Mr. Luis Azevedo reports

BRAVO EXTENDS T5 COPPER-GOLD MINERALIZATION OVER ~200M OF STRIKE

Bravo Mining Corp. has received more high-grade assay results from five additional drill holes at the T5 copper-gold target at its 100-per-cent-owned Luanga project. T5 lies to the east of the Luanga PGM-plus-Au-plus-Ni (platinum group metal plus gold plus nickel) deposit located in world-class Carajas, Brazil.

"Drilling has resumed at target T5 following downhole EM in the initial discovery hole (DDH2405T002, 11.48 m at 14.3 per cent Cu, 3.3 g/t Au) with mineralization now covering approximately 200 m of strike. Drill hole DDH2405T012 (collared to the east of T5 with assays pending) has also intercepted typical Carajas IOCG-style mineralization, which is very encouraging," said Luis Azevedo, chairman and chief executive officer. "DDH2505T013 is one of a series of holes that will continue to test the strike length further east. Coupled with an improving outlook for copper and gold, this is a very exciting time as Bravo continues to grow and better understand the potential of the T5 discovery."

Highlights:

• Drill hole DDH2405T009 intercepted 17.4 metres (m) at 3.49 per cent copper (Cu) and 0.95 gram per tonne (g/t) gold (Au), including 3.5 m at 13.1 per cent Cu and 3.87 g/t Au east of discovery hole DDH2405T002 (11.48 m at 14.3 per cent Cu and 3.3 g/t Au, including 2.9 m at 22.9 per cent Cu and 3.6 g/t Au).
• In the most easterly section to date, DDH2405T012 (assays pending) intercepted multiple zones of mineralization consisting of disseminated/veinlet sulphides and semi-massive/brecciated copper sulphides.
• DDH2405T0013 will be collared 25 m farther east on strike of DDH2405T012.
• On the western side of T5, DDH2405T010 intercepted 4.3 m at 4.7 per cent Cu and 0.97 g/t Au, increasing the current strike to approximately 200 m.

T5 target -- exploration update

Assay results have been received from diamond drill holes DDH2405T006, DDH2405T007, DDH2405T008, DDH2405T009 and DDH2405T010 at the T5 target, with assays pending for DDH2405T011 and DDH2405T012. T5 is located one kilometre (km) east of the Luanga PGM deposit. This drilling comprises a total of seven holes for 1,909 metres.

Drill hole DDH2405T009 intercepted 17.4 m at 3.49 per cent Cu and 0.95 g/t Au, including 3.5 m at 13.1 per cent Cu and 3.87 g/t Au east of discovery hole DDH2405T002 (see news release dated May 28, 2023), which intercepted 11.48 m at 14.3 per cent Cu and 3.3 g/t Au, including 2.9 m at 22.9 per cent Cu and 3.6 g/t Au). Farther east, on the most easterly section tested to date, DDH2405T012 has intercepted multiple zones of mineralization consisting initially of disseminated and veinlet sulphides and finishing in semi-massive/brecciated copper sulphides (156.5 m to 159.5 m). Mineralization in DDH2405T012 is more typical of IOCG (iron ore, copper and gold) mineralization observed in other deposits around the Carajas, and the assay results and style of mineralization are very encouraging for further exploration opportunities. DDH2405T0013 will be collared on a new section farther east of DDH2405T012.

On the western side of T5, DDH2405T010 intercepted 4.3 m at 4.7 per cent Cu and 0.97 g/t Au, extending the strike of mineralization. DDH2405T011, on the most westerly section, intercepted significant alteration but with little visible mineralization (assays pending).

Mineralization at T5 now covers approximately 200 m of strike and is open to the east, where DDH2405T013 will commence soon.

DDH2405T006 and DDH2405T007 are thought to be located too far north to intercept the emerging interpreted mineralized zone, while DDH2405T008 was drilled to the south of T5. BHEM will also be completed on these holes to detect potential off-hole conductors.

Drill results status update

A total of 321 drill holes have been completed to date by Bravo, for 68,299 m, including eight metallurgical holes (not subject to routine assaying). Results have been reported for 272 Bravo drill holes to date. Assay results for 41 Bravo drill holes that have been completed are currently outstanding (excluding the metallurgical holes). Bravo has extended the current EM drilling program to 8,000 m, to continue drill testing and follow-up drilling of EM anomalies.

About Bravo Mining Corp.

Bravo is a Canadian- and Brazilian-based mineral exploration and development company focused on advancing its PGM and copper-gold Luanga project in the world-class Carajas mineral province, Para state, Brazil.

Bravo is one of the most active explorers in Carajas. The team, comprising local and international geologists, has a proven record of PGM, nickel and copper discoveries in the region. It has successfully taken a past IOCG greenfield project from discovery to development and production in the Carajas.

The Luanga project is situated on mature freehold farming land and benefits from being located close to operating mines and a mining-experienced work force, with excellent access and proximity to existing infrastructure, including road, rail and clean renewable hydro grid power. A fully financed plus-70,000 infill, stepout and exploration drilling and trenching program is well advanced for 2024. Bravo's current environmental, social and governance activities include planting more than 30,000 high-value trees in and around the project area, hiring and contracting locally, and ensuring protection of the environment during its exploration activities.

Technical disclosure

Technical information in this news release has been reviewed and approved by Simon Mottram, FAusIMM (fellow of Australia Institute of Mining and Metallurgy), president of Bravo Mining, who serves as the company's qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Mottram has verified the technical data and opinions contained in this news release.

Schedule 2: assay methodologies and QA/QC (quality assurance/quality control)

Samples follow a chain of custody between collection, processing and delivery to the SGS Geosol laboratory in Parauapebas, state of Para, Brazil. The drill core is delivered to the core shack at Bravo's Luanga site facilities and processed by geologists who insert certified reference materials, blanks and duplicates into the sampling sequence. Drill core is half cut and placed in secured polyurethane bags then in security-sealed sacks before being delivered directly from the Luanga site facilities to the Parauapebas SGS Geosol laboratory by Bravo staff. Additional information about the methodology can be found on the SGS Geosol website in its analytical guides. Information regarding preparation and analysis of historic drill core is also presented in an attached table, where the information is known.

QA/QC is maintained internally at the lab through rigorous use of internal certified reference materials, blanks and duplicates. An additional QA/QC program is administered by Bravo using certified reference materials, duplicate samples and blank samples that are blindly inserted into the sample batch. If a QA/QC sample returns an unacceptable value an investigation into the results is triggered and when deemed necessary, the samples that were tested in the batch with the failed QA/QC sample are retested.