Technical Report Significantly Increasing Wind Mountain Project In-pit Au-Ag Resource

VANCOUVER – Bravada Gold Corporation has filed a technical report prepared in accordance with Canadian Securities Administrators’ National Instrument 43-101 (NI 43-101). Indicated Resources increased by 15% for gold and 20% for silver. Inferred Resources increased by 292% for gold and 490% for silver. The large percentage increase is in part due to much of the overlying low-grade gold and silver mineralization that was in 2022 considered waste now being considered profitable to mine and leach. Strip ratio of waste to mineralization decreased from 0.58:1 to 0.36:1. Potential mine life of the In-pit Resource for a mining operation similar to that modeled as Phase I in the 2022 PEA increased from 4.2 years to over 10 years.

In addition to the updated Pit-constrained Resource, other potential resources might be developed with additional drilling at the North End target, the South End target, and within historic leach pads and waste rock piles, where the Company has identified potentially recoverable gold and silver.

President, Joe Kizis, said, “Bravada’s 2022 Preliminary Economic Assessment (“PEA”) demonstrated favorable economics for an open-pit mining operation utilizing a small heap-leach pad site directly downhill from the Breeze Open Pit. With increased prices in precious metal prices and additional leach pad sites now identified, the current Report indicates potential for significantly extending mine life to over 10 years. The Company’s updating of the In-pit Resource and ultimate advancement of Wind Mountain through the PFS stage are important steps in Wind Mountain’s development.”