Bravo Gold Corp.

Bravo Gold Corp.

March 16, 2010 14:12 ET

Bravo Gold Corp.: Homestake Ridge Project Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 16, 2010) - Bravo Gold Corp. (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today the status of the 2009 drilling program and plans for the 2010 exploration program at its Homestake Ridge Project, a gold/silver-rich 2761ha property located in NW British Columbia.

Assay reports

All assays results have now been received from holes drilled during the 2009 exploration program, with the bulk of results having been previously reported in news releases and on the Company's website

Homestake Silver Deposit

Anomalous silver was encountered in two holes that tested the shallow, generally barren, region above the Homestake Silver deposit. The strongest mineralization was encountered in hole HR09-167, which contains several anomalous intervals including 3.1 metres (estimated true thickness) averaging 1.0g/t gold and 33.7g/t silver and which occurs on the periphery of a north-northwesterly plunging lens of gold-enriched mineralization within the Homestake Silver deposit. This lens, which includes higher-grade mineralization from the previously reported drill hole HR09-165 (24.4 metres of 12.1g/t gold), is open at depth and to the northwest and will be one of several high-priority drill targets in the upcoming exploration season scheduled to begin in June 2010.

Drill hole HR09-162 intersected a deep portion of the southeastern extension of the Homestake Silver deposit, between previously reported drill holes HR09-160 and HR09-155, and returned low values of precious-metals. Higher-grade mineralization projects from the northwest into an untested area up-dip from this hole, which will be drill tested during the 2010 season.

North Dome and other targets

A single hole tested a portion of the North Dome exploration target, located 3200 metres to the north of the Homestake Silver deposit, with encouraging results. The hole contains elevated concentrations of silver over tens of metres with intervals of anomalous base metals, primarily lead and zinc, which is similar to geochemistry directly above and adjacent to the Homestake Silver deposit. The highest precious metal values (up to 9g/t silver) occur near the base of the felsic dome. This drill hole tested one of several targets identified through interpretation of an airborne geophysical program conducted in the 2009 exploration season. Future drilling in this large area of strong alteration will test deeper portions of the system and strongly altered cross-structures.

Two drill holes that tested the Goldreef zone, located 500 metres to the west of the Homestake Silver deposit, were collared in footwall rocks and did not return any significant values.

Planned 2010 Program

Results have now been reported from all outstanding drill holes on the Homestake Ridge Project, although minor in-fill sampling continues on weakly altered portions of some holes. Data from these holes has been incorporated into the geological model and an updated resource estimate is underway, undertaken by Scott Wilson, Roscoe, Postle Associates Inc., which will include both the Main Homestake and Homestake Silver deposits. Metallurgical test work on the Silver Cap portion of the Main Homestake deposit is expected to be completed soon and will be reported when available. Permitting and planning for the upcoming field season is in progress with the goals of expanding the Homestake Silver deposit and discovering additional, new deposits at six high-priority exploration targets.

The company plans a +$6 million, +12,000 metre drill program that will focus on expanding resources in the Homestake Silver deposit, exploring the region between the Main Homestake and the Homestake Silver deposits, and conducting initial drilling on six geophysical exploration targets identified in the 630-line km airborne geophysical program conducted last season.

Preliminary metallurgical test work is scheduled on the Homestake Silver zone in Q2 2010. Additional field studies are planned to allow permitting of an access road to both the Main Homestake and Homestake Silver deposits to extend the access road running northerly from Alice Arm, which the Company uses pursuant to an agreement with Confederation Power which is developing a hydroelectric power facility near the claims.

Warrant Exercises

As of January 1, 2010, a total of 2,778,584 warrants were exercised at various exercised prices ranging from $0.30 to $0.40 providing $954,880.90 for the company to be added to general working capital.

On behalf of the Board of Directors

Joseph A. Kizis Jr., Director, President, Bravo Gold Corp.

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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