Bravo Venture Group Inc.

Bravo Venture Group Inc.

March 17, 2008 18:43 ET

Bravo Venture Group Inc.: Woewodski Program Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 17, 2008) - Bravo Venture Group Inc. (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today the company has acquired 100% interest in the Woewodski Island VMS project in southeast Alaska following successful re-negotiation of certain terms in an underlying agreement with the vendors of the property. The company also reported results of the company's 2007 exploration program.

Bravo's ownership is subject to a 3% NSR royalty on all metals, of which 1% can be purchased for US$1MM any time prior to production and another 1% can be purchased at any time for US$1.5MM. The property would be subject to a total of 1% NSR if both reductions are purchased. No further cash payments are due, but there is a work commitment of US$250,000 in 2008.

The company reported that it completed detailed gravity and 3D IP geophysical surveys and two core holes totaling 432.6 metres at the East Lake target, where previous drilling encountered mineralized boulders of massive sphalerite (hole EL04-01) and several horizons of semi-massive pyrite and fine grained black to grey argillite. Both holes (WW07-034 and -035) contained +16m thick downhole intervals of anomalous Ag (greater than 1ppm) and Zn (greater than 0.1%) with associated anomalous, but less continuous, Ba and Au values, indicating that a long-lived and widespread plume of VMS-style mineralization was active during deposition of the sedimentary and volcaniclastic sequence.

Significantly, intervals of black argillite occur within the mineralized horizons and elsewhere throughout the stratigraphy of the East Lake basin which are interpreted as equivalent to the "Mine Argillite", which hosts Hecla's Greens Creek deposit (current reserves - Hecla Mining Company: 7.68 million tons grading 14opt Ag, 0.11opt Au, 10.4% Zn, and 4% Pb), located 145 kilometres to the north. The majority of the planned 2008 work program will consist of shallow "Winkie" core holes that will provide data for metal zoning and basin reconstruction within the "Mine Argillite" at Woewodski.

Much of the 2007 exploration program focused on several gold prospects along the western and southern margins of Woewodski Island where 33 relatively short core holes were drilled for a total of 2,541 metres. Drilling targeted gold-quartz veins which occur within broad, up to 10 metre thick, strongly carbonate altered shears. Quartz veins were intersected in many of these holes. Higher grade results include: 1.13 metres grading 4.0g/t Au, and 0.73 metres grading 7.2 g/t Au; however, the high gold grades obtained in surface samples were not obtained in drill core(1). No further work is planned on these veins at this time.

Woewodski Island

The VMS Woewodski Island Project includes 501 Federal claims and three State claims covering 3,260 hectares in southeast Alaska. This "deep-water, tide-water" accessible property is located approximately 30km SSW of Petersburg with multiple targets hosted within the same volcanic-sedimentary rocks that host the Green's Creek, Alaska and Windy Craggy, British Columbia VMS deposits.

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 and Silver Basin projects in British Columbia are gold-rich epithermal/VMS-related vein systems within Eskay Creek/Silbak-Premier stratigraphy.

(1) Downhole mineralized intervals are reported. True thicknesses of the horizons are estimated to be greater than 90% of the downhole thickness.

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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