Dr. Paul West-Sells reports

BRAVADA COMMENCES DRILL PROGRAM AT WIND MOUNTAIN GOLD PROJECT, NEVADA

Bravada Gold Corp. has commenced an approximately 2,300-metre drill program at its wholly owned Wind Mountain gold project in Nevada.

Wind Mountain drill program

The drill program comprised two targets: historic waste dumps and extensions of the current resources, with many of the possible extensions beneath the dumps. The program includes 31 holes ranging from seven to 30 m in depth to test historic waste dumps, with the objective of fully converting these dumps into resources. It also includes 16 holes, most of which will be extensions of the dump test holes, ranging from 60 to 210 m in depth to target resource expansion at the Wind and Breeze pits. Drilling will be completed using a single reverse-circulation drill rig utilizing a casing advance technique for the dump portions of the holes and is expected to be finished by the end of the third quarter.

Staking of additional claims

The company has recently completed the staking of 60 new claims west of the deposit. The additional claims expand Wind Mountain's land position by nearly 50 per cent, increasing the project from 124 claims to 184 claims and bringing the total area to approximately 1,490 hectares (3,600 acres). The new claims strengthen the project's exploration potential and cover areas being considered for heap-leach infrastructure in the coming updated PEA (preliminary economic assessment).

Updated PEA

The updated PEA remains on schedule, and results are expected to be announced in the third quarter.

Qualified person

Joseph Anthony Kizis (AIPG CPG No. 11513), vice-president of exploration and a director of Bravada Gold Corp., is the qualified person responsible for reviewing and preparing the technical data presented in this release and has approved its disclosure.

About Bravada Gold Corp.

Bravada Gold is advancing the past-producing Wind Mountain gold-silver project in Nevada. The project is the company's primary development focus and is being evaluated for a potential return to production.

A 2022 preliminary economic assessment for Wind Mountain indicated compelling project economics, supporting the company's continued work to advance the project through the next stages of development.

In addition to Wind Mountain, Bravada maintains significant exploration upside across its Nevada-based property portfolio, including the potential for new discoveries.

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