TORONTO, Nov. 21, 2024 (GLOBE NEWSWIRE) — Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company”), is pleased to announce voting results for the election of directors at its Annual General Meeting (“AGM”) of Shareholders held on November 21^st, 2024, in Toronto.

A total of 114,232,316 common shares representing 57.81% of the Company’s issued and outstanding shares were voted in connection with the AGM. Shareholders approved all items of business before the AGM including the election of Directors as follows:

Following the AGM, Revival Gold re-appointed Tim Warman as Non-Executive Chairman of the Board, Robert Chausse as Audit Committee Chair, Wayne Hubert as Compensation Committee Chair, Maura Lendon as Corporate Governance and Nominating Committee Chair, and Larry Radford as Technical, Safety, Environment and Social Responsibility Committee Chair.

Additionally, Revival Gold’s executive leadership consisting of Hugh Agro, John Meyer and Lisa Ross, were re-appointed as President & CEO, VP, Engineering & Development, and VP & Chief Financial Officer, respectively.

Following seven years of service with the Company, Revival Gold announces the retirement of Steve Priesmeyer as Vice President, Exploration, effective December 31^st, 2024. Mr. Priesmeyer was a founding member of the Revival Gold exploration team in 2017 and has been a tireless champion of Revival Gold’s exploration efforts. Mr. Priesmeyer played a key role in the assembly and discovery of the multi-million-ounce Beartrack-Arnett Gold Project in Idaho, and the acquisition and integration of the Company’s new Mercur Gold Project in Utah earlier this year.

Mr. Priesmeyer’s leadership, deep knowledge of geology and mineral exploration, and strong ‘shoulder to the wheel’ have been invaluable to Revival Gold’s development and success. Mr. Priesmeyer’s day-to-day involvement in the business will be missed but he will continue his association with Revival Gold as a technical consultant to assist with the transition and for special assignments as needed. Ongoing exploration leadership duties will be assumed by Revival Gold’s Chief Geologist, Dan Pace, B.A., M.Sc. (Economic Geology), Regis. Mem. SME, Member SEG.

“Steve has had a tremendous impact on Revival Gold success and, together with the team that Steve assembled, is credited with Beartrack-Arnett’s emergence as one of the largest new discoveries of gold in the United States in a decade,” observed Hugh Agro, Revival Gold’s President & CEO. “Steve’s leadership, knowledge and commitment have played a vital role in developing the Company and building a strong foundation for future growth. On behalf of the Board of Directors and the entire Revival Gold team, we extend our sincere thanks to Steve and wish him all the best in his retirement,” added Agro.

Mr. Pace joined Revival Gold in 2023 and quickly helped transform the Company’s in-house geoscience capabilities and capacity with a focus on data-driven techniques to refine and improve upon Revival Gold’s exploration targeting and results. Mr. Pace obtained his master’s degree in Economic Geology from the University of Reno in Nevada, U.S.A. and has a wide breadth of technical experience and a fifteen-year track record of project generation and ore deposit discovery. Mr. Pace is a co-discoverer of the exceptional Silicon gold deposit in Nevada.

“Revival Gold remains committed to building value through responsible exploration and development at Beartrack-Arnett and Mercur,” commented Agro. “We are excited about Dan’s expanded role in the business, and we look forward to carrying on Revival Gold’s exceptional past track record of gold discovery.”

Pursuant to the Company’s stock option plan, Revival Gold has granted 3,195,000 incentive stock options (the “Options”) to directors, officers, and consultants of the Company as part of its annual compensation plan. The Options are exercisable at a price of $0.35 per share for a period of five years and are subject to vesting provisions.

About Revival Gold

Revival Gold is a pure gold, mine developer operating in the western United States. The Company is advancing engineering and economic studies on the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. 

Revival Gold is listed on the TSX Venture Exchange under the ticker symbol “RVG” and trades on the OTCQX Market under the ticker symbol “RVLGF”. The Company is headquartered in Toronto, Canada with its exploration and development office located in Salmon, Idaho. Additional disclosure including the Company’s financial statements, technical reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR+ at www.sedarplus.ca.

For further information, please contact:

Hugh Agro, President & CEO or Lisa Ross, CFO
Telephone: (416) 366-4100 or Email: [email protected].

Cautionary Statement

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.

This press release includes certain “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of U.S. securities legislation (collectively “forward-looking statements”). Forward-looking statements are not comprised of historical facts. 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. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements.

Forward-looking statements in this document include, but are not limited to, the Company’s objectives, goals and future plans, and statements of intent, the implications of exploration results, mineral resource/reserve estimates and exploration and mine development plans. Factors that could cause actual results to differ materially from such forward-looking statements include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to maintain the modelling and assumptions upon which the interpretation of results are based after further testing, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, changes in regulatory requirements, political and social risks, uncertainties relating to the availability and costs of financing needed in the future, uncertainties or challenges related to mineral title in the Company’s projects, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity and in particular gold prices, delays in the development of projects, capital, operating and reclamation costs varying significantly from estimates, the continued availability of capital, accidents and labour disputes, and the other risks involved in the mineral exploration and development industry, an inability to raise additional funding, the manner the Company uses its cash or the proceeds of an offering of the Company’s securities, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, future climatic conditions, the discovery of new, large, low-cost mineral deposits, the general level of global economic activity, disasters or environmental or climatic events which affect the infrastructure on which the project is dependent, and those risks set out in the Company’s public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Specific reference is made to the most recent Annual Information Form filed on SEDAR+ for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect the Company’s ability to achieve the expectations set forth in the forward-looking statements contained in this presentation. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by law.

Bay Street News