Bravo Venture Group Inc.

Bravo Venture Group Inc.

April 07, 2009 14:58 ET

Bravo to Pay Advance Royalty Payment in Shares for Woewodski Island

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 7, 2009) - Bravo Venture Group (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today that the Company has agreed to issue 200,000 shares at a deemed price of US$0.375 per share to pay advance minimum royalty payments to the Optionor of the mineral claims owned by Bravo on Woewodski Island, Alaska. Bravo has fulfilled all obligations to earn title to the claims which are now owned by Bravo's subsidiary company subject to a continuing obligation to pay annual minimum royalty payments of US$50,000 which payments are to be set off against net smelter royalty payments to be made upon commencement of commercial production from the claims. The aggregate amount of the debt being settled is US$75,000. The shares for debt transaction is a Non Arm's Length Transaction, as the company and the creditor share a common director. This transaction is subject to Exchange approval.

At Woewodski Island, Bravo is planning a 2009 exploration program beginning in June/July 2009 consisting of two to three drill holes for approximately 1000 metres at an estimated cost of US$400,000.

The program is designed to test the basal portion of the East Lake "paleo-graben", where 3D IP geophysics and recent drilling suggest a radical re-interpretation of the published geological setting. The new geologic model interprets surface exposures and previous drill intercepts of VMS-style base and precious metals, hosted by the "mine argillite", as occurring along the northern and southern margins of an east-west-oriented paleo-graben; the center of that graben, where the thickest accumulations of massive sulfide are expected to occur, has not yet tested by drilling. The mineralization at East Lake is in the same package of Triassic-age rocks that host the Greens Creek mine (24Mt of 13.9% Zn, 5.1% Pb, 5.8g/t Au and 730g/t Ag)(1) in a very similar geologic setting.

About Bravo Venture Group Inc.

Bravo Venture Group Inc. has a mandate to identify, explore and develop potential world class mining projects within North America with a primary focus on precious metals.

In northwest British Columbia, Bravo is advancing its 100% owned Homestake Ridge project. Since 2003 cumulative expenditures equal $12.5 million in 120 diamond drill holes, Bravo has developed an inferred resource of 900,000 oz/gold and 5.7 million oz/silver. The deposit is open along strike and to depth. A multi-rig, 7,500 - 8,000 metre drill program of some 45 holes is planned for 2009.

In SE Alaska, Bravo is exploring a mineral-rich, 7 km x 11 km island just offshore from the town of Petersburg. Woewodski Island is a VMS gold/silver/copper project that will be tested further in June/July of 2009.

In Nevada, Bravo is a significant land holder in the prolific Battle-Mountain/Eureka trend with 13 projects encompassing 41 square miles. One project is joint-ventured to Barrick and other possible J/V's are being negotiated.

On behalf of the Board,

Lawrence Page, QC, Director and Chairman

(1) Global resource reported by Taylor in 1999. Greens Creek Mine, which during 2008 produced over 5.8 million ounces of silver, 54,000 ounces of gold, 52,000 tons of zinc and 16,000 tons of lead (2008 year-end reserves are approximately 8 million tons grading 13.7 opt Ag, 0.11 opt Ag, 10.5% Zn and 3.8% Pb. Source: Hecla Mining Company website).

We seek safe harbor.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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