On April 4, 2019 Revival Gold Inc. (“Revival Gold” or the “Company”) announced that it had closed its brokered private placement of units of the Company (“Units”) at a price of $0.73 per Unit for gross proceed of $5,040,000 (the “Private Placement”). Each Unit consists of one Common share (“Share”) and one half of a Share purchase Warrant (each a “Warrant”). Each whole Warrant is exercisable into one Share at a price of $0.90 per Share for 36 months following close of the Private Placement.

The Company intends to use the net proceeds from the Private Placement to fund on-going exploration and development at the Company’s core Beartrack and Arnett Gold projects and for general corporate purposes.

Revival Gold Inc. is a growth-focused gold exploration and development company. The Company has the right to acquire a 100% interest in Meridian Beartrack Co., owner of the former producing Beartrack Gold Project located in Lemhi County, Idaho. Revival Gold also owns rights to a 100% interest in the neighbouring Arnett Gold Project.

Peterson McVicar acted for Revival Gold Inc. with a team that included Dennis Peterson, Andrey Shamis and Domenic D’Argento.