Bravo Venture Group Inc.
TSX VENTURE : BVG

Bravo Venture Group Inc.

September 29, 2005 11:44 ET

Bravo Venture Group Inc.: Woewodski Exploration Program Yields High-Grade Gold Results

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 29, 2005) - Bravo Venture Group Inc. (TSX VENTURE:BVG) reported today that the company has completed its summer exploration program at its Woewodski Island Project in southeast Alaska. Highlights of the program, which investigated both the VMS and gold-vein potential of the property include: the identification of two significant gold trends along the southwestern margin of the island; exposing high-grade gold in narrow quartz veins in hand-dug trenches; re-focusing future VMS exploration based on detailed logging of previous drill holes and compilation of recent geophysics and historical geochemical results to define high-grade VMS targets in the East Lake basin. Bravo is seeking potential joint-venture partners to further explore both types of deposits at Woewodski.

Blue Quartz Gold Program

Vein quartz, often with a distinctive blue color, is widely dispersed throughout the southern and western parts of the island as rare outcrops near shoreline and as float in linear drainages extending inland. Mineralized trends are marked by anomalous gold in soils (20ppb to greater than 400ppb), gold in streams sediment (50ppb to greater than 300ppb), gold-rich float and rare outcrop samples.

High-grade quartz float in three separate occurrences extends for over 400 metres up Blue Quartz Creek. Follow-up hand-trenching at one of these sites (where float samples graded up to 69.5g/t Au) revealed two narrow quartz veins containing 0.1m of 124.0g/t Au and 0.15m of 17.8g/t Au. Wallrock between the veins contained 2.75m of 0.1g/t Au and a grab of wallrock adjacent to the northwest vein contained 0.5g/t Au. The southeastern margin of the zone is covered by gravels. Float samples grading from 8.98g/t Au to 154.0g/t Au are dispersed along a 35 metre section of the stream in the area of the trench. Soil sampling returned a high of 1.82g/t Au immediately over the occurrence, while more subdued anomalies (ranging from 45ppb to 53ppb Au) extend away from the occurrence and may reflect the trend of the veining. Follow-up exploration will include higher density grid-soil sampling; hand trenching at the main occurrences on the trend; and ground magnetic geophysics.

In the second prominent gold trend, anomalous quartz vein float occurs within a 40 metre x 250 metre gold-in-soil anomaly that extends much of the length of Hattie Creek. Surface outcrops and historic working were extensively sampled in this area, but returned generally sub-gram values. Higher grade gold is found in several float samples (up to 7.5g/t Au and 9.7g/t Au) and demonstrate the potential for significant gold mineralization in unrecognized and under-explored vein sets.

Greens-Creek-style VMS Program

Detailed re-logging of previous core holes suggests significant syngenetic extension and slumping within the mineralized sulphide horizons that can be related to seafloor collapse during basin development. Repetitions of mineralized horizons through syn-sedimentary processes may play a significant role in the formation of mineable VMS deposits such as the Green's Creek Deposit (24MMt of 13.9% Zn, 5.1% Pb, 5.8g/tAu and 730g/t Au), located 190 km to the north. This may explain in part, thick high-grade mineralization intersected in MD0401 (12 meters in three horizons with + 20% Zn+Pb and +250g/t Ag - see news release June 17, 2004).

All of the mineralized intercepts to date appear to compare most directly to occurrences in the Green's Creek footwall. However, the widespread distribution of rich mineral occurrences on Woewodski Island indicates that a very large hydrothermal system was active and capable of forming a large deposit of high-grade mineralization during a period of basinal quiescence. Future VMS exploration on the island will focus on the East Lake basin, where a graphitic argillite sequence with strong similarities to the distinctive "mine argillite" at Green's Creek, represents such a period of quiescence. Previous drilling in the East Lake area intersected highly anomalous Au- and Zn-rich mineralization (3.0 metres of 4.2g/t Au and 4.7% Zn and 2.0 metres of 2.0g/t Au and 3.28% Zn) and heavily disseminated to semi-massive pyritic horizons on the margins of a previously untested Ag-Pb-Zn +/- Au soil anomaly.

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.

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