Bravo Mining Corp. announced that it has received assay results from fifteen diamond drill holes ("DDH") from the Southwest and Central Sectors at its 100% owned Luanga palladium + platinum + rhodium + gold + nickel project (Luanga or Luanga PGM+Au+Ni Project), located in the Carajas Mineral Province, state of Para, Brazil. Results are all from Bravo's Phase 2 Program that is successfully targeting potential extensions to mineralization down to approximately twice the depth of both historical and Bravo's Phase 1 drilling.

Results from deeper drilling (Phase 2 Program) in the Central Sector continue to identify higher-grade mineralization at depths of approx. 150m to 330m below surface, which is under Bravo's Phase 1 and historical drilling and suggests potential to double the depth extent of mineralization in these areas. Luanga Drilling Update: Results from a further fifteen diamond drill holes have been received, all from the Phase 2 Program targeting potential extensions of PGM+Au+ Ni mineralization down to approximately 330m below surface, or twice as deep as Phase 1 or historical drilling.

Results confirm that mineralization extends to depth at similar thicknesses and grades to intercepts in historic drilling higher up in nearby drill sections, and in Bravo's Phase 1 drill program. Section 1 in the Central Zone shows a new drill intersection (DDH23LU175) where, at depths approaching 300m below surface, mineralization is comparable or better in both thickness and grade to that intercepted at shallower depths tested during the Phase 1 drilling on this section. Furthermore, within the 54m mineralized zone grading 3.33g/t PGM+Au, 0.22% Ni, there is a high-grade zone 32.5m wide grading 4.99g/t PGM+Au, 0.30% Ni, and the mineralization remains open at depth.

A total of 209 drill holes (74 in 2023) have been completed by Bravo to date, for 40,787 metres, including all 8 planned twin holes and all 8 metallurgical holes (not subject to routine assaying). Results have been reported for 186 Bravo drill holes to date. Results for15 Bravo drill holes are currently outstanding (excluding the 8 metallurgical holes).

Completed drill holes reported in this news release are shown on Figure 5, along with completed drill holes that are awaiting assay results. Section 2, at the Eastern side of the Central Sector, shows new drill intersection (DDH23LU183) where, at depths approaching 200m below surface, mineralization is again comparable in both thickness and grade to that intercepted at shallower depths (<150m). In the Central Sector, several narrow zones of magmatic nickel sulphide mineralization were intercepted in DDH23LU163 and DDH23LU164, providing further evidence of magmatic nickel sulphide mineralization in the Central Sector.

Luanga Geophysics Update: Final data has been received from the HeliTEM (airborne electromagnetics) survey completed over the entire (7,810ha) Luanga project. Full interpretation will commence in the next week. Preliminary HeliTEM data showed that promising anomalies are present.

Bravo's geologists have already started ground truthing over more prominent HeliTEM targets shown in preliminary data. The detailed ground magnetic and micro-gravity surveys covering all the prospective stratigraphy at Luanga are expected to be completed in the next 10 days. It is anticipated that input from the interpretation of all three geophysical surveys are expected to be available for interpretation together and should assist in defining additional drill targets.