Mr. Greg Burns of Bravura reports

BRAVURA SIGNS DEFINITIVE PROPERTY AGREEMENT WITH GOLDEN PREDATOR FOR GOLD PROJECT

Bravura Ventures Corp. has entered into an option agreement dated Oct. 24, 2016, with Golden Predator Mining Corp. to acquire up to a 90-per-cent interest in and to certain mineral properties, together with the surface rights, mineral rights, personal property and permits associated therewith, located in the Watson Lake mining district in southeast Yukon.

Highlights:

• Option to acquire 90 per cent of the Grew Creek project;
• 19,000 metres in 70 drill holes since 2010 by Golden Predator, highlights include:
  • GCRC11-328(1): 68.0 metres of 5.96 grams per tonne gold and 24.1 g/t silver;
  • Including four m of 63.15 g/t gold and 344 g/t silver;
  • GC10-001(2): 146.3 m of 1.72 g/t gold;
  • Including 3.1 m of 17.93 g/t gold;
  • Including 32.2 m of 2.80 g/t gold;
  • Including 15.7 m of 2.90 g/t gold;
  • GC11-281(3): 92.0 m of 2.02 g/t gold;
  • Including 44.0 m of 3.09 g/t gold;
• Exploration expenditures of more than $4.7-million by Golden Predator since 2010;
• Year-round access in southeast Yukon, less than one kilometre from the highway with power lines crossing the project area.

Note: All the above intersections are stated as downhole intercepts and not true thickness.

(1) Americas Bullion news release dated Feb. 23, 2012.

(2) Americas Bullion news release dated Oct. 25, 2010.

(3) Americas Bullion news release dated July 5, 2011.

Greg Burns, chief executive officer, commented: "The company is very excited in its latest option and welcomes the opportunity to align itself with a progressive company such as Golden Predator. We look forward to defining the next steps on this exceptional project."

The company is excited to option and advance exploration of the Grew Creek project in close association with Yukon-focused Golden Predator, which has a significant database on the project and well-developed relationships with many Yukon first nation groups. Golden Predator is well financed and focused on developing its high-grade 3 Aces project.

About the Grew Creek property

The near-surface Carlos zone is the largest known area of gold mineralization on the property measuring 300 metres along strike, 100 m wide and open at depth below 400 m, and is defined by core and reverse circulation drilling. The Grew Creek property is located adjacent to the Robert Campbell Highway between Faro and Ross River, and consists of 670 contiguous quartz claims totalling approximately 110 square km, which are owned 100 per cent by Golden Predator (subject to a 4-per-cent net-smelter-return royalty). The property lies within the Tintina gold belt, an extensive regional system of dextral strike-slip faults which host multiple gold prospects and mines.

The Tertiary stockwork epithermal gold mineralization at Grew Creek is hosted in Eocene felsic volcanics within a four km wide grabben. Stratigraphy consists of silicic-pyroclastics and epiclastic sediments bound by mafic lavas and overlain by Pleistocene gravels. Mineralization at the Carlos zone occurs within silicic/phyllic altered volcanoclastics along a steeply dipping structural zone as electrum with lesser eugenite in banded epithermal quartz-carbonate-Kspar veins.

Two and one-half km southeast of the Carlos zone, chalcedonic coliform quartz, geochemical pathfinders and trace gold mineralization have been found within epiclastic rocks at the underexplored Knoll zone.

The property was staked in 1983 by Al Carlos, and has seen geological mapping, geophysics, geochemical sampling, trenching and over 290 drill holes with a composite length of more than 57,000 m.

Agreement terms

Bravura has the option to acquire 90 per cent of the Grew Creek property in consideration for:

• Payment to Golden Predator of an aggregate amount of $950,000 to be paid upon the following:
  • $35,000 on the closing date;
  • $50,000 on the first anniversary of the closing date;
  • $75,000 on the second anniversary of the closing date;
  • $140,000 on the third anniversary of the closing date;
  • $150,000 on the fourth anniversary of the closing date;
  • $250,000 on the fifth anniversary of the closing date;
  • $250,000 on the sixth anniversary of the closing date;
• Issuance to Golden Predator of an aggregate amount of two million common shares and an additional 6 per cent of the company to be issued upon the following:
  • 500,000 on the closing date;
  • 500,000 on the first anniversary of the closing date;
  • 500,000 on the second anniversary of the closing date;
  • 500,000 on the third anniversary of the closing date;
  • On the fourth anniversary of the closing date such a number of common shares as is equal to 2 per cent of the undiluted issued and outstanding common shares of the company for 70 per cent of the right, title and interest in assets;
  • On the fifth anniversary of the closing date such a number of common shares as is equal to 2 per cent of the undiluted issued and outstanding common shares of the company for an additional 10 per cent of asset;
  • On the sixth anniversary of the closing date such a number of common shares as is equal to 2 per cent of the undiluted issued and outstanding common shares of the company for an additional 10 per cent for a total aggregate ownership of 90 per cent;
  • Optionor shall transfer legal title to the assets to optionee on the six anniversary of closing date;
• If during the term, Bravura receives a technical report that complies with National Instrument 43-101 and defines a resource on the claims, Bravura shall, within 30 days of receipt of such report, pay to Golden Predator an additional $50,000 and issue an additional 500,000 common shares. If, during the term but after its receipt of the first report, Golden Predator receives a second technical report that increases the resource estimate by 100 per cent or more over the estimate contained in the first report, Bravura shall issue to Golden Predator such number of common shares as is equal to 2 per cent of the issued and outstanding common shares of Bravura on the date that is 10 business days prior to the date of receipt of the second report.

Qualified person

Brandon Macdonald, PGeo, is the qualified person as defined in NI 43-101 that has reviewed and approved the contents of this press release. Potential quantity and grade results disclosed in this press release are conceptual in nature, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will results in the discovery of a mineral resource. The historical estimates should not be relied upon until the company can confirm them.

We seek Safe Harbor.