Bravo Intercepts High-Grade Nickel/Copper Massive Sulphide Mineralization at Luanga

Bravo Mining Corp. announced high grade nickel and copper assay results from the previously released diamond drill hole DDH22LU047 at its Luanga platinum group metals (palladium + platinum + rhodium) + gold + nickel (PGM+Au+Ni) project (“Luanga“), located in the Carajás Mineral Province, state of Pará, Brazil.  The high-grade intercept of 11.04m grading 2.04% nickel and 1.23% copper occurs in massive and semi-massive sulphides – a style of mineralization not previously observed at Luanga, increasing the target type potential at the project. Palladium, platinum and rhodium assay results are pending.

• 11.04m @ 2.04% nickel and 1.23% copper, from 131.11m
• Including 4.54m @ 2.77% nickel and 1.23% copper, from 132.26m
• And including 0.80m @ 10.82% copper and 0.98% nickel, from 136.80m
• Contractors arriving onsite this week to commence Downhole Transient Electromagnetic (“DHTEM”) surveying at Luanga, starting with DDH22LU047
• Palladium, platinum and rhodium results are pending

“As announced in Bravo’s August 3^rd, 2022 news release, high-grade nickel-copper mineralization at these concentrations, has not been observed previously at Luanga and could represent a new type of mineralisation that occurs within the Luanga PGM deposit, or a potential indication of feeder zones,” said Luis Azevedo, Chairman and CEO of Bravo. “DHTEM surveying will commence shortly, which should allow us to vector in on the continuation of high-grade nickel/copper massive sulphides, guiding follow-up drilling.”

The Phase 1 diamond drill program continues as planned at Luanga.  With six drill rigs on site, drilling is now in progress in various locations along the entire 7km strike length of the known mineralization, including to the north where the latest and final surface access agreements were recently signed.

Phase 1 drilling is designed to confirm, infill and step out from the previously defined PGM+Au+Ni mineralization in order to increase confidence in the geological model and provide the basis for future mineral resource estimates. Additionally, drilling will target potential extensions to the mineralization at depth, as well as exploration targets at Luanga.

Complete Table of Assay Results

• All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole
• Given the orientation of the holes and the mineralization, the intercepts are estimated to range from ~80 to 90% of true thickness.
• FR = Fresh Rock.

Bravo is a Canada and Brazil-based mineral exploration and development company focused on advancing its Luanga PGM + Au + Ni Project in the world-class Carajás Mineral Province of Brazil.

The Luanga Project benefits from being in a location close to operating mines, with excellent access and proximity to existing infrastructure, including road, rail and clean and renewable hydro grid power. The project area was previously de-forested for agricultural grazing land. Bravo’s current Environmental, Social and Governance activities includes replanting trees in the project area, hiring and contracting locally, and ensuring protection of the environment during its exploration activities.

Bravo was founded by a management team and board with extensive Brazilian and PGM exploration, permitting, project financing, construction and operating experience. This includes Luis Azevedo, Executive Chairman & CEO; Simon Mottram, President; Alex Penha, EVP Corporate Development; and Independent Directors, Dr. Nicole Adshead-Bell (Lead Director), Stuart Comline, Tony Polglase and Stephen Quin.

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