Bravada Options Signal Property to Terra Rossa Gold Ltd.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 28, 2011) - Bravada Gold Corporation (TSX VENTURE:BVA)(FRANKFURT:BRT) is pleased to report that, subject to all necessary approvals, its wholly owned U.S. Subsidiary, Bravo Alaska, Inc. ("The Company"), has signed an option agreement with Terra Rossa Gold Ltd. ("Terra Rossa") for the Company's Signal property, located along Nevada's Battle Mountain/Eureka Gold trend in the northwest portion of the Eureka District. Within the district are several active exploration projects and Barrick's Ruby Hill gold mine, located six kilometres to the east of Signal.

Terra Rosa can earn an initial 51% interest in the project by spending US$2,150,000 over a four-year period with staged work commitments, starting with $250,000 in the first year, and issuing to the Company 250,000 common shares commencing after the first anniversary. Terra Rosa can earn an additional 19% by further spending US$3,850,000 and issuing to the Company another 200,000 common shares over a subsequent three-year period.

Bravo Alaska, Inc. has conducted three rounds of drilling at Signal since 2005, demonstrating these pertinent geologic features:

• Alteration and geochemistry are typical of Carlin-style mineralization.
• The Company outlined with drilling two small zones of shallow, oxidized gold mineralization along the Mississippian unconformity, a common host horizon in Nevada capable of hosting large and high-grade deposits.
• Other attractive host rocks are present, locally with strong Carlin-style alteration and geochemistry.
• Core holes reveal strong solution cavity development that began during the Mississippian unconformity and continued during Tertiary hydrothermal activity, both along specific stratigraphic horizons and along high-angle faults that were conduits for mineralization.
• Strong oxidation exists to depths exceeding 500m; deep oxidation is characteristic of large Carlin-type gold deposits.
• The Company's structural interpretation was verified by deep core holes, demonstrating the gold system was rotated after formation. This rotation affects the geometry of important host rocks and faults.

About Bravada Gold Corporation

Bravada Gold Corporation is a member of the Manex Resource Group of companies with an exploration office in Reno, Nevada from which it is exploring its extensive (22 properties covering over 20,000 hectares) Carlin-type and low-sulfidation-type gold holdings strategically located within numerous productive gold trends in Nevada. The Company has several projects available for joint venture with qualified groups.

About Terra Rossa Gold Ltd.

Terra Rossa Gold Ltd. is a private company registered in the province of British Columbia, Canada.

Joseph Anthony Kizis, Jr. (P.Geo.) is the Qualified Person responsible for reviewing the technical results in this release.

On behalf of the Board of Directors of Bravada Gold Corporation

Joseph A. Kizis Jr., Director, President, Bravada Gold Corporation

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the company's projects, and the availability of financing for the company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Bravada Gold Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.