Bravo Venture Group Inc.

Bravo Venture Group Inc.

February 26, 2009 18:53 ET

Bravo to Prepare Homestake Resource Estimate Following Completion of 2009 Drill Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 26, 2009) - Bravo Venture Group Inc. (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today that the company plans to defer completion of an updated resource estimate for its Homestake Ridge project in northwest BC until the completion of the 2009 exploration season.

The company said that refinement of the 3D geologic computer model has identified probable feeder structures and faults that appear to control the higher grade gold and silver mineralization encountered late in the 2008 season (NR-22-08, October 2, 2008 "HR08-87 includes a 73 metre down-hole intercept averaging 20.99 g/t Au. The extensive intercept includes a down-hole 7.65 metre bonanza intercept averaging 181.58 g/t Au") and these features require additional drilling to evaluate their significance, continuity, and ultimate extensions. Subsequent to receipt of assay results from hole 87, the company and its consultants continued to develop the existing resource model, a process that will continue throughout the 2009 exploration program.

Bravo said it is planning a 7,500 to 8,000 metre 2009 drill program that will focus on possible expansion of the high-grade gold zone and also to test an as yet undrilled 600 metre gap between an overlying hangingwall silver-rich horizon at the Homestake Main deposit and the Homestake Silver target, where, to date, only five holes have been drilled. Until additional drill information respecting the extent of the overall mineralization related to these critical geological features is determined from 2009 results, the company believes it to be premature, at this stage, to update the resource estimate on only a portion of the gold and silver zones defined to date.

About Homestake Ridge

The property consists of Mineral Title claims and Crown Grant claims in which a 100% interest was earned by Bravo from Teck Cominco and a private Optionor, respectively. There is a 2% NSR royalty in favour of Teck Cominco and on other portions of the located mineral claims there is a 2% NSR royalty in favour of the original Optionor. Bravo has the right to purchase 1% of the Teck Cominco royalty for $1 million and 1% of the original Optionor's royalty for $1 million. The Crown Granted mineral claims also are subject to a 2% NSR royalty.

In March 2007 Bravo announced an independent Inferred Resource estimate at the Main Homestake zone of 903,231 ounces of gold and 5,745,746 ounces of silver contained within 11.9 million tonnes with an average grade of 2.36 g/t Au and 15.0 g/t Ag using a cut-off grade of 0.5 g/t gold(1) (see NR-04-07). The deposit remains open down dip and along strike to the southeast and northwest. A long section showing the location of completed drill holes on the Homestake Main zone has been posted on the company's website

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.

On behalf of the Board of Directors

Joseph A. Kizis Jr., Director, President, Bravo Venture Group Inc.

For further information, please visit the company's website at

(1) An 'Inferred Mineral Resource' is that part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. Due to the uncertainty which may attach to Inferred Mineral Resources, it cannot be assumed that all or any part of an Inferred Mineral Resource will be upgraded to an Indicated or Measured Mineral Resource as a result of continued exploration. Confidence in the estimate is insufficient to allow the meaningful application of technical and economic parameters or to enable an evaluation of economic viability worthy of public disclosure. Inferred Mineral Resources must be excluded from estimates forming the basis of feasibility or other economic studies (43-101CP, CIM, 2001).

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.

Contact Information