PURSUING A REVIVAL. IN GOLD . BEARTRACK TRANSACTION October 2017 - - PowerPoint PPT Presentation

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PURSUING A REVIVAL. IN GOLD . BEARTRACK TRANSACTION October 2017 - - PowerPoint PPT Presentation

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


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SLIDE 1

PURSUING A REVIVAL. IN GOLD.

BEARTRACK TRANSACTION October 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 reviva

val in gold

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

  • Our founding marks the reviva

val of a solid gold team

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

  • The reviva

val 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

A new growth compan pany in in gold ld

Led by seasoned executives 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, Strategic Advisor

  • Tye W.
  • W. B

Burt, Strategic Advisor

  • Completed restructuring
  • Consolidated the Arnett

Creek Gold Project

  • Completed $1.8 MM

financing

  • Announced Beartrack
  • $9.6 MM financing

launched

  • Drilling commenced
  • Beartrack approved
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SLIDE 5

Capital Structure

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

Tightly h hel eld, , strong ng s shareh eholder er b base se

Shar ares / / Balan lance S Sheet milli lion

  • ns

Bas Basic Shares es Options @ $0.10 Options @ $0.50 Warrants @ $0.30 Warrants @ $0.45 24.7 0.35 1.28 0.10 3.00 Fully lly D Dilu luted S Shares 29. 29.4

  • Est. W

Work rking Cap apital al (30 J

30 June ‘ ‘17) 7)

C$1. 1.8 Share re Price ce (2

(29 Sept. ‘ . ‘17 17)

C$0. $0.74 52 Week H Hi/Lo Lo

C$0.86/C$0.08

Bas Basic M Mar arket C Cap ap

C$18.3 milli lion

  • n

Shar arehold

  • lders

%

Management Institutional/High Net Worth Utah Minerals LLC & related Otis Gold Corp. Other 22% 38% 16% 11% 13% Total 100%

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SLIDE 6

The Beartrack Property

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

Former er produc ucer

  • er. O

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

  • f oxid

ides in in the 1 e 1990’s recover ered ed 600, 00,000 oz gold ld

  • Historic r

resource e estima mate e of 1.299 MM MM oz

  • z Au

Au (27 MM tonnes at 1.5 g/t Au) See Endnote 1 in mixed oxides and sulphides

  • High grade values demonstrated at
  • depth. Meridian Beartrack intercepted

28 m m of 24 g/ g/t AuEq uEq in in BT12-175

  • Min

Mineral aliz ization o

  • ver 5km strike. Open to

southwest and at depth

  • Three priorit

ity y explorat ation them emes es/areas

Source: Meridian Beartrack

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SLIDE 7

Beartrack Earn-In Agreement

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

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 anno

nounc unced September 7th:

  • 1 MM shares and US$250,000 on TSX-V approval; a further 3 MM shares due over

the next four years

  • US$10 MM in exploration over four years; including US$4 MM in the next two years
  • 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 to complete acquisition
  • TSX-V approval a

announced ed October er 2nd.

  • C$9.6 MM

MM equity f financing in process

  • 16 MM Units at C$0.60/Unit
  • Each Unit a share and ½ warrant; C$0.90 exercise price; 2 year term
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SLIDE 8

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

Consolidates Position 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

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SLIDE 9

Total Land Position – 9,349 Acres

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

Source: Revival Gold Inc.

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SLIDE 10

Regional Geology

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

  • Panther C

Creek eek Fau ault (blue dash) cuts through Proterozoic Met etasedi dime ments (lavender) and Proterozoic quar artz mon

  • nzon
  • nite (blue)

Source: Meridian Beartrack

Comb mbined ed produc ucti tion a n and histor

  • ric

c res esources o

  • f

>2.7 MM ounces es gold d See Endnote 2

2

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SLIDE 11

TSX-V: RVG www.revival-gold.com 11 Joss South Wards North Allen +16,500 feet (5.0 km)

5 km length to known g gold s syst stem em a along ng t the P Pant nther er Creek F k Fault lt

  • Mineralization intersected from about 1,520 to 2,270 meters

elevation

  • Open to south-west along strike and at depth under all zones

Beartrack Mineral System

Source: Meridian Beartrack

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SLIDE 12

Beartrack South Pit Remnants

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

Yqm Yy

Approximate ore zone

Yy

Source: Meridian Beartrack (2006)

Yqm: Quartz Monzonite Yy: Yellowjacket Formation

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SLIDE 13

2012 Beartrack Program

TSX-V: RVG www.revival-gold.com 13

  • Program was presented

to Yamana management in early y 201 012

  • Initial program called for

US$ S$10 MM over er 3 3 yea ears

  • Drilling in 2012 consisted
  • f fourteen dow
  • wn-di

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

Source: Meridian Beartrack

N

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SLIDE 14

Drill Hole B12-175D

14 All deep quartzite- hosted mineralization in the Ward’s Gulch area is oxide

Source: Meridian Beartrack (approx. 305 meters)

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SLIDE 15

2013 Beartrack Program

TSX-V: RVG www.revival-gold.com 15

2012 holes in green, 2013 originally planned holes in purple, 0.030

  • z Au/ t grade shell for hist oric resource in red1

Joss South Wards/North Allen

Source: Meridian Beartrack

  • Despite success in 2012 (green holes), the planned 2013 follow-up

program at Beartrack (purple holes) was initial ally y elim iminat ated due to funding constraints

  • The program was reinstated late in 2013 for a limited

ed seven en hole e program at at War ard’s Gulch

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SLIDE 16

Ward’s Gulch Long Section

TSX-V: RVG www.revival-gold.com 16

Two of the hi highe hest grade (drilled width) intercepts in the Beartrack system have been from Ward’s Gulch

  • DD-131 –

13. 3.7 7 m m at 9 9.4 g/t Au Au

  • BT12-175 –

9. 9.75 75 m m at 71 71 g/t t Au Au

Source: Meridian Beartrack, interpretation on this page by Revival. True width grades shown in figure.

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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
  • Prepare permit for 2019 drilling

US$5 m millio ion b n budget et e encompassing ing two f fiel eld s seasons ns o

  • f

drilli lling

Rema mainder er o

  • f 2

2017

  • 3,000 m core drilling (with 2 rigs) to assess Historic Resources

Estimate See Endnote 1 and test gold potential at depth

Source: Revival Gold Inc. (Sept.’17)

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SLIDE 18

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

Site Status

  • Accessi

ssible ye year-round by road. Power in place. Newly constructed 11,250 sq sq ft winter erized ed c core l e loggi ging g and s storag age facil ilit ity.

  • 76% o
  • f site s

surface a area eas rec eclaimed. Current focus on covering HLP with synthetic liner

  • Long-term remediation requirement

relates to wat ater t treat atment an and dischar arge complian ance

  • Beartrack current AR

ARO esti stimate i is s US$20 MM. Expected to decline to about $US10 MM during next four

  • years. US$10 MM bonding in place
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SLIDE 19

Equity Financing

TSX-V: RVG www.revival-gold.com 19

Pro-Fo Forma Capital S Structu cture

Milli lion

  • ns

Pre-Transaction Shares Shares Issued to Yamana on Close C$9.6 MM Financing @C$0.60 24.7 1.0 16.0 Pr Pro-form rma Sh Share res 41 41.7 Impli lied Market et Ca Cap @ @C$ C$0.60/shr C$25 $25.0

Sour urces and nd U Uses

Milli lion

  • ns

Sources:

  • Est. Pre-Transaction Cash

Financing (net) Total $1.6 $9.0 C$10 10.6 Use se of P Proceed eds: Beartrack Costs and Payment on Close

  • Min. Yr. 1 & 2 Beartrack Exploration

Arnett Creek Phase 1 & Pty Payment Prjt Mgmnt, G&A and Working Capital Total $0.5 $6.5 $1.2 $2.4 C$10 10.6

Key Assu Assumptions ns:

  • Financing:

Total 16 MM Units at C$0.60 per Unit for gross proceeds of C$9.6 MM

  • Payments on Close:

US$250k plus 1 MM shares

  • Budget:

Two years’ exploration and G&A

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SLIDE 20

Peer Valuation

20

$0 $20 $40 $60 $80 $100 $120 $140 US$ EV / Oz Au Eq

Average Au Eq / Oz Source: PI Financial analysis, company disclosures, Thomson Eikon, Prices as of August 14th close; Converted to USD at 1.27 CAD:USD FX rate; may not add due to rounding. 1: Au Eq Oz calculated using: $1,250/oz Au, $17/oz Ag, $0.90/lb Pb, $1.00/lb Zn, $2.50/lb Cu

  • 2. Shares outstanding, before Beartrack transaction: 24.7M; Pre-financing cash position of C$1.6M
  • 3. 190 koz Au historic reflects assumed share of historic PAH resource See Endnotes 3,4 ounces on Revival’s Arnett Creek Gold Project
  • 4. Total payment obligations of US$7.5M are included as debt to determine Revivals EV – Payment obligations based on future gold based payment of US$ 6/Au Eq Oz; US$ 250,000

cash payment obligation deducted from cash; exploration expenditures not included

  • 5. Includes the assumed 1.25Moz Au Beartrack historic resource See Endnote 1
  • 6. Shares outstanding include total 4M shares issued to Yamana as part of Beartrack acquisition for a total of ~29M shares outstanding; share price C$0.35/share
  • 7. Pro forma financing assumed a C$9.6M raise at C$0.60/share (16M shares issued) – Post financing MC/EV based on a C$0.65 share price and total shares outstanding ~48M, C$9M

cash from financing; Includes an additional 3.1M shares issued due to C$0.45 warrant exercise

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SLIDE 21

Board & Management

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.

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

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.

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SLIDE 22

Consultants & Advisors

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

  • Don Ear

arnest, Geologic Consultant – 30 years’ domestic and international mining industry experience, with special emphasis on precious metal (gold, silver) deposits, base metal (copper, lead, zinc, molybdenum) deposits, and uranium deposits. B.Sc. (Geology). Qualified Person (QP) for Canada National Instrument 43-101 Technical Reports.

  • Eric

ic Klepfer, Environmental and Permitting Consultant – 30 years’ experience in mining and permitting with Noranda Minerals Corp., Kaiser Steel Corp., Newmont, Placer Dome, USMX, Coeur d’Alene Mines and Mines Management. Mr. Klepfer has extensive permitting experience in Idaho. B.Sc. (Mining).

  • Wayne Huber

ert, Strategic Advisor - 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 for $3.5 billion. Prior to Andean, Mr.

Hubert was an executive with Meridian Gold. B.Sc. (Chemical Engineering) and MBA.

  • Ty

Tye W. Burt, Strategic Advisor – extensive experience in the global mining & metals industry and investment banking. Principal of Carbon Arc Capital Investments Inc. Member of the Board of ArcelorMittal, Chair of Urthecast Corp., Vice-Chair of the Royal Ontario Museum Foundation Governors, former Chair of the University of Guelph’s $200mm “Better Planet Project”

  • Campaign. President & CEO of Kinross Gold from 2005 to 2012. Prior to that, Vice-Chairman,

Barrick Gold. Former Chairman, Deutsche Bank Canada and Global Managing Director of Metals & Mining, Deutsche Bank AG. Former Managing Director and Co-Head of the Mining Group, Burns Fry Ltd. and BMO Nesbitt Burns. BA and LLB.

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SLIDE 23

Recap Investment Rationale

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

  • Pr

Proven gold ld team am

  • Successful technical and capital markets track record globally

and in Idaho

  • Brownfiel

elds ds exploration and development in the U.S.A.

  • 1.299 MM oz historic resource at Beartrack See Endnote 2
  • 0.2 MM oz historic oxide resource at Arnett Creek See Endnotes 3 & 4
  • High grade intercepts for follow up; modern techniques to be applied
  • We

Well structured ed vehicle

  • 41.7 MM shares outstanding pro-forma
  • Fully funded for two field seasons of results
  • Permitted with c

compell llin ing targets to drill

  • Drilling commenced with two rigs at Beartrack in September
  • Attrac

activ ive val aluat ation relative to peers – US$15/oz gold See Endnote 5

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SLIDE 24

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

Appendix

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SLIDE 25

Idaho: Rich Mineral Endowment

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

  • Silver Valle

lley: > 1 billion oz Ag, 8 million tons of Pb & 3 million tons

  • f Zn produced
  • Del

elamar amar/Stone nehous

  • use Mine

ne: 67 MM oz Ag & 1.3 MM oz Au produced

  • Bear

Beartrac ack Mine: : 600,000 oz Au produced

  • Thompson C
  • n Creek Mine:

e: 94 MM ton reserve @ 0.10% Mo

  • Idaho Co

Cobalt Project: 3.5 MM ton resource @ 0.55% Co

  • Stibn

ibnite: 5.46 MM oz Au resource

  • Kilgor
  • re C

Creek: : 0.5 MM oz Au

  • resource. Recent Agnico-Eagle

investment.

  • Nume

merous o

  • ther prospects and

projects…

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SLIDE 26

Beartrack Deep Drill Results

TSX-V: RVG www.revival-gold.com 26

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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SLIDE 27

Beartrack Deep Drill Results (cont’d)

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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 28

Arnett Creek Gold Project

Re-consolidated 5,874 74 acre e land nd p positio ion in west-central Idaho

  • Grade ranges from 0.6

0.6 g/ g/t Au u to 1.9 g/ g/t A Au u with an average grade of 0.8 0.85 g/ g/t Au u in historic indicated resource3

  • PAH

H studi dies3 in in m mid id-90’ 0’s but sidelined due to low gold price and last operator’s move to Chile

  • Targeti

ting ng > >500,000 oz Au in oxides at surface. 75-80% heap leach recoveries indicated

  • 24 mo

4 mont nth p progr gram focused on validating historic resource and advancing exploration potential

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Source: USGS, Italian Mine & Mill at Arnett Creek, circa 1913

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SLIDE 29

Arnett Creek Little Chief Target

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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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Notes:

1. 1. Bear artrac ack His istoric ic Reso source Estimate te (pa page 6): Completed by Meridian Beartrack in 2011. 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. Co Combin ined Pr Produ ductio ion & His istoric Reso source from rom Area (p (page 10 10): 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 Creek3 and 1,299,000 oz of gold in post-mining historic resources at Beartrack See Endnote 1. 3. 3. Arnett Creek Historic ic Reso source (pa page 23 23): As reported by Pincock, Allan & Holt (“PAH”) in an updated conceptual study on Arnett Creek issued in 1994. 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 5, 2017 for further details. 4. 4. Arnett Creek His istoric ic Reso source (pa page 23 23): Approximately half the area historic resource and four of the five mineralized areas included in the PAH 1994 Update are located on claims 100% owned or

  • ptioned by Revival Gold Inc.

5. 5. Analysi sis of Marke ket Va Value and nd Resources es (pa page 23 23): Refer to page 20 analysis by PI Financial.

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SLIDE 31

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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