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Bravo Announces a $3 Million 2008 Exploration Program on Its Homestake Ridge Property

VANCOUVER, BRITISH COLUMBIA, Apr 3, 2008 -- Bravo Venture Group Inc. ("Bravo") (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today that Teck Cominco Limited ("Teck Cominco") has not delivered to Bravo a notice exercising its Back In right to earn a 60% interest in the Property and the period of time to do so has expired. Bravo accordingly retains a 100% interest in the Property, subject to royalties as set out below.

Bravo's President Joseph Kizis said, "The fact that we now hold a 100% interest, with no back in rights to third parties, affords us the opportunity to aggressively explore and develop the Homestake Ridge Property to its full potential, including the ability to secure senior financing on commercial terms as may be needed to further develop the Property. Bravo has on hand sufficient capital to fund the commencement of the 2008 exploration program scheduled to begin in July 2008."

The Homestake Ridge project, located 32 km southeast of Stewart, B.C., consists of Mineral Title and Crown Grant claims totaling 2,725 ha. In the 2008 exploration season Bravo plans an aggressive drilling program of approximately 7,500 metres designed to further expand and evaluate the existing resource and to develop resources at several exploration areas discussed below.

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 2.36 g/t Au and 15.0 g/t Ag using a cut-off grade of 0.5 g/t gold (see NR-04-07). (1) Drilling through 2007 has tested a 600 metre strike length of the mineralized horizon to depths of over 600 metres. The deposit remains open down dip and along strike to the southeast and northwest. A long section showing the location of completed drill holes has been posted on the company's website www.bravoventuregroup.com.

Drilling in 2008 will test extensions of the deposit, particularly to the northwest. Several holes will also explore for possible bonanza-grade feeder faults beneath the known stratabound mineralization.

In addition to the Main Homestake zone, additional targets have been identified along the mineralized horizon for over 3,000 metres of strike length. Two such targets, the Homestake Silver and Vanguard Gold zones, returned encouraging results from initial drilling during 2007 and will be further tested by drilling in 2008.

At the Vanguard Gold zone, located 2,200 metres to the southeast of the Main Homestake zone, 2007 drill results returned encouraging assays including a 1.05 metre interval grading 5.21 g/t Au within a broader 38.88 metre interval grading 0.60 g/t Au. Similar values were reported from Bravo's initial drilling at the Main Homestake zone in 2003, suggesting potential to develop another significant near-surface lens of mineralization at the Vanguard Gold zone.

Highlights from 2007 holes at the Homestake Silver zone, located only 400 metres southeast of the Main Homestake zone, include: a 0.69 metre interval grading 2.4 g/t Au and 891.8 g/t Ag within a broader 17.9 metre interval grading 0.27 g/t Au and 66.4 g/t Ag in drill hole HR07-78 and three mineralized intervals from drill hole HR07-76 grading 24.5 g/t Ag over 6.6 metres, 63.6 g/t Ag over 10.5 metres and 15.9 g/t Ag over 10.5 metres, which all occur within a 101.1 metre interval grading 14.5 g/t Ag. All intercepts are reported as estimated true thicknesses.

The Vanguard Gold zone, the Homestake Silver zone and the northwest extension of the Main zone are significant as they highlight the district-wide mineral potential of the Homestake Ridge project. Several other target zones have been identified, including the Vanguard Copper zone, where historical sampling of high-grade surface exposures in altered volcanic rock returned assays from chip and channel samples grading from 4.4% to 13.4% copper, 119 g/t to 296 g/t silver and 0.2 g/t to 3.8 g/t gold (2). An initial drill test of this zone is planned during the 2008 season.

The property consists of located mineral claims and Crown Grant mineral claims in which a 100% interest was earned by Bravo from Teck Cominco and a private Optionor, respectively. On portions of the located mineral claims 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 balance of the Property consisting of Crown Granted mineral claims in which Bravo has earned a 100% interest, subject to a 2% NSR royalty.

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.

To view the map accompanying this release please click on the following link: http://media3.marketwire.com/docs/0403bvg.jpg

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).

(2) Assays from the Vanguard Copper zone are from historical sampling on the property by Teck Cominco Ltd. prior to the Bravo option. Bravo has not independently verified these assay results, but has no reason to doubt the reliability of the data.

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