Mr. Scott Ackerman reports

BRAVERN VENTURES COMPLETES SHARE SETTLEMENT

Further to Bravern Ventures Ltd.'s shares for debt settlement as announced on July 31, 2024, the company has settled $550,000 of outstanding indebtedness with certain creditors through the issuance of 4,583,333 common shares of the company at a deemed price of 12 cents per share. The common shares issued are subject to a four-month hold period expiring Feb. 12, 2025.

Following the settlement, the company has 9,311,328 common shares issued and outstanding.

During the period from June, 2019, to April, 2024, the Emprise Special Opportunities Fund (2017) Limited Partnership (LP2017) of Vancouver, B.C., a non-arm's-length party to the company, made a series of loans to the company totalling $147,456, for the payment of continuing audit and regulatory compliance costs. These advances did not constitute a related party transaction pursuant to Multilateral Instrument 61-101. The settlement includes the issuance of 1,819,059 common shares of the company, in full settlement of $218,287 (loans and accrued interest, in addition to an additional cash advance of $14,800 assigned to LP2017 at full value).

Immediately prior to the settlement, LP2017 held no common shares of the company. As a result of the settlement, LP2017 has ownership and direction or control over 1,819,059 common shares of the company, representing 19.54 per cent of the issued and outstanding common shares of the company.

LP2017 acquired the aforementioned common shares for investment purposes. LP2017 may, in the future, take such actions in respect of its holdings in the company as it may deem appropriate in light of the circumstances then existing, including the purchase of additional securities of the company through open-market purchases or privately negotiated transactions or the sale of all or a portion of its individual holdings in the open market or in privately negotiated transactions to one or more purchasers, subject in each case to applicable securities law.

This news release is issued in accordance with the disclosure requirements of National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed with the applicable securities commissions or similar regulatory authorities in Canada, which report will contain additional information with respect to the foregoing matters. A copy of the early warning report will be filed on SEDAR+ under the company's profile.

From June 3, 2013, to Dec. 31, 2023, the company accrued a total of $1,216,556 to a non-arm's-length party, which debt was assigned, effective Jan. 1, 2024, to two arm's-length parties (the assignees), at full value. The assignees are at arm's length to both the company and the original non-arm's-length creditor. An aggregate of $220,393 of the assigned debt is being settled by the company through the issuance of an aggregate of 1,836,607 common shares to the assignees.

In addition, the settlement includes the issuance of 927,667 common shares of the company to an arm's-length party in settlement of outstanding financial consulting and advisory fees totalling $111,320.

The settlement does not constitute a related party transaction pursuant to Multilateral Instrument 61-101. The common shares of the company issued pursuant to the settlement were issued pursuant to Section 2.14 of National Instrument 45-106.

We seek Safe Harbor.