Mr. Alex Penha reports

BRAVO ANNOUNCES COMPLETION OF PUBLIC OFFERING FOR C$20 MILLION

Bravo Mining Corp. has closed the previously announced public offering of common shares of the company. Pursuant to the offering, the company has issued 5,647,667 common shares at a price of $3.50 per common share for gross proceeds of $19,766,834.50, which includes the exercise in full of the overallotment option granted to the agents (as defined herein). The offering was co-led by Canaccord Genuity Corp., National Bank Financial Inc. and BMO Capital Markets, on behalf of a syndicate that included Cormark Securities Inc. and Raymond James Ltd.

In connection with the offering, the company has paid the agents a cash commission in the aggregate amount of $919,584.23, equal to 5.0 per cent of the gross proceeds of the offering, other than in respect of sales to certain purchasers on the president's list, in which case the cash commission was reduced to 2.5 per cent.

The offering was made by way of a prospectus supplement dated June 1, 2023, to the company's existing Canadian base shelf prospectus dated May 16, 2023, in the United States on a private placement basis, pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended, and in certain other jurisdictions outside of Canada and the United States.

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 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.