gold-bearing rock. Results of 17.9 g/t gold with 18.5 g/t silver, and 10.9 g/t gold with 15.9 g/t silver respectively, were returned. Detailed grid soil sampling and rock sampling indicate these correspond to a 250 metre trend of anomalous gold values, including a rock chip sample of similar material grading 1.875 g/t gold across 2.0 metres. Similar coincident anomalous copper-gold values were returned from soil sampling about 250 metres farther northwest along trend. This trend represents a new target warranting further exploration within the Summit B block. Composite grab sampling throughout the property returned numerous anomalous copper values from 0.271% to 1.505% copper.

The B.C. Minfile description of the Kitty occurrence reports historic work including 9 bulldozer trenches over an area of 170 by 5 metres (B.C. Assessment Report 21416) and historic results from surface grab samples as high as 8.98% copper, 24.5 g/t silver and 0.045 g/t gold. Grab samples as high as 1.61 g/t gold and 0.6% copper have been returned from another showing approximately 50 metres southwest of the bulldozed trench area.

Technical information in this news release has been prepared and/or revised by Michel Boily, PhD, PGeo, and qualified person as defined in NI 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS

Robert L. Birmingham, President

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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