Bravo Extends Main Homestake Zone Down-Dip and to the Southeast
1/5/2009 12:03:01 PM - Market Wire

VANCOUVER, BRITISH COLUMBIA, Jan 5, 2009 (Marketwire via COMTEX News Network) --

Bravo Venture Group Inc. (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today that new assays from the Main Homestake zone on its 100 percent owned Homestake Ridge project in NW British Columbia continue to extend mineralization both down dip and to the southeast of the main mineralized zone.

Significant intercepts include a 2.2 metre interval (estimated true thickness) grading 10.3g/t Au and 56.4g/t Ag including a 0.8 metre interval grading 21.4g/t Au from HR08-105 and a 2.7 metre interval grading 18.8g/t Au and 6.6g/t Ag from HR08-114. The mineralization in hole HR08-114 is an approximate 100 metre lateral offset to the southeast on the 900 metre level from drill hole HR06-26 (1.3m of 10.8g/t Au) which previously formed part of the southeast margin of the deposit. A silver-rich interval, sitting above the higher grade gold intercept returned 1.9 metres of 1.6g/t Au and 322.4g/t Ag. These results and highly anomalous silver values from the upper part of drill hole HR08-108 continue to demonstrate continuity within this part of the hangingwall silver horizon. A significant portion of the Main Homestake zone remains open to the southeast for future drill testing.

The company also reported that assays from drill hole HR08-116 returned a 5.5 metre interval averaging 5.4g/t Au and 3.8g/t Ag which includes a 1.6 metre interval averaging 11.5g/t Au. Hole HR08-116 is an approximate 30 metre lateral offset down dip and to the southeast of the previously reported drill hole HR06-27 (4.85m of 25.3g/t Au) and continues to demonstrate continuity of mineralization.

Table I: Summaries of New Assays from the Homestake Ridge Project

---------------------------------------------------------------------------
                                                          Est.
                Collar Data                              True
           --------------------                  Inter- Thick-
              AZ    DIP   Depth    From      To    val   ness     Au     Ag
Hole No.     Deg    Deg      (m)      m       m      m      m    g/t    g/t
---------------------------------------------------------------------------
HR08-105   258.9  -64.0   221.6   122.6   136.0   13.5    9.6    3.0   14.5
 inc.                             131.8   134.9    3.1    2.2   10.3   56.4
 and                              133.8   134.9    1.1    0.8   21.4  144.0
 and                              160.3   168.3    8.0    5.7    0.7    3.2
---------------------------------------------------------------------------
HR08-108   209.9  -53.0   297.8   48.47   51.48   3.01   2.86   0.34  49.34
---------------------------------------------------------------------------
HR08-114   190.9  -57.0   273.4    45.8    56.3   10.5    9.3    0.5  111.7
 inc.                              52.9    55.1    2.2    1.9    1.6  322.4
 and                              128.8   131.8    3.0    2.7   18.8    6.6
 inc.                             128.8   129.8    1.0    0.9   55.0   12.5
---------------------------------------------------------------------------
HR08-116   243.9  -65.0   328.3   187.0   193.3    6.3    5.5    5.4    3.8
 inc.                             191.5   193.3    1.8    1.6   11.5    2.5
---------------------------------------------------------------------------

Analyzed by FA-ES / ICP by Acme Analytical Labs, Vancouver, BC; Samples
greater than 34g/t Au re-assayed with FA-Grav - check assays are pending;
Silver overlimits (greater than 100g/t Ag) re-assayed with FA-Grav.

Bravo reports that assays have now been received from 32 of 35 drill holes from the Main Homestake zone. Additional assays are pending from the remaining three drill holes at the Main Homestake zone, one of three drillholes from the Homestake Silver zone and two holes each from the Vanguard Gold and Vanguard Copper zones.

About Homestake Ridge

The property consists of Mineral Title claims and Crown Grant claims in which a 100% interest was earned by Bravo from Teck Cominco and a private Optionor, respectively. There is a 2% NSR royalty in favour of Teck Cominco and on other portions of the located mineral claims there is a 2% NSR royalty in favour of the original Optionor. Bravo has the right to purchase 1% of the Teck Cominco royalty for $1 million and 1% of the original Optionor's royalty for $1 million. The Crown Granted mineral claims also are subject to a 2% NSR royalty.

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 2.36g/t Au and 15.0g/t Ag using a cut-off grade of 0.5g/t gold (see NR-04-07). (1) The deposit remains open down dip and along strike to the southeast and northwest. A long section showing the location of completed drill holes on the Homestake Main zone has been posted on the company's website www.bravoventuregroup.com.

About Bravo Venture Group Inc.

Bravo Venture Group Inc. is focused on exploring precious and base metal-rich projects within North America, currently with properties in Nevada, Alaska, and British Columbia. The company has extensive holdings strategically located within the Battle Mountain/Eureka "Cortez" gold trend in Nevada. The Woewodski Island project in southeast Alaska hosts both precious and base metal-rich massive sulphides and gold-rich orogenic quartz veins. The Homestake Ridge project is a gold-rich epithermal/VMS-related vein system within Eskay Creek/Silbak-Premier stratigraphy.

Rob Macdonald (P.Geo.) is the Qualified Person responsible for reviewing the technical results reported in this release.

On behalf of the Board of Directors

Joseph A. Kizis Jr., Director, President, Bravo Venture Group Inc.

(1) An 'Inferred Mineral Resource' is that part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. Due to the uncertainty which may attach to Inferred Mineral Resources, it cannot be assumed that all or any part of an Inferred Mineral Resource will be upgraded to an Indicated or Measured Mineral Resource as a result of continued exploration. Confidence in the estimate is insufficient to allow the meaningful application of technical and economic parameters or to enable an evaluation of economic viability worthy of public disclosure. Inferred Mineral Resources must be excluded from estimates forming the basis of feasibility or other economic studies (43-101CP, CIM, 2001).

We seek safe harbor.

SOURCE: Bravo Venture Group Inc.

Bravo Venture Group Inc. Jay Oness 1-888-456-1112 or (604) 684-9384 Email: corpdev@mnxltd.com Website: www.bravoventuregroup.com

Copyright (C) 2009 Marketwire. All rights reserved.