Bravo Venture Group Inc.

Bravo Venture Group Inc.

December 10, 2007 12:02 ET

Bravo Begins Drilling Nevada Properties

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 10, 2007) - Bravo Venture Group Inc. (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today that the company has started its planned drilling program in Nevada with one rig, and that a second rig is anticipated to be added around December 10th. A track-mounted reverse-circulation rig has begun the first of six relatively shallow holes (approximately 1,100m total) at the Signal property, which is located in the northwestern portion of the Eureka Mining District approximately seven kilometres west of Barrick's Ruby Hill Gold mine.

A truck-mounted reverse-circulation rig is expected to drill one deep hole at Signal (approximately 400m), one deep hole at South Lone Mountain (approximately 350m), and, pending weather and road conditions, two holes at Three Bar (approximately 500m total). These are three of the company's 13 properties (approximately 45 sq.mi.) in the Battle-Mountain/Eureka (Cortez) gold trend.

Signal Project

Twelve holes were completed late in 2006 for a total of 2,062 metres of the planned 3,500-metre program; the program continues now after delay due to rig availability. Initial drilling by the company intersected thick zones of oxidized, potentially leach-grade gold mineralization (generally less than 1.0 g/t Au) at the Main Signal target (for example, beginning at 91m depth, hole SI06004 intersected 40m of 0.647 g/t Au, including 6m of 1.44 g/t Au. See News Release dated February 1, 2007). Mineralization occurs near the unconformity between Mississippian clastic rocks and underlying Devonian Devils Gate limestone. The thickest mineralization lies along a northerly trending high-angle fault that may have been an important "feeder" for the mineralization. Mineralization is associated with jasperoid development, decalcification, oxidation of iron minerals, and pathfinder elements that are typical of Carlin-style gold mineralization.

The six shallow holes of the current program will further test the unconformity, including on the footwall of the northerly trending high-angle "feeder" fault and at intersections with possibly important cross faults. One deep hole will test stratigraphically deeper hostrocks at the West target, where anomalous gold occurs at surface in relatively unfavorable dolomitic hostrocks and felsic dikes.

South Lone Mountain Project

One hole will test the contact between the Ninemile and Goodwin formations, which hosts strong gold mineralization at the Ruby Hill mine. The contact is not exposed at the property and has not been drilled to date. The drill site is located adjacent to exposures of the lower Antellope Valley limestone, which stratigraphically overlies the Ninemile formation. Generally a poor host rock, the Antellope Valley limestone near the drill site contains small jasperoid-altered areas with strongly anomalous pathfinder elements and weakly anomalous gold values; possibly indicating close proximity to gold mineralization.

Three Bar Project

Two holes are planned to test possible "feeder" faults cutting Devonian Lower Plate carbonate hostrocks identified by geophysics and historic drilling under thin gravel cover. Historic drilling intersected thick zones of anomalous gold mineralization (up to 150m with less than 10 to 119 ppb Au) in unidentified Lower Plate carbonate rocks and Tertiary dikes. The property is located approximately seven kilometres northwest of Atlas' now-closed Gold Bar open-pit mine. The property is vulnerable to muddy road conditions, which could delay drilling until next season.

Homestake Ridge Project, British Columbia

The drilling program for the 2007 season on the Homestake Ridge project is now completed. All drill core has been transferred to Bravo's logging and storage facility in Stewart with the logging and sampling of the final drill holes now nearing completion. Up to four drill rigs were utilized on the project during the 2007 exploration season, which completed 9,320 metres of core drilling in 28 drill holes on three separate targets: the Main Homestake zone, the Vanguard Gold zone and the Homestake Silver zone. The company said that due to extraordinary delays in turn around from assay laboratories, it now plans to report on the 2007 program when complete assay results are received on all 28 drill holes.

Woewodski Island Project, Alaska

Bravo completed 2970 meters of core drilling in 35 holes at three main target areas during the 2007 exploration season. Drilling targeted orogenic gold-quartz veins along the Blue quartz and Red quartz trends and VMS targets at the East Lake showing. IP geophysics was conducted at East Lake to facilitate drill targeting and additional surface sampling and mapping was conducted on multiple gold and massive sulphide occurrences throughout the island. Assay results are pending.

About Bravo Venture Group Inc.

Bravo Venture Group Inc. is focused on exploring precious and base metal-rich projects within North America, currently with properties in Nevada, Alaska, and British Columbia. The company has extensive holdings strategically located within the Battle Mountain/Eureka "Cortez" gold trend in Nevada. The Woewodski Island project in southeast Alaska hosts both precious and base metal-rich massive sulphides and gold-rich orogenic quartz veins. Both the Homestake Ridge project, a gold-rich epithermal/VMS-related vein system and the Silver Basin gold/silver project lie within Eskay Creek/Silbak-Premier stratigraphy.

J.Kizis, (P.Geo.) is the Qualified Person responsible for reviewing the technical results reported in this release for Nevada. Rob Macdonald, (P.Geo.) is the Qualified Person responsible for reviewing the technical results reported in this release for Alaska and British Columbia.

On behalf of the Board of Directors

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

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. We seek safe harbor.

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