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

Bravo Venture Group Inc.

September 24, 2007 09:01 ET

Encouraging Early Results from Bravo's Homestake Ridge; Third Rig On-site, Fourth Rig Scheduled

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 24, 2007) - Bravo Venture Group Inc. (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today encouraging preliminary assay results from the Homestake Ridge project located 32km southeast of Stewart, within the "Eskay Creek" region of northwestern British Columbia.

The company has received fire assay-gold analyses from the upper portion of the mineralized zone in the first hole drilled (HR07-51) as part of the 2007 exploration program. Partial results from hole HR07-51 included a 32.78 metre interval grading 1.8 g/t Au, which includes a 5.06 metre interval grading 5.61 g/t Au. These results represent sampling from only the upper 158 metres of the target horizon. Locally strong silicification and sulphide mineralization continues for an additional 80 metres to the end of the hole. Results of sampling from this 80 metre interval will be released when assays are received. ICP and check assays for all of this hole are pending. The mineralized intervals are quoted using estimated down-hole thickness.

Drill hole HR07-51 represents an approximately 60 metre step-out from previously reported hole HR06-41 and is the first of six drill holes (now completed) designed to test a 200 metre strike-extension of the deposit at depth. The width and the style of mineralization encountered in this hole is considered encouraging as the company continues to extend the dimensions of the "siliceous zone" identified in the 2006 drilling program.

As part of its 2007 property wide exploration program, Bravo has now completed 17 core holes for 4,900 metres of an anticipated 9,000 metre program. A third core rig has been added to the project and has started drilling a planned series of holes located more than 250 metres on-strike to the northwest of the 2006 drilling. A fourth drill rig is scheduled to arrive at the project in early October.

The company states that drilling on the Homestake deposit has now tested a 500 metre strike-length of the mineralized zone to depths of over 600 metres. The deposit remains open both down-dip and along strike to the southeast and northwest. An updated long section showing the location of completed and planned holes has been posted on the company's website, www.bravoventuregroup.com.

Bravo earned a 100% interest in the Homestake Ridge mineral claims from Teck Cominco Limited ("Teck Cominco") in June 2003 by issuing 200,000 shares to Teck Cominco and spending in excess of $3.0 million on exploration and development work on the claims. Upon Bravo providing notice that it has spent a minimum of $5.0 million (to a maximum of $8.0 million) on exploration and development work, Teck Cominco may elect to back-in by the later of December 31, 2007 or the date which is ninety days after receiving the expenditure notice from Bravo at which time Teck Cominco can elect to earn a 60% interest by expending 200% of Bravo's expenditures, in scheduled yearly increments at a minimum annual expenditure of 20%, on continued exploration and development work on the mineral claims. Teck Cominco can also earn up to an additional 10% by sole funding a feasibility study and arranging production financing and construction guarantees.

In March 2007, Bravo announced 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 (see NR-04-07)(1). The deposit remains open both along strike and at depth, with some of the thickest and highest grade intercepts returned from holes along the northwest margin of the deposit.

Woewodski Island

Exploration continues on the Woewodski Island project where 2,400 metres of drilling have been completed in 32 short core drill holes. To date, drilling has focused on the Matt's Trench and the Miami Beach showings along the Blue Quartz trend and several occurrences along the Red Quartz trend. Drilling has now started on the first of two planned drill holes on IP geophysical targets in the East Lake, VMS prospect. Assays from this program are pending.

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 Woewodski Island project in southeast Alaska hosts both precious and base metal-rich massive sulphides and gold-rich orogenic quartz veins. The Homestake Ridge project 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 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).

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. We seek safe harbor.

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