Mr. Scott Ackerman reports

BRAVERN VENTURES TO COMPLETE SHARE SETTLEMENT

Bravern Ventures Ltd. has arranged to settle outstanding indebtedness with certain creditors through the issuance of common shares of the company. Pursuant to the shares-for-debt settlement, the company has agreed to issue a total of 4,583,333 common shares of the company at a deemed price of 12 cents per share in satisfaction of $550,000 in outstanding indebtedness.

Completion of the shares-for-debt settlement is subject to approval of the TSX Venture Exchange, and the shares issued will be subject to a four-month-and-one-day statutory hold period following issuance.

We seek Safe Harbor.