Mr. Luis Azevedo reports

BRAVO ANNOUNCES CLOSING OF C$28.5 MILLION PRIVATE PLACEMENT AND ENTRY INTO AN INVESTMENT AGREEMENT WITH ORION MINE FINANCE

Bravo Mining Corp. has closed the private placement previously announced on Jan. 13, 2026, of common shares of the company. Pursuant to the private placement, the company has issued 7,010,294 common shares to a fund managed by Orion Mine Finance Management LLP at a price of $4.07 (1) per common share, which reflects the repriced subscription price, for aggregate gross proceeds of $28,531,896.58 ($20.5-million (U.S.) based on an exchange rate of $1 (U.S.) equals $1.3918 (Canadian)).

"Having successfully closed our public offering in January, 2026, we are pleased to have now completed this previously announced private placement with Orion, particularly in a period of continued market volatility. Orion's subscription is consistent with the public equity transaction in terms of support for the quality of our Luanga project and Bravo's long-term strategy," said chairman and chief executive officer Luis Azevedo.

"We welcome Orion as a new investor and value the constructive engagement that led to a positive outcome. This outcome includes an investment agreement that provides potential options for future project funding, a key component of our overall derisking strategy, and brings alongside a leading mining finance house that is aligned with our long-term vision for the development of Luanga, an important vote of confidence in our execution, and we greatly appreciate their support.

"With this closing, Bravo's balance sheet is further strengthened, with a pro forma cash position of approximately $134-million, leaving us fully funded to execute on our plans, including advancing to a PFS in Q3 2026 and, if warranted, toward a feasibility study in 2027, while also exploring for additional PGMs and progressing our copper-gold exploration division.

"I would also like to extend my sincere thanks to the investors who participated in our recent public offering, as well as to our more recent and longer-term shareholders, for their continued support."

In connection with the private placement, the company has entered into a participation rights agreement whereby, among other things, Orion has the right to participate pro rata in future equity or equity-linked offerings of the company up to a level of its ownership for so long as Orion owns at least 5 per cent of the outstanding common shares.

(1) The issue price is equal to the volume-weighted average trading price of the company's common shares on the TSX Venture Exchange calculated from Jan. 20, 2026, to April 2, 2026.

Investment agreement

The company and Orion have also entered into an investment agreement dated April 6, 2026, whereby, among other things: (i) subject to the satisfaction of mutually agreed milestones, certain conditions precedent and other customary conditions, Orion has committed to provide an indicative non-binding term sheet proposal to Bravo in the form of equity, debt and other financing instruments for an aggregate investment amount of up to $300-million (U.S.); (ii) Orion has a right to match any offer to provide project financing, acquisition financing, or production-linked financing and offtake transactions to the company; (iii) for so long as Bravo owns a majority interest in the Luanga project, in the event that the company enters into any agreement to acquire or repurchase any royalty relating to the Luanga project, Orion has the right purchase up to one-10th of the royalty so purchased by Bravo on the same terms as Bravo; and (iv) for so long as Bravo owns a majority interest in the Luanga project, in the event that Banco Nacional de Desenvolvimento Economico e Social provides notice to Bravo of receipt of a proposal to sell the rights to all or a portion of BNDES's royalty interest in the Luanga project and the company elects not to exercise its pre-emptive right, Orion will have the right to exercise such pre-emptive right in place of the company subject to the terms and conditions as set out in the investment agreement.

Conditions

The private placement remains subject to final approval from the TSX Venture Exchange. In consideration for the services rendered in connection with the private placement, the company has agreed to pay a cash finder's fee of $1,426,594.83, equal to 5.0 per cent of the gross proceeds of the private placement, to an arm's-length finder. The common shares issued under the private placement are subject to a statutory hold period and may not be traded until Aug. 7, 2026, except as permitted by applicable securities legislation and the rules and policies of the TSX Venture Exchange.

Use of proceeds

The company will use the net proceeds of the private placement to advance the Luanga platinum group metal plus gold plus nickel project through to completion of a preliminary feasibility study and subsequently, if warranted, to completion of a feasibility study; to expand the mineral resources associated with the Luanga PGM+Au+Ni project; to continue to explore and evaluate iron oxide copper-gold style mineralization as well as Ni-PGM-rich massive sulphides within the Luanga property; and for general working capital purposes.

About Bravo Mining Corp.

Bravo is a Canadian and Brazil-based mineral exploration and development company focused on advancing its PGM and copper-gold Luanga project in the Carajas mineral province, Para state, Brazil.

Bravo is one of the most active explorers in Carajas. The team, comprising local and international geologists, has a proven record of PGM, nickel and copper discoveries in the region. It has taken a past IOCG greenfield project from discovery to development and production in the Carajas.

The Luanga project is situated on mature freehold farming land and benefits from being located close to operating mines and a mining-experienced work force, with excellent access and proximity to existing infrastructure, including road, rail and hydroelectric grid power. Bravo's current environmental, social and governance activities include planting more than 50,000 high-value trees in and around the project area and hiring and contracting locally.

We seek Safe Harbor.