Bravada Gold and Fortune River Announce Shareholder Approval of Amalgamation Agreement

Bravada Gold Corporation (TSX VENTURE:BVA)(FRANKFURT:6BG) and Fortune River
Resource Corp. (TSX VENTURE:FRX)(FRANKFURT:RG7A) are pleased to announce that
their respective shareholders have agreed, subject to the appropriate approval
of the Supreme Court of British Columbia and acceptance by the TSX Venture
Exchange, to merge into a single amalgamated company which would retain the name
Bravada Gold Corporation. The amalgamated company will then control 22 Nevada
properties (approximately 18,400 hectares), located in the Battle
Mountain-Eureka, Walker Lane, Northern Nevada Rift, Austin, and Kings River Rift
gold trends.


The Companies have agreed on ratios of 0.85 shares of the Amalgamated Company
for 1 share of FRX and 1.0 share of the Amalgamated Company for 1 share of BVA.
The Amalgamated Company will have 65,470,328 shares outstanding and 80,253,965
shares fully diluted. It is anticipated that the shares of the Amalgamated
Company will commence trading in January 2011.


Joe Kizis is President of both amalgamating companies and proposed President of
the Amalgamated Company. He comments, "Bravada will be a premier Nevada-focused
exploration and development company, exploring well-established gold trends in
one of the world's best gold jurisdictions. The Company will have a large
portfolio of high-quality properties covering a range of development stages from
early-stage exploration to advanced-stage exploration and pre-development.
Quito, East Manhattan, and Colorback are our most advanced exploration-stage
properties, and Wind Mountain, a potential near-term producer with a 43-101
compliant resource and positive PEA, is at the pre-development stage. We have
several other high-quality properties, some that are being explored by partners
and some for which we are seeking partners. Many are permitted, bonded, and
ready to drill targets that we have developed over the past few years."  


About Bravada Gold Corporation

Bravada Gold Corporation is a member of the Manex Resource Group of companies
with an exploration office in Reno, Nevada from which it is exploring its
extensive Carlin-type gold holdings strategically located within the Battle
Mountain/Eureka "Cortez" gold trend in Nevada. Bravo Gold Corp. (BVG.V) owns 34%
of 32,519,218 Bravada common shares currently outstanding.


About Fortune River Resource Corp.

Fortune River Resource Corp. is exploring for high-grade gold deposits within
two prolific gold producing geologic provinces, Nevada and Ontario. The Wind
Mountain, East Manhattan, Highland, Baxter, Mud Springs, Buz and Zebra projects
are located in Nevada and the Drayton project is located in Ontario.


Joseph Anthony Kizis, Jr. (P.Geo.) is the Qualified Person responsible for
reviewing the technical results in this release.


On behalf of the Board of Directors of Bravada Gold Corporation and Fortune
River Resource Corp.


Joseph A. Kizis Jr., Director, President, Bravada Gold Corporation and Fortune
River Resource Corp.


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
companies' projects, and the availability of financing for the companies'
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. Bravada Gold
Corporation and Fortune River Resource Corp. do not assume any obligation to
update or revise their forward-looking statements, whether as a result of new
information, future events or otherwise, except to the extent required by
applicable law.