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CORPORATE PRESENTATIONMay 2018
revival-gold.comTSX-V: RVGOTCQB: RVLGF
PURSUING A REVIVAL IN GOLD
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DisclaimerThis 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 isdefined 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 tobe 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 orwithout 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 informationconcerning 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. Theinformation 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 suchentities 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. Infurnishing 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 anyinaccuracies 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 thispresentation 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 atthe 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, independentfinancial 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 willmeet 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 ormanagement 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, amongother 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 manyreasons 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 relevantor 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, politicaland 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 exhaustiveof 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 applicablesecurities 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 thebasis 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 arereminded 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 theCompany.
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 berestricted 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 incompliance 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.
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Revival Gold Inc.
A Growth Company in Gold
• Reigniting the former producing Beartrack Gold Project located in Idaho, USA
Overview:
Company: 1.5 million oz Au of combined historic resource*
3.5 g/t Au over 67.5 meters near surface announced in January*
Updated resource at Beartrackcoming shortly
10,000 meters drilling planned for this year
Backed by Orion Mine Finance
C$27 million market cap
C$7.0 million cash at March 31st
Recognized as a top performing junior gold stock in 2017
Shr. Cap.:
*See Endnotes 1, 2 & 5
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The Challenge
Growing gap between production and discovery
Global Production vs. Global Discoveries
Source: SNL, GFMS, Paradigm Capital Inc.
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• Rising gold price
• Market appetite forgrowth/critical mass
• Brownfield sites a proven path to value creation
The Opportunity
Drill Core at Beartrack Gold Project
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Key Leadership
Pete Blakeley | General ManagerGeological engineer, former Site Manager, Meridian Beartrack and Chief Engineer, Andean Resources. B.Sc. (Geological Engineering)
Hugh Agro | President & CEOMining engineer and executive. Former EVP, Kinross Gold. B.Sc. (Mining Engineering), MBA, P.Eng.
Steve Priesmeyer | VP ExplorationGeologist with experience in projects from grassroots through feasibility. B.Sc., M.Sc. (Geology). C.P.G., QP for NI 43-101 TRs
Adam Rochacewich | VP and CFOAccounting and finance professional. Work experience with both majors and juniors. B.Comm., CPA, CA
Don Birak | DirectorFormer SVP, Coeur Mining and VPX AngloGold NA. B.Sc., M.Sc. (Geology), Fellow of AusIMM, SME Regis. Mem., QP for NI 43-101 TRs
Diane R. Garrett | Non-Exec ChairmanCEO of Nickel Creek Platinum Corp., former CEO of Romarco Minerals. M.Sc. (Minerals Economics), Ph.D. (Engineering).
Wayne Hubert | DirectorCEO of InZinc Mining, former CEO of Andean Resources. B.Sc. (Chemical Engineering), MBA.
Andrea Totino | IR ManagerInvestor relations professional, key organizing member of the Idaho Mining Coalition. B.Comm., Public Relations Cert.
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Source: World Gold Council
2nd Largest Gold Producing Region In The World
• Skilled work-force
• Constructive permitting and operating environment
Positioned in North America
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Source: Revival Gold, company public disclosure.
The Right Neighbourhood
e-Cobalt – Idaho Project Otis Gold – Kilgore
Midas Gold – Stibnite
Beartrack – Arnett Creek
50 miles50 miles
80 kilometers
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Beartrack Gold Project
Former producer. Open pit, heap leach mining of oxides in the 1990’s recovered 600,000 oz gold
• Historic resource of 1.3 MM oz Au*
• High grade values*9.75 m @ 71 g/t Au in BT-175
13.7 m @ 9.4 g/t Au in BT-131
67.5 M @ 3.5 g/t Au in BT-201D
*See Endnote 1 & 5
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Arnett Creek Gold Project
2,370 hectare land position adjoining Beartrack
• Grades from 0.6 to 1.9 g/t Au,
0.85 g/t Au historic indicated resource*
• PAH studies* in mid-90’s indicated open pit heap leach potential
*See Endnote 2
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Combined Position – 3,780 Hectares
Source: Revival Gold Inc.
ARNETT CREEK GOLD PROJECT
2,370 Net Hectares
BEARTRACK GOLD PROJECT1,410 Net Hectares
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Combined production and historic resources of >2.7 MM oz Au*
Significant Gold Endowment
Source: Meridian Beartrack
Arnett Creek
Beartrack
*See Endnote 3
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Beartrack 2017 Confirmation Drilling
Source: Revival Gold *See Endnote 5
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2018 Exploration Program
BEARTRACKC$4.5 MM including
8,000 meters of drilling
ARNETT CREEK~ C$1.0 MM including
2,000 meters of drilling
• Resource estimate
• Remaining 8,000 m of 11,000 m first phase core drilling program
• Metallurgical test work
• Prepare and submit permit for Allen Creek target
• Permit 52 drill pad locations
• Targeting initial 2,000 m of core drilling
• Integrate new drilling with historic results and assess at current gold price
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Beartrack 2018 Drill Program*
Source: Revival Gold
2018 Key Objectives:
1. Extend mineralization at Ward’s Gulch and South Pit
2. Evaluate potential at Joss
*See February 26th, 2018 press release for details
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Resource Expansion Opportunities
Source: Revival Gold
Ward’s Gulch & North Pit
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Resource Expansion Opportunities (cont’d)
Source: Revival Gold
South Pit
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Beartrack Property-Wide Potential
Joss South Wards North Allen
+5 km strike length
• Mineralization in five locations; intersected to-date from about 1,520 to 2,270 meters elevation
• Open to south-west along strike and open at depth
Source: Meridian Beartrack and Revival Gold
OPEN AT DEPTH
5 Km Length to Known Gold System
OPEN
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Beartrack Site Status
• 11 miles from Salmon, Idaho (population 3,500)
• Power, water, roads
• Leach ponds, cyanidation permit
• 11,000 sq. ft core facility
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Arnett Creek 2017 Rock Samples*
Source: Revival Gold
107 rock samples, 37 samples > 1 g/t Au
*See November 13, 2017 press release for details
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Capital Structure
Tight Structure, Strategic Funding Relationship with Orion
Shares / Balance Sheet Millions
Basic Shares
Options & Warrants(avg. exercise px $0.72 each)
40.8
13.6
Fully Diluted Shares 54.4
Est. Working Capital (31 Mar. ‘18) C$7.0
Share Price (30 April ‘18) C$0.65
52 Week Hi/Lo C$0.86/C$0.20
Basic Market Cap C$27 million
Shareholders
OtherInstitutional
/High NetWorth49%
Retail 18%
Mngmt14%
Orion Mine Finance
10%
Yamana &Otis Gold
9%
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2017
What is Next?
Arnett Creek Drilling
Build Awareness
2017 Drill Results
2018
Geological Modelling 8,000 m Drilling
Metallurgical Testing
Plan of Operation Filed
2,000 m Drilling(subject to permitting)
BeartrackResource
US DTCNYC
Beaver Creek/Denver
Pursue Growth
Assessing Potential Tuck-ins & New Acquisitions
Resource Estimate
Growing Analyst Coverage:Beacon Securities, Paradigm Capital,
PI Financial, RBC Capital Markets
Europe West Coast
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Recap Investment Rationale
*See Endnotes 1, 2 & 4
Fast Tracking:
Veteran gold team
Strategic relationship with Orion
Fully funded through 2018; C$7.0 MM cash
Targeting
>3MM oz Au
Proven Property:
Brownfield site
Past producer at much lower gold prices
High grade beneath historic resource* at Beartrack
Strong Upside:
Rising gold price
Growing interest in N.A. assets
Attractive valuation relative to peers
Total Historic Resource*
1.5MM oz Au
Current Valuation*
16$US/oz Au
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Appendix
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Beartrack Earn-In Agreement
* See press release dated September 7th, 2018 for further details
Key terms* with subsidiary of Yamana Gold announced September 7th, 2017
• 1 MM shares and US$250,000 paid; a further 3 MM shares due over 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 (approximately US$850,000 each year)
• Payment of the greater of US$6/oz of resource or US$15/oz in reserve in year seven plus 1% NSR
• Obligation to assume remaining site remediation obligation on close of acquisition
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Beartrack Ward’s Gulch
BT17-195D
119.0 m to 121.6 m
2.37 g/t Au
Yellowjacket Formation, oxide mineralization
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Beartrack Ward’s Gulch
BT17-201D
115.2 m to 117.0 m
45.6 g/t Au
Quartz Monzonite, sulfide mineralization
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Beartrack South Pit
BT17-204D
78.3 m to 81.1 m
4.07 g/t Au
Yellowjacket Formation, oxide mineralization
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Beartrack South Pit
BT17-203D
101.6 m to 103.4 m
3.97 g/t Au
Mylonitized Quartz Monzonite, sulfide zone
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Notes:
1. Beartrack Historic Resource Estimate (page 3, 9, 23 & 30): In 2011 Meridian Beartrack completed an internal review and estimated aremaining 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 theCanadian Institute of Mining, Metallurgy an Petroleum (“CIM”). Although the Historic Resource Estimate is unclassified, based on therigorous nature of the methodology employed in making the estimate, the resource estimate could be categorized as an historic inferredmineral resource. The Meridan Beartack resource estimate was prepared prior to the implementation of NI 43-101 and does not conform tothis standard. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineralreserves and Revival Gold is not treating the historical estimate as current mineral resource or mineral reserve. See press release datedSeptember 7th, 2017 for further details.
2. Arnett Creek Historic Resource (page 3, 10, 23 & 30): As reported by Pincock, Allan & Holt (“PAH”) in an updated conceptual study onArnett Creek issued in 1994. Approximately half the area historic resource and four of the five mineralized areas included in the PAH 1994report are located on claims 100% owned or optioned by Revival Gold Inc. The PAH report was prepared prior to the implementation of NI43-101 and does not conform to this standard. A qualified person has not done sufficient work to classify the historical estimate as currentmineral 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. Combined Production & Historic Resource from Area (page 12): 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 ozof gold in historic indicated resources and 53,000 oz of gold in historic inferred resources at Arnett Creek See Endnote 1 and 1,299,000 oz of goldin post-mining historic resources at Beartrack See Endnote 2.
4. Analysis of Market Value and Resources (page 23): Revival Gold EV/oz Au estimated by the Company based on total historic resources of1.5 MM oz Au See Endnotes 1 and 2, a market cap at C$0.65/share of US$21 MM, assuming a payment of US$6/oz of Beartrack historic resources See
Endnote 1, assuming remaining payments on the Arnett Creek Project acquisition of US$1.3 MM, less current estimated working capital of C$7.0MM and an exchange rate of 1.3 $C/$US.
5. Beartrack 2017 Drill Results (page 3, 13): Please refer to December 12, 2017 and January 18, 2018 press releases detailing the 2017Beartrack drill program results and related notes. Widths shown are drilled widths. True widths vary but are estimated to be approximatelyhalf of the drilled widths.
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Revival Gold Inc. 145 King St. W., Suite 2870Toronto, OntarioM5H 1J8
HUGH AGRO | President & CEOANDREA TOTINO | IR Manager
PURSUING A REVIVAL IN GOLD