Mr. Joseph Kizis Jr. reports

BRAVADA ANNOUNCES INCREASE TO PREVIOUSLY-ANNOUNCED NON-BROKERED PRIVATE PLACEMENT

Bravada Gold Corp. is increasing its previously announced private placement and now plans to issue up to 40 million units in a non-brokered private placement at a price of four cents per unit for gross proceeds of $1.6-million. Each unit consists of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share at a price of five cents for three years. The company will make a provision for an overallotment option (Greenshoe) to allow a purchase of up to 10 per cent additional units beyond the number of units in this private placement.

Net proceeds from the private placement will be used to conduct a prefeasibility study (PFS) of the Wind Mountain gold/silver deposit in northwestern Nevada (approximately 72 per cent). Net proceeds will also cover landholding fees (11 per cent) and general working capital (approximately 17 per cent, with 14 per cent of general working capital payable to non-arm's-length parties). No amounts are proposed to be spent on investor relations activities.

The company may pay finders' fees comprising cash and non-transferable warrants in connection with the offering, subject to compliance with the policies of the TSX Venture Exchange. All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the offering and the payment of any finders' fees remain subject to the approval of the TSX Venture Exchange.

About Bravada Gold Corp.

Bravada is a long-established exploration and development company with a portfolio of high-quality properties in Nevada, one of the best mining jurisdictions in the world. Utilizing a modified joint venture business model, Bravada has successfully identified and advanced properties with the potential to host high-margin deposits while successfully attracting partners to fund later stages of project development. Bravada's value is underpinned by a substantial gold and silver resource with a positive PEA study conducted in 2022 on a phase 1 portion of the Wind Mountain deposit, and additional phases are being evaluated for the project as part of a continuing prefeasibility assessment. In addition, the company has significant upside potential from possible new discoveries at its other exploration properties.

Since 2005, the company has signed 33 earn-in joint-venture agreements for its properties with 20 publicly traded companies, as well as a similar number of property acquisition agreements with private individuals. Bravada currently has eight projects in its portfolio, consisting of 756 claims for approximately 5,600 hectares in two of Nevada's most prolific gold trends. Most of the projects host encouraging drill intercepts of gold and already have drill targets developed.

Joseph Anthony Kizis Jr. (AIPG CPG-11513), the president and a director of Bravada Gold, is the qualified person responsible for reviewing and preparing the technical data presented in this release and has approved its disclosure.

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