Bravada and Fortune River Project Update, Manager of Development Hired for Wind Mountain

Bravada Gold Corporation (TSX VENTURE:BVA)(FRANKFURT:6BG) and Fortune River
Resource Corp. (TSX VENTURE:FRX)(FRANKFURT:RG7A) provided an update of recently
drilled exploration projects and announced that a Manager of Development has
been hired for Fortune River's Wind Mountain 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, which
would retain the name Bravada Gold Corporation, will then control 20 Nevada
properties (approximately 13,000 hectares), located in the Battle
Mountain-Eureka, Walker Lane, and Northern Nevada Rift gold trends.


John Cox has joined Fortune River as Manager of Development in order to advance
the existing mineral resource at the Company's Wind Mountain property, a
previous Amax Gold open-pit/heap-leach mine. The project contains an estimated
406,000 ounces of gold in the Measured plus Indicated Resource categories(i),
30.6 million tonnes (33.7 million short tons) averaging 0.411 g/t Au, using a
cutoff grade of 0.257 g/t Au, plus an additional 92,000 ounces of gold in the
Inferred category, 8.9 million tonnes (9.8 million short tons) averaging 0.308
g/t Au, using the same cut-off grade (see FRX news release dated January 8,
2008). Earlier this year, the company commissioned an independent NI
43-101-Compliant Preliminary Economic Assessment and associated Technical Report
by Mines Development Associates (MDA), a well-respected engineering group based
in Reno. MDA modelled an open pit using $850 per ounce of gold and $14.50 per
ounce of silver. MDA's report indicates the project will have a pre-tax NPV@5%
of US $13.2 million (IRR=15%) at $850 per ounce gold and, assuming a 20%
increase in metal prices, a pre-tax NPV@5% of US $43.7 million (IRR=38%) at
$1,020 per ounce gold for the same pit design (see FRX news release NR-05-10
dated April 13, 2010). Mr. Cox will manage the work required to optimize
economics and advance the project through pre-feasibility.


Mr. Cox earned M.S. and B.S. degrees in Geology and has more than 30 years of
experience in the mining industry. He has held various senior management
positions with USMX and Alta Gold, where he assisted in the development and
production of several gold mines that were of a similar scale to that proposed
for Wind Mountain.


This season Bravada conducted 1,270 meters of core drilling in two holes at the
Signal project and 591 meters of core drilling in one hole at the PH project.
Both projects host Carlin-type mineralization at the surface, and these drilling
programs were designed to search for deeper, high-grade mineralization. Signal
is located 5km west of the Ruby Hill gold mine, and PH is located 6km east of
the Tonkin Springs gold mine. Bravada's drilling at both projects successfully
intersected the projected host rocks with strong alteration and with anomalous,
but not economic, concentrations of gold (0.0X to 0.X g/t) and pathfinder
elements. Computer 3D modelling shows targets remain at each property, and
additional drilling is planned.


Fortune River and partner Christopher James Gold Corp. completed 1,173 meters of
reverse-circulation drilling in five holes at the Buz project, a
low-sulfidation-type exploration property. The holes intersected zones of quartz
veining; however, gold values were generally disappointing and no further work
is planned at this time.


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.


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. (TSX
VENTURE:BVG) owns 34% of 32,519,218 Bravada common shares currently outstanding.


About Fortune River Resource Corp.

Fortune River Resource Corp. 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.


(i)Ore Reserves Engineering ("O.R.E.") and Donald E. Ranta, consulting
geologist, prepared the resource estimate and technical report. Alan C. Noble,
P.E. is the Principal Engineer of O.R.E. and is the Qualified Person for the
technical report for the purpose of Canadian NI 43-101, Standards of Disclosure
for Mineral Projects. The resource estimate was prepared utilizing a 3-D block
model with inverse-distance-power estimation of gold grades. Grade estimation
was controlled using three-dimensional wire-frame interpretations of the
gold-grade zoning. Grade estimation parameters were defined based on variogram
trends and further optimized so the grade distribution in the mined-out portion
of the resource matched closely with a block model that was created from
blasthole data. Resource classes were defined based on the spacing of drill
holes around the blocks as measured by the kriging variance from a linear
variogram. A drill-hole grid spacing of 150 feet was required to qualify as
Measured and a spacing of 225 feet was required to qualify as Indicated, with
less dense drill spacing qualifying as Inferred. Silver resources are not
reported in the resource estimate because of uncertainty regarding silver
assays; however, approximately 5.9 ounces of silver were recovered historically
for every one ounce of gold.


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.