Revival Gold Inc. announced the results of an independently authored study (“Study”) into the potential economic impacts of the Company’s Beartrack-Arnett Gold Project (“Beartrack-Arnett”) on the local community of Lemhi County and the State of Idaho. The PEA outlined a first phase open pit mining and heap leach operation producing an estimated 72,000 ounces of gold per year over an estimated seven-year mine life following an initial capital investment of $100 million and a one-year construction period. Including sustaining capital and other expenditures, the total cumulative gross capital investment is estimated to be $207 million. The project would generate an after-tax Net Present Value at a 5% discount rate (“NPV5%”) of $88 million and an after-tax Internal Rate of Return (“IRR”) of 25% at a $1,550 per ounce gold price, increasing to a $211 million NPV5% and 49% after-tax IRR at a gold price of $1,950 per ounce. This PEA is preliminary in nature; it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources are not mineral reserves and do not have demonstrated economic viability. The Study found that during operations, Beartrack-Arnett will directly employ an average of 267 people per year with an average salary package estimated at approximately $100,000 per person, 80% higher than the average salary package in Idaho and 107% higher than the average salary package in Lemhi County where the median annual household income is $37,900. Including indirect jobs, some 858 full-time jobs will be supported each year by the mine. An additional 506 full-time direct and indirect jobs will be supported during project construction.