Mr. Luis Azevedo reports

BRAVO'S HELITEM SURVEY DEFINES 17 PRIORITY EXPLORATION DRILL TARGETS FOR SYSTEMATIC TESTING AT LUANGA

Bravo Mining Corp. has received the final data from its helicopter-based (HeliTEM) electromagnetic (EM) geophysical survey over its 100-per-cent-owned Luanga palladium-platinum-rhodium-gold-nickel project, located in the Carajas mineral province, state of Para, Brazil.

"Bravo's HeliTEM has shown to be productive and highly encouraging, defining a significant number of EM anomalies. Following ground truthing and further examination in conjunction with Bravo's micro-gravity and ground magnetics geophysical dataset, and the latest detailed geological and structural interpretations, 17 priority drill targets have been selected for systematic drill testing," said Luis Azevedo, chairman and chief executive officer of Bravo. "EM plate modelling and drill hole design has started, with drilling anticipated to commence soon. To that end, we have sourced an additional two drill rigs, bringing the total on site to six."

Highlights include:

• A HeliTEM geophysical survey targeting massive sulphide mineralization that potentially could contain nickel plus or minus copper, was completed over the Luanga project (7,810 hectares).
• Numerous EM anomalies have been identified in the survey, which includes 16 priority 1 anomalies and 16 priority 2 anomalies. The remainder are lower priority anomalies.
• From these anomalies, 17 priority drill targets have been selected to be tested in the first round of drilling.
• Work is now under way to create plate models and design proposed drill holes to test them.
• Detailed ground micro-gravity and magnetic surveys have also been completed and utilized in this work.
• Six drill rigs are now on site, of which two will be assigned to the pending EM exploration drilling once ready.

Luanga geophysics update

Final data has been received from the HeliTEM (airborne electromagnetics) survey completed over the entire (7,810-hectare) Luanga project. Initial target identification and ranking has been completed, identifying a numerous EM anomalies, including 16 priority 1 anomalies and 16 priority 2 anomalies, with the remainder being low-order anomalies.

Priority 1 and 2 anomalies were ranked using the newly completed ground micro-gravity and magnetic surveys, together with Bravo's latest detailed geological and structural interpretations, soil geochemistry data, and the existing drilling database. From this work, 17 priority drill targets have been selected.

The priority drill targets are all composed of strong EM anomalies, which coincide with favourable ultramafic positions below or close to the previously identified main Luanga PGM-Au-Ni (platinum group metals-gold-nickel) mineralization, or are proximal to (T6, T7, T8 and T9) the ultramafic which strikes east from Luanga, and/or have favourable Ni/Cu (copper) soil geochemistry.

Detailed interpretation, including EM plate modelling and drill hole design, has started, with drilling set to commence as soon as possible. Bravo has two drill rigs ready (of the six rigs now on site) available for this work.

Luanga drilling update

The phase 2 drilling program targeting the continuation of PGM-Au-Ni mineralization to approximately 300 metres below surface, or twice as deep as phase 1 or historical drilling, continues to progress well.

A total of 213 drill holes (78 in 2023) have been completed by Bravo to date, for 42,996 metres, including eight planned twin holes and eight metallurgical holes (not subject to routine assaying). Results have been reported for 186 Bravo drill holes to date. Results for 19 Bravo drill holes are currently outstanding (excluding the eight metallurgical holes).

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 financed 63,000-metre infill, stepout and exploration drilling program is currently under way. 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, 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.

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