Mr. Alex Penha reports

BRAVO ANNOUNCES SIZING OF PREVIOUSLY ANNOUNCED OFFERING FOR C$20 MILLION

Bravo Mining Corp. has provided an update on the sizing of its previously announced public offering of common shares of the company. The offering will be conducted on a best-effort agency basis for the issuance of 4,911,015 common shares at a price of $3.50 per common share for gross proceeds of $17,188,552.50. Assuming completion of the offering and the concurrent private placement (as defined as follows), the aggregate gross proceeds to the company will be $20,002,500. Canaccord Genuity Corp., National Bank Financial Inc. and BMO Capital Markets are acting as co-lead agents for the offering and the concurrent private placement on behalf of a syndicate that includes Cormark Securities Inc. and Raymond James Ltd.

The company has also granted to the agents an option exercisable, in whole or in part for a period of 30 days from and including the closing date of the offering to sell up to such number of additional common shares at a price of $3.50 per common share as is equal to 15 per cent of the number of common shares issued pursuant to the offering.

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.

The common shares may also be sold in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the U.S. Securities Act of 1933, as amended, and in such other jurisdictions outside of Canada and the United States, in each case in accordance with all applicable laws provided that no prospectus, registration statement or similar document is required to be filed in such jurisdiction.

In addition to and concurrent with the offering, the company intends to complete a private placement offering of 803,985 common shares at a price of $3.50 per common share for gross proceeds of $2,813,947.50 (888,852 common shares for gross proceeds of $3,110,982 if the overallotment option for the offering is exercised in full) in connection with the exercise of a participation right held by an existing securityholder of the company. The closing of the concurrent private placement is expected to occur on or about June 15, 2023, and is subject to the company receiving all necessary regulatory approvals, including the approval of the TSX-V.

About Bravo Mining Corp.

Bravo is a Canada- and Brazil-based mineral exploration and development company focused on advancing its Luanga platinum group metal/gold/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 includes 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.