08:03 AM EST, 11/27/2025 (MT Newswires) -- REV Exploration Corp. ( REVFF ) overnight Thursday entered into a mineral property purchase agreement with an arm's-length third party to acquire a 100% interest in certain mineral claims and associated rights in Ontario and Quebec.

Under the terms of the agreement, on the closing date REV will issue to the vendor 500,000 common shares of REV in consideration for the transfer of the property. The consideration shares will be subject to a statutory hold period of four months and one day from the closing date 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 realised 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.