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

Bravo Venture Group Inc.

June 20, 2008 16:48 ET

Bravo Venture Group Inc.: Financing Revised

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 20, 2008) - Bravo Venture Group Inc. (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today that the company has cancelled the previously announced private placement (NR-07-08) and has now arranged for a restructuring whereby the company has agreed to issue 3.0 million common shares in a non-brokered flow-through private placement at a price of $0.35 per common share to raise $1.05 million. The financing is scheduled to close by June 30/08. The proceeds from the "flow-through" common shares offering will be applied to the +7,500 metre, multi-rig 2008 drill program at the Homestake Ridge project in NW British Columbia.

The private placement and finders fees are subject to regulatory approval.

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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