Mr. Luis Azevedo reports

BRAVO INTERCEPTS DEEPER, WIDER AND HIGHER-GRADE PGM+AU+NI MINERALIZATION IN THE CENTRAL SECTOR, LUANGA PROJECT

Bravo Mining Corp. has received assay results from nine diamond drill holes (DDH) from the Central sector of 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.

"The phase 2 drill program has been completed as planned, with phase 3 now well under way. Results continue to extend PGM+Au+Ni mineralization at depth, as far as approximately 400 metres below surface in the Central sector or approximately double the typical depth of Bravo's maiden mineral resource estimate," said Luis Azevedo, chairman and chief executive officer of Bravo. "Furthermore, assay grades and mineralized thicknesses typically continue to improve at depth, indicating potential for significant resource growth."

Highlights include:

• Drilling in the Central sector, such as DDH23LU223 (42 m at 2.97 grams per tonne PGM+Au, 0.30 per cent Ni, including 26 m at 4.31 g/t PGM+Au, 0.38 per cent Ni), extends known mineralization to approximately 400 m below surface.
• Results support the potential for future growth in Luanga's mineral resource estimate (MRE).
• Additional drill results from the North sector are pending.
• Trenching of near-surface mineralization and testing of geophysical anomalies is under way.

Luanga drilling update

Results from nine diamond drill holes have been received from the Central sector. All the drill holes herein reported are angled holes (60 to 65 degrees) toward a 330-degree direction. Together, this set of drill holes comprises a total of 3,001 metres of diamond drilling.

Section 1 in the Central sector shows DDH23LU223 (42 m at 2.97 g/t PGM+Au, 0.30 per cent Ni, including 26 m at 4.31 g/t PGM+Au, 0.38 per cent Ni), which lies down dip from previously reported DDH23LU204 (49 m at 3.12 g/t PGM+Au, 0.33 per cent Ni), extending known mineralization to approximately 400 m below surface, or approximately double the typical depth extent of the maiden MRE announced Oct. 22, 2023.

Section 2 shows DDH23LU211 (27 m at 1.80 g/t PGM+Au, 0.20 per cent Ni), drilled at the northern extent of the Central sector to test the potential for higher-grade zones at depth, as observed in nearby sections. Drill hole DDH23LU211 not only intersects significantly higher grade than DDH23LU117 approximately 100 m above (up dip), but over a much greater width, with the added presence of nickel sulphides. Again, this bodes well for the further definition of high-grade zones and for future MRE growth.

Section 3 shows DDH23LU215 (30 m at 1.73 g/t PGM+Au, 0.25 per cent Ni), drilled on the next section north of section 1 in the Central sector. DDH23LU215 defines the continuation of mineralization a further 100 m down dip, also now reaching approximately 400 m below surface, further supporting the potential for future MRE growth in the Central sector.

Drill results status update

A total of 257 drill holes have been completed by Bravo to date, for 55,683.25 metres, including eight metallurgical holes (not subject to routine assaying).

Results have been reported for 220 Bravo drill holes to date. Assay results for 29 completed Bravo drill holes are currently outstanding (excluding the metallurgical holes).

About Bravo Mining Corp.

Bravo is a Canadian- 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 is situated on mature freehold farming land and benefits from being in a location close to operating mines, with excellent access and proximity to existing infrastructure, including road, rail and clean renewable hydro grid power. A fully financed 63,000 m infill, stepout and exploration drilling and trenching program is well advanced for 2024. Bravo's current environmental, social and governance activities includes replanting high-value 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 of the 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.

Schedule 2: assay methodologies and quality assurance/quality control

Samples follow a chain of custody between collection, processing and delivery to the SGS Geosol 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 Geosol laboratory by Bravo staff. Additional information about the methodology can be found on the SGS Geosol website in its analytical guides.

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.