Government of Brazil Selects Bravo’s Luanga PGM+Au+Ni Project as a Strategic Minerals Project
NEWS RELEASE
20 June 2022
Government of Brazil Selects Bravo’s Luanga PGM+Au+Ni Project as a
Strategic Minerals Project
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSMINATION IN THE UNITED STATES
VANCOUVER, June 20, 2022 – Bravo Mining Corp. (“Bravo” or the “Company”) is pleased to announce that its
Luanga platinum group metals (palladium + platinum + rhodium) + gold + nickel (PGM+Au+Ni) project (“Luanga”),
located in the Caraj ás Mineral Province, state of Par á, Brazil, has been selected as a ‘Strategic Minerals Project’
by the Government of Brazil.
“The selection of Luanga as a ‘Strategic Minerals Project’ demonstrates the importance of our commodity mix to
Brazil,” stated Luis Azevedo, Chairman and CEO of Bra vo. “We recognize the support of the Government of Brazil
in implementing the Strategic Minerals Policy and ensuring that projects of national importance are able to benefit
from a prioritized permitting process to the benefit of all stakeholders,” he said . “While we remain in the
intermediate exploration phase at Luanga with the ongoing Phase 1 25,500m infill, down plunge extension, step
out diamond drill program focused on confirming the results of the extensive historic drill program . We are very
pleased to have the opportunity to advance Luanga through the permitting pipeline on a priority basis under the
Strategic Minerals Policy.”
Brazil’s Strategic Minerals Policy
The Brazilian Government instituted the Policy for Supporting the Environmental Licensing of Investment Projects
for the Production of Strategic Minerals (the “Strategic Minerals Policy ”) through Decree No. 10,657, effective
March 24, 2021. The Strategic Minerals Policy is aimed at prioritizing development of mineral projects that are
strategic for Brazil’s growth. The Strategic Minerals Policy has been qualified under Programa de Parcerias de
Investimento (Investment Partnerships Progra m) (the “ PPI”), a government body dedicated to expanding and
accelerating the implementation of projects with the participation of the private sector in Brazil.
The Inter-ministerial Committee for the Analysis of Strategic Mineral Projects ( “CTAPME”) was formed to select
projects deemed to have strategic importance to Brazil and manage the implementation of the Strategic Minerals
Policy. CTAPME includes representatives from the PPI; Ministry of Mines and Energy ; Ministry of Science,
Technology and Innovations ; Special Secretariat of the Investment Partnership Program of the Ministry of the
Economy and the Institutional Security Office and Special Secretariat for Strategic Affairs of the Presidency of the
Republic.
The Strategic Minerals Policy ensures that the u sual environmental agencies remain fully responsible for
conducting the licensing processes according to the applicable legislation. The PPI’s role is to facilitate regulatory
body interaction to better coordinate the environmental permitting process and prioritize strategic projects to
the benefit of all stakeholders.
About Bravo Mining Corp.
Bravo is a Canada and Brazil -based mineral exploration and development company focused on advancing its
Luanga PGM+Au+Ni Project in the world-class Carajás Mineral Province of Brazil.
NEWS RELEASE
20 June 2022
The Luanga Project benefits from being in a location close to operating mines, with excellent access and proximity
to existing infrastructure, including road, rail and clean and renewable hydro grid power. The project area was
previously de -forested for agricultural grazing land. Bravo’s current Environmental, Social and Governance
activities includes replanting trees in the project area , hiring and contracting locally, and ensuring protection of
the environment during its exploration activities
Bravo was founded by a management team and board with extensive Brazilian and PGM exploration, permitting,
project financing, construction and operating experience. This includes Luis Azevedo, Executive Chairman & CEO;
Simon Mottram, President; Alex Penha, EVP Corporate Development ; and Independent Directors, Dr . Nicole
Adshead-Bell (Lead Director), Stuart Comline, Tony Polglase and Stephen Quin.
For further information about Bravo, please contact:
Alex Penha
EVP Corporate Development
Forward Looking Statements
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking
information is characterized by words such as “believe”, “opportunity”, “advance” and other similar words, or
statements that certain events or conditions “may” or “will” occur. In particular, this news release contains
forward-looking information pertaining to the Company’s ongoing Phase 1 drill program and the opportunity to
advance the Luanga Project on a priority basis under the Strategic Minerals Policy. F orward-looking information
involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ
materially from those expressed or implied by such for ward-looking information. Factors that could cause actual
results to differ materially from such forward -looking information include, but are not limited to, changes in the
state of equity and debt markets, fluctuations in commodity prices, delays in obtai ning required regulatory or
governmental approvals, environmental risks, limitations on insurance coverage and other risks and uncertainties
involved in the mineral exploration and development industry. Forward-looking information in this news release is
based on the opinions and assumptions of management considered reasonable as of the date hereof, including,
but not limited to, the assumption that final drill and assay results will be in line with management’s expectations;
that activities will not be adv ersely disrupted or impeded by regulatory, political, community, economic,
environmental and/or healthy and safety risks; that the Luanga Project will not be materially affected by potential
supply chain disruptions; and general business and economic condi tions will not change in a materially adverse
manner. Although the Company believes that the assumptions and factors used in preparing the forward -looking
information in this news release are reasonable, undue reliance should not be placed on such informat ion. The
Company disclaims any intention or obligation to update or revise any forward-looking information, other than as
required by applicable securities laws.