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

Bravo Venture Group Inc.

October 20, 2006 16:30 ET

Bravo Intersects Additional High-grade Gold at Homestake Ridge

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 20, 2006) - The Bravo Venture Group (TSX VENTURE:BVG)(FWB:B6I) announced today that the company continues to record high-grade gold assay results from the Homestake Ridge Project in the "Eskay Creek" region of northwestern British Columbia optioned from Teck Cominco Limited and private interests. The company reports that it has now received preliminary results from the final nine of 16 core holes (total of 3,100 metres) completed as the Phase I drill program on the property for 2006. Phase II drilling is currently underway with two core rigs. Recently received assays are highlighted by an 18.6 metre intercept of 5.68 g/t Au, including a 3.5 metre intercept of 20.6 g/t Au in hole HR06-35.

Other significant intercepts recently received include a 26.5 metre interval of 1.3 g/t Au, which contains a 1.5 metre interval of 10.3 g/t Au in hole HR06-31 and a 10 metre interval grading 2.3 g/t Au in hole HR06-34.

These results continue to extend the main mineralized horizon both down dip and laterally to the northwest and southeast and they represent significant step-outs from previously reported high-grade drill intercepts of 8.5 metres of 25.3 g/t Au in hole HR06-27 and 14.8 metres of 15.7 g/t Au in hole HR06-24 (see NR-25-06 dated September 18, 2006 and NR-21-06 dated August 28, 2006).

To view Figure 1: Homestake Ridge -- Preliminary Long Section of the Main Mineralized Zone please click on the following link: http://www.ccnmatthews.com/docs/1020bvg.pdf

A preliminary evaluation of the Phase I drill results suggests the presence of both "stratabound" horizons of mineralization and crosscutting "feeder-style" zones oriented at oblique angles to the main mineralized horizons. Thick zones of higher-grade mineralization may be occurring at the intersections of these mineralized trends. Continued basin analysis is needed to determine both the orientation and dimension of the high-grade mineralized zones.

Phase II drilling, which started on the property in late September, has completed to date approximately 2500 metres of an anticipated 3000 metres of drilling in ten additional core holes. Drilling has tested the target horizon to below the 600 metre level (see figure 1), continuing to extend the strike length of the zone and thus increasing the likelihood of identifying further high-grade lenses of mineralization.



Table 1: Summary Gold Assays from 2006 Phase I Drill Program on
Homestake Ridge

----------------------------------------------------------------------
Drill From To Int Assay 1 Assay 2 Assay 3 Assay 1
Hole (m) (m) (m) Au g/t Au g/t Ag g/t
----------------------------------------------------------------------
(ii)HR06-23 89.55 143.60 54.05 0.5 6.5
(ii)HR06-24 121.20 136.00 14.80 20.4 - 15.7 124.4
inc 121.20 123.75 2.55 49.6 52.0 59.3 34.4
and 125.70 127.20 1.50 93.1 73.6 27.8 1125.0
(ii)HR06-25 102.75 158.95 56.20 0.9 - - 2.7
inc 140.15 143.25 3.10 7.8 - 7.0 5.7
(ii)HR06-26 119.90 125.65 5.75 3.3 - 6.2
inc 120.55 122.00 1.45 10.8 10.2 10.5 17.4
(ii)HR06-27 193.40 201.90 8.50 25.3 - 23.2 40.6
inc 194.40 198.35 3.95 48.3 - 43.4 58.4
(ii)HR06-28 151.10 168.45 17.35 4.9 - - 9.4
inc 161.75 166.45 4.70 16.7 - 12.0 27.1
HR06-29 98.60 116.70 18.1 0.5 - - 1.5
(ii)HR06-30 96.75 161.85 65.10 1.6 - 4.5
inc 150.45 155.40 4.95 10.4 - 11.4 13.7
HR06-31 32.50 59.00 26.5 1.3 - - 17.8
inc 47.70 54.20 6.5 3.8 - - 37.9
inc 51.00 52.50 1.5 10.3 11.7 42.4
HR06-32 69.30 85.00 15.7 0.8 - - 10.5
inc 70.50 71.90 1.4 6.5 9.0 94.0
and 90.50 120.00 29.5 0.7 - - 2.8
inc 90.50 96.50 6.0 2.1 - - 5.7
HR06-33 lost hole short of target
HR06-34 183.00 220.00 37.0 1.0 - - 0.8
inc 192.00 202.00 10.0 2.3 - - 1.2
HR06-35 (P) 172.40 191.00 18.6 5.7 - - 3.3
inc 172.40 175.90 3.5 20.6 - - 5.9
HR06-36 41.00 107.00 66.0 0.6 - - 4.0
inc 77.10 87.30 8.4 1.5 - - 5.9
HR06-37 (P) NSV
HR06-38 232.60 240.45 7.8 1.0 - - 12.7
and 253.10 253.80 0.7 6.1 6.4 - 4.9
----------------------------------------------------------------------
(ii) Previously release Phase I assay results
(P) Check assays pending
Assay 1 is the original pulp analyzed by FA-ICP by Acme Analytical
Labs.
Assay 2 is the original pulp analyzed by FA-AA/GRAV by Global Discovery
Labs.
Assay 3 is a metallic screen analysis by Acme Analytical Labs.


Bravo can earn a 100% interest in the Homestake Ridge project, from Teck Cominco Limited, by expending $3,000,000 in exploration and issuing 200,000 shares and carrying the holding costs of the claims. Teck Cominco Limited may re-acquire a 60% interest in the property by spending two times Bravo Venture expenditures and can earn up to an additional 10% by sole funding a feasibility study and arranging production financing and construction quarantees.

The Crown Grant portion of the Homestake Ridge project consists of six claims and fractions, totaling 92 ha that are entirely surrounded by the property optioned from Teck. The acquisition terms for the Crown Grant properties include staged cash payments totaling $210,000; the staged issuance of 400,000 shares and aggregate property expenditures totaling $1,250,000 up to December 31(st), 2007. All of these expenditures may be applied toward the earn-in with Teck Cominco Ltd.

About Bravo Venture Group Inc.

Bravo Venture Group Inc. is focused on exploring precious and base metal-rich projects within North America, currently with properties in Nevada, Alaska, and British Columbia. The company has extensive holdings strategically located within the Battle Mountain/Eureka "Cortez" gold trend in Nevada. The Woewodski Island project in southeast Alaska hosts both precious and base metal-rich massive sulphides and gold-rich orogenic quartz veins. The Homestake Ridge project is a gold-rich epithermal/VMS-related vein system within Eskay Creek/Silbak-Premier stratigraphy.

Rob Macdonald (P.Geo.) is the Qualified Persons responsible for reviewing the technical results reported in this release.

On behalf of the Board of Directors

Joseph A. Kizis Jr., Director, President, 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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