BVA Bravada Gold Corporation

Bravada Gold Corporation (TSX VENTURE:BVA)(FRANKFURT:BRT) ("Bravada") announced
today results from 2012 drilling at its Wind Mountain gold and silver property,
located in northwestern Nevada. The program consisted of twelve
reverse-circulation holes, 1393 meters in total, at three separate targets. The
program was designed to provide information on exploration areas which are not
presently included in Bravada's existing NI-43-101 resource at Wind Mountain,
which consists of 570,000 ounces of gold and 14.7 million ounces of silver in
the Indicated category and an additional 354,000 ounces of gold and 10.1 million
ounces of silver in the Inferred category (see NR-06-12, dated April 11, 2012).


The drilling program was funded by Argonaut Gold Inc. (TSX:AR) ("Argonaut"),
with Bravada as project manager. Argonaut can fund staged expenditures totalling
US$7.5million over a three-year period to exercise its option to purchase the
project by paying Bravada a price of $30 per ounce of gold-equivalent contained
ounces within Measured and Indicated Resource categories as determined by
independent Qualified Persons. Further details of the agreement can be found in
Bravada's news release of September 18, 2012 (NR-11-12).


Connector Exploration Target - Geological re-modeling completed late in 2011
suggested that the Breeze and DeepMin resources are not two separate deposits,
as originally thought, but one relatively continuous deposit. Two holes were
drilled from the same location in order to test this theory, one vertical and
one angled -70 degrees to the west. Holes WM12-088 and WM12-089 are located
approximately 200 meters south of the existing Breeze resource and both holes
ended in thick zones of mixed oxide/sulfide gold mineralization, with the bottom
of hole WM12-089 ending in 10.7 meters of 0.935g/t Au and 33.7g/t Ag. Designed
open pits modeled for the 2012 Preliminary Economic Assessment (PEA) did not
include this area due to a lack of drill data; thus, any resource added in the
Connector area could expand the open pit design. This limited drilling program
indicates that the two resources can be connected with further delineation
drilling.




Significant 2012 Wind Mountain Drill Intercepts - Connector Exploration     
 Target                                                                     
----------------------------------------------------------------------------
                       T.D.  From    To Interval    Au    Ag                
Hole #    Orientation   (m)   (m)   (m)      (m) (g/t) (g/t) Comments       
----------------------------------------------------------------------------
WM12-088     -70, 275 240.8 192.0 219.4     27.4 0.334  12.1 Within 139-241m
                                                             (102m) of      
                                                             206ppb Au &    
                                                             8.5ppm Ag. Lost
                                                             hole in        
                                                             mineralization.
----------------------------------------------------------------------------
WM12-089          -90 196.6 155.4 196.6     41.1 0.356  13.8 Lost hole in   
                                                             mineralization.
----------------------------------------------------------------------------
 Including                  185.9 196.6     10.7 0.935  33.7                
----------------------------------------------------------------------------
Intercepts calculated +0.2g/t Au &/or +10g/t Ag combined. No barren         
intervals greater than 6m included internally.                              
True thicknesses are estimated to be 80-90% of interval.                    



Click here
(http://bravadagold.com/docs/12WM_Intercepts_DrillingProgramSummary.pdf) to view
the table.


Zephyr Exploration Target - Two vertical scout holes were drilled to 183 meters
and 133 meters depth, respectively, in this large, alluvial-covered area.
Neither hole intersected the targeted host rock; however, overlying lake
sediments contain long intervals of anomalous gold and silver (20-80ppb gold and
1-5ppm silver). These concentrations are similar to the values encountered in
lake sediments that overlie the DeepMin resource. A gravity geophysical survey
was conducted in December over the Zephyr target and is being interpreted to
identify structures and basement highs that could represent silicified rock at
shallow depths. Follow-up drilling is being planned for Q2-Q3 2013.


North Hill Exploration Target - Drill holes tested the alluvium-covered,
down-dip projection of shallow, oxide mineralization of the North Hill deposit.
Unfortunately, the mineralized horizon was eroded prior to being covered by
alluvium, limiting the size of the resource at North Hill. This area will now be
evaluated as a heap leach site, which should reduce operating costs compared to
costs attributed to the site used in the 2012 PEA. 


Click here (http://media3.marketwire.com/docs/bva109i.pdf) to view the map.

President Joe Kizis commented, "In addition to further drilling at Zephyr, we
are developing other exploration targets designed to expand our existing
resource with new deposits and extensions of known deposits. Drilling is
expected to recommence Q1-Q2 2013, once targeting has been completed and permits
have been modified."


In Other News

Terra Rossa Gold Ltd. has notified Bravada that it will not continue with its
option to earn an interest in the Signal property, located approximately 6km
west of Barrick's Ruby Hill gold mine in the northwestern portion of the Eureka
district. Terra Rossa reportedly drilled nine core holes on two targets west of
shallow, Carlin-style gold mineralization that was identified previously by
Bravada. The Company will evaluate Terra Rossa's data upon receipt in January.


About Wind Mountain

The past-producing Wind Mountain gold/silver project is located approximately
160km northeast of Reno, Nevada in a sparsely populated region with excellent
logistics, including county-maintained road access and a power line to the
property. A Technical Report for an independent Preliminary Economic Assessment
(PEA) and resource estimate was conducted by Mine Development Associates (MDA)
of Reno and has been posted on SEDAR, as previously reported (see NR-07-12 dated
May 1, 2012).


Mine Development Associates compiled the technical report. Thomas Dyer, P.E. is
a Senior Engineer for MDA and is responsible for sections of the technical
report involving mine designs and the economic evaluation, and Steven
Ristorcelli, C.P.G., is a Principal Geologist for MDA and is responsible for the
sections involving the Mineral Resource estimate. These are the Qualified
Persons of the technical report for the purpose of Canadian NI 43-101, Standards
of Disclosure for Economic Analyses of Mineral Projects.


About Bravada Gold Corporation

Bravada is a member of the Manex Resource Group of companies with an exploration
office in Reno, from which it is exploring its extensive Carlin-type and
low-sulfidation-type gold holdings strategically located within numerous
productive gold trends in Nevada. Homestake Resource Corporation (TSX
VENTURE:HSR) owns 10.19% of Bravada's 114,834,282 outstanding common shares.


Joseph Anthony Kizis, Jr. (AIPG CPG-11513, Wyoming PG-2576) is the Qualified
Person responsible for reviewing the technical results in this release.


On behalf of the Board of Directors of Bravada Gold Corporation

Joseph A. Kizis Jr., Director, President, Bravada Gold Corporation

For further information, please visit Bravada Gold Corporation's websites at
www.bravadagold.com.


This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements. These statements are based on a number of assumptions, including,
but not limited to, assumptions regarding general economic conditions, interest
rates, commodity markets, regulatory and governmental approvals for the
company's projects, and the availability of financing for the company's
development projects on reasonable terms. Factors that could cause actual
results to differ materially from those in forward looking statements include
market prices, exploitation and exploration successes, the timing and receipt of
government and regulatory approvals, and continued availability of capital and
financing and general economic, market or business conditions. Bravada Gold
Corporation does not assume any obligation to update or revise its
forward-looking statements, whether as a result of new information, future
events or otherwise, except to the extent required by applicable law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bravada Gold Corporation
Liana Shahinian
604.641.2773 or Toll Free at 1.888.456.1112
liana@mnxltd.com
www.bravadagold.com

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