VANCOUVER, British Columbia, Jan. 12, 2026 (GLOBE NEWSWIRE) -- REV Exploration Corp. ("REV" or the "Company") (TSXV: REVX; OTC: REVFF) is pleased to announce that, further to its news release dated November 26, 2025, the Company has closed the acquisition of 72 mining claims and associated rights located in Ontario and Quebec (the "Property") pursuant to a mineral property purchase agreement with an arm's-length third party (the "Vendor") dated November 26, 2025 (the "Agreement").
Under the terms of the Agreement, REV has issued to the Vendor 500,000 common shares of REV (the "Consideration Shares") in consideration for the transfer of the Property. The Consideration Shares are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws.
The Property is subject to a 1.5% net smelter returns royalty, being a production royalty calculated as 1.5% of the net proceeds realized from the sale of minerals produced from the Property after customary deductions for transportation, insurance, smelting and refining charges and metallurgical penalties, payable to the royalty holder.
Closing is subject to customary conditions, including receipt of all required regulatory approvals and acceptance of the Agreement by the TSX Venture Exchange (the "TSXV"), as applicable.
About REV Exploration Corp.
REV is a mineral exploration company that owns a suite of gold and battery metal properties in Quebec highlighted by JMW and Maxwell in the Chibougamau Gold Camp, while the Company also has strong 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, while it also has a significant equity position in MAX Power Mining Corp. which owns Canada's largest permitted land package for Natural Hydrogen in Saskatchewan.
For further information on the Company, readers are referred to the Company's website at www.REVexploration.com and its Canadian regulatory filings on SEDAR+ at www.sedarplus.ca.
REV Exploration Corp.
Suite 410 -325 Howe Street,
B.C. V6C 1Z7
Tel: 604-682-7970
info@revexploration.com
REVexploration.com
Jordan Potts CEO, Director
For further information, please contact:
Chad Levesque
Investor Relations
1-306-981-4753
info@revexploration.com
Cautionary Statement on Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding the future business plans of the Company, the potential of the claims and the value of the Property and the acceptance of the Agreement by the TSXV. Forward-looking information is often, but not always, identified by the use of words such as "expects," "plans," "anticipates," "intends," "believes," "estimates," "potential," "target," "strategy," "budget," "scheduled," "may," "will," "should," or similar expressions. Forward-looking information is based on management's reasonable assumptions as of the date such statements are made, including assumptions regarding the Company's ability to obtain necessary approvals, general business and economic conditions, financial market stability, the availability of financing on reasonable terms, and the Company's ability to carry out its planned exploration activities.
Forward-looking information involves known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied. These risks and uncertainties include, but are not limited to: risks relating to exploration activities, including operational risks, cost overruns, equipment failures, permitting delays, or accidents; risks associated with early-stage mineral projects and the absence of mineral resources or reserves defined under NI 43-101 on the JMW Gold Property and the Property; commodity price volatility; changes in financial markets and investor sentiment; general economic, political, and social uncertainties; reliance on key personnel; environmental, permitting, and community risks; and other risks inherent in the mining and exploration industry.
Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that could cause results not to be as anticipated, estimated, or intended. Readers are cautioned not to place undue reliance on forward-looking information. Forward-looking information speaks only as of the date of this news release, and the Company does not undertake any obligation to update or revise such information except as required by applicable securities laws. REV disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information or otherwise, except as expressly required by applicable securities legislation.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities referenced herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
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 release.
