Mr. Joseph Kizis reports

BRAVADA ANNOUNCES CONSOLIDATION; UPDATES PFS STATUS AT WIND MOUNTAIN

The board of directors of Bravada Gold Corp. has recommended and authorized a consolidation of the company's outstanding common shares on the basis of eight preconsolidation common shares for one postconsolidation common share. There are currently 229,262,645 common shares issued and outstanding, and, upon completion of the consolidation, there will be approximately 28,657,771 common shares issued and outstanding.

On March 2, 2026, the company's shares will commence trading on a consolidated basis on the TSX Venture Exchange with the new Cusip 10567D303 and the ISIN CA10567D3031. The company's name will not be changed in connection with this consolidation.

The company's management believes that the consolidation will result in greater investor interest and improved trading liquidity, and will facilitate future financing of the company. The company will send shareholders a letter of transmittal when the consolidation has taken effect, instructing shareholders to surrender the certificates evidencing their preconsolidation common shares for replacement certificates representing postconsolidation common shares. The consolidation is subject to TSX Venture Exchange approval.

Status of the Wind Mountain prefeasibility study

President Joe Kizis provided an update on the PFS program for the Wind Mountain project in northwestern Nevada: "Subsequent to our resource update in September, 2025, we have arranged for several independent contractors to conduct updated studies necessary for the PFS and ultimately for renewed mine permitting. Under way or expected to begin over the coming months includes mine planning and design, metallurgy, archeology, biology/wildlife, hydrology, and detailed resource evaluation to convert the small amount of in-pit inferred resource to indicated resource, which could be converted to probable reserve by a successful PFS. Being a past-producing open-pit/heap-leach mining operation and having been successfully reclaimed, there is a large amount of historic data to be drawn upon to reduce costs compared to a virgin deposit."

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 identified and advanced properties with the potential to host high-margin deposits while 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 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 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.

We seek Safe Harbor.