Bravo Venture Group Inc.
TSX VENTURE : BVG
FRANKFURT : B6I

Bravo Venture Group Inc.

November 21, 2008 14:45 ET

Bravo Announces Non-Brokered Flow-Through and Unit Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 21, 2008) - Bravo Venture Group Inc. (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today that the company proposes to issue a total of 3.60 million common shares in two non-brokered private placements for total gross proceeds of C$1,290,000.

The company shall issue up to 3.0 million units in a non-brokered private placement at a price of C$0.35 per unit to raise C$1.05 million. Each unit will consist of one common share and one share purchase warrant exercisable to purchase one additional common share at an exercise price of C$0.40 per share for a period of two years from the closing date. In the event that the company's shares trade at a closing price of greater than $0.80 per share for a period of 20 consecutive days at any time after six months from closing, the company may accelerate the expiry date of the Warrants by providing notice to the shareholders thereof and in such case the Warrants will expire on the 30th day after the date on which such notice is given by the Corporation. Net proceeds will be for general working capital. Finder's fees may be payable.

The company shall also issue up to 600,000 units in a non-brokered flow-through private placement at a price of C$0.40 per unit to raise C$240,000. Each unit will consist of one common flow-through share and one-half transferable non flow-through share purchase warrant, each whole warrant exercisable to purchase one additional common share at an exercise price of $0.50 per share for a period of eighteen months from the closing date. All proceeds from this placement will be expended to fund the continuance of projects located in NW British Columbia.

The private placements and finders fees are subject to regulatory approval.

On behalf of the Board of Directors

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

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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