Drilling Expands The Homestake Silver Deposit 

VANCOUVER, BC - Bravo Gold Corp. reported new assays from drilling that expands the Homestake Silver deposit at its 100% owned Homestake Ridge project, located in northwestern British Columbia. Drilling intersected multiple zones of strongly silver-enriched mineralization, which contain several high-grade intervals.

These newly reported holes tested an area down-dip of a previously reported 2011 drill intercept from HR11-228, which contains 4.0m of 1024g/t Ag and 3.7g/t Au see NR-12-11. The new holes extend the deposit to depths of approximately 500 metres below surface. In addition, drill hole HR11-237 tested an area up-dip from earlier drilling and identified several thick intervals of strongly silver-enriched mineralization.

A gold equivalent calculation is provided for reference because a majority of the resources at the Homestake Project are strongly gold enriched, with only certain portions of the deposit being strongly enriched with silver. Metallurgical and preliminary engineering work continues to treat the gold and silver resources separately.

A drilling program to delineate the new high-grade South Reef deposit is being formulated as a major focus of the 2012 program at the Homestake Ridge Project.