Core Viewpoint - Revival Gold Inc. has exercised its option to acquire 100% of Barrick Mining Corporation's interest in the Mercur Gold Project in Utah, marking a significant advancement towards restarting production [1][4] Group 1: Acquisition Details - The Option Agreement encompasses mineral interests of 996 hectares, expanding the total Mercur project area to approximately 7,200 hectares [2] - Revival Gold has completed a Preliminary Economic Assessment (PEA) for the Mercur Gold Project and conducted a 13,000-meter drill program to support a planned pre-feasibility study in 2026 [3] - The acquisition will involve a cash payment of US$5 million upon closing and additional payments of US$5 million on each of the first three anniversaries of commercial production [5] Group 2: Economic Highlights - The life-of-mine average production is projected at 95,600 ounces of gold per year over a 10-year mine life [8] - The after-tax Net Present Value (NPV) is estimated at $294 million at a 5% discount rate with a gold price of $2,175 per ounce, potentially increasing to $752 million at a gold price of $3,000 per ounce [8] - Mine permitting is anticipated to take about two years to complete [8] Group 3: Operational Commitments - Revival Gold is committed to maintaining high standards of environmental and community stewardship, following Barrick's operational practices [4][10] - The closing of the acquisition is expected around April 1, 2026, subject to regulatory approvals and other customary conditions [10]