Mr. Luis Azevedo reports

BRAVO'S PHASE 2 PROGRAM DEFINES THICK, HIGH-GRADE PGM+AU+NI MINERALIZATION AT DEPTHS OF UP TO 330M BELOW SURFACE

Bravo Mining Corp. has received assay results from 15 diamond drill holes (DDH) from the southwest and central sectors at its 100-per-cent-owned Luanga palladium plus platinum plus rhodium plus gold plus nickel project, located in the Carajas mineral province, state of Para, Brazil. Results are all from Bravo's Phase 2 Program that is successfully targeting potential extensions to mineralization down to approximately twice the depth of both historical and Bravo's Phase 1 drilling.

"The Phase 2 drill program continues to successfully define PGM+Au+Ni mineralization at depth from 150m to ~330m below surface. DDH23LU175 demonstrates consistent thicknesses and grades at these depths, suggesting potential for significant zones of higher-grade mineralization that could be amenable to open pit and/or underground exploitation in the future," said Luis Azevedo, Chairman and CEO of Bravo. "Central Sector Drilling (DDH23LU163 and DDH23LU164) continues to intercept narrow zones of magmatic nickel sulphide mineralization supporting Luanga's nickel sulphide exploration potential. With final HeliTEM survey and ground geophysics (magnetics and micro-gravity) data interpretation expected to be completed soon, our upcoming exploration drilling efforts will be directed towards targets pinpointed by these surveys, commencing soon."

Highlights Include:

DDH23LU175 returned one of Bravo's deepest higher-grade intercepts yet with 54m at 3.33g/t PGM+Au from 280m, including a high-grade zone of 32m at 4.99g/t PGM+Au and 0.30% Ni from 300m downhole (Figure 1).

Results from deeper drilling (Phase 2 Program) in the Central Sector continue to identify higher-grade mineralization at depths of ~150m to 330m below surface, which is under Bravo's Phase 1 and historical drilling (Figures 1 and 2) and suggests potential to double the depth extent of mineralization in these areas.

Final data has been received from the HeliTEM (airborne electromagnetics) survey over the entire (7,810ha) Luanga project. Full interpretation will commence next week. The detailed ground magnetic and micro-gravity surveys covering all the prospective stratigraphy at Luanga are expected to be completed in the next 10 days. It is anticipated that the interpretations of all 3 geophysical surveys will be available together.

Luanga Drilling Update

Results from a further fifteen diamond drill holes have been received, all from the Phase 2 Program targeting potential extensions of PGM+Au+Ni mineralization down to approximately 330m below surface, or twice as deep as Phase 1 or historical drilling. Results from eight drill holes from the Central Sector and seven from the Southwest Sector are reported in this news release. Results confirm that mineralization extends to depth at similar thicknesses and grades to intercepts in historic drilling higher up in nearby drill sections, and in Bravo's Phase 1 drill program.

Section 1 (Figure 1) in the Central Zone shows a new drill intersection (DDH23LU175) where, at depths approaching 300m below surface, mineralization is comparable or better in both thickness and grade to that intercepted at shallower depths tested during the Phase 1 drilling on this section. Furthermore, within the 54m mineralized zone grading 3.33g/t PGM+Au, 0.22% Ni, there is a high-grade zone 32.5m wide grading 4.99g/t PGM+Au, 0.30% Ni, and the mineralization remains open at depth.

A total of 209 drill holes (74 in 2023) have been completed by Bravo to date, for 40,787 metres, including all 8 planned twin holes and all 8 metallurgical holes (not subject to routine assaying). Results have been reported for 186 Bravo drill holes to date. Results for 15 Bravo drill holes are currently outstanding (excluding the 8 metallurgical holes). Completed drill holes reported in this news release are shown on Figure 5, along with completed drill holes that are awaiting assay results.

Section 2 (Figure 2), at the Eastern side of the Central Sector, shows new drill intersection (DDH23LU183) where, at depths approaching 200m below surface, mineralization is again comparable in both thickness and grade to that intercepted at shallower depths (span class="xn-money">150m).

In the Central Sector, several narrow zones of magmatic nickel sulphide mineralization were intercepted in DDH23LU163 and DDH23LU164 (Figures 3, 4 and 5), providing further evidence of magmatic nickel sulphide mineralization in the Central Sector. Figures 3 and 4 show the location of drilling to date in the Central Sector.

Luanga Geophysics Update

Final data has been received from the HeliTEM (airborne electromagnetics) survey completed over the entire (7,810ha) Luanga project. Full interpretation will commence in the next week. Preliminary HeliTEM data showed that promising anomalies are present. Bravo's geologists have already started ground truthing over more prominent HeliTEM targets shown in preliminary data.

The detailed ground magnetic and micro-gravity surveys covering all the prospective stratigraphy at Luanga are expected to be completed in the next 10 days.

It is anticipated that input from the interpretation of all three geophysical surveys are expected to be available for interpretation together and should assist in defining additional drill targets.

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. A fully funded 63,000m infill, step out and exploration drilling is currently underway. Bravo's current Environmental, Social and Governance activities includes 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, F.AusIMM (Fellow Australia Institute of Mining and Metallurgy), President of Bravo Mining Corp. who serves as the Company's "qualified person" as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr. Mottram has verified the technical data and opinions contained in this news release.

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