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

Bravo Venture Group Inc.

November 25, 2008 10:31 ET

Bravo Identifies New High-Grade Gold and Silver Zone at Homestake Ridge

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 25, 2008) - Bravo Venture Group Inc. (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today that bonanza-grade gold and silver has been returned from drill hole HR08-99 on its 100 percent owned Homestake Ridge project in NW British Columbia, including a 9.4 metre intercept averaging 24.9g/t Au and 1,042.9g/t Ag of which 1.3 metres averaged 152.5g/t Au and 6,075.7g/t Ag within an overall 27.8 metre intercept averaging 8.4g/t Au and 345.6g/t Ag. All intercepts are estimated true thickness.

Hole HR08-99 is the most northeasterly test of the Hangingwall Silver horizon in the 2008 work program and is an approximate 25 metre down-dip offset from mineralization in the previously reported drill hole HR08-96 which returned a 22.3 metre interval grading 2.0g/t Au and 513.7g/t Ag. The drill hole continues to demonstrate continuity within the near-surface Hangingwall Silver horizon, but appears related to a separate "feeder" than that modeled in the area of drill hole HR08-87.



Table I: Summaries of New Assays from the Homestake Ridge Project

---------------------------------------------------------------------------
Collar Data Est.
------------------ True
AZ Inter- Thick-
Hole Deg DIP Depth From To val ness Au Ag Hole
No. (UTM N) Deg (m) m m m m g/t g/t Notes
---------------------------------------------------------------------------
---------------------------------------------------------------------------
HR08
-99 218.0 -80.0 227.7 95.2 126.4 31.2 29.2 8.4 345.6
inc. 95.2 105.2 10.0 9.4 24.9 1042.9
and 101.2 102.7 1.5 1.4 152.5 6075.7
---------------------------------------------------------------------------
---------------------------------------------------------------------------
HR08
-102 252.9 -60.0 239.9 85.7 102.5 16.9 14.8 6.5 41.8 Interval
inc. from
85.7 92.7 7.0 6.1 13.6 81.3 85.7m to
and 90.5 92.7 2.2 1.9 38.4 30.0 92.7m was
and 122.6 125.5 2.9 2.5 1.6 1.5 previously
and 136.3 147.0 10.8 9.4 1.2 5.0 reported
inc. 142.4 147.0 4.7 4.1 2.2 9.1
---------------------------------------------------------------------------
---------------------------------------------------------------------------
HR08
-106 244.9 -53.0 108.8 7.8 24.8 17.0 11.5 0.6 4.5 Preliminary
and 37.8 48.6 10.8 7.3 0.5 Pending data
---------------------------------------------------------------------------

Analyzed by FA-ES / ICP by Acme Analytical Labs, Vancouver BC; Samples
greater than 34g/t Au re-assayed with FA-Grav - check assays are pending;
Silver overlimits (greater than 100g/t Ag) re-assayed with FA-Grav.


The company reports that mineralization in drill hole HR08-99 is located over 150 metres to the east of drill hole HR08-87 (52.5 metres of 21.0g/t Au and 11.6g/t Ag including 7.7 metres of 181.6g/t Au) and occurs adjacent to a steep down-drop of the footwall volcanic sequence towards the northeast. Mineralization in previously reported drill holes HR06-24 (10.2 metres of 20.3g/t Au and 123.5g/t Ag) and HR06-27 (4.9 metres of 25.3g/t Au and 40.3g/t Ag) and HR06-35 (14.5 metres 6.0g/t Au and 3.6g/t Ag) are distributed along this same subvertical feature and, together with drill hole HR08-99, appear to define a potential second "feeder" in the Homestake Main zone. This newly identified "feeder", which runs parallel to a similar "feeder" associated with drill hole HR08-87, is relatively under-drilled with a strike length in excess of 200 metres and a vertical extent of greater than 100 metres. The identification of a second parallel but separate "feeder" deeper in the deposit is a significant step toward increasing the higher grade potential of the Main Homestake zone.

A third down-stepped zone of mineralization at about 600 metre elevation can be traced discontinuously for over 500 metres of strike. This area has been tested by only six drill holes and provides additional potential for future exploration for high-grade "feeders".

The company also reported that additional assays, received from the lower part of hole HR08-102 has extended the previously reported mineralized interval to 14.8 metres grading 6.5g/t Au and 41.8g/t Ag and has identified additional +1g/t Au mineralization within 150 metres of surface.



Table II: Summaries of Previously Reported Significant Intercepts from the
Homestake Main Zone

---------------------------------------------------------------------------
Collar Data Est. True
-------------------------- Inter- Thick-
AZ Deg DIP Depth From To val ness Au Ag
Hole No. (UTM N) Deg (m) m m m m g/t g/t
---------------------------------------------------------------------------
HR08-84 183.5 -72.5 231.04 162.3 194.9 32.7 24.4 3.0 3.5
inc. 168.2 188.9 20.7 15.5 4.1 4.9
---------------------------------------------------------------------------
---------------------------------------------------------------------------
HR08-87 187.52 -45 212.75 64.6 137.6 73.0 52.5 21.0 11.6
inc. 111.0 132.0 21.0 15.1 69.2 29.4
inc. 124.4 132.0 7.7 5.5 181.6 71.6
---------------------------------------------------------------------------
---------------------------------------------------------------------------
HR08-90 240.5 -48.0 182.27 88.1 139.6 51.6 46.1 1.6 8.3
inc. 123.8 136.8 13.0 11.6 3.6 10.1
---------------------------------------------------------------------------
---------------------------------------------------------------------------
HR08-96 215.52 -70.00 181.97 74.1 96.7 22.6 22.3 2.0 513.7
inc. 74.1 82.5 8.4 8.3 2.2 950.7
inc. 79.7 82.5 2.8 2.7 3.5 2502.9
and 91.1 96.7 5.6 5.5 4.0 601.8
---------------------------------------------------------------------------
---------------------------------------------------------------------------
HR08-99 218.0 -80.0 227.7 95.2 126.4 31.2 29.2 8.4 345.6
inc. 95.2 105.2 10.0 9.4 24.9 1042.9
and 101.2 102.7 1.5 1.4 152.5 6075.7
---------------------------------------------------------------------------
---------------------------------------------------------------------------
HR08-102 252.9 -60.0 239.9 85.7 102.5 16.9 14.8 6.5 41.8
inc. 85.7 92.7 7.0 6.1 13.6 81.3
and 90.5 92.7 2.2 1.9 38.4 30.0
and 136.3 147.0 10.8 9.4 1.2 5.0
inc. 142.4 147.0 4.7 4.1 2.2 9.1
---------------------------------------------------------------------------
---------------------------------------------------------------------------
HR08-118 170.9 -60.0 182.0 46.0 119.3 73.3 62.5 6.1 11.3
inc. 54.5 60.2 5.8 4.9 13.4 41.9
and 109.2 119.3 10.1 8.6 30.3 23.1
and 114.9 118.1 3.3 2.8 84.8 61.0
---------------------------------------------------------------------------

Analyzed by FA-ES / ICP by Acme Analytical Labs, Vancouver BC; Samples
greater than 34g/t Au re-assayed with FA-Grav - check assays are pending;
Silver overlimits (greater than 100g/t Ag) re-assayed with FA-Grav.


About Homestake Ridge

The property consists of Mineral Title claims and Crown Grant claims in which a 100% interest was earned by Bravo from Teck Cominco and a private Optionor, respectively. There is a 2% NSR royalty in favour of Teck Cominco and on other portions of the located mineral claims there is a 2% NSR royalty in favour of the original Optionor. Bravo has the right to purchase 1% of the Teck Cominco royalty for $1 million and 1% of the original Optionor's royalty for $1 million. The Crown Granted mineral claims also are subject to a 2% NSR royalty.

In March 2007 Bravo announced an Inferred Resource estimate at the Main Homestake zone 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 (see NR-04-07)(1). The deposit remains open down dip and along strike to the southeast and northwest. A long section showing the location of completed drill holes on the Homestake Main zone has been posted on the company's website www.bravoventuregroup.com.

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. The Homestake Ridge project is a gold-rich epithermal/VMS-related vein system within Eskay Creek/Silbak-Premier stratigraphy.

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).

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.

Contact Information