Mr. Alex Penha reports

BRAVO ANNOUNCES OFFERING OF COMMON SHARES

Bravo Mining Corp. has entered into an agreement with a syndicate of agents co-led by Canaccord Genuity Corp., National Bank Financial Inc. and BMO Capital Markets for the public offering of common shares in the capital of the company at a price of $3.50 per common share.

The number of common shares to be sold and amount of proceeds to be raised under the offering will be determined in the context of the market.

The closing of the offering is expected to occur on or about June 8, 2023, or on such date as agreed upon between the company and the agents, and is subject to the company receiving all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

In connection with the offering, the company intends to file a prospectus supplement to the company's short form base shelf prospectus dated May 16, 2023, with the securities regulatory authorities in each of the provinces of Canada (except Quebec). Copies of the shelf prospectus can be found, and the supplement to be filed in connection with the offering will be available, under the company's profile on SEDAR. The shelf prospectus contains, and the supplement will contain, important detailed information about the company and the offering, including the proposed use of proceeds therefrom. Prospective investors should read the supplement and accompanying shelf prospectus, and the documents incorporated by reference therein before making an investment decision.

In addition to and concurrent with the offering, the company intends to complete a private placement offering of common shares at a price of $3.50 per common share in connection with the exercise of a participation right held by an existing securityholder of the company. The number of common shares to be sold and amount of proceeds to be raised under the concurrent private placement will be determined based on the size of the offering. The closing of the concurrent private placement is expected to occur shortly following closing of the offering and is subject to the company receiving all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

About Bravo Mining Corp.

Bravo is a Canada- and Brazil-based mineral exploration and development company focused on advancing its Luanga PGM-Au-Ni (platinum group metal, gold and nickel) project in the world-class Carajas mineral province of Brazil.

The Luanga project benefits from being in a location close to operating mines, with excellent access and proximity to existing infrastructure, including road, rail, and clean and renewable hydro grid power. The project area was previously deforested for agricultural grazing land. Bravo's current environmental, social and governance activities include replanting trees in the project area, hiring and contracting locally, engagement with local communities, and ensuring protection of the environment during its exploration activities.

We seek Safe Harbor.