Mr. Joseph Kizis reports

BRAVADA PROVIDES CORPORATE UPDATE

At Bravada Gold Corp.'s annual general meeting held on Jan. 27, 2026, the shareholders resolved to:

• Elect incumbent directors: Joseph A. Kizis, Lawrence Page, KC, Michael Rowley, G. Ross McDonald, John Kerr and Nigel Bunting;
• Reappoint Smythe LLP, chartered accountants, as auditor of Bravada;
• Approve the company's 2026 rolling incentive stock option plan, pursuant to which a maximum of 10 per cent of the issued shares will be reserved for issuance under the plan;
• Ratify and confirm the company's shareholder rights plan containing the terms and conditions set forth in the shareholder rights plan agreement dated Jan. 26, 2023, between the company and Computershare Investor Services Inc. for an additional three years (until the conclusion of the 2029 annual meeting of shareholders); the rights plan was adopted to ensure the fair treatment of all Bravada shareholders in the event of an unsolicited takeover bid for the outstanding common shares of the company; in the event that a takeover bid should occur, the rights plan provides a mechanism to ensure that shareholders have adequate time to properly evaluate and assess it without facing undue pressure or coercion; the rights plan also provides the board of directors with additional time to consider any takeover bid and, if applicable, to explore alternative transactions in order to maximize shareholder value; accordingly, the rights plan is not designed to prevent takeover bids that treat the company's shareholders fairly; a copy of the rights plan is available under the company's profile on SEDAR+.

At the board of directors meeting held following the annual general meeting, the directors resolved to:

• Reappoint the following officers: Mr. Kizis as president, Mr. Page as chairman, Graham Thatcher as chief financial officer, Arie Page as corporate secretary and Jay Oness as vice-president, corporate development;
• Grant incentive stock options to directors, officers and consultants to purchase an aggregate 10 million common shares of the company at an exercise price of 11.5 cents per share exercisable for a period of five years; the stock options are subject to the terms and conditions of Bravada's stock option plan and the policies 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 finance later stages of project development. Bravada's value is underpinned by a substantial gold and silver resource with a positive PEA (preliminary economic assessment) study conducted in 2022 on a phase I 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 782 claims for approximately 6,329 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.

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