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

Bravo Venture Group Inc.

January 18, 2007 16:47 ET

Bravo Venture Group Inc.: Encouraging Surface Results to Target Drilling at Woewodski

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 18, 2007) - Bravo Venture Group Inc. (TSX VENTURE:BVG)(FWB:B6I) reported today continued encouraging results from surface sampling at the Woewodski Island project in southeast Alaska. The company is permitting specific targets for drill follow-up early in the 2007 exploration season.

The 2006 exploration program included hand trenching at the Miami beach, Hattie beach and Krause's showings, followed by chip/channel and local bulk sampling of vein exposures. Closely spaced soil sampling was conducted along the Blue Quartz trend (including the Miami Beach and Matt's vein showings), and over one dozen other quartz vein showings on the island and surrounding area were mapped and prospected. Mechanical trenching was scheduled for the Matt's vein showing, where previously reported values of up to 542g/t (14.3oz/t) were returned from float and rubble outcrop samples (see NR-20-06); however, adverse weather conditions late in the field season did not allow for safe access. Bulk sampling in this area will resume as soon as conditions allow.

Trenching at the Miami Beach showing exposed a broad shear zone, approximately 30-metres wide, hosting veins up to 45 cm thick, which are generally confined to a central 2m to 3m wide, NE-trending structure within the shear. Bulk sampling (10 to 20 kg) of several individual veins returned values from 2.7g/t to 9.1g/t Au, and channel samples from nearby sheared wall rock returned anomalous gold values including 1.1g/t Au over 1 metre.

Significant values from sampling on other prospects include: 14.9g/t Au, 8.2g/t Au and 3.2g/t Au in grab and float vein samples from the Virginia showing; a 9.8g/t Au grab sample from a vein at the Whiskey Pass showing; and 7.5g/t Au from a grab sample of quartz vein and 3.0g/t Au over 2.0m in channel sampling from the Krause's showing.

The company also reported greater than 1g/t Au (up to 3.8g/t Au) in 13 of 30 samples from the Red Quartz showing in the southern part of the island. Eight of the 13 anomalous samples returned silver values from 17.8 to 91.3g/t Ag. Gold mineralization at Red Quartz has a strong association with elevated Ag, As and Sb values, which is in sharp contrast to the relatively low values of silver and pathfinder elements typically associated with gold mineralization in the blue quartz veins. Sampling has now traced the Red Quartz vein system in float, outcrop and rubble samples along a 300 metre strike length before plunging beneath a ground cover.

Bravo President Joe Kizis states, "The Red Quartz showing may be a mineral system that is at a much higher level than has been previously identified on the island, possibly an epithermal gold/silver system. Despite its early stage of development, it appears to represent a significant area of gold mineralization on the property."

Bravo is completing detailed compilation and analyses of 2006 sampling in anticipation of a +2,000 metre diamond drill program that will test both gold-quartz vein targets and VMS targets on the project.

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.

To view 'Figure1: Distribution of select gold showings SW Woewodski Island', please click on the following link: http://www.ccnmatthews.com/docs/BVG-Figure1.jpg

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.

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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