Bravo Venture issues shares for advance royalty

Bravo Venture issues shares for advance royalty

Tuesday May 12 2009 - News Release
Mr. Jay Oness reports

BRAVO RECEIVES EXCHANGE APPROVAL TO PAY ADVANCE ROYALTY PAYMENT IN SHARES FOR WOEWODSKI ISLAND

Bravo Venture Group Inc. has received TSX Venture Exchange approval to issue 200,000 shares at a deemed price of 37.5 U.S. cents per share to pay advance minimum royalty payments to the optionor of the mineral claims owned by Bravo on Woewodski Island, Alaska. Bravo has fulfilled all obligations to earn title to the claims which are now owned by Bravo's subsidiary company subject to a continuing obligation to pay annual minimum royalty payments of US$50,000 which payments are to be set off against net smelter royalty payments to be made upon commencement of commercial production from the claims. The aggregate amount of the debt being settled is US$75,000. The shares for debt transaction is a Non Arm's Length Transaction, as the company and the creditor share a common director. All future advance royalty payments will be made in cash.

At Woewodski Island, Bravo is planning a 2009 exploration program beginning in June/July 2009 consisting of two to three drill holes for approximately 1000 metres at an estimated cost of US$400,000.

The program is designed to test an area of the East Lake "paleo-graben", where 3D IP geophysics and recent drilling suggest a radical re-interpretation of the published geological setting. The new geologic model interprets surface exposures and previous drill intercepts of VMS-style base and precious metals, hosted by "mine argillite", as occurring along the northern and southern margins of an east-west-oriented paleo-graben; the center of that graben, where the thickest accumulations of massive sulfide are expected to occur, has not yet tested by drilling. The mineralization at East Lake is in the same package of Triassic-age rocks that host the Greens Creek mine (24Mt of 13.9% Zn, 5.1% Pb, 5.8 g/t Au and 730 g/t Ag)(1) in a very similar geologic setting.

(1) Global resource reported by Taylor et. al. in 1999. Greens Creek Mine, which during 2008 produced over 5.8 million ounces of silver, 54,000 ounces of gold, 52,000 tons of zinc and 16,000 tons of lead (2008 year-end reserves are approximately 8 million tons grading 13.7 opt Ag, 0.11 opt Ag, 10.5% Zn and 3.8% Pb. Source: Hecla Mining Company website).

Bravo Venture Group Inc (C:BVG)
Shares Issued 97,957,334
Last Close 5/11/2009 $0.28


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