PURSUING A REVIVAL. IN GOLD . CORPORATE PRESENTATION UPDATE - - PowerPoint PPT Presentation

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PURSUING A REVIVAL. IN GOLD . CORPORATE PRESENTATION UPDATE - - PowerPoint PPT Presentation

TSX-V: RVG www.revival-gold.com PURSUING A REVIVAL. IN GOLD . CORPORATE PRESENTATION UPDATE November 2017 Disclaimer This document has been prepared by Revival Gold Inc. (Revival Gold or, the Company) solely for the use in the


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PURSUING A REVIVAL. IN GOLD.

CORPORATE PRESENTATION UPDATE November 2017

TSX-V: RVG www.revival-gold.com

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SLIDE 2

Disclaimer

This document has been prepared by Revival Gold Inc. (“Revival Gold” or, the “Company”) solely for the use in the presentation being given in connection with the recipient’s evaluation of the Company which is defined and outlined further herein. This documentation is a presentation of information about the Company’s activities as the date of the presentation. It is information in a summary form and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular

  • investor. These should be considered, with or without professional advice, when deciding if an investment is appropriate.

The information contained in this presentation is derived from estimates made by the Company, information that has been provided to the Company by other parties and otherwise publicly available information concerning the Opportunity and does not purport to be all-inclusive or to contain all the information that an investor may desire to have in evaluating whether or not to make an investment in the Company. The information has not been independently verified and is subject to material updating, revision and further amendment. No representation or warranty, express or implied, is made or given by or on behalf of the Company or any of its affiliates or subsidiary undertakings or any of the directors, officers or employees of any such entities as to the accuracy, completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any person for such information or opinions. In furnishing this presentation, the Company does not undertake or agree to any obligation to provide the attendees with access to any additional information or to update this presentation or to correct any inaccuracies in, or omissions from, this presentation that may become apparent. No person has been authorized to give any information or make any representations other than those contained in this presentation and, if given and/or made, such information or representations must not be relied upon as having been so authorized. The information and opinions contained in this presentation are provided as at the date of this presentation. The contents of this presentation are not to be construed as legal, financial or tax advice. Each prospective investor should contact his, her or its own legal adviser, independent financial adviser or tax adviser for legal, financial or tax advice. This Presentation 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 ability to complete the Beartrack Project related financings, the relevance and reliability of the historical Beartrack Project resource estimate, 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 inability to complete the acquisition of the Beartrack Project and related financings on the terms as announced or at all; the historical Beartrack Project resource estimate may not be relevant or reliable; 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. This presentation does not constitute or form part of any offer or invitation for the sale or purchase of securities or any of the assets, business or undertaking described herein nor shall it or any part of it form the basis of or be relied on in connection with, or act as any inducement to enter into, any contract or commitment whatsoever. Recipients of this presentation who are considering an investment in the Company are reminded that any such purchase or subscription must not be made on the basis of the information contained in this presentation but are referred to the entire body of publicly disclosed information regarding the Company. This presentation is being supplied to you solely for your information and may not be reproduced, further distributed or published in whole or in part by any other person. Distribution of this presentation may be restricted or prohibited by law. Recipients are required to inform themselves of, and comply with, all such restrictions or prohibitions and the Company does not accept liability to any person in relation thereto. Neither this presentation nor any copy of it may be taken or transmitted into the United States of America or distributed directly or indirectly, in the United States of America or to any resident thereof except in compliance with U.S. securities laws. The technical and scientific information in this document was reviewed and approved by Steven T. Priesmeyer, C.P.G., VP, Exploration and a Qualified Person under National Instrument 43-101.

TSX-V: RVG www.revival-gold.com 2

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SLIDE 3

Why Revival?

TSX-V: RVG www.revival-gold.com 3

  • We are at the start of a reviv

ival in gold

Price up 6% in 2016, up 10% 2017 YTD

  • Our founding marks the revival of a solid gold

team

Executives with successful track records at both large and small companies: Kinross, AngloGold, Coeur, Soltoro

  • The rev

evival of brownfields sites is a proven path to value creation

Goldstrike, Malartic, Detour, Macassa, Fosterville, Lamaque, Cove-McCoy…

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SLIDE 4

Revival Gold Inc.

TSX-V: RVG www.revival-gold.com 4

2017 M Milest stones: s: March ch Ju June September October Nove vember

A growth compan pany in in go gold ld

Led by successful veterans including:

  • Hugh

gh A Agr gro, President & CEO – Mining engineer and executive, previously with Kinross and Placer Dome

  • Steve P

Priesmeye yer, VP Exploration – Seasoned geologist and explorationist, previously with Soltoro

  • Do

Don n Birak, Director – Idaho-based, previously with Coeur and AngloGold

  • Wayn

yne Hubert, Director Nominee

  • Tye W.
  • W. B

Burt, Strategic Advisor

  • Completed restructuring
  • Consolidated the Arnett

Creek Gold Project and completed $1.8 MM financing

  • Announced Beartrack
  • Drilling commenced
  • Beartrack approved; $9 MM

financing completed

  • 3,000 meters drilling

completed at Beartrack

  • 107 rock sample results

released on Arnett Creek

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SLIDE 5

Capital Structure

TSX-V: RVG www.revival-gold.com 5

Tight s struc uctur ure, s e, strateg egic ic f funding ing r relatio ionsh nship ip w with O Orion

Shar ares / / Balan lance S Sheet milli lion

  • ns

Bas Basic Shares es Options & Warrants (avg. exercise px $0.72 each) 40. 40.8 12.7 Fully lly D Dilu luted S Shares 53. 53.5

  • Est. W

Work rking Cap apital al (20 O

20 Oct.’17)

C$9. $9.2 Share re Price ce (31

31 Oc Oct.‘17 17)

C$0. $0.75 52 Week H Hi/Lo Lo

C$0.86/C$0.08

Bas Basic M Mar arket C Cap ap

C$31 31 mill llion Shar arehold

  • lders

%

Management Orion Mine Finance Yamana and Otis Gold Institutional/High Net Worth Retail 14% 10% 9% 46% 21% Total 100%

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SLIDE 6

TSX-V: RVG www.revival-gold.com 6

Positioned in North America

2nd

nd larges

est g gold produc ucing ing r regio ion n in in the w world

  • Skilled work-for
  • rce

ce

  • Constructive

permit ittin ing a and

  • perat

atin ing environment

Source: World Gold Council

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SLIDE 7

Idaho: Rich Mineral Endowment

TSX-V: RVG www.revival-gold.com 7

Larges est s state e invent entory o

  • f

mine ineable g gold in in the U Unit nited S States

Source: U.S. Bureau of Mines

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SLIDE 8

Beartrack Gold Project

TSX-V: RVG www.revival-gold.com 8

Former er produc ucer

  • er. O

. Open en p pit it, h , hea eap l leach mining ing o

  • f oxides

es i in the 1 e 1990’s r recover ered ed 600, 00,000 oz go gold ld

  • Histor
  • ric

c resou

  • urce

ce o

  • f 1.

1.3 MM MM oz

  • z Au

Au See Endnote 1

27 MM tonnes at 1.5 g/t Au See Endnote 1 in

  • xides, mixed oxides and sulphides
  • Hig

High grad ade valu alues at at dept pth h (drilled width)

9.75 m @ 71 g/t Au in BT-175 13.7 m @ 9.4 g/t Au in BT-131 7.92 M @ 5.5 g/t Au in BT-186

  • Targeting >3 MM

MM oz

  • z Au in

in bulk scal ale an and/or sel elective high gher gr grade opportunity

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SLIDE 9

Arnett Creek Gold Project

5,8 5,874 acr acre lan and p position adjoini ning Bear artrack

  • Grades from 0.6 g/

g/t A Au to 1.9 g g/t A Au with average of 0.85 g/t Au in historic indicated resource See Endnote 2

  • PA

PAH studi dies es See Endnote 2 in mid-90’s but sidelined due to low gold price and prior

  • perator’s move to Chile
  • Targeting >

g >500,000 oz

  • z Au

Au in oxides at surface. 75-80% heap leach recoveries indicated

TSX-V: RVG www.revival-gold.com 9

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SLIDE 10

Combined Position – 3,780 Hectares

TSX-V: RVG www.revival-gold.com 10

Source: Revival Gold Inc.

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Significant Gold Endowment

TSX-V: RVG www.revival-gold.com 11

Source: Meridian Beartrack

Combined ined produc uctio ion a n and hist istoric ic resour urces o es of >2.7 M MM

  • z Au

Au See Endn

dnot

  • te 3

3

Beartrack Arnett Creek

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SLIDE 12

TSX-V: RVG www.revival-gold.com 12

Yqm Yy

Approximate ore zone

Yy

Source: Meridian Beartrack

Yqm: Quartz Monzonite Yy: Yellowjacket Formation

Beartrack South Pit Remnants

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SLIDE 13

TSX-V: RVG www.revival-gold.com 13 Joss ss S South Wards Nor North Allen en +5 k km s strike len length

5 km length to known o

  • rogenic

enic g gold s syst stem em

  • Mineralization in five locat

atio ions; intersected to-date from about 1,520 to 2,270 meters elevation

  • Open

n to so sout uth-west alo along s strik ike and open at at depth

Beartrack Mineral System

Source: Meridian Beartrack

? ? ? ? ? ?

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SLIDE 14

2012 Beartrack Deep Drilling

14

  • First program since mine

shut in 2001. First focused o

  • n p

potentia ial l at at dep depth

  • Fourtee

een core h e holes es drilled below known mineralization, with suc success s in th the Jo Joss ss, So South and d Ward’s Gulch h ar areas as

  • Despite success, 2013

program cut ut back to just ust 7 holes

Source: Meridian Beartrack

N

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SLIDE 15

Beartrack 11,000 m Program

15

Source: Revival Gold

TSX-V: RVG www.revival-gold.com

Objectives: (1) Assess and confirm near surface historic resource 1 (2) Test high- grade potential at depth

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SLIDE 16

Ward’s Gulch Long Section

16

Initial deep drilling to target 30 meters above and to the east, and 30 meters above and to the west of BT12- 175D

Source: Interpretation by Revival Gold. True width grades shown in figure.

Grad ade-Th Thickness P Plot

(gram x meters)

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SLIDE 17

Beartrack Phase 1 Program

TSX-V: RVG www.revival-gold.com 17

Notes:

  • 2012 Drill holes in green
  • Proposed 2013 Drill Holes in purple
  • 0.030 OPT grade shell f rom 2012 RMI model in red

Joss South Wards/North Allen

Full S Seas ason 2018

  • Additional 8,000 m of core drilling

(with 2 rigs)

  • Metallurgical assessment
  • Resource estimate
  • Prepare permit for 2019 drilling

$6 M MM i including ing 1 11,0 ,000 m met eter ers o

  • f drilling

ing

Fall all 2 2017

  • 3,000 m core drilling completed
  • Initial results expected before year end

Source: Revival Gold Inc. (September 2017)

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Arnett Creek Phase 1 Program

TSX-V: RVG www.revival-gold.com 18

Notes:

  • 2012 Drill holes in green
  • Proposed 2013 Drill Holes in purple
  • 0.030 OPT grade shell f rom 2012 RMI model in red

Full Year ar 2018

  • Targeting 2,000 m of core drilling
  • Integrate new drilling with

historic results and assess at current gold price

$1 M MM i including ing 2 2,000 m met eters o s of d drilling ing

Summer mmer & Fall 2 2017

  • Staking completed
  • Initial mapping, prospecting, rock sampling program completed
  • Plan of Operations submitted

Source: Revival Gold Inc. (August 2017)

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SLIDE 19

Arnett Creek 2017 Rock Samples

19

Source: Revival Gold

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SLIDE 20

Leadership

Hugh h Agro, President nt & C CEO Mining engineer and mining executive. Former EVP, Kinross Gold. B.Sc. (Mining), MBA, P.Eng. Pete Blakeley, General Manager er Geological Engineer, former Site Manager, Meridian Beartrack and Chief Engineer, Andean Resources. B.Sc. (Geological Engineering) Micha chael Mansf sfield, D Director Calgary-based investment professional with Industrial Alliance Securities Inc. CA, CFA. Wa Wayne H Hubert, D Director

  • r N

Nominee ee CEO of InZinc Mining, former CEO of Andean Resources. B.Sc. (Chemical Engineering), MBA.

TSX-V: RVG www.revival-gold.com 20

Steve P Priesmeyer, V VP Explor

  • ration
  • n

Geologist with experience in projects from grassroots through feasibility. B.Sc., M.Sc. (Geology). C.P.G., QP for NI 43-101 TRs. Carmelo M Marrelli, i, C CFO & Director Toronto-based accountant and corporate services executive with MSSI. CPA, CA, CGA. Don B Birak ak, D Director

  • r

Geologist, former SVP, Coeur Mining and VP AngloGold North America. B.Sc., M.Sc. (Geology), Fellow of AusIMM, SME Regis. Mem., QP for NI 43-101 TRs. Ty Tye W.

  • W. Bu

Burt, t, Strat ategic A Adviso sor Extensive experience in global mining & metals industry, former CEO, Kinross Gold. BA, LLB.

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SLIDE 21

Valuation Per Oz Au

TSX-V: RVG www.revival-gold.com 21

RVG @ US$17/oz*

*Note: Revival Gold EV/oz Au estimated by the Company based on total historic resources of 1.5 MM oz Au See Endnotes 1 and 2, a current market cap at C$0.75/share of US$23.9 MM, assuming a payment of US$6/oz of Beartrack historic resources See Endnote 2, assuming remaining payments on the Arnett Creek Project acquisition of US$1.3 MM, less current estimated working capital of C$9.2 MM and an exchange rate of 1.29 C$/$US.

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Recap Investment Rationale

TSX-V: RVG www.revival-gold.com 22

Proven en g gold d team Tight cap apital al structure and strat ategic r rela lationship w with Or Orio ion Brownfiel elds ds exploration and development in in the U U.S.A.

  • 1.5 MM oz Au of total historic resource See Endnotes 1 and 2
  • High grade target at Beartrack; modern techniques to be applied
  • Targeting >3 MM oz Au opportunity

C$9.2 MM MM cas ash; fully funded ded through 2017 and 2 d 2018 Initia ial 2 2017 drill results expected before year-end Attrac activ ive val aluat ation relative to peers – US$17/oz gold See Endnote 4

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SLIDE 23

TSX-V: RVG www.revival-gold.com 23

Appendix

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SLIDE 24

Beartrack Earn-In Agreement

TSX-V: RVG www.revival-gold.com 24

Revival t l to earn a 100% int interest in t in the e Bea Beartrack Proper erty located in in Id Idaho, U.S .S.A .A.

  • Key terms with subsidiary of Yamana Gold announced Sept. 7, 2017
  • 1 MM shares and US$250,000 paid; a further 3 MM shares due
  • ver the next four years
  • US$10 MM in exploration over four years; including US$4 MM by

August 31, 2019

  • Funding remediation costs in years three and four of the

Agreement (estimated to be approximately US$850,000 each year)

  • Payment of US$6/oz of resource or US$15/oz reserve in year

seven plus 1% NSR

  • Obligation to assume remaining site remediation obligation on

close of acquisition

Note: See September 7, 2017 press release for details.

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SLIDE 25

TSX-V: RVG www.revival-gold.com 25

Beartrack Site Status

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SLIDE 26

Beartrack Drill Hole B12-175D

26

Source: Meridian Beartrack

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Beartrack Deep Drill Results

TSX-V: RVG www.revival-gold.com 27

Source: Revival Gold interpretation of Meridian Beartrack’s drill results. True thickness estimated at ½ drilled width. Results of 7 g/t Au or better over 1 meter estimated true width or better highlighted.

Hole Number Location From (ft) From (m) To (ft) From (m) Drilled Width (m) Estimated True Width (m) Average Gold Grade (g/t) Average Silver Grade (g/t) AuEq (50:1) (g/t) DD-131 Ward's Gulch 438.00 133.50 527.00 160.63 27.13 13.56 7.32 NA NA incl. 451.00 137.46 496.00 151.18 13.72 6.86 9.42 NA NA incl. 451.00 137.46 472.00 143.87 6.40 3.20 12.96 NA NA incl. 502.00 153.01 509.50 155.30 2.29 1.14 14.02 NA NA BT12-175D Ward's Gulch 1653.50 503.99 1685.50 513.74 9.75 4.88 71.02 76.8 72.56 incl. 1653.50 503.99 1673.00 509.93 5.94 2.97 111.34 117.6 113.69 1714.00 522.43 1716.80 523.28 0.85 0.43 7.34 14.2 7.62 BT12-176D South Pit 1007.00 306.93 1072.00 326.75 19.81 9.91 4.07 57.5 5.22 incl. 1017.00 309.98 1027.00 313.03 3.05 1.52 12.28 75.1 13.78 incl. 1042.00 317.60 1049.00 319.74 2.13 1.07 5.25 32.5 5.90 incl. 1067.00 325.22 1072.00 326.75 1.52 0.76 5.12 29.8 5.72 BT12-177D South Pit 967.00 294.74 972.00 296.27 1.52 0.76 4.57 6.3 4.70 1452.00 442.57 1457.00 444.09 1.52 0.76 3.63 8.3 3.80 BT12-178D Ward's Gulch 1237.50 377.19 1244.00 379.17 1.98 0.99 6.62 84.1 8.30 1271.50 387.55 1287.50 392.43 4.88 2.44 7.86 4.8 7.96 incl. 1275.50 388.77 1283.00 391.06 2.29 1.14 12.30 5.1 12.40 1421.10 433.15 1431.00 436.17 3.02 1.51 5.71 6.0 5.83 1478.10 450.52 1484.00 452.32 1.80 0.90 7.84 10.6 8.05 BT12-179AD South Pit 1927.00 587.35 1933.00 589.18 1.83 0.91 5.14 104.9 7.24 1949.00 594.06 1957.00 596.49 2.44 1.22 4.54 47.7 5.49 2197.00 669.65 2236.00 681.53 11.89 5.94 4.31 3.8 4.39 incl. 2215.00 675.13 2224.00 677.88 2.74 1.37 8.53 4.1 8.61 BT12-181D Ward's Gulch 524.00 159.72 538.50 164.13 4.42 2.21 1.59 17.8 1.94 BT12-183D South Pit 1722.00 524.87 1757.00 535.53 10.67 5.33 3.75 5.4 3.86 1722.00 524.87 1738.50 529.89 5.03 2.51 5.03 7.5 5.18

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Beartrack Deep Drill Results (cont’d)

TSX-V: RVG www.revival-gold.com 28

Source: Revival Gold interpretation of Meridian Beartrack’s drill results. True thickness estimated at ½ drilled width. Results of 7 g/t Au or better over 1 meter estimated true width or better highlighted.

Hole Number Location From (ft) From (m) To (ft) From (m) Drilled Width (m) Estimated True Width (m) Average Gold Grade (g/t) Average Silver Grade (g/t) AuEq (50:1) (g/t) BT12-184D Ward's Gulch 1441.00 439.22 1461.50 445.47 6.25 3.12 3.53 11.4 3.76 incl. 1441.00 439.22 1448.00 441.35 2.13 1.07 6.00 10.9 6.22 incl. 1457.00 444.09 1461.50 445.47 1.37 0.69 5.54 8.9 5.72 BT12-186D Joss 1172.00 357.23 1214.00 370.03 12.80 6.40 3.91 2.2 3.95 incl. 1203.00 366.67 1210.50 368.96 2.29 1.14 5.57 1.7 5.60 1284.50 391.52 1310.50 399.44 7.92 3.96 5.52 4.2 5.60 incl. 1303.00 397.15 1310.50 399.44 2.29 1.14 8.88 2.9 8.94 1695.50 516.79 1713.00 522.12 5.33 2.67 4.29 2.4 4.34 incl. 1695.50 516.79 1703.00 519.07 2.29 1.14 5.94 0.8 5.96 incl. 1711.00 521.51 1713.00 522.12 0.61 0.30 9.93 14.5 10.22 BT13-187D Ward's Gulch 1002.50 305.56 1050.00 320.04 14.48 7.24 2.50 7.8 2.66 incl. 1021.50 311.35 1029.00 313.64 2.29 1.14 4.73 16.0 5.05 1264.00 385.27 1267.00 386.18 0.91 0.46 14.55 6.5 14.68 BT13-188D Ward's Gulch 1277.00 389.23 1296.50 395.17 5.94 2.97 2.41 14.6 2.70 1488.00 453.54 1490.00 454.15 0.61 0.30 3.68 227.0 8.22 BT13-189D Ward's Gulch 1297.00 395.33 1302.00 396.85 1.52 0.76 6.13 8.8 6.31 BT13-190D Ward's Gulch 1197.00 364.85 1200.00 365.76 0.91 0.46 5.47 3.2 5.53 BT13-191D Ward's Gulch 1363.00 415.44 1367.00 416.66 1.22 0.61 5.67 1.7 5.70 1490.00 454.15 1494.00 455.37 1.22 0.61 15.75 24.7 16.24 BT13-192D Ward's Gulch 1352.00 412.09 1383.00 421.54 9.45 4.72 2.10 21.4 2.53 1715.50 522.88 1718.50 523.80 0.91 0.46 3.88 4.9 3.98 BT13-193D Ward's Gulch 1149.50 350.37 1160.00 353.57 3.20 1.60 5.00 1.2 5.02 1169.75 356.54 1177.50 358.90 2.36 1.18 4.80 1.1 4.82 1946.50 593.29 1948.00 593.75 0.46 0.23 7.06 94.3 8.95

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SLIDE 29

Arnett Creek Acquisition Terms

TSX-V: RVG www.revival-gold.com 29

Owners rs Initial ial Intere rest Cl Clai aims Acre res Pa Payment at at Cl Close Addit ditio ional al Pay ayments US$ S$ NSR R Ro Royalty Roya yalty y Bu Buy- Ba Back US$ S$ Residu idual Buyout US$ S$ C$ C$ Sha hare res Pr Priv ivate Indiv ividu idual als 100% 10 192 $202,500 nil US$800,000

  • ver 5 yrs

2.0% $2 MM NA Bu Bullrun/ UMR MR 75% 68 1,441 nil 3.00 MM nil 1.0% $2 MM $500,000 In 5 yrs Otis is G Gold Co Corp 100% 16 331 $100,000 2.75 MM nil 1.0% $2 MM NA TOTA TAL 94 94 1, 1,964 964 $302 302,50 500 5.7 .75 MM MM $800 800,00 000

  • ver 5

5 yr yrs 1-2% 2% $6 M $6 MM $500 500,00 000 In 5 n 5 yr yrs Note: See June 30, 2017 press release for further details.

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SLIDE 30

Arnett Creek Little Chief Target

TSX-V: RVG www.revival-gold.com 30

Se Sele lect H Historic R RC C Dr Drill Holes es

Table Notes:

1Based on historic drill hole data. Results have not been independently confirmed. 2Estimated true widths are near drilled widths for the Little Chief Mine. Estimated true widths for

the Little Chief Extension are approximately half the drilled width.

30.0292 troy ounces gold per short ton equals 1 gram gold per metric tonne.

Area Hole Number From (feet) To (feet) Drilled Width2 (feet) Au (oz/ton)3 Au (gm/tonne)3 Little Chief Mine ACR90-160 50 50 0.030 1.03 ACR90-170 135 195 60 0.026 0.89 Little Chief Extension ACR89-55 70 175 105 0.088 3.01 ACR90-119 40 155 115 0.095 3.25 ACR90-122 70 95 25 0.031 1.06 ACR90-122 205 245 40 0.069 2.36

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SLIDE 31

TSX-V: RVG www.revival-gold.com 31

Notes:

1. 1. Bear artrac ack His istoric Reso source Estim imat ate (p (page 8 & 15 15 & 22 22): In 2011 Meridian Beartrack completed an internal review and estimated a remaining resource of 26.6 million tonnes at an average grade of 1.51 g/t gold containing approximately 1,299,000 ounces of gold (the “Historical Resource Estimate”). The Historical Resource Estimate was unclassified and did not use the categories (“inferred”, “indicated” or “measured” mineral resource, or “probable” or “proven” mineral reserve) set out in Sections 1.2 and 1.3 of NI 43-101 as defined by the Canadian Institute of Mining, Metallurgy an Petroleum (“CIM”). Although the Historic Resource Estimate is unclassified, based on the rigorous nature of the methodology employed in making the estimate, the resource estimate could be categorized as an historic inferred mineral resource. The Meridan Beartack resource estimate was prepared prior to the implementation of NI 43-101 and does not conform to this standard. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and Revival Gold is not treating the historical estimate as current mineral resource or mineral reserve. See press release dated September 7th, 2017 for further details. 2. 2. Arnett Creek His istoric ic Reso source (pa page 9 & 22 22): As reported by Pincock, Allan & Holt (“PAH”) in an updated conceptual study on Arnett Creek issued in 1994. Approximately half the area historic resource and four of the five mineralized areas included in the PAH 1994 report are located on claims 100% owned or optioned by Revival Gold

  • Inc. The PAH report was prepared prior to the implementation of NI 43-101 and does not conform to this standard.

A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and Revival Gold is not treating the historical estimate as current mineral resource or mineral

  • reserve. See press release dated June 30, 2017 for further details.

3. 3. Co Combin ined Pr Produ ductio ion & His istoric ic Reso source fr from

  • m Area (pa

page 11 11): Documented production and historic resources of gold totals: 475,000 - 600,000 oz of placer gold production (Johnson et al, 1998), 600,000 oz of hard rock gold production at Beartrack (Meridian Gold), 327,000 oz of gold in historic indicated resources and 53,000 oz of gold in historic inferred resources at Arnett Creek1 and 1,299,000 oz of gold in post-mining historic resources at Beartrack See Endnote 2. 4. 4. Analysi sis of Marke ket Va Value and nd Resources es (pa page 22 22): Refer to Company analysis on page 21.

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SLIDE 32

Contact Info:

Revival Gold Inc.

145 King St. W., Suite 2870 Toronto, Ontario M5H 1J8 Hugh Agro Andrea Totino President & CEO Investor Relations Manager Email: info@revival-gold.com Tel.: 416-366-4100

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TSX-V: RVG www.revival-gold.com