REV Exploration Signs LOI to Expand into Montana, Targeting Helium and Natural Hydrogen

REV Exploration Corp. (TSXV: REVX | OTC: REVFF) has entered into a non-binding Letter of Intent to acquire oil and gas leasehold interests in the Sweet Grass Hills area of Montana, marking a strategic expansion of its U.S. footprint focused on helium and natural hydrogen. The proposed transaction involves the acquisition of properties held by a publicly listed helium company and would significantly scale REV’s land position in the Northern Great Plains.

Under the terms of the LOI dated January 23, 2026, REV would acquire the Montana properties through a combination of cash and equity consideration, consisting of a USD $250,000 cash payment and the issuance of common shares with an aggregate deemed value of USD $300,000 at closing. Completion of the transaction remains subject to the negotiation and execution of a definitive agreement, satisfaction of customary closing conditions, and receipt of all required regulatory approvals, including acceptance by the TSX Venture Exchange.

The Montana land package is directly complementary to REV’s drill-ready Aden Dome Project in southeast Alberta along the Montana border. If completed, the transaction would nearly quadruple REV’s total landholdings from approximately 4,845 acres to roughly 18,998 acres, establishing a more contiguous and strategically aligned position across the Alberta–Montana region. Management views the Sweet Grass Hills acquisition as a natural extension of its existing asset base, with relevance to both helium and natural hydrogen system evaluation.

The expansion reflects REV’s growing emphasis on America’s Northern Great Plains states, a region that has attracted increasing attention for subsurface gas systems supported by favorable geology and legacy hydrocarbon datasets. 

Full press release is attached below:

VANCOUVER, British Columbia, February 4, 2026: REV Exploration Corp. (“REV” or the “Company”) (TSXV: REVX; OCTID: REVFF) is pleased to announce that it has entered into a non-binding Letter of Intent (LOI) dated January 23, 2026 (the “LOI”) to acquire certain oil and gas leasehold interests (the “Properties”) held by a publicly listed helium company (the “Vendor”) in the Sweet Grass Hills area of Montana (the “Transaction”).

The LOI sets forth the terms and conditions upon which the Company and the Vendor will complete the Transaction as follows:

• A cash payment of USD $250,000 payable to the Vendor on closing; and
• The issuance to the Vendor of common shares of the Company having an aggregate deemed value of USD $300,000 on closing.

Closing of the Transaction will be subject to, among other things, the execution of a definitive agreement, satisfaction of customary closing conditions, and receipt of required regulatory approvals, including acceptance by the TSX Venture Exchange.

The Montana land package is complementary to REV’s flagship and drill-ready Aden Dome Project in southeast Alberta along the Montana border and represents a strategic new focus on America’s Northern Great Plains states, targeting helium and natural hydrogen. The Transaction would nearly quadruple the size of REV’s total landholdings from 4,845 acres to approximately 18,998 acres as outlined in the map below.

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 owns six million shares of MAX Power Mining Corp., advancing 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” and “forward-looking statements” within the meaning of applicable Canadian securities legislation (collectively, “forward-looking information”). Forward-looking information in this release includes, but is not limited to, statements regarding: the completion of the Transaction; the negotiation and execution of a definitive agreement; the anticipated terms and timing of closing; the receipt of regulatory approvals, including acceptance by the TSX Venture Exchange; the Company’s plans and proposed exploration activities on the Properties; the geological potential of the Properties; and the Company’s future business strategy and objectives.

Forward-looking information is based on management’s expectations and reasonable assumptions as of the date of this news release, including, without limitation, assumptions regarding: the parties’ ability to negotiate and execute a definitive agreement; the satisfaction of closing conditions; the timely receipt of all required regulatory and third-party approvals; the accuracy and reliability of historical geological and technical information relating to the Properties; the Company’s ability to obtain financing on reasonable terms if required; and general economic, market and business conditions.

Forward-looking information involves 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. Such risks and uncertainties include, without limitation: the risk that the Transaction may not proceed or may not be completed on the terms currently contemplated or at all; the risk that required approvals, including TSX Venture Exchange acceptance, may not be obtained in a timely manner or at all; risks relating to mineral exploration and development, including the risk that exploration results may not confirm geological interpretations or expectations; the speculative nature of early-stage mineral properties; risks associated with operating in the United States, including permitting, land tenure, environmental compliance, regulatory and community relations risks; commodity price volatility; fluctuations in currency exchange rates; access to capital; dilution; reliance on key personnel; and general economic, market, political and social uncertainties. Investors should review the risk factors and other disclosure contained in the Company’s public filings available under its profile on SEDAR+ at www.sedarplus.ca.

There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated. Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained herein is made 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. This news release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.

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.