Mr. Luis Azevedo reports

BRAVO INTERCEPTS FIRST EVIDENCE OF MASSIVE SULPHIDE NICKEL IN THE SOUTHWEST SECTOR AND CONTINUATION OF MINERALIZATION AT DEPTH AT THE CENTRAL SECTOR OF LUANGA

Bravo Mining Corp. has received assay results from a further 10 infill diamond drill holes (DDH) from its 100-per-cent-owned Luanga palladium-platinum-rhodium-gold-nickel project, located in the Carajas mineral province in Para state, Brazil.

"Recent drilling in the Southwest sector (DDH23LU142) has intercepted the first evidence of magmatic nickel sulphide mineralization outside that previously intersected in the North sector (Aug. 16, 2022, news release). This indicates the potential for nickel sulphides at depth along the entire 8.1-kilometre strike of the Luanga project. Coupled with the continuing evidence of elevated levels of disseminated nickel sulphides throughout the Central sector, a HeliTEM [helicopter time-domain electromagnetic] survey across the entire Luanga land package has begun, designed to find indications of massive sulphide targets," said Luis Azevedo, chairman and chief executive officer of Bravo. "The phase 2 drill program is progressing as planned, with drilling completed to date (assays pending) shown in figure 4 for reference. This shows where drill coverage is heading and where future results will come from as we begin to explore the next 150-metre interval of mineralization vertically below the top 150 m defined by historical work and Bravo's phase 1 program."

Highlights include:

• DDH23LU142 intersected the first evidence of magmatic nickel sulphide mineralization in the in the Southwest sector.
• Drilling in the Central sector continues to intercept magmatic nickel sulphides at depth, where results from Bravo's drilling outperform historical shallower drill results.
• Assay results continue to compare well with that of historic drilling on nearby drill sections, both in tenor and mineralized thickness.
• Deeper drilling (phase 2 program) commenced in the Central sector, systematically stepping back and extending drill coverage at depth on each section.
• HeliTEM over the entire area (7.81 hectares) of the Luanga project has begun.

Luanga drilling update

Results from a further 10 diamond drill holes have been received, six from the Southwest sector and four from the Central sector. Results continue to compare well with intercepts in historic drilling on nearby drill sections.

In the Southwest sector, a 10-centimetre to 15 cm zone of magmatic nickel sulphide mineralization was intersected, providing the first evidence of massive sulphides in the Southwest sector. Assay results also show consistency with historical results for PGMs (platinum group metals (palladium, platinum, rhodium)) compared with intercepts in historic drilling on neighbouring drill sections.

Elevated nickel values continue to be a feature of the Central sector, broadly showing an enrichment in disseminated magmatic nickel sulphide throughout the Central sector compared with the North and Southwest sectors. Drilling in the Central sector continues to show mineralization dominated by one particularly thick continuous zone of mineralization, extending for kilometres of strike in the Central sector.

The phase 2 program, focused on extending drill coverage at depth beyond the coverage of historical drilling, is progressing well.

A total of 182 drill holes (47 in 2023) have been completed by Bravo to date, for 34,149 metres, including all eight planned twin holes and all eight metallurgical holes (not subject to routine assaying).

Results have been reported for 148 Bravo drill holes to date. Results for 26 Bravo drill holes are currently outstanding (excluding the metallurgical holes). As evidenced by the constantly decreasing number of holes outstanding at the laboratory, optimization of the company's assay process is having a positive impact on turnaround times as compared with 2022.

About Bravo Mining Corp.

Bravo is a Canada- and Brazil-based mineral exploration and development company focused on advancing its Luanga PGM-Au-Ni 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, and ensuring protection of the environment during its exploration activities.

Technical disclosure

Technical information in this news release has been reviewed and approved by Simon Mottram, FAusIMM (fellow, Australia Institute of Mining and Metallurgy), president of Bravo Mining, who serves as the company's qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Mottram has verified the technical data and opinions contained in this news release.

Assay methodologies and quality assurance/quality control (QA/QC)

Samples follow a chain of custody between collection, processing, and delivery to the SGS laboratory in Parauapebas, state of Para, Brazil. The drill core is delivered to the core shack at Bravo's Luanga site facilities and processed by geologists, who insert certified reference materials, blanks and duplicates into the sampling sequence. Drill core is half-cut and placed in secured polyurethane bags, then in security-sealed sacks before being delivered directly from the Luanga site facilities to the Parauapebas SGS laboratory by Bravo staff. Additional information about the methodology can be found on the SGS Geosol website (SGS) in its analytical guides. Information regarding preparation and analysis of historic drill core is also presented in the table entitled "Bravo SGS Geosol," where the information is known.

Quality assurance and quality control are maintained internally at the lab through rigorous use of internal certified reference materials, blanks and duplicates. An additional QA/QC program is administered by Bravo using certified reference materials, duplicate samples and blank samples that are blindly inserted into the sample batch. If a QA/QC sample returns an unacceptable value an investigation into the results is triggered and, when deemed necessary, the samples that were tested in the batch with the failed QA/QC sample are retested.

We seek Safe Harbor.