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

Bravo Venture Group Inc.

November 27, 2006 09:00 ET

Bravo Closes $9.7 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 27, 2006) - Bravo Venture Group Inc. (TSX VENTURE:BVG)(FWB:B6I) reported today that the company has now closed the previously reported $9,708,770 non-brokered private placement (September 19th, 2006) consisting of 6,359,811 units (one common share and one-half share purchase warrant) at a price of $1.20 per unit and 1,549,998 flow through shares at a price of $1.34 per share. The private placement closed in four tranches with all the common shares issued pursuant to this unit offering, including share purchase warrants and units issued as finders fees, carry a legend restricting the shares from trading for a period of four months as per the following;

Flow-Through Private Placement

- 1st Tranche - 1,300,000 common shares (February 5th, 2007)

- 2nd Tranche - 249,998 common shares (March 8th, 2007)

Unit Private Placement

- 1st & 2nd Tranches - 4,718,794 units (February 5th, 2007)

- 3rd Tranche - 1,491,017 units (March 8th, 2007)

- 4th Tranche - 150,000 units (March 23rd, 2007)

On behalf of the Board of Directors

Lawrence Page, QC, Director, Bravo Venture Group Inc.

We seek safe Harbor.

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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