VANCOUVER, British Columbia, Jan. 19, 2026 (GLOBE NEWSWIRE) -- REV Exploration Corp. (“REV” or the “Company”) (TSXV: REVX; OTCID: REVFF) is pleased to provide the following corporate update:
Highlights
- REV has completed its largest raise ever, closing concurrent private placements totaling $5.8 million (no warrants issued) with a lead order of $2.0 million from Eric Sprott who now beneficially owns or controls 6,666,667 common shares of the Company representing approximately 12.6% on a non-diluted basis (refer to Jan. 16, 2026 news release);
- REV has increased its ownership to 6 million shares or approximately 5.0% of MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF) on a non-diluted basis after exercising 2,000,000 common share purchase warrants of MAX Power which were originally issued to REV pursuant to the previously announced strategic transaction between the two companies (refer to June 18, 2025 news release);
- REV is proceeding toward near-term (Q1) drilling of its flagship Aden Dome Project (Aden Dome) in southeast Alberta along the Montana border. The Aden Dome is considered highly prospective for Natural Hydrogen and associated gases, and is located along a geological belt that extends from Saskatchewan into Montana. REV is exploring potential property acquisition opportunities in Montana and the broader Northern Great Plains states;
- REV has amassed a land package in Northern Quebec’s Chibougamau Gold Camp totaling approximately 52,000 hectares or 520 sq. km (refer to Jan. 14, 2026 news release), including the drill-ready JMW Property. The Company continues to explore a range of strategic opportunities to maximize value from its Quebec gold assets.
Mr. Jordan Potts, REV Exploration CEO, commented: “REV Exploration congratulates MAX Power for its Natural Hydrogen drilling discovery on the Genesis Trend in Saskatchewan announced January 16, 2026. We believe this further supports our decision last year to acquire the Aden Dome situated along a belt that stretches from the northern tip of Genesis into southeast Alberta and Montana.”
Mr. Potts continued, “Our decision to exercise our warrants in MAX Power reflects our confidence in MAX Power’s progress and the long-term potential of Natural Hydrogen. By increasing our ownership position, we are strengthening an asset-backed investment that we believe has the potential to meaningfully enhance shareholder value at REV. This transaction underscores our strategy of using partnerships and disciplined capital allocation to create upside for our shareholders while maintaining focus on our core exploration initiatives.”
About REV Exploration Corp.
REV is a mineral exploration company that owns a suite of mostly gold properties in Quebec highlighted by JMW and Maxwell in the Chibougamau Gold Camp of northern Quebec, 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 and Forward-Looking Information
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable Canadian securities legislation (collectively, “forward-looking information”). Forward-looking information includes, without limitation, statements regarding the Company’s exploration plans, proposed drilling activities and timing, potential property acquisitions, expectations regarding Natural Hydrogen prospectivity and associated gases, the advancement of the Aden Dome Project and the Company’s gold assets in Québec, the potential value and strategic importance of the Company’s equity investment in MAX Power Mining Corp., and the Company’s overall business strategy and future plans.
Forward-looking information is generally identified by the use of forward-looking terminology such as “expects,” “plans,” “anticipates,” “intends,” “believes,” “estimates,” “potential,” “targets,” “strategy,” “budget,” “scheduled,” “may,” “will,” “should,” or similar expressions, or statements that certain events or conditions “may,” “would,” or “will” occur. Such forward-looking information is based on management’s reasonable assumptions, estimates, expectations, and opinions as of the date of this news release, including assumptions regarding commodity prices, market conditions, the availability of capital and financing on acceptable terms, the Company’s ability to obtain necessary regulatory and third-party approvals, the results of exploration activities, and the continued cooperation of joint venture partners, landowners, and other stakeholders. Forward-looking information is subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the Company to differ materially from those expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to: risks related to regulatory approvals; changes in commodity prices and financial markets; risks inherent in mineral and natural resource exploration and early-stage development, including risks specific to the exploration for Natural Hydrogen and associated gases, such as uncertainty of subsurface conditions, drilling and testing results, technological and methodological limitations, cost overruns, equipment failures, permitting delays, and operational accidents; environmental, permitting, title, and community-related risks; changes in laws, regulations, or government policies; reliance on key management and technical personnel; and general economic, political, and market conditions.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events may differ materially from those anticipated. 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 any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws. Investors are encouraged to review the Company’s public disclosure record, including its most recent management’s discussion and analysis, annual and interim filings, and risk factor disclosure available under the Company’s profile on SEDAR+ at www.sedarplus.ca, for a more complete discussion of the risks and uncertainties applicable to the Company.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or approved the contents of this news release and accepts no responsibility for the adequacy or accuracy of this release.
