Bravo Venture Group Inc.

Bravo Venture Group Inc.

July 13, 2009 14:36 ET

Bravo Announces Mobilization to Homestake Ridge

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 13, 2009) - Bravo Venture Group Inc. ("Bravo") (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today that field crews have mobilized to the Alice Arm camp in preparation for the start of drilling at its wholly owned Homestake Ridge Au-Ag-Cu deposit located 32km southeast of Stewart, within the "Eskay Creek" region of northwestern British Columbia.

Bravo plans an aggressive +$5.0 million drilling program consisting of approximately 8,500 metres in up to 40 drill holes. The 2009 program will also include a 630 line-kilometer airborne geophysical survey to be followed by surface exploration.

Initial drilling will test vertical and lateral extensions of high-grade mineralization encountered in drill holes HR08-87 (52.5 metres grading 21.0g/t Au and 11.6g/t Ag including 7.7 metres of 181.6g/t Au), HR08-118 (62.5 metres averaging 6.1g/t Au and 11.3g/t Ag including 8.5 metres grading 30.3g/t Au) and HR08-120 (69.7 metres averaging 6.1g/t Au and 15.3g/t Ag including 7.1 metres grading 27.9g/t Au and 37.2g/t Ag) and explore for possible bonanza-grade feeder faults beneath the known stratabound mineralization. All mineralized intervals are reported as estimated true thickness.

Additional drilling will test the NW extensions of the Main Homestake zone and the continuity of mineralization between the Main Homestake zone and the Homestake Silver zone, located 600 metres to the southeast. Drilling during the 2008 season at the Homestake Silver zone returned high-grade values of up to 587g/t Ag and 1.0g/t Au over 3.5 metres from drill hole HR08-98 and in drill hole HR08-99, 29.2 metres averaging 8.4g/t Au and 345.6g/t Ag including 9.4 metres of 24.9g/t Au and 1042.9g/t Ag and 1.4 metres of 152.5g/t Au and 6075.7g/t Ag. Two drill rigs are on route to the project and both are scheduled to start drilling on the Main Homestake zone in mid-July.

Bravo anticipates an approximate 70-day field season, which should conclude in October.

Metallurgical Studies

Composite samples of quartered core representing mineral styles from five separate zones through the deposit have been submitted to SGS laboratories in Lakefield, Ontario for metallurgical studies. Initial work will focus on determining the metallurgical properties of a single representative composite from the Homestake Main zone before more detailed work proceeds on the five individual composites. Results from this initial phase of work are anticipated in 4 to 6 weeks.

The metallurgical program is being conducted under the supervision of Melis Engineering Ltd.

Appointment of Engineering Firm

Bravo also reported that it has retained Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA) to consult in the development of the Homestake Ridge Project. Scott Wilson RPA will initiate an internal review of all historical data from the project and planned programs, including resource estimates and modeling, QAQC protocols, engineering studies and metallurgical studies. The Scott Wilson Mining Group, including Scott Wilson Roscoe Postle Associates Inc., is based in Toronto with offices in Canada, the United Kingdom, China, and Zambia. The Mining Group consults to major mining companies, junior mining and exploration companies, financial institutions, governments, law firms and individual investors on all aspects of mining development and operation.

Woewodski Island Drilling

The Company also reported that it has completed drilling at its Woewodski Island precious-metal rich VMS project in southeastern Alaska. Three holes were completed for a total of 862 metres, which targeted several geophysical anomalies and prospective stratigraphy in the East Lake "paleo-basin". Sampling of drill holes has been completed and submitted to the ALS Chemex for analyses. Assay results are pending.

About Bravo Venture Group Inc.

Bravo's exploration activities are focused within North America, specifically in N.W. British Columbia, Nevada, and S.E. Alaska. The VMS/Epithermal gold/silver Homestake Ridge project in British Columbia is advancing with excellent drill results and a NI43-101 compliant technical evaluation which reported an inferred resource of 903,231 ounces of gold and 5,745,746 ounces of silver contained within 11.9 million tonnes with an average grade of 2.36 g/t Au and 15.0 g/t Ag using a cut-off grade of 0.5 g/t gold(1) . The 2008 exploration program consisted of an extensive 42-hole, 8,400 metre multi-rig drill program that demonstrated continuity of mineralization that remains open down dip and along strike to the southeast and northwest. The Woewodski Island prospect in S.E. Alaska is a precious-metal rich VMS target, which lies within a mineralized trend that hosts both the Greens Creek and Windy Craggy VMS deposits. The company also has a substantial land package consisting of twelve properties located in the Battle Mountain/Eureka trend, Nevada.

Rob Macdonald (P.Geo.) is the Qualified Person responsible for reviewing the technical results reported in this release.

On behalf of the Board of Directors

Joseph A. Kizis Jr., Director, President, Bravo Venture Group Inc.

(1) An 'Inferred Mineral Resource' is that part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. Due to the uncertainty which may attach to Inferred Mineral Resources, it cannot be assumed that all or any part of an Inferred Mineral Resource will be upgraded to an Indicated or Measured Mineral Resource as a result of continued exploration. Confidence in the estimate is insufficient to allow the meaningful application of technical and economic parameters or to enable an evaluation of economic viability worthy of public disclosure. Inferred Mineral Resources must be excluded from estimates forming the basis of feasibility or other economic studies (43-101CP, CIM, 2001).

We seek safe harbor.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management.

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