File: '\\swfile\EmailIn\20241015 060735 Attachment Bravern NR - SFD closed (Oct 15 2024).docx'

BRAVERN VENTURES COMPLETES SHARE SETTLEMENT

News Release

Vancouver, British Columbia - October 15, 2024 - Bravern Ventures Ltd. (the "Company") (TSXV: BAV.H), further to the Company's shares for debt settlement as announced on July 31, 2024, the Company has settled $550,000.00 of outstanding indebtedness with certain creditors (the "Settlement") through the issuance of 4,583,333 common shares of the Company, at a deemed price of $0.12 per share. The common shares issued are subject to a four month hold period expiring February 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 ongoing 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% of the issued and outstanding common shares of the Company.

LP2017 acquired the above-noted 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 (the "Early Warning Report"). A copy of the Early Warning Report will be filed on SEDAR under the Company's profile at www.sedarplus.ca.

From June 3, 2013 to December 31, 2023, the Company accrued a total of $1,216,556 to a Non-Arm's Length Party, which debt was assigned, effective January 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 totaling $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.

On Behalf of the Board of Directors of:

BRAVERN VENTURES LTD.

Scott Ackerman

Chief Executive Officer

Tel: (778) 331-8505

Email: sackerman@emprisecapital.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.