BVA Bravada Gold Corporation

Bravada Gold Corporation (TSX VENTURE:BVA)(FRANKFURT:BRT) ("Bravada") has filed
with SEDAR the Technical Report for the updated, independent Preliminary
Economic Assessment (PEA) and resource estimate for its Wind Mountain
Gold/Silver Property in Washoe County, Nevada. The studies were conducted by
Mine Development Associates (MDA) of Reno. As previously reported (NR-07-12
dated May 1, 2012), the base-case Internal Rate of Return (IRR) is nearly double
the 2010 base-case IRR, and the number of ounces produced from near-surface
oxide mineralization has increased significantly. The PEA considers only a
portion of the property and new resources contained within the North Hill
deposit and the South End deposit, and previously mined "waste rock" were not
included in the PEA. In addition, the company has identified large areas on the
property where significant new resources could be discovered.


The past-producing Wind Mountain gold/silver project is located approximately
160km northeast of Reno, Nevada in a sparsely populated region with excellent
logistics, including county-maintained road access and a power line to the
property. A previous owner, AMAX 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 files obtained from Kinross Gold,
successor in interest to AMAX Gold). Rio Fortuna Exploration (U.S.) Inc., a
wholly owned US subsidiary of Bravada Gold Corporation, acquired 100% of the
property through an earn-in agreement with Agnico-Eagle (USA) Limited, a
subsidiary of Agnico-Eagle Mines Limited, which retains a 2% NSR royalty
interest, of which 1% may be purchased for $1,000,000 at any time prior to
commencement of production. The updated resource is summarized in a table below.


The PEA assumes open-pit, contract mining with conventional trucks and shovels,
run-of-mine leaching, and a base-case price of US$1,300 per ounce of gold and
$24.42 per ounce of silver. The base-case economic model (1) is summarized below
in US dollars and Imperial units (some values rounded):


Resource inside the pits = 42.1 million short tons of Indicated Resource @ 0.011
oz Au/t & 0.26 oz Ag/t, and 2.2 million short tons of Inferred Resource @ 0.008
oz Au/t & 0.18 oz Ag/t, both utilizing a 0.006 oz Au/t cutoff


Gold & Silver Ounces mined = 465,000 oz Au & 11,198,000 oz Ag (516,000 oz Au-eq(2))

Gold & Silver Ounces produced = 288,000 oz Au & 1,680,000 oz Ag (320,000 oz
Au-eq(2))


Waste: Ore Strip ratio = 0.71:1

Capital = Initial capital of $45.4 million with $18.4 million sustaining capital

Mine Life = approximately 7 years of mining with 2 additional years of residual
leaching & rinsing


Payback Period = 2.2 years

Life-of-mine cash cost(3) = $859 per ounce Au

Total Pre-Tax cost(3) = $1,080 per ounce Au

IRR = 29%

Pre-tax NVP@5% = $42.9 million

(1) 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. Mineral resources that are not mineral reserves do not have
demonstrated economic viability."


(2) Expected recoveries were incorporated to convert silver to gold equivalent
(Au-eq) at 220Ag:1Au ($1,300 x 62% divided by $24.42 x 15%) 


(3) Costs include estimated Nevada Net Proceeds taxes, property taxes, but not
corporate income tax, and treats silver as a by-product credit.


Sensitivity studies by MDA indicate that gold and silver prices 30% higher in
the same modeled pit and at the same recovery rates ($1,690/oz Au and $31.75/oz
Ag) would increase the IRR to 74% and the NPV@5% to $136.2 million. Gold and
silver prices that are 20% lower ($1,040/oz Au and $19.54/oz Ag) would result in
the model being uneconomic at an NPV@5%. Sensitivities of the model to capital
and operating costs are also provided. MDA notes that additional studies such as
additional metallurgical studies to evaluate crushing higher-grade portions of
the deposit and grid drilling to delineate economic portions of the previously
mined "waste rock", which are given no value in the current model, could further
enhance the economics of known mineralization. Approximately 43% of the
pre-mining strip in the PEA model consists of "waste rock", and MDA is
optimistic that with further drilling and sampling a portion of this material's
grade and tons could be quantified for economic evaluation.


Mine Development Associates compiled the technical report. Thomas Dyer, P.E. is
a Senior Engineer for MDA and is responsible for sections of the technical
report involving mine designs and the economic evaluation, and Steven
Ristorcelli, C.P.G., is a Principal Geologist for MDA and is responsible for the
sections involving the Mineral Resource estimate. These are the Qualified
Persons of the technical report for the purpose of Canadian NI 43-101, Standards
of Disclosure for Economic Analyses of Mineral Projects.




----------------------------------------------------------------------------
                          oz   oz              gms   gms                    
                  Tons  Au/T Ag/T     Tonnes  Au/T  Ag/T   oz Au       oz Ag
----------------------------------------------------------------------------
Indicated resource
----------------------------------------------------------------------------
Oxide at 0.005 oz Au/ton cut off
----------------------------------------------------------------------------
            58,816,000 0.010 0.25 53,372,051 0.343   8.6 564,600  14,539,000
----------------------------------------------------------------------------
Mixed/Sulfide at 0.01 oz Au/ton cut off
----------------------------------------------------------------------------
               498,000 0.012 0.40    451,906 0.411  13.7   5,900     197,000
----------------------------------------------------------------------------
Total       59,314,000            53,823,956             570,500  14,736,000
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
Inferred resource
----------------------------------------------------------------------------
Oxide at 0.005 oz Au/ton cut off
----------------------------------------------------------------------------
            19,866,000 0.006 0.17 18,027,223 0.206   5.8 125,200   3,443,000
----------------------------------------------------------------------------
Mixed/Sulfide at 0.01 oz Au/ton cut off
----------------------------------------------------------------------------
            14,595,000 0.016 0.46 13,244,102 0.549  15.8 229,100   6,672,000
----------------------------------------------------------------------------
Total       34,461,000            31,271,325             354,300  10,115,000
----------------------------------------------------------------------------



About Bravada Gold Corporation

Bravada Gold Corporation is a member of the Manex Resource Group of companies
with an exploration office in Reno, from which it is exploring its extensive
Carlin-type and low-sulfidation-type gold holdings strategically located within
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. Homestake Resource
Corporation (TSX VENTURE:HSR) owns 9.76% of Bravada's 114,264,282 outstanding
common shares.


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

For further information, please visit Bravada's website at bravadagold.com.

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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