Definitive Agreement To Option Baxter Au/Ag Property

VANCOUVER - Bravada Gold Corporation has entered into a definitive agreement with Endeavour Silver Corp., granting Endeavour the option to earn an 85% interest in the Baxter gold and silver property, located directly north of Endeavour's Bruner project in Nevada's Walker Lane Gold trend. Baxter consists of 114 unpatented lode claims (approximately 920 hectares).

Pursuant to the Definitive Agreement, Endeavour has the right to explore and the option to earn an 85% interest in Baxter by, among other things, incurring exploration and development expenditures on Baxter over a five-year period from the effective date of the Definitive Agreement.

Upon completion of the Exploration Expenditures and payment of all of the Option Payments, Endeavour shall have exercised the Option and Endeavour and Bravada will form an 85/15 joint venture, with Bravada carried to production with payback of Bravada's carried portion from the Company's share of net income from the sale of all minerals produced from Baxter.

Extensive low-sulfidation-type gold and silver mineralization is exposed at surface and in reverse-circulation holes drilled by Bravada and others on several target areas within Baxter. Additional mineralization may lie beneath a relatively thin veneer of gravel and post-mineral volcanics in portions of the property. Drilling at the Sinter target has outlined near-surface gold mineralization that is open along strike and at depth. The best hole to date at Sinter is BAX16-13 (previously reported), which returned 0.88 grams of gold per ton (g/t) from 32 to 64 metres (m) depth, including 6.1m of 2.2g/t gold. Approximately 300m along strike is a single hole, BAX17-07 (previously reported), which returned a 9.1m interval beginning at 198.6m depth of 1.38g/t Au, including 3.0m of 3.7g/t Au. The intercept in hole BAX17-07 is untested up- and down-dip, and the intervening ground to BAX16-13 is undrilled and covered by shallow alluvium. Exploration plans include detailed mapping, soil sampling and a geophysical survey that will be used to develop drill targets.

President Joe Kizis commented, "Endeavour Silver is a growing, successful mining company that owns the Bruner gold property, which is adjacent to Baxter and hosts similar gold mineralization. Bruner was historically mined and has unmined historic gold resources. Potentially high-margin, shallow oxidized gold from the Sinter Target at Baxter should be an attractive addition to a previously modeled historic heap-leach site on the Bruner property that is directly south of Baxter's claim boundary."