Mr. Joseph Kizis reports

BRAVADA GOLD CLOSES PREVIOUSLY ANNOUNCED NON-BROKERED PRIVATE PLACEMENT

Bravada Gold Corp. has now closed the previously announced non-brokered private placement and will issue 44 million units at a price of four cents per unit for gross proceeds of $1.76-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.

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 74 per cent). Net proceeds will also cover landholding fees (10 per cent) and general working capital (approximately 16 per cent, with 12 per cent of general working capital payable to non-arm's-length parties). No amounts are proposed to be spent on investor relations activities.

All securities issued and sold under the offering are subject to a hold period expiring on June 5, 2026. Completion of the offering remains subject to the approval of the TSX Venture Exchange. The company has paid no finders' fees with respect to this offering.

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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