Bravo Gold Corp (TSX VENTURE:BVG)(FRANKFURT:B6I) ("Bravo") reported today it has
discovered new high-grade gold mineralization in drilling at the South Reef zone
of the Homestake Ridge project, located in northwestern British Columbia. The
South Reef zone, which is located 750 metres to the southwest of the Homestake
Silver deposit, represents a previously undrilled area which is open along
strike for over 750 metres and at depth.


Assays from two of three core holes that intersected the target structure have
been received. Highlights from these holes include:




--  a 3.1 metre interval averaging 30.8g/t gold, 3.3g/t silver and 0.3%
    copper within a 8.7 metre interval averaging 11.3g/t gold, 1.6g/t silver
    and 0.1% copper from drill hole 11HR-232, and 
    
    
--  a 1.0 metre interval averaging 37.3g/t gold and 7.7g/t silver within a
    3.0 metre interval averaging 12.9g/t gold and 3.0g/t silver from drill
    hole 11HR-234 
    



Drill hole 11HR-234 also intersected a copper-rich massive sulphide lens in the
upper part of the hole, which returned a 1.95 metre down hole interval averaging
4.5g/t gold, 44.0g/t silver and 2.0% copper within a 6.3 metre interval
averaging 3.4g/t gold, 15.7g/t silver and 0.6% copper. All intercepts are
reported as down hole intervals.


The mineralized structure occurs along the eastern margin of a strong IP
geophysical anomaly that can be traced through much of the central part of the
Homestake property. Gold mineralization within the structure is associated with
chalcopyrite in a strongly quartz-chlorite altered volcanic host. The
mineralized structure occurs near the stratigraphic base of the host volcanic
stratigraphy and is similar in appearance to the basal gold zone of the Main
Homestake deposit. Drill hole 11HR-234 has tested the zone to 240 metres below
surface and remains open at depth. The zone is open for 300 metres to the
northwest where it projects into the area of the 2010 Fox Reef drilling and for
450 metres to the southeast where surface gold-in-soil anomalies (greater than
100ppb Au) are associated with the projection of the geophysical signature. 


Assays from a third hole, which tested the target structure approximately 50
metres along strike from drill hole 11HR-234, are pending. 


To view Figure 1: Location of the New South Reef discovery, Homestake Ridge
Project, please visit the following link:
http://media3.marketwire.com/docs/754569_figure.pdf 


The upper massive sulphide interval is similar in appearance to a gold and
copper enriched massive sulphide lens located at surface 2.0 kilometres to the
southeast at the Vanguard Copper occurrence. These may represent significant
hangingwall lenses that could guide future exploration for additional new
deposits. 


Table 1: Select Assay composites from the South Reef Zone



----------------------------------------------------------------------------
Hole No.                  From       To    Interval       Au       Ag     Cu
                           (m)      (m)         (m)    (g/t)    (g/t)      %
----------------------------------------------------------------------------
HR11-232                 157.6    166.3         8.7     11.3      1.6    0.1
                 inc.    160.9    166.3         5.4     17.7      2.4    0.2
                 inc.    162.3    165.3         3.1     30.8      3.3    0.3
----------------------------------------------------------------------------
HR11-234                  47.4     53.7         6.3      3.4     15.7    0.6
                 inc.     47.4     48.4         1.0     10.5      7.9    0.1
                  and     51.8     53.7         2.0      4.5     44.0    2.0
                  and    264.5    267.5         3.0     12.9      3.0    ---
                 inc.    266.5    267.5         1.0     37.3      7.7    ---
----------------------------------------------------------------------------
Analyzed by FA-ES/AA for gold and ICP-MS by Acme Labs, Vancouver BC; Samples
greater than 10g/t Au re-assayed with FA-Grav - check assays are pending;   
Silver overlimits (greater than 100g/t Ag) re-assayed with FA-Grav. greater 
than 0.5g/t Au or 15g/t Ag cut-off used for compositing intervals, less than
25% internal dilution unless otherwise indicated.                           



To date, the Company has received assays from portions of fifteen of this
season's 23 holes from the Homestake Ridge property. Five additional holes from
the southeast margin of the Homestake Silver zone, two holes from the previously
untested South Reef zone, which occurs 750 metres to the southwest of the
Homestake Silver deposit, and a single hole on a peripheral target are still
pending. 


For more information on this and Bravo's other projects please visit
www.bravogoldcorp.com. 


About Bravo 

Bravo Gold Corp has a 100 percent interest in the Homestake Ridge project, which
is located in a prolific mineral belt in northwestern British Columbia. The
project is being advanced as a potential high-grade underground mining operation
with a current NI43-101 compliant Indicated Resource, at a 3.0 g/t AuEq cut-off,
of 191,000 oz gold and 1,350,000 oz silver (215,100 oz AuEq) plus an Inferred
Resource of 530,000 oz gold and 13,470,000 oz silver (770,500 oz AuEq)(1). Two
deposits have been identified to date and multiple exploration targets remain to
be tested on the large 2585 hectare property. Bravo holds an option to acquire
the 596-square-kilometre Kinskuch project located adjacent to, and to the
southeast of, Bravo's Homestake Ridge project. Bravo holds a 9.76 percent
interest in Bravada Gold Corporation (TSX VENTURE:BVA), which is exploring 21
projects in Nevada. 


Robert Macdonald (P.Geo) is the Qualified Person as defined by National
Instrument 43-101 for the Homestake Ridge project and has reviewed and approved
the technical contents of this release.  


On behalf of the Board of Directors 

Joseph A. Kizis Jr., Director, President, Bravo Gold Corp. 

For further information, please visit the company's website at bravogoldcorp.com.



(1) The current estimate was prepared by Roscoe Postle Associates Inc.      
    (RPA). Mineral Resources on the Main Homestake deposit were estimated   
    previously in 2010 using a block model constrained by 3D wireframes of  
    the mineralized zones. Mineral Resources on the Homestake Silver deposit
    were estimated in 2011 using a block model constrained by pierce points 
    projected to 2D surfaces. The Main Homestake block model comprised an   
    array of blocks measuring 5 m x 5 m x 5 m, with grades for Au, Ag, and  
    Cu interpolated using ID3 weighting. The Homestake Silver block model   
    comprised an array of blocks measuring 10 m x 10 m. At a 3.0g/t AuEq.   
    cut-off, the models identified an indicated resource of 888,000 tonnes  
    averaging 6.7g/t Au, 47.2g/t Ag and 0.15% Cu and a cumulative inferred  
    resource of 4,060,000 tonnes averaging 4.3g/t Au, 158g/t Ag. AuEq       
    calculations used a 56:1 conversion from gold to silver, based on the   
    three year trailing average of gold and silver and relative metallurgic 
    recoveries.                                                             



This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements. These statements are based on a number of assumptions, including,
but not limited to, assumptions regarding general economic conditions, interest
rates, commodity markets, regulatory and governmental approvals for the
company's projects, and the availability of financing for the company's
development projects on reasonable terms. Factors that could cause actual
results to differ materially from those in forward looking statements include
market prices, exploitation and exploration successes, the timing and receipt of
government and regulatory approvals, and continued availability of capital and
financing and general economic, market or business conditions. Bravo Gold Corp.
does not assume any obligation to update or revise its forward-looking
statements, whether as a result of new information, future events or otherwise,
except to the extent required by applicable law.