Bravada and Fortune River Add New Projects

Bravada Gold Corporation (TSX VENTURE:BVA)(FRANKFURT:6BG) and Fortune River
Resource Corp. (TSX VENTURE:FRX)(FRANKFURT:RG7A) report that each has acquired
an additional project. The Companies are proposing a friendly merger via
amalgamation, which is subject to appropriate approvals of shareholders and the
Supreme Court of British Columbia, and acceptance by the TSX Venture Exchange.
The single amalgamated company will retain the name Bravada Gold Corporation and
will then control 22 Nevada properties (approximately 17,000 hectares), located
in the Battle Mountain-Eureka, Walker Lane, Northern Nevada Rift, Austin, and
Kings River Rift gold trends.


Bravada Acquires Option on Quito Property

Bravada has signed a Letter-of-Intent with Yamana Gold Corporation to acquire an
interest in its 3,700ha Quito Carlin-type gold property, a past-producing
open-pit mine. The property is located on the poorly defined Austin Gold Trend,
which includes Northumberland gold mine and a number of Carlin-type exploration
prospects. The Quito mine was operated by Austin Gold venture, a joint venture
between Inspiration Gold and FMC Gold companies, from 1986 to 1989 and was
reported to have produced 174,460 ounces of gold (Yamana company reports).
Published reports of the original deposit stated an initial reserve of 1,700,000
short tons at an average grade of 6.34g/t gold. There is a small historic
resource reportedly remaining on the property; however, Bravada has not
independently confirmed either the past production or remaining resource, and
these historic figures should not be relied upon. Post-mining exploration
efforts were directed at discovering additional shallow, open pit resources;
however, historic drill holes contain numerous intercepts of relatively
high-grade gold (+3 to +10g/t) that are below likely levels of open-pit mining
that may be amenable to underground mining. Modern 3D computer modelling
programs allow easier identification of structural and stratigraphic controls
that can then be targeted for drilling. An existing Plan of Operation will be
transferred from Yamana to Bravada, which will allow drill testing during 2011.


Bravada can earn 70% interest in the property by spending US$2,500,000 over 5
years. Within 60 days after Bravada earn-in, Yamana can either: 1) elect to
participate at 30%, 2) elect to earn 51% should a deposit of greater than 2
million ounces be discovered by paying Bravada three times Bravada's exploration
expenditures and funding Bravada's share of capital requirements (repaid out of
80% of Bravada's cash flow), or 3) elect to reduce to a 2% NSR royalty and
receive either 500,000 shares of Bravada stock or $500,000 cash at Bravada's
option. No other royalties exist at the property. Bravada can elect to terminate
the agreement after a firm commitment of $500,000 within one year of signing a
formal Earn-in Agreement has been spend and certain claim fees have been paid.


Fortune River Acquires Option on Millie Property

Fortune River has acquired from a private vendor an approximately 350 hectare,
low-sulfidation gold/silver property along the emerging Kings River Rift gold
trend. The trend is defined by a prominent regional magnetic high associated
with several low-sulfidation, high-grade gold deposits, and is parallel to the
more thoroughly prospected Northern Nevada Rift. Deposits along the Kings River
Rift include: Sleeper, Sandman, and Goldbanks. Quartz veins crop out poorly on a
low hill at Millie and have textures, anomalous gold, and pathfinder elements
that are typical of the upper levels of such gold deposits. Fragmented land
ownership and poor geologic exposures have hindered past efforts to explore this
property; only limited historic drilling appears to have been conducted.


The agreement provides for an initial payment of US$5000, payment of
claim-filing fees, escalating annual advanced minimum royalty payments, and an
NSR royalty of 2% with option to purchase 1% NSR for $500,000 any time prior to
production. There is also a 0.5% NSR royalty to the vendor on any additional
land acquired within a defined area-of-interest.


Status of Amalgamation

It is anticipated that Special meetings of both Companies will be convened on
December 17, 2010 for resolutions of the shareholders of each Company followed
by Court application and submissions to the TSX Venture Exchange for listing of
the shares of the amalgamated Company.


President Joe Kizis commented, "Quito is an advanced-stage exploration property
with small historic resources at very good grades that might be expanded and
upgraded to 43-101-compliant status. More importantly, Quito provides an
opportunity to discover a very large Carlin-type gold deposit. Several excellent
targets have already been identified and permitted for drilling, and we believe
others will be identified as we integrate two pallets of historic data into a 3D
computer model for the property. Millie represents a more speculative
opportunity for potentially high-grade gold and silver along a newly emerging
trend of such deposits; recent results from Sandman being the most exciting news
from the Kings River Rift trend. Both properties were acquired under attractive
terms. Quito could fit closely behind Wind Mountain as our next pre-development
project, if our shareholders approve the proposed merger, providing the
amalgamated company with a well-balanced portfolio of properties ranging from
the less-speculative development stage to the more-speculative, but
company-building, discovery stage."


About Bravada Gold Corporation

Bravada Gold Corporation (TSX VENTURE:BVA) 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. (TSX VENTURE:FRX) is a member of the Manex Resource
Group of companies with an exploration office in Reno, Nevada from which it is
exploring for high-grade, low-sulfidation-type gold deposits, primarily in
Nevada.


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
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. Bravada Gold
Corporation and Fortune River Resource Corp do 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.