Revival Gold
Inc. (TSXV: RVG,
OTCQB: RVLGF) (“Revival Gold” or
the “Company”), a growth‐focused gold exploration and development
company, announces the nomination of Ms. H. Maura Lendon to stand
for election as an independent director to Revival Gold’s Board of
Directors at the Company’s annual general and special meeting to be
held on November 24th, 2020 at 10:00 am ET.
Ms. Lendon, LL.B, MBA, LL.M, ICD.D, is a
seasoned, internationally-experienced general counsel with over 20
years’ experience in the mining and telecom industries gained after
initially practicing with top Bay Street law firms. Ms. Lendon is
the founder and Chief General Counsel of Scalable General Counsel.
Previously, she was Chief General Counsel and Corporate Secretary
of Primero Mining Corp. from 2012 to 2018. Ms. Lendon was Senior
Vice President, Corporate Services, Chief Legal Officer and
Corporate Secretary of Hudbay Minerals Inc. from 2008 to 2011, and
prior to that was Chief Counsel, Canada and Chief Privacy Officer
(Canada) of AT&T. Ms. Lendon currently serves on the boards of
Eastmain Resources Inc. and Kuya Silver Corp. Ms. Lendon is a
graduate of the Institute of Corporate Directors – Rotman School of
Management Directors Education Program and has previously served on
other not-for-profit and public boards. She holds a Master of Laws
from Osgoode Hall Law School, a Master of Business Administration
from the Richard Ivey School of Business and a Bachelor of Laws
from University of Western Ontario.
“We are thrilled to welcome someone with Maura’s
extensive mining-related professional background to Revival Gold’s
Board of Directors. Maura’s experience will be invaluable as we
advance the company’s Beartrack-Arnett Gold Project in Idaho,
U.S.A. towards development and position Revival Gold for further
growth. Having a diverse board of well-qualified and experienced
individuals is essential as we chart the best course to grow
Revival Gold and create shareholder value,” said President and CEO
Hugh Agro.
Ms. Lendon will join incumbents Wayne Hubert
(Non-Executive Chairman), Hugh Agro (President and CEO), Donald
Birak, Robert Chausse, Michael Mansfield and Carmelo Marrelli for
election as directors to serve for the ensuing year.
Revival Gold’s annual general and special
meeting will be held on November 24th, 2020 at 10:00 am ET at the
Company’s head office located at 145 King St. West, Suite 2870,
Toronto, Ontario. A conference call line will be available for any
shareholders wishing to participate in the meeting remotely.
Materials for the meeting will be made available to shareholders
prior to the meeting.
About Revival Gold Inc.
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
neighboring Arnett Gold Project.
Beartrack-Arnett is the largest past-producing
gold mine in Idaho and hosts the second largest known deposit of
gold in the state. A Preliminary Economic Assessment is underway on
the potential re-start of a phase one open-pit heap leach operation
and exploration continues focused on expanding the current
Indicated Mineral Resource of 36.4 million tonnes at 1.16 g/t gold
containing 1.35 million ounces of gold and Inferred Mineral
Resource of 47.2 million tonnes at 1.08 g/t gold containing 1.64
million ounces of gold. The mineralized trend at Beartrack extends
for over 5 km and is open on strike and at depth. Mineralization at
Arnett is open in all directions.
For further details, including key assumptions,
parameters and methods used to estimate the Mineral Resources,
please see the Company’s technical report titled “Technical Report
on the Beartrack-Arnett Gold Project, Lemhi County, Idaho, USA”
dated February 21, 2020.
Revival Gold has approximately 71.2 million
shares outstanding and had a cash balance of approximately $12.5
million on September 30th, 2020. 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.sedar.com.
For further information, please contact:
Hugh Agro, President & CEO or Adam
Rochacewich, CFO
Telephone: (416)
366-4100 or Email: info@revival-gold.com
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. Technical
information in this news release has been reviewed and approved by
Steven T. Priesmeyer, C.P.G., Vice President Exploration, Revival
Gold Inc. a Qualified Person within the meaning of National
Instrument 43-101 – Standards of Disclosure for Mineral
Projects.
This News Release includes certain
“forward-looking statements” which 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 information could cause
actual events, results, performance, prospects and opportunities to
differ materially from those expressed or implied by such
forward-looking information. Forward-looking information in this
news release includes, but is not limited to, the Company’s
intentions regarding its objectives, goals or future plans and
statements. Factors that could cause actual results to differ
materially from such forward-looking information include, but are
not limited to, the Company’s ability to predict or counteract the
potential impact of COVID-19 coronavirus on factors relevant to the
Company’s business, failure to identify mineral resources, failure
to convert estimated mineral resources to reserves, 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, political risks,
uncertainties relating to the availability and costs of financing
needed in the future, changes in equity markets, inflation, changes
in exchange rates, fluctuations in commodity prices, delays in the
development of projects, capital, operating and reclamation costs
varying significantly from estimates and the other risks involved
in the mineral exploration and development industry, 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 information 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. The Company disclaims any
intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, other than as required by law.
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