Communicators

Bravo Reports 73m of 20.99 Grams Gold Per Tonne at Homestake Ridge
Including a Bonanza Intercept of 7.65m of 181.58 Grams Gold Per Tonne

Bravo Venture Group Inc. reported today it has received additional assays from its 100 percent-owned Homestake Ridge project in NW British Columbia, including what it considers to be the richest and most significant gold intercept yet recorded from the project. The company said certified assays from hole HR08-87 include a 73 metre down-hole intercept (approximate 52 metre true width) averaging 20.99 g/t Au. The extensive intercept includes a down-hole 7.65 metre bonanza intercept averaging 181.58 g/t Au.

Bravo president, Joe Kizis, said the mineralized interval begins at a relatively shallow downhole depth of 64.6 metres and is believed to be related to high-grade mineralization encountered in previously completed nearby holes HR-07-30 (5.93 metres averaging 10.79 g/t Au within 66.75 metres averaging 2.4 g/t Au) and HR-07-50 (4.96 metres averaging 14.3 g/t Au within a 45.3 metre interval averaging 2.6 g/t Au). All intervals are true thicknesses.

The upper portion of the intercept contains grades that are similar to the “blanket” style mineralization that is widespread in the Main Homestake deposit. The lower zone of bonanza-grade mineralization is less well geologically understood and may reflect proximity to a “feeder” structure. Visual examination of the mineralized interval does not reveal a particular structure, but the entire zone is strongly silicified.

Said Kizis, "Although we don’t yet fully understand the geometry of the extremely high-grade mineralization, we believe it is related to zones of mineral-fluid upwelling or ‘feeder’ zones. Hole 87 validates that the Main Homestake zone is an important new gold discovery with an enviable shallow zone of “blanket” mineralization with a fairly consistent grade, as well as important zones of very high-grade mineralization. The full impact of hole 87 is still being evaluated, but its shallow location should significantly boost project economics.”

The company awaits assay results from several other holes that have been completed in this extension of the deposit, as well as assay results from holes drilled at other portions of the Homestake Ridge property.

Analyzed by FA-ES / ICP by Acme Analytical Labs, Vancouver BC; Samples >34g/t Au re-assayed with FA-Grav – check assays are pending

Bravo has now completed, in the 2008 exploration program, 36 core holes totaling more than 7,400 metres of drilling at Homestake Ridge. Bravo anticipates completing the remaining planned holes at the Main Homestake zone by the end of October. To date, 29 drill holes have been completed at the Main Homestake Ridge target, three drill holes have been completed at the Homestake Silver target, and two holes completed on each of the Vanguard Gold and Vanguard Copper targets.

A long section showing the location of completed drill holes on the Homestake Main zone is shown at http://www.irw-press.com/dokumente/Bravo_021008_Map.pdf and has been posted on the company’s website www.bravoventuregroup.com.

Private Placement Update
Bravo also announced today that is has closed the first tranche of a previously announced private placement (August 14/08) of 2.4 million units at a price of $0.25 per unit. The company said it has issued 700,000 units for gross proceeds of $175,000 and states it will not proceed with the balance of the proposed financing.

Each unit is comprised of one common share and one share purchase warrant exercisable to purchase one additional common share at an exercise price of C$0.30 per share for a period of eighteen months from the closing date. All the common shares issued pursuant to this offering carry a legend restricting the shares from trading for a period of four months until January 13th, 2009.

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 2.36 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) 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.”
Joseph A. Kizis Jr., Director, President, Bravo Venture Group Inc.

For further information, please visit the company’s website at www.bravoventuregroup.com or contact Jay Oness at either 1-888-456-1112 or 604-684-9384 or by email at corpdev@mnxltd.com.

(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).

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management. We seek safe harbor.


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