Revival Gold Inc. announced a non-brokered private placement of up to 11,000,000 units at a price of CAD 0.35 per unit for gross proceeds of up to CAD 3,850,000 on November 9, 2023. Each unit will be comprised of one common share and one half of one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share at an exercise price of CAD 0.45 per warrant share at any time for a period of 36 months following the closing of the financing.

The Company may pay finders fees to eligible finders in connection with the transaction in accordance with the policies of the TSX Venture Exchange. The transaction is subject to the receipt of all required regulatory approvals including the approval of the Exchange. All securities to be issued and issuable pursuant to the transaction will be subject to a hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws.

The transaction may include participation from certain directors and officers of the company. The company reserves the right to increase the size of the financing by up to 25% of the size of the financing pursuant to which the company may offer for sale up to an additional 2,750,000 units at the issue price. The upsize option may be exercised in whole or in part in the company?s sole discretion at any time up to the closing of the financing.

If the financing is fully subscribed and the upsize option is exercised in full, the total gross proceeds of the financing is expected to be approximately CAD 4,812,500. Closing of the transaction is expected on or about November 30, 2023, or such other date or dates that that the company may determine.