Bravo Venture Group Inc.

Bravo Venture Group Inc.

November 12, 2008 16:48 ET

Offset to Hole 87 Delivers 62.3 Metres of 6.1g/t Au Including 8.5 Metres of 30.3g/t Au at Bravo's Homestake Ridge Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 12, 2008) - Bravo Venture Group Inc. (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today that a thick, high-grade gold intercept was returned from a drill hole offsetting hole HR08-87 on its 100 percent owned Homestake Ridge project in NW British Columbia. The company reported that assays from drill hole HR08-118 include a 62.3 metre intercept (estimated true thickness) averaging 6.1g/t Au with a high-grade 8.5 metre intercept averaging 30.3g/t Au and a second 4.9 metre high-grade intercept averaging 13.4g/t Au and 41.9g/t Ag from the upper part of the mineralized intercept.

The deeper high-grade intercept represents an approximate 25 metre lateral offset to the northeast from high-grade mineralization previously reported from drill hole HR08-87 (52 metres averaging 21.0g/t Au; see NR-22-08) and forms a bench that, along with the HR08-87 interval, projects into an untested region of the deposit. This untested region measures 75 metres to the southeast toward drill hole HR05-17 (7.6 metres averaging 10.6g/t Au) and 50 metres to the northeast toward hole HR06-23 (51.9 metres averaging 0.51g/t Au).

The company also reported on drill hole HR08-117 which returned 15.2 metres averaging 1.36g/t Au, further demonstrating the lateral continuity of this near-surface mineralized zone. Hole HR08-117 intersected a bench of mineralization that is up-thrown, relative to mineralization in holes HR08-87 and HR08-118, along a paleo-fault that appears to be an important control of high-grade mineralization. If so, high-grade mineralization may lie farther to the northeast of hole HR08-117 and the paleo-fault.

President Joe Kizis commented, "Our geologic modeling at Homestake continues to be confirmed and refined, providing us with increasingly better predictive ability. The ability to predict and test this important high-grade, locally multi-ounce, gold-mineralized feature will be extremely important as this mineralization can dramatically affect the economics of the deposit by reducing the pay-back of capital investment and increasing overall profitability. The location of the high-grade mineralization being relatively shallow in the deposit is a further economic bonus."

Table I: Summaries of Selected New Assays from the Homestake Ridge Project

Collar Data
----------------------- Inter- Est. True
AZ DIP Depth From To val Thickness Au Ag
Hole No. Deg (UTM N) Deg (m) m m m m g/t g/t
HR08-117 194.9 -55.0 178.9 38.7 54.5 15.8 15.2 1.4 pending
and 63.6 84.3 20.7 19.9 0.5 2.5
HR08-118 170.9 -60.0 182.0 31.8 32.6 0.9 0.7 6.1 8.2
and 46.0 119.3 73.3 62.5 6.1 11.3
inc. 54.5 60.2 5.8 4.9 13.4 41.9
and 109.2 119.3 10.1 8.6 30.3 23.1
inc. 114.9 118.1 3.3 2.8 84.8 61.0

Analyzed by FA-ES / ICP by Acme Analytical Labs, Vancouver BC; Samples
greater than 34g/t Au re-assayed with FA-Grav - check assays are pending;
Silver overlimits (greater than 100g/t Ag) re-assayed with FA-Grav.

About Homestake Ridge

The property consists of Mineral Title claims and Crown Grant claims in which a 100% interest was earned by Bravo from Teck Cominco and a private Optionor, respectively. There is a 2% NSR royalty in favour of Teck Cominco and on other portions of the located mineral claims there is a 2% NSR royalty in favour of the original Optionor. Bravo has the right to purchase 1% of the Teck Cominco royalty for $1 million and 1% of the original Optionor's royalty for $1 million. The Crown Granted mineral claims also are subject to a 2% NSR royalty.

In March 2007 Bravo announced an Inferred Resource estimate at the Main Homestake zone 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 down dip and along strike to the southeast and northwest. A long section showing the location of completed drill holes on the Homestake Main zone has been posted on the company's website

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.

For further information, please visit the company's website at

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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