Mr. Luis Azevedo reports

BRAVO INCREASES PREVIOUSLY ANNOUNCED OFFERING OF COMMON SHARES TO C$75 MILLION AND C$34.75 MILLION CONCURRENT PRIVATE PLACEMENT

Bravo Mining Corp., due to strong demand, has increased the size of the previously announced bought deal of common shares to 17.05 million common shares at a price of $4.40 per common share for gross proceeds of approximately $75-million. The company previously entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and National Bank Capital Markets. The company has granted the underwriters an option, exercisable for a period of 30 days following the closing of the offering, to purchase up to an additional 15 per cetn of the offering to cover overallotments, if any. The offering is expected to close on or about Jan. 20, 2026, subject to certain customary closing conditions, including the receipt of all necessary approvals of the TSX Venture Exchange. All dollars are in Canadian dollars, except as noted.

The company has also entered into a non-binding indicative term sheet with Orion Mine Finance Management LLP, pursuant to which, among other things, a fund managed by Orion or a designated affiliate of Orion will subscribe for 7,897,727 common shares at the offering price for gross proceeds of $34.75-million on a non-brokered private placement basis. In connection with the concurrent private placement, it is anticipated that the company will enter into a participation rights agreement, whereby, among other things, Orion will have the right to participate pro rata in future equity offerings of the company and a right to match any offer to provide project financing, acquisition financing or production-linked financing to the company. Subject to the satisfaction of mutually agreed milestones, certain conditions precedent and other customary conditions, Orion intends to commit to provide up to $300-million (U.S.) of financing support by providing an indicative non-binding term sheet proposal in the form of equity, debt and other financing instruments promptly upon notice of such milestones being met. The concurrent private placement is subject to customary conditions, including the completion of the offering and all necessary approvals of the TSX Venture Exchange, but the offering is not contingent upon the consummation of the private placement.

The net proceeds of the offering and the concurrent private placement will be used to advance the Luanga PGM-plus-Au-plus-Ni (platinum group metal plus gold plus nickel) project through to completion of a preliminary feasibility study and subsequently, if warranted, to completion of a feasibility study; to expand the mineral resources associated with the Luanga PGM-plus-Au-plus-Ni project; to continue to explore and evaluate IOCG-style (iron ore, copper and gold) mineralization, as well as Ni-PGM-rich (nickel and platinum group metal) massive sulphides within the Luanga property; and for general working capital purposes.

In connection with the offering, the company will file a prospectus supplement to the company's short form base shelf prospectus dated Dec. 22, 2025, with the securities regulatory authorities in each of the provinces of Canada (except Quebec). Copies of the shelf prospectus can be found, and the supplement to be filed in connection with the offering will be available (within two business days of the date hereof), under the company's profile on SEDAR+. Electronic or paper copies of the shelf prospectus and the supplement, when available, may be obtained in Canada, without charge, from BMO Nesbitt Burns Inc., Brampton Distribution Centre, care of The Data Group of Companies, 9195 Torbram Rd., Brampton, Ont., L6S 6H2, by telephone at 905-791-3151, extension 4312, or by e-mail at torbramwarehouse@datagroup.ca, or from National Bank Financial Inc. at 130 King St. W (fourth floor podium), Toronto, Ont., M5X 1J9, by telephone at 416-869-8414, or e-mail at NBF-Syndication@bnc.ca, by providing an e-mail address or address, as applicable. The shelf prospectus contains, and the supplement will contain, important detailed information about the company and the offering. Prospective investors should read the supplement and accompanying shelf prospectus and the documents incorporated by reference therein before making an investment decision.

About Bravo Mining Corp.

Bravo is a Canadian- and Brazil-based mineral exploration and development company focused on advancing its PGM and copper-gold Luanga project in the 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 hydroelectric grid power. Bravo's current environmental, social and governance activities include planting more than 50,000 high-value trees in and around the project area, and hiring and contracting locally.

We seek Safe Harbor.