Mr. Luis Azevedo reports

BRAVO INTERSECTS SHALLOW, WIDER AND HIGHER-GRADE PGM+AU+NI MINERALIZATION IN THE NORTH SECTOR AT LUANGA

Bravo Mining Corp. has received assay results from seven diamond drill holes (DDH) from the North sector 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 continue to extend PGM+Au+Ni mineralization at depth, now in the North sector, with mineralization extending from approximately 100 metres to approximately 200 metres below surface, which is still relatively shallow when compared to the greater than 400 m depths demonstrated in the Central sector," said Luis Azevedo, chairman and chief executive officer of Bravo. "Again, assay grades and mineralized thicknesses typically improve at depth. We also see early evidence of copper sulphides in greater concentration relative to nickel sulphides, as well as localized high-grade rhodium, in the North sector."

Highlights include:

• Drilling in the North sector continues to improve in grade and thickness below the limits of the current mineral resource estimate (MRE), for example:
  • DDH23LU224 on section 1 (28.9 m at 2.44 grams per tonne PGM+Au, 0.10 per cent Ni) is significantly thicker and higher grade compared with up-dip hole DDH23LU202 (10 m at 0.80 g/t PGM+Au, 0.12 per cent Ni);
  • DDH23LU219 on section 2 (22.4 m at 1.82 g/t PGM+Au and 9.1 m at 2.22 g/t PGM+Au) is also a significant improvement over historic drill hole PPT-LUAN-FD0002 up dip (11.7 m at 1.08 g/t PGM+Au and 20 m at 0.77 g/t PGM+Au, respectively).
• The North sector drilling is at an earlier stage as compared with the Central sector, where mineralization has been extended to depths of more than 400 m. The potential to define and extend existing mineralization below depths as shallow as 100 m is now being demonstrated.
• Results in the North sector continue to support the potential for future growth in Luanga's MRE.
• Narrow zones of copper sulphides and localized high-grade rhodium have also been intersected in the North sector.
• Borehole electromagnetic (EM) survey team working in parallel with exploration drilling.

Luanga drilling update

Results from seven diamond drill holes have been received from the North sector. All the drill holes herein reported are angled holes (60 degrees) toward a 090-degree azimuth. Together, this set of drill holes comprises a total of 2,204 metres of diamond drilling.

Section 1 in the North sector shows DDH23LU224, which was drilled to test below DDH23LU202. PGM+Ni mineralization intersected in DDH23LU224 (28.9 m at 2.44 g/t PGM+Au, 0.10 per cent Ni) is significantly thicker and higher grade compared with the up-dip intersection in DDH23LU202 (10 m at 0.80 g/t PGM+Au, 0.12 per cent Ni), and is less than 150 m from surface. This bodes well for future growth in the MRE at relatively shallow depths. The zone of disseminated nickel sulphides in DDH23LU202 was not repeated in DDH23LU224; however, narrow zones of higher-grade nickel sulphide mineralization observed in DDH23LU224 are now associated with increasing levels of copper mineralization at depth.

Section 2, in the North sector, also shows evidence of increasing widths and grades at relatively shallow depths. DDH23LU219 (22.4 m at 1.82 g/t PGM+Au and 9.1 m at 2.22 g/t PGM+Au) is also a significant improvement over the up-dip intercept in historic drill hole PPT-LUAN-FD0002 (11.7 m at 1.08 g/t PGM+Au and 20 m at 0.77 g/t PGM+Au, respectively) and, as with section 1, these results bode well for future MRE growth at relatively shallow depths.

Drill results status update

A total of 260 drill holes have been completed by Bravo to date, for 56,147.80 metres, including eight metallurgical holes (not subject to routine assaying). Results have been reported for 227 Bravo drill holes to date. Assay results for 25 Bravo drill holes that have been completed are currently outstanding (excluding the metallurgical holes).

Drilling of priority HeliTEM (airborne electromagnetics) targets is now accompanied by a borehole EM survey team, on site at Luanga, progressing in parallel with drilling.

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 and a mining-experienced work force, 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 include planting more than 18,000 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 (QA/QC) 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.