Bravo Gold Corp (BVG)

[gsfl]

Bravo Options 600-Square-Kilometer Kinskuch Project in the Homestake Ridge District

Bravo Gold Corp (TSX.V - BVG) ("Bravo") reports today that it has acquired an option from a private vendor to acquire up to 100% interest in the 596-square-kilometre Kinskuch Project located adjacent to, and to the southeast of, Bravo's Homestake Ridge project in northern British Columbia. The Kinskuch Project contains over 37 documented precious- and base-metal mineral occurrences(1), many of which are hosted in the same rocks as those hosting the Homestake Ridge VMS/vein deposits, in addition to several occurrences exhibiting potential for copper and gold porphyry hosted mineralization.

Terms of the option include an initial payment to optionors of C$60,000 and a first-year work commitment of $750,000, which is currently proposed to include airborne geophysics, geologic mapping, sampling, and drilling. Bravo can earn an 85% interest by making Advanced Minimum Royalty payments totaling $580,000 and spending $3,000,000 in work on the property during the next four years. Bravo can purchase the remaining 15% interest by paying the Optionor $2,000,000 and granting a 2% NSR royalty, of which 1% may be purchased for $1,000,000.

President Joe Kizis commented "Our Homestake Ridge project is in a well-recognized precious metal-rich district where we believe many other deposits still remain to be discovered, so we are very pleased to acquire such prospective ground under reasonable terms. In addition, we shall soon receive our updated resource calculation for the Homestake Silver deposit from Roscoe Postle Associates Inc. on the basis of which our consulting mining engineer Mr. Sveinson will proceed with evaluating economic parameters for future production feasibility. Additional deposits which may be discovered in the adjacent Kinskuch holdings district would be accretive to the already defined resources that we have discovered to date at Homestake Ridge."

Initial exploration on the Kinskuch property will focus on two areas in the same geological setting as the Homestake Ridge deposits: the area bordering the access road from Bravo's logistical base in Alice Arm, where preliminary soil sampling returned gold values ranging to 660 ppb; and Illiance Valley, where multiple Ag-Au-Pb-Zn enriched mineral occurrences occur along a 8 kilometer long trend of felsic tuff and intrusive rocks. Selected chip and grab samples taken by Teck Cominco Ltd in 2001 at several occurrences along the Illiance River trend returned values of up to 3761g/t Ag , 7.6% Pb and 17.0%Zn (2) with several samples containing in excess of one gram per tonne gold. Limited soil sampling at the Gold Stream target by the Kinskuch optionor outlined a 300 metre x 900 metre gold-in-soil anomaly, the limits of which remain to be defined yet represents a potential drill target for the upcoming 2011 exploration program. Airborne geophysics will assist with geologic mapping and targeting in this area of very poor exposure.