Bravo Venture Group Inc.

Bravo Venture Group Inc.

June 12, 2007 16:21 ET

Bravo Venture Group Inc.: Woewodski Program Commences

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 12, 2007) - Bravo Venture Group Inc. (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today that Bravo's 2007 exploration program has commenced at Woewodski Island in southeast Alaska. The company said final permits have been issued, exploration crews are on site and diamond drill equipment is en route for a planned 2,400 metre drill program.

The 2007 exploration program is targeting gold prospects along the western and southern margins of Woewodski Island and VMS targets in the central and southern portions of the island. In addition to drill testing on three main target areas, the company plans surface geophysical surveys, surface sampling and mapping on multiple gold and massive sulphide occurrences throughout the 11km x 7km island. Surface gravity geophysics over the East Lake target already has been completed and an initial phase of surface soil and rock chip sampling in the southern part of the island has identified a previously unrecognized epithermal occurrence to the south of the Red Quartz target area.

Blue Quartz Targets

Two prospects along the 400 metre long Blue Quartz trend have been targeted for immediate shallow drill testing. Up to 600 metres of drilling is anticipated on the Matt's Trench prospect where values of up to 542g/t (14.3oz/t) were returned from float and rubble outcrop samples (see NR-20-06). An additional 600 metres of drilling is scheduled to test the Miami Beach prospect where large volume chip and channel samples (10 to 20 kg) of several individual veins returned values from 2.7g/t to 9.1g/t Au and select chip samples up to 49.5g/t Au.

Surface exploration will continue on the nearby Krause's and Virginia gold-quartz vein occurrences in anticipation of drill testing, if warranted, later in the program.

Red Quartz Zone

Surface work on the Red Quartz target continues to highlight the potential of this zone which can now be traced via a series of discontinuous exposures for up to 500 metres strike length. Previous sampling by Bravo has identified greater than 1g/t Au (up to 3.8g/t Au) in 13 of 30 select chip samples with strongly-enriched silver values (from 17.8 to 91.3g/t Ag) in eight of these samples. In addition, Au assay results from recent sampling have identified a new epithermal gold-vein occurrence located approximately 500m to the south of the Red Quartz trend. The initial four rock chip samples have returned values from 0.9g/t to 5.6g/t Au. ICP results, including Ag assays, are still pending. Follow-up sampling and trenching will continue to define size and extent of this second gold-bearing epithermal occurrence.

Gold mineralization at Red Quartz has a strong association with elevated Ag, As and Sb values, which is in sharp contrast to the relatively low values of silver and pathfinder elements typically associated with gold mineralization in the blue quartz veins. The recent identification of quartz-after-calcite, and druzy and banded quartz provide textural evidence of boiling within an epithermal environment. Up to 600 metres of drill testing is anticipated on this target as part of the 2007 exploration program. Surface sampling and mapping will continue in order to refine additional drill targets along the full 500 metre strike length.

East Lake VMS

A surface gravity geophysics program on the East Lake VMS prospect, located in the central part of the island also has just been completed and up to 10 line-kilometers of detailed IP geophysics has been scheduled for the latter part of June. Previous exploration on the prospect has identified well-preserved Late Triassic volcanic and sedimentary stratigraphy and a series of strong east west-trending EM conductors within the East Lake basin. Argillitic rocks hosting broad intervals of base-metal and precious-metal enriched iron sulphides occur both on surface and in drill intercepts with grades up to 3.3m of 4.2g/t Au and 4.68% Zn identified in historic (non-compliant NI43-101) drilling. Up to 800 metres of drilling is anticipated as follow-up to the geophysical targeting.

Woewodski Island

The Woewodski Island Project is comprised of 501 Federal claims and three State claims covering 3260 hectares in southeast Alaska in which Bravo may acquire a 100% interest. This "deep-water, tide-water" accessible property is located approximately 30km SSW of Petersburg Alaska and includes over 13 syngenetic VMS and gold-quartz vein targets all hosted within the same volcanic-sedimentary rocks that host the Green's Creek, Alaska and Windy Craggy, British Columbia VMS deposits and orogenic gold quartz veins at the Kensington Mine near Juneau, Alaska.

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 Homestake Ridge project in British Columbia 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 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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