Mr. Lawrence Page reports

BRAVADA CLOSES NON-BROKERED PRIVATE PLACEMENT

Bravada Gold Corp. has closed its previously announced non-brokered private placement by issuing 285,715 common shares at a price of 70 cents per share for proceeds of $200,000.50. The shares were acquired by Bravada's newly appointed president and chief executive officer, Dr. Paul West-Sells.

The shares are subject to a hold period expiring on Oct. 23, 2026. Net proceeds from the private placement will be used for general working capital. The offering is subject to final approval of the TSX Venture Exchange.

Dr. West-Sells's participation in the private placement is considered to be a related party transaction as defined under Multilateral Instrument 61-101. The company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the participation in the private placement by Dr. West-Sells does not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101.

About Bravada Gold Corp.

Bravada Gold 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.

We seek Safe Harbor.