Bravada Announces Consolidation; Updates PFS Status at Wind Mountain
Bravada Announces Consolidation; Updates
PFS Status at Wind Mountain
Vancouver, British Columbia--(Newsfile Corp. - February 24, 2026) -
Bravada Gold
Corporation
(TSXV: BVA) (FSE: BRTN) ("Bravada" or the "Company") reports that board of directors
of the Company has recommended and authorized a consolidation of the Company's outstanding
common shares on the basis of eight (8) pre-consolidation common shares for one (1) post-
consolidation common share (the "Consolidation"). There are currently 229,262,645 common shares
issued and outstanding and, upon completion of the Consolidation, there will be approximately
28,657,771 common shares issued and outstanding.
On March 2, 2026, the Company's shares will commence trading on a consolidated basis on the TSX
Venture Exchange with new CUSIP 10567D303 and ISIN CA10567D3031. The Company's name will
not be changed in connection with this Consolidation.
The Company's management believes that the Consolidation will result in greater investor interest,
improved trading liquidity and will facilitate future financing of the Company. The Company will send
shareholders a letter of transmittal when the Consolidation has taken effect instructing shareholders to
surrender the certificates evidencing their pre-Consolidation common shares for replacement
certificates representing post-Consolidation common shares. The Consolidation is subject to TSX
Venture Exchange approval.
Status of the Wind Mountain PFS Study
President Joe Kizis provides an update on the PFS program for the Wind Mountain project in
northwestern Nevada,
"Subsequent to our Resource Update in September 2025, we have arranged for
several independent contractors to conduct updated studies necessary for the PFS, and ultimately for
renewed mine permitting. Underway or expected to begin over the coming months includes mine
planning and design, metallurgy, archaeology, biology/wildlife, hydrology, and detailed resource
evaluation to convert the small amount of In-pit Inferred Resource to Indicated Resource, which could
be converted to Probable Reserve by a successful PFS. Being a past-producing open-pit/heap-leach
mining operation, and having been successfully reclaimed, there is a large amount of historic data to
be drawn upon to reduce costs compared to a virgin deposit."
About Bravada
Bravada is a long-established exploration and development company with a portfolio of high-quality
properties in Nevada, one of the best mining jurisdictions in the world. Utilizing a modified joint-venture
business model, Bravada has successfully identified and advanced properties with the potential to host
high-margin deposits while successfully attracting partners to fund later stages of project development.
Bravada's value is underpinned by a substantial gold and silver resource with a positive PEA study
conducted in 2022 on a Phase I portion of the Wind Mountain deposit, and additional Phases are being
evaluated for the project as part of an ongoing Pre-Feasibility Assessment. In addition, the Company
has significant upside potential from possible new discoveries at its other exploration properties.
Since 2005, the Company has signed 33 earn-in joint-venture agreements for its properties with 20
publicly traded companies, as well as a similar number of property-acquisition agreements with private
individuals. Bravada currently has eight projects in its portfolio, consisting of 782 claims for
approximately 6,329 ha in two of Nevada's most prolific gold trends. Most of the projects host
encouraging drill intercepts of gold and already have drill targets developed.
Several videos are available on the Company's website that describe Bravada's major properties,
answering investors commonly asked questions. Simply click on this link:
https://bravadagold.com/projects/project-videos/
.
On behalf of the Board of Directors
Joseph A. Kizis, Jr., Director, President, Bravada Gold Corporation
For further information, please visit Bravada Gold Corporation's website at
bravadagold.com
; or contact
us at 604.641.2759 or by email at
.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This news release includes certain statements that may be deemed "forward-looking statements". All
statements in this news release, other than statements of historical facts, are forward-looking
statements. Forward-looking statements in this news release include plans to complete the
Consolidation and the anticipated effective date thereof as well as completion of the PFS. Although
the Company believes the expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance and actual
results or developments may differ materially from those forward-looking statements. These
statements are based on a number of assumptions including, among other things, assumptions that
TSX Venture Exchange approval will be granted in a timely manner subject only to standard
conditions; that all conditions precedent to the completion of Consolidation will be satisfied in a timely
manner; and the ability of third-party service providers to deliver services in a timely manner.
Investors are cautioned that any such statements are not guarantees of future performance and actual
results or developments may differ materially from those projected in the forward-looking statements.
The Company does not assume any obligation to update or revise its forward-looking statements,
whether because of new information, future events or otherwise, except as required by applicable law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/285017