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

Bravo Venture Group Inc.

March 02, 2007 09:00 ET

Bravo Reports 900,000 oz/Au Inferred Mineral Resource at Homestake

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 2, 2007) - Bravo Venture Group, Inc. (TSX VENTURE:BVG)(FRANKFURT:B6I) announced today results of an initial Inferred Mineral Resource(i) estimate for the Homestake Ridge Au-Ag deposit, located 30km southeast of Stewart and within the "Eskay Creek" region of northwestern British Columbia.

The company said it was extremely encouraged by the initial inferred resource of 903,231 ounces of gold and 5,745,746 ounces of silver (at a cut-off grade of 0.5 g/t Au). Cut-off grades of 3.0 g/t Au and 5.0 g/t Au are also reported in this early assessment of the potential of the Homestake Ridge Project.



Homestake Ridge Resource Summary:

-------------------------------------------------------------------------
Con- Con-
tained tained
Tonnes Gold Silver Copper Gold Silver
Cut off (in Grade Grade Grade (troy (troy
(g/t Au) Category thousands) (g/t) (g/t) (%) ounces) ounces)
-------------------------------------------------------------------------
0.5 Inferred 11,914 2.36 15.00 0.11 903,231 5,745,746
-------------------------------------------------------------------------
3.0 Inferred 2,302 7.53 31.00 0.27 557,366 2,294,905
-------------------------------------------------------------------------
5.0 inferred 1,265 10.61 38.30 0.37 431,685 1,558,004
-------------------------------------------------------------------------


The block model resource estimate incorporates data from 45 diamond drill holes, totaling 8,788 metres, derived from Bravo's 2003, 2005 and 2006 drilling programs. The model places all resources into the inferred category using a 100m search radius and a specific gravity of 2.7 mt/m(3). No cutting of high grade assays was used in the calculations; however, only 13 intervals contain values in excess of 30 g/t Au. The estimate, which outlines a preliminary gross tonnage and grade for the deposit, was prepared by David K Makepeace, P. Eng., an independent qualified person as defined by Canada's National Instrument 43-101.

Mineralization remains open both along strike and at depth with some of the thickest and highest grade intercepts returned from holes along the northwest margin of the deposit.

Bravo has commissioned an independent NI43-101 compliant technical evaluation of the property, which will include details of the resource estimate, from Peter Folk, P.Eng., and David K. Makepeace, P. Eng. The evaluation will form the basis for a multi-rig core drilling program in 2007 which is designed to extend the known mineralized zones, as well as to test the target stratigraphy in several high-priority areas elsewhere on the property. The report is expected to be completed by mid-March, 2007.

Bravo president, Joe Kizis, said "The number of gold ounces inferred at this early stage of exploration is extremely gratifying, especially as there is significant opportunity to expand the resource both down dip and along strike".

"We are planning an aggressive multi-rig drill campaign in 2007 that will focus on resource expansion and the testing of several recently defined on-strike targets within the same host stratigraphy", he noted.

Tables containing all reported drill intercepts, a plan map showing the locations and traces of drill holes, a longitudinal section, and a series of cross sections that show the mineralized intercepts reported to date can be found on the company's website. The link is www.bravoventuregroup.com.

Bravo has earned a 100% interest in the Homestake Ridge project, from Teck Cominco Limited ("Teck Cominco"), by expending $3,000,000 in exploration and issuing 200,000 shares and assuming the holding costs of the claims. Teck Cominco may re-acquire a 60% interest in the property by spending two hundred percent of Bravo's expenditures and can earn up to an additional 10% by sole funding a feasibility study and arranging production financing and construction guarantees.

The Crown Grant portion of the Homestake Ridge project consists of six claims and fractions, totaling 92 hectares that are surrounded by the property optioned from Teck Cominco. 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. Bravo has fulfilled all obligations to earn a 100% interest from Teck Cominco and fulfilled all obligations to earn a 100% interest in the Crown Grant claims with the exception of payment of the residual amount of $50,000 which is due on December 31, 2007.

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 Person 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.

(i) 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