Mr. Lawrence Page reports

BRAVADA ANNOUNCES LEADERSHIP TRANSITION

Bravada Gold Corp. has appointed Dr. Paul West-Sells as president, chief executive officer and director of the company. Joseph A. Kizis, Jr. has transitioned to vice-president, exploration, of the company and will remain on the company's board of directors.

Lawrence Page, KC, board chairman, stated: "We are pleased to have attracted to Bravada a mining leader with Dr. Paul West-Sells's skills and experience. We believe this is a testament to the quality of our portfolio of projects, most notably the Wind Mountain project in Nevada. ... Joe Kizis has been an integral officer of the company since its inception. His expertise in exploration of Wind Mountain has transitioned it from the exploration to the development phase. Paul and Joe will work closely together as Wind Mountain rapidly advances into the development phase."

Dr. West-Sells, president and CEO, stated, "I am very excited to join the Bravada team. I believe that the Wind Mountain project is a great brownfield gold project and I look forward to working with the team to help develop it. I started my career in Nevada and am pleased to have the opportunity to return to Nevada and unlock the value of Bravada's excellent portfolio of projects."

Dr. Paul West Sells

Dr. West-Sells brings a wealth of experience from a distinguished career spanning over three decades in the mining industry. He previously held various technical and senior executive roles at Western Copper and Gold Corp. between 2006 and 2024, including chief operating officer, chief executive officer and president. During his tenure, Dr. West-Sells led the advancement of the Casino project through multiple feasibility studies, environmental assessment and permitting efforts, and extensive engagement of key governmental, strategic and financial stakeholders. Earlier in his career, Dr. West-Sells worked with major mining companies such as BHP, Placer Dome and Barrick in senior technical roles focused on research and development and project development and he currently sits on the boards of Chesapeake Gold Corp., Surge Copper Corp. and Cascadia Minerals Ltd. He holds a PhD in metallurgical engineering from the University of British Columbia.

Dr. West-Sells has been granted 300,000 incentive stock options exercisable to purchase common shares of the company at an exercise price of 92 cents per share for a period of five years. The stock options are subject to the terms and conditions of Bravada's stock option plan and the policies of the TSX Venture Exchange.

Private placement

In connection with his appointment, Dr. West-Sells will participate in a non-brokered private placement totalling $200,000. He will purchase 285,715 common shares of Bravada at a price of 70 cents per share. Shares purchased pursuant to this private placement will be subject to a hold period expiring four months and one day from their date of issuance and proceeds will be used for general working capital. The private placement is subject to approval of the TSX Venture Exchange.

Dr. West-Sells's participation in the private placement is considered to be a "related party transaction" as defined under Multilateral Instrument 61-101. The company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the private placement by Dr. West-Sells does not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101.

About Bravada Gold Corp.

Bravada is a long-established exploration and development company with a portfolio of high-quality properties in Nevada, one of the best mining jurisdictions in the world. Utilizing a modified joint-venture business model, Bravada has successfully identified and advanced properties with the potential to host high-margin deposits while successfully attracting partners to finance later stages of project development.

We seek Safe Harbor.