Bravo Venture Group Inc.
TSX VENTURE : BVG

Bravo Venture Group Inc.

July 14, 2005 17:39 ET

Bravo $1.0 Million Private Placement Fully Subscribed; Homestake Ridge Drill Program Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 14, 2005) - Bravo Venture Group Inc. (TSX VENTURE:BVG) reported today that the company's previously reported $1.0 million private placement (July 8th, 2005) of 2,860,000 common shares at a price of $0.35 has been fully subscribed.

The non-brokered private placements include 1,715,000 units and 1,145,000 "flow-through" common shares. Each unit offering will include one common share and one half share purchase warrant, with one full warrant exercisable to purchase one additional common share at $0.50 per share for a period of two years. In the event that the company's shares trade at a closing price of greater than $1.00 per share for a period of 20 consecutive days at any time after six months from closing, the company may accelerate the expiry date of the Warrants by providing notice to the shareholders thereof and in such case the Warrants will expire on the 30th day after the date on which such notice is given by the Corporation.

Proceeds will be applied to the Woewodski Island project, for the Nevada projects, for new acquisitions and for general working capital. Finders fees may be payable.

The proceeds from the "flow-through" common shares will be applied to the drill program at the Homestake Ridge project in NW British Columbia. Crews are scheduled to arrive at the site during the first week of August, with a ten to twelve drill hole program totaling 1500 metres commencing the following week. At least two drill holes will offset high grade mineralization intersected in 2003 drilling which returned 9.8g/t Au and 9.8g/t Ag over 3.1 metres within a 20 metre wide zone that averaged 2.0g/t Au and 4.9g/t Ag.

The private placements are subject to regulatory approval.

On behalf of the Board of Directors

Robert E.Swenarchuk, Director

Bravo Venture Group Inc.

Statements contained in this news release that are not historical facts are forward-looking statements as the term is defined in the private securities litigation reform act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Bravo Venture Group relies upon litigation protection for forward looking statements.


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.

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