Bravo Venture Group Inc.

Bravo Venture Group Inc.

July 27, 2009 14:15 ET

Bravo Venture Group Inc.: Drilling Underway at Homestake Ridge

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 27, 2009) - Bravo Venture Group Inc. ("Bravo") (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today that crew mobilization has been completed and drilling has begun at the Homestake Ridge project in northwest British Columbia. The company also reported that a 630 line-kilometre AeroTEM III airborne geophysical survey of the property is nearly complete and mapping crews have started surface follow-up on the newly identified geophysical targets and trends.

Bravo reported that one drill has started testing the vertical and lateral extensions of high-grade mineralization encountered in drill hole HR08-87 (52.5 metres grading 21.0 g/t Au and 11.6 g/t Ag including 7.7 metres of 181.6 g/t Au) to explore for possible bonanza-grade feeder faults beneath the known stratabound mineralization. A second drill is testing the extensions of known intercepts of mineralization to the NW of the Main Homestake zone.

The company said that the airborne survey of the property is 85% complete. The survey, flown on 50 metre line spacing, will provide detailed magnetic, EM and radiometric information on the property and will be used to identify trends and offsets of the main mineralized trends and other targets on the property.

Bravo plans an aggressive +$5.0 million drilling program consisting of approximately 8,500 metres in up to 40 drill holes. Bravo anticipates an approximate 70-day field season, which should conclude in October.

About Bravo Venture Group Inc.

Bravo's exploration activities are focused within North America, specifically in N.W. British Columbia, Nevada, and S.E. Alaska. The VMS/Epithermal gold/silver Homestake Ridge project in British Columbia is advancing with excellent drill results and a NI43-101 compliant technical evaluation which reported an inferred resource 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). The Woewodski Island prospect in S.E. Alaska is a precious-metal rich VMS target, which lies within a mineralized trend that hosts both the Greens Creek and Windy Craggy VMS deposits. The company also has a substantial land package consisting of twelve properties located in the Battle Mountain/Eureka trend, Nevada.

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.

(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.

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