Bravo Venture Group Inc.
TSX VENTURE : BVG

Bravo Venture Group Inc.

June 13, 2005 09:00 ET

Placer Dome U.S. Inc. Signs on for Fourth Bravo Project in the South Battle Mountain/Eureka Trend

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 13, 2005) - Bravo Venture Group Inc. (TSX VENTURE:BVG) reported today that the company has reached an agreement with Placer Dome U.S. Inc. ("Placer Dome"), a wholly-owned subsidiary of Place Dome Inc., whereby Placer Dome will fund preliminary exploration and development on a fourth of Bravo's ten projects within Nevada's Battle Mountain-Eureka trend.

The new agreement covers the 139-claim Pete Hanson project, which is located approximately two kilometers east of the Tonkin Springs deposits (0.65 MM ozs Au). Although much of the area is gravel covered, lower plate rocks and jasperoids crop out locally. Favourable stratigraphy coincides with a set of cross-cutting lineaments highly prospective for gold mineralization, as evidenced by the nearby Tonkin Springs,Gold Bar, and Gold Pick cluster of mines.

Since acquiring the property in February 2004, Bravo has completed early stage exploration that has identified the possibility of dissolution breccia-type as well as traditional Carlin-type mineralization hosted by Devonian and Silurian carbonates.

Favourable formations either exposed or projected to underlie portions of the claim block include the Upper Devils Gate, the Upper Denay, the McColley Canyon and the Roberts Mountains Formations.

Under the terms of the agreement, Placer Dome will pay Bravo US$35,000 on signing and annual payments for up to five years or until US$1.0 million has been expended on the property. Once US$1.0 million has been spent, Placer Dome will earn a 51% interest and can elect to earn an additional 19% by funding through to a bankable feasibility study. The exploration and development agreement carries a term of up to five years with cash payments annually escalating by US$5,000.

In October 2004, Bravo and Placer Dome announced a similar exploration and development agreement on Bravo's Three Bar, South Gold Bar and South Lone Mountain claims blocks. The latter project, originally 105 claims, was greatly expanded in February 2005 after analyses of oil well cuttings identified a 120-foot thick interval of gold bearing Roberts Mountains Formation. (see news releases of February 15, 2005 and March 4, 2005)

On behalf of the Board of Directors

Joseph A. Kizis Jr., Director, President

Bravo Venture Group Inc.

Statements contained in this news release that are not historical facts are forward-looking statements as the term is defined in the private securities litigation reform act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Bravo Venture Group relies upon litigation protection for forward looking statements.


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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