BVA Bravada Gold Corporation

Bravada Gold Corporation (TSX VENTURE:BVA)(FRANKFURT:BRT) ("Bravada") reports
that it will extend the expiry date of 5,504,495 share purchase warrants from
April 15, 2012 to October 15, 2012. These warrants were issued by Fortune River
Resource Corp. ("Fortune") pursuant to a private placement of 6,475,876 units
with 6,475,876 warrants attached, which closed on January 15, 2010. As a result
of an amalgamation on January 7, 2011, these warrants issued by Fortune are
exercisable to purchase common shares of Bravada on the basis of 0.85 of a
Bravada share for each Fortune warrant held. The exercise price will remain at
$0.10 per share. The extension of the warrant expiry date is subject to TSX
Venture Exchange acceptance.


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 and low-sulfidation-type gold holdings, which are
strategically located within the numerous productive gold trends in Nevada.
Bravada is self funding its Wind Mountain property towards near-term production,
and is advancing its other properties with a combination of self funding and
partner funding. Bravada also holds the Drayton Archean gold property in
Ontario. Currently three of Bravada's 21 Nevada properties are being funded by
partners. Bravo Gold Corp. (BVG.V) owns 9.76% of Bravada's 114,264,282
outstanding common shares.


About Wind Mountain

The past-producing Wind Mountain gold/silver project is located approximately
160km northeast of Reno in a sparsely populated region with excellent logistics,
including county-maintained road access and a power line to the property. AMAX
Gold/Kinross Gold recovered nearly 300,000 ounces of gold and over 1,700,000
ounces of silver between 1989 and 1999 from two small open pits and a heap-leach
operation (based on Kinross Gold files). Rio Fortuna Exploration (U.S.) Inc., a
wholly owned US subsidiary of Bravada, acquired 100% of the property via an
earn-in agreement with Agnico-Eagle (USA) Limited, a subsidiary of Agnico-Eagle
Mines Limited, who retains a 2% NSR royalty interest, of which 1% can be
purchased for $1,000,000 any time prior to production. In early 2010, Rio
Fortuna received a positive Preliminary Economic Assessment (1) based on a gold
price of US$850 per ounce with a credit for silver at a price of $14.50 per
ounce (See News Release NR-05-10, dated April 13, 2010).


During 2011, Bravada completed 50 drill holes at Wind Mountain with the primary
goal of expanding near-surface oxide gold/silver mineralization. This program
successfully discovered extensions of known mineralization and new areas of
shallow oxide mineralization as well as further defined higher-grade areas
within the 2007 resource. Prompted by this success, an update to the Wind
Mountain resource and Preliminary Economic Assessment is currently underway,
with completion anticipated during the second quarter of 2012. In addition,
metallurgical studies were conducted and are near completion. Biological and
archaeological studies that will be necessary for mine permitting were also
completed during 2011.


(1) Note that Canadian NI 43-101 guidelines define a PEA as follows: "A
preliminary economic assessment is preliminary in nature and it includes
inferred mineral resources that are considered too speculative geologically to
have the economic considerations applied that would enable them to be classified
as mineral reserves, and there is no certainty that the preliminary assessment
will be realized."


Deborah H. Schneider, AIPG Certified Professional Geologist #11098, is the
Qualified Person responsible for reviewing the technical results in this
release.


On behalf of the Board of Directors of Bravada Gold Corporation

Joseph A. Kizis Jr., President and Director, Bravada Gold Corporation

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 Bravada's
projects, and the availability of financing for Bravada'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 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.

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