Mr. Luis Azevedo reports

BRAVO INTERCEPTS BEST PGM+AU+NI DRILL HOLE TO DATE AT LUANGA

Bravo Mining Corp. has received assay results from eight diamond drill holes (DDH), five from the North sector and three from the Southwest 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.

"Drilling in the North sector continues to be encouraging, with wider and higher-grade PGM+Au+Ni mineralization at shallow depths. DDH24LU235 is now the best drill hole intercept to date at Luanga and starts at only 10.5 metres from surface. In comparison, the Central sector, which currently contains the largest proportion of mineral resource estimate (MRE) tonnage at Luanga, has been extended to depths in excess of 400 m, suggesting considerable room for further extensions to depth in the North sector," said Luis Azevedo, chairman and chief executive officer of Bravo. "We also continue to see some evidence of copper sulphide mineralization at depth in the north, as seen in drill hole DDH24LU235, suggesting potential for different styles of mineralization at Luanga."

Highlights include:

• Drilling in the North sector continues to improve in grade and thickness compared with previously reported drilling and/or drilling on adjacent drill sections as seen in DDH24LU235 on section 1:
  • 58.3 m at 3.88 grams per tonne PGM+Au, 0.12 per cent Ni, including 15 m at 6.41 g/t PGM+Au, 0.11 per cent Ni;
  • 45.7 m at 3.60 g/t PGM+Au, 0.08 per cent Ni, including 13.7 m at 8.47 g/t PGM+Au, 0.13 per cent Ni.
• Shallow mineralization in the North sector (sections 1 and 2) is currently being defined at depths of plus/minus 100 m and remains open down dip.
• The North sector has significant potential below 100 m from surface, given that the Central sector extends to depths of more than 400 m, which also supports a significant opportunity for MRE growth at shallower depths.
• Borehole electromagnetic (EM) survey team working in parallel with exploration drilling over the priority HeliTEM (airborne electromagnetics) targets, with multiple off-hole conductors ready to be modelled.

Luanga drilling update

Results from eight diamond drill holes have been received from the North and Southwest sectors. All the drill holes herein reported are angled holes (minus 60 degrees), toward a 090-degree azimuth in the north and 360-degree azimuth in the southwest. Together, this set of drill holes comprise a total of 1,865 metres of diamond drilling.

Section 1 in the North sector shows a new infill drill section with DDH24LU235 being the deepest drill hole on the section, clearly showing significantly better mineralization at depth, both in thickness and grade, in all three distinct zones of mineralization. Two of the mineralized zones now contain significant high-grade portions within the broader mineralized zones. This high-grade mineralization is still only defined to approximately 120 m below surface, with additional drilling now planned to test for potential extension at depth. Results bode well for future MRE growth.

• 58.3 m at 3.88 g/t PGM+Au, 0.12 per cent Ni, including 15 m at 6.41 g/t PGM+Au, 0.11 per cent Ni;
• 45.7 m at 3.60 g/t PGM+Au, 0.08 per cent Ni, including 13.7 m at 8.47 g/t PGM+Au, 0.13 per cent Ni.

Section 2 in the North sector also shows evidence of increasing widths and grades at shallow depths, with mineralization still open at depth. DDH24LU234 (38 m at 1.79 g/t PGM+Au, 0.06 per cent Ni) is a significant improvement over the up-dip intercept in DDH24LU232 (9.8 m at 0.86 g/t PGM+Au) and, as with section 1, these results also bode well for future MRE growth, with significant potential open at depth.

Drill results status update

A total of 269 drill holes have been completed by Bravo to date, for 57,648.45 metres, including eight metallurgical holes (not subject to routine assaying). Results have been reported for 235 Bravo drill holes to date. Assay results for 26 Bravo drill holes that have been completed 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 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 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.