Bravo Venture Group Inc.

Bravo Venture Group Inc.

July 29, 2005 18:24 ET

Bravo Closes $1.0 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 29, 2005) - Bravo Venture Group Inc. (TSX VENTURE:BVG) reported today that the company has now closed the previously reported $1.0 million (flow-through and non flow-through) private placement (July 8th, 2005) of 2,860,000 common shares at a price of $0.35. All the common shares issued pursuant to this unit offering, including share purchase warrants and warrants issued as finders fees, carry a legend restricting the shares from trading for a period of four months to November 29th, 2005.

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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