Dr. Paul West-Sells reports

BRAVADA PROVIDES UPDATE ON WIND MOUNTAIN GOLD PROJECT, NEVADA

Bravada Gold Corp. has provided an update on engineering activities currently under way at its wholly owned Wind Mountain gold project in Nevada.

Over the past several months, the company has advanced key engineering activities designed to move Wind Mountain toward a prefeasibility study. To support this work, the company has engaged the following technical and advisory groups:

• Respec Company LLC to lead overall project engineering, mine planning and mine design;
• Woods Process Services to lead metallurgy, heap leach evaluation and process design;
• Confluence Water Resources LLC to lead hydrology;
• OAR LLC to advise on permitting and government relations.

As an intermediate step toward advancing Wind Mountain to a prefeasibility study, the company plans to issue an updated preliminary economic assessment. The updated PEA is expected to be released in third quarter 2026.

The updated PEA will incorporate the October, 2025, updated resource, mineralized material from waste dumps generated during Amex mining operations from 1989 to 1999, updated metallurgical modelling, revised capital and operating cost estimates, and current commodity price estimates.

The updated PEA is intended to support the company's advancement of the project through the regulatory process and to take advantage of the positive current federal and state regulatory environment in Nevada. It will also help define the geotechnical, metallurgical, hydrological and other work required to complete a PFS.

"The company has made significant engineering progress since the release of the updated resource, and we look forward to releasing an updated PEA in the next few months," said Paul West-Sells, president and chief executive officer. "The updated resource, together with current long-term commodity prices, should clearly demonstrate Wind Mountain's potential as one of Nevada's premier brownfield gold projects."

Qualified person

Joseph Anthony Kizis Jr. (AIPG CPG-11513), vice-president of exploration and a director of Bravada, is the qualified person responsible for reviewing and preparing the technical data presented in this release and has approved its disclosure.

About Bravada Gold Corp.

Bravada is advancing the past-producing Wind Mountain gold-silver project in Nevada. The project is the company's primary development focus and is being evaluated for a potential return to production.

A 2022 preliminary economic assessment for Wind Mountain indicated compelling project economics, supporting the company's continued work to advance the project through the next stages of development.

In addition to Wind Mountain, Bravada maintains significant exploration upside across its Nevada-based property portfolio, including the potential for new discoveries.

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