REV Exploration Expands Land Position in Chibougamau Camp

November 14, 2025 — Leads & Copy — REV Exploration Corp. (TSXV:REVX) has finalized the acquisition of 41 mining claims in the Chibougamau Camp of northern Quebec, alongside the purchase of 545 additional mining claims in the same area.

The acquisition of the initial 41 claims was completed under previously disclosed terms, which include a mix of cash consideration and the issuance of Common Shares.

The company has also closed a definitive asset purchase agreement, dated November 3, 2025, to add 545 mining claims in the Chibougamau Camp. These Purchased Assets were acquired from two arm’s-length private companies and one individual, collectively known as the Vendors’ Representatives, acting on behalf of themselves and other Quebec-based individuals, who are referred to as the Vendors.

The total consideration for the claims was $700,000. Under the Asset Purchase Agreement, REV Exploration satisfied the Purchase Price by issuing 1,000,000 common shares at a deemed price of $0.60 per share and paying the balance of $100,000 in cash. The allocation of Common Shares corresponds to their respective ownership interests in the Purchased Assets.

In conjunction with the acquisition, REV Exploration and the Vendors entered into a net smelter return royalty agreement. According to the agreement, the Vendors have been granted a 1.0% net smelter return royalty on the Purchased Assets. REV retains the right to repurchase 0.5% of the NSR for $750,000.

The Common Shares issued are subject to a statutory four-month hold period under applicable securities laws. The company confirmed that no warrants, finder’s fees, or commissions were issued or paid in connection with this Transaction.

The transactions are subject to the receipt of the approval of the TSX Venture Exchange.

With the addition of these new claims, REV now controls one of the largest land packages in the Chibougamau Camp, totaling approximately 43,477 hectares.

The company is also advancing technical and geological work to support planned drilling at its Aden Dome Project along the Alberta-Montana border and will provide further details on the Aden Dome Project in the near future.

REV Exploration Corp. is a mineral exploration company with gold and battery metal properties in Quebec, including JMW and Maxwell in the Chapais-Chibougamau area, and exposure to the Natural Hydrogen sector in Alberta and Saskatchewan. REV has acquired 100% of a series of PNG leases along the Alberta-Montana border, including the drill-ready Aden Dome, and has a significant equity position in MAX Power Mining Corp., which owns Canada’s largest permitted land package for Natural Hydrogen in Saskatchewan.

Jordan Potts is the CEO and a Director of REV Exploration Corp.

Chad Levesque is the Investor Relations contact and can be reached at 1-306-981-4753 or info@revexploration.com.

Source: REV Exploration Corp.