Bravo Venture Group Inc.

Bravo Venture Group Inc.

February 01, 2007 13:26 ET

Thick Zones of "Leach-Grade" Gold Encountered at Bravo's Signal Project, Nevada

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 1, 2007) - Bravo Venture Group Inc. (TSX VENTURE:BVG)(FWB:B6I) reported today encouraging results from its 2006 reverse-circulation drilling program at its Signal Project, located in the northwestern portion of the Eureka Mining District and one of the Company's 13 projects (approximately 65 sq.mi.) in the Battle-Mountain/Eureka (Cortez) gold trend. Twelve holes were completed for a total of 2,062 metres of the planned 3,500-metre program before drilling was discontinued for the season. The program is expected to resume in the late spring or early summer.

Thick zones of oxidized, potentially leach-grade gold (generally less than 1.0 g/t Au) were intersected at the Main Signal target area, near the unconformity between Mississippian clastic rocks and underlying Devils Gate Limestone. Holes SI06001, -002, -004, and -009 (see attached table and figures) intersected the strongest mineralization, and all are located along a northerly trending high-angle fault that may have been an important feeder for the mineralization. Only limited historic drilling tested this fault. Holes -005 and -012 lie near another northerly trending potential feeder fault, located 350 metres to the west. Mineralization at both areas is associated with jasperoid development, decalcification, oxidation of iron minerals, and pathfinder elements that are typical of Carlin-style gold mineralization.

Recent and historic drilling are being evaluated utilizing metal zoning and 3D modeling in order to plan the remainder of the drill program. Future work will focus on identifying cross faults that may host significantly higher grades and thicknesses of mineralization, and may include testing of deeper stratigraphic horizons adjacent to feeder faults. One possible deeper target is the Yellow Bed member of the Devonian-age upper Simonson formation, which underlies the Devils Gate Limestone. The Yellow Bed member formed during a period of low sea level, resulting in erosion and karst formation along this unconformity, and is the time-equivalent of the Denay formation, host to significant gold mineralization elsewhere in the southern Battle-Mountain/Eureka gold trend.

2006 Drilling Program - Signal Target
Begin End
Total interval interval Thickness
Drill Hole Depth Orientation meters meters meters Au (g/t)
SI06001 133 -45, 270 66 78 12 0.432
SI06002 136 -55, 090 58 105 47 0.369
SI06003 122 -60, 270 NSV
SI06004 137 -60, 270 91 131 40 0.647
Including 114 120 6 1.440
SI06005 62 -90 6 24 18 0.335
SI06009 264 -75, 090 146 186 40 0.642
Including 166 183 17 0.913
SI06010 152 -80, 270 NSV
SI06011 264 -50, 090 NSV
SI06012 98 -50, 270 73 84 11 0.510
Holes 1-5 ALS Chemex Original, Duplicate collected at rig every 50' w/
assay by Inspectorate.

Holes 6-12, Inspectorate Original, Duplicate collected at rig every 50' w/
assay by ALS Chemex.

NSV equals no significant values

True thicknesses have not yet been determined due to uncertainties in
geometry of mineralization

Holes SI06006 through SI06009 are at other target areas

Company President Joe Kizis commented that the Company's drilling appears to verify historic drill assays (for example, see attached cross section). He added, "Many of Nevada's disseminated gold deposits consist of a bi-modal distribution of gold grades; relatively low grades of gold are widespread within the deposits, but significantly higher grades, which make the deposits economically attractive, are much more restricted. These restricted zones are usually along particularly receptive faults or stratigraphic beds. We are encouraged that we have encountered a strong gold system in the gold-rich Eureka Mining District, and we feel we are well on our way to understanding the structural controls that we hope will have a significant economic impact."

To view "Simplified Geology of Signal Target", please click the following link:

Two holes at the Bisoni target returned no values greater than 300 ppb Au and one hole at the Atlas target area intersected only one 1.5-metre interval of +300 ppb Au. These target areas are located approximately 2,200 metres to the southeast and 1,300 metres south of the Main Signal target area, respectively.

To view "Cross Section 4503N", please click the following link:

Other Nevada Projects

Mud-rotary drilling continues at South Lone Mountain with the 3rd hole underway after holiday breaks and drilling problems in the first hole. This second-phase drill program follows up extensive surface work and initial drill testing during 2005/6. The holes are testing an extensive gravel-covered area of Lower Plate host rocks. One mud-rotary hole is planned to determine basement lithology, alteration, and possible mineralization at the Company's adjacent South Gold Bar property.

Joseph Kizis Jr. (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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