Bravo Venture Group Inc.

Bravo Venture Group Inc.

July 15, 2008 12:54 ET

Bravo Starts Drilling on Homestake Ridge

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 15, 2008) - Bravo Venture Group Inc. ("Bravo") (TSX VENTURE:BVG) (FRANKFURT:B6I) reported today that drilling has started at its wholly owned Homestake Ridge Au-Ag-Cu deposit, located 32km southeast of Stewart within the "Eskay Creek" region of northwestern British Columbia.

Two core rigs have mobilized to the property and are initially targeting the Main Homestake Zone. Bravo anticipates that up to 15 drill holes will test extensions of this zone to demonstrate the continuity of higher grade mineralization throughout the deposit and to explore for possible bonanza-grade feeder faults beneath the known stratabound mineralization.

The first rig is currently drilling one of two core holes that will test a 50m strike length of quartz-sericite-pyrite mineralization exposed at surface on the northwestern margin of the deposit. These holes are designed to test the undrilled region between the surface mineralization and hole HR06-50, which was collared about 75m below the two 2008 holes along the same mineralized horizon. Previously reported mineralized intercepts from hole HR06-50 include a 4.96 metre interval grading 14.3g/t Au and 39.2g/t Ag within a 45.29 metre intercept grading 2.6g/t Au.

The second core rig is being set-up and should start drilling within the next 24 hours. This rig will target slightly deeper offsets of the mineralized horizon along the northwestern margin of the deposit and will include down-dip and northwestern offsets of holes HR06-30, -24 and -43. Previously reported intercepts include a 66.75 metre interval grading 2.4g/t Au from hole HR06-30, including 4.55 metres grading 10.4g/t Au and 13.7g/t Ag; and a 10.21 metre interval grading 20.3g/t Au and 123.5g/t Ag from hole HR06-24. All mineralized intervals are quoted as estimated true thickness. Initial drilling from this set-up will test targets within 200 metres of surface.

Bravo plans an aggressive $3.5 million drilling program consisting of approximately 7,500 metres in up to 30 drill holes. In addition to the Main Homestake zone, other targets have been identified along the equivalent stratigraphic horizon for over 3,000 metres of strike length and highlight the district-scale mineral potential of the property. The Homestake Silver zone and the Vanguard Gold zone each returned encouraging results from initial drilling during 2007 and both will be further tested with a third drill rig starting in early August. Several other attractive targets have been identified throughout the property, including the Vanguard Copper zone, where historical sampling returned high-grade copper and silver values from surface exposures in altered volcanic rock. An initial drill test of this zone is planned during the 2008 season.

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.

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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