NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Bravada Gold Corporation (TSX VENTURE:BVA)(FRANKFURT:BRT) ("Bravada" or the
"Company") announced today that it has reassessed the potential of each of its
prospects within its portfolio of Nevada properties and determined to maintain
14 core claim groups and lapse BLM claims at four of the most speculative
properties. The Company maintains a strong presence in one of the world's best
gold mining regions and presently has 14 exploration and development properties
with 1,079 claims and 1,300 hectares of private fee land for a total of
approximately 10,000 hectares (25,000 acres). 


President Joe Kizis commented, "We continually evaluate the risk/reward profile
of our properties and adjust positions accordingly. The Company will continue to
advance its properties primarily via funding partners and will acquire
additional properties as opportunities arise." 


Bravada announced a financing (NR-08-13) on August 22nd with plans to issue up
to 25,000,000 units in a non-brokered private placement at a price of $0.02 per
unit to raise $500,000. Each unit will consist of one common share and one share
purchase warrant, with each warrant exercisable to purchase one additional
common share for a period of three years at an exercise price of $0.05 per
share. 


Net proceeds from the private placement will be utilized to fund exploration
expenses on the Company's exploration projects, to pay claim maintenance fees
and option payments to maintain the status of the Company's properties, and for
general working capital. 


The financing is being conducted pursuant to the TSX Venture Exchange ("TSXV")
bulletin of April 12, 2013 - Private Placements - Extension and Modification of
Temporary Relief from Certain Pricing Requirements. The private placement and
any finders' fees which may be payable are subject to acceptance for filing by
the TSXV. 


Shoshone Pediment  

Baker Hughes Oilfield Operations, Inc. has notified Bravada that it has
completed a second phase of drilling at Bravada's Shoshone Pediment gold and
barite project. The program, designed to test for the presence of barite
mineralization, follows a 12-hole (1,100m total) drilling program conducted
earlier this year and consisted of an additional 19 reverse-circulation holes
(approximately 1,000 meters). The property is located along the Battle
Mountain-Eureka Gold trend, which, in the project area, overlaps one of Nevada's
most important regions for barite production. Baker Hughes has the option to
acquire 100% of any barite ore, whereas Bravada will retain all other mineral
rights, including gold, and will receive a split of the drill samples from the
barite drilling for its independent geologic logging and assaying. Gold and
other mineral values will be reported subsequent to evaluation by Bravada of
assay data. 


Baker Hughes makes annual payments to Bravada and pays claim maintenance fees
during the option period and during any subsequent barite mining. Baker Hughes
can exercise the option by paying to Bravada an option fee at any time within
the six-year option period, which terminates in April 2015. Bravada will receive
a quarterly royalty payment on any barite production greater than 150,000 tons.
Should there be a discovery of both barite and other metals; each company would
have the right to mine their respective minerals while stockpiling minerals
belonging to the other party. 


Barite was historically produced from an open pit adjacent to the Shoshone
Pediment property, and the property lies along the northwesterly projection of a
linear cluster of small gold deposits hosted in Upper Plate rocks along Slaven
Canyon. Although gold mineralization may exist in the Upper Plate rocks, which
also host the barite mineralization, Nevada's largest gold deposits typically
occur in underlying Lower Plate carbonate host rocks, which have not been tested
by drilling at Shoshone Pediment.


Management Update:

Terrence Eyton has resigned from the Board of Directors. Bravada thanks him for
his services over a span of many years and wishes him well in his future
endeavours.


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 (HSR.V) 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 and has
approved its disclosure.


On behalf of the Board of Directors of Bravada Gold Corporation 

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. 


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 1.888.456.1112
liana@mnxltd.com
www.bravadagold.com

Bravada Gold (TSXV:BVA)
Historical Stock Chart
Von Mai 2024 bis Jun 2024 Click Here for more Bravada Gold Charts.
Bravada Gold (TSXV:BVA)
Historical Stock Chart
Von Jun 2023 bis Jun 2024 Click Here for more Bravada Gold Charts.