$3 Million Exploration Program On Homestake Ridge

VANCOUVER, BC - Bravo Venture Group Inc. reported that Teck Cominco Limited ("Teck Cominco") has not delivered to Bravo a notice exercising its Back In right to earn a 60% interest in the Property and the period of time to do so has expired. Bravo accordingly retains a 100% interest in the Property, subject to royalties as set out below.
Bravo's President Joseph Kizis said, "The fact that we now hold a 100% interest, with no back in rights to third parties, affords us the opportunity to aggressively explore and develop the Homestake Ridge Property to its full potential, including the ability to secure senior financing on commercial terms as may be needed to further develop the Property. Bravo has on hand sufficient capital to fund the commencement of the 2008 exploration program scheduled to begin in July 2008."
The Homestake Ridge project, located 32 km southeast of Stewart, B.C., consists of Mineral Title and Crown Grant claims totaling 2,725 ha. In the 2008 exploration season Bravo plans an aggressive drilling program of approximately 7,500 metres designed to further expand and evaluate the existing resource and to develop resources at several exploration areas discussed below.
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. (1) Drilling through 2007 has tested a 600 metre strike length of the mineralized horizon to depths of over 600 metres. The deposit remains open down dip and along strike to the southeast and northwest.
Drilling in 2008 will test extensions of the deposit, particularly to the northwest. Several holes will also explore for possible bonanza-grade feeder faults beneath the known stratabound mineralization.
In addition to the Main Homestake zone, additional targets have been identified along the mineralized horizon for over 3,000 metres of strike length. Two such targets, the Homestake Silver and Vanguard Gold zones, returned encouraging results from initial drilling during 2007 and will be further tested by drilling in 2008.
The company's address is Suite 1100, 1199 West Hastings Street, Vancouver, BC V6E 3T5, 604.684.9384, fax: 604.688.4670.