Mr. Alex Penha reports

BRAVO ANNOUNCES UPSIZING OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT OFFERING

Bravo Mining Corp. has increased the size of its previously announced private placement offering of common shares of the company. The size of the concurrent private placement, which is being conducted in addition to the offering (as defined below) and on a best efforts agency basis, has been increased to up to 1,504,992 common shares at a price of $3.50 per common share for gross proceeds of up to $5,267,472. Assuming completion of the offering and the concurrent private placement, the aggregate gross proceeds to the company will be up to $25,034,306.50 (if the overallotment option (as defined below) for the offering is exercised in full).

As previously announced in the company's news releases dated May 30, 2023, and June 1, 2023, the company is conducting a best efforts public offering of 4,911,015 common shares at a price of $3.50 per common share for gross proceeds of $17,188,552.50. 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. 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 Venture Exchange.

In connection with the offering, the company has filed 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 and supplement can be found under the company's profile on SEDAR. The shelf prospectus and the supplement 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.

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 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.