Bravada Announces Equity Financing

Bravada Announces Equity Financing

Vancouver, British Columbia--(Newsfile Corp. - April 15, 2019) -

Bravada Gold Corporation

(TSXV: BVA) (OTCQB: BGAVF)

(FSE: BRTN) (the "Company" or "Bravada") plans to issue up to 10,000,000 units ("Units") in a non-brokered private placement

at a price of $0.07 per Unit to raise $700,000. Each Unit will consist of one common share and one share purchase warrant, with

each warrant exercisable to purchase one additional common share for a period of four years at an exercise price of $0.12 per

share.

Net proceeds from the private placement will be used for exploration costs of, in order of priority, 1) an initial drilling program on

the SF property, 2) geophysical testing at Wind Mountain, 3) property maintenance fees, permitting fees and associated

ancillary costs, and 4) certain accounts payable and working capital.

The SF mineral property is located in a prolific mineral district ~6km from Barrick's Goldrush deposit. The target is in the same

host rocks and structural setting, providing the Company with a relatively low-risk discovery play in the Cortez district where three

of the largest Carlin-type gold deposits have been discovered in Nevada during the previous three decades.

Geological and geophysical work to be conducted on the Wind Mountain project will firm up the drill sites to test the feeder

target. Other longer-term potential sources of funding will be derived from exercise of warrants and options as well as royalty

payments receivable by Bravada from Baker Hughes' barite mine anticipated to begin in Q1/Q2, 2020 from the Shoshone

Pediment property.

Bravada will make a provision for an over-allotment option (Greenshoe) to allow a purchase of up to 10% additional units beyond

the number of units in this Offering. Finders' fees and commissions may be paid by the Company in relation to the units sold in

this Offering.

President Joe Kizis commented,

"Bravada has been acquiring and developing exploration properties in Nevada since 2002,

constantly evaluating exploration results and optimizing its portfolio. The Company currently has eleven high-quality

exploration and development projects. During this period Bravada outlined a significant gold and silver resource with a

positive PEA at

Wind Mountain

. We feel the property has much more upside potential, particularly at the Feeder target

where planned geophysics should further refine for drilling this potentially richest portion of the property.

The

SF

property, located in one of the most productive gold regions of Nevada, has a similar geological setting to some of

the largest gold deposits discovered during the past few decades, providing an excellent risk/reward opportunity for

exploration dollars. Importantly, discoveries in Nevada command a higher premium than discoveries in many parts of the

world, as recognized by the Fraser Institutes' most recent ranking that Nevada is the Most Attractive Mining Jurisdiction in the

World."

About Bravada

Bravada is an exploration company with a portfolio of high-quality properties in Nevada, one of the best mining jurisdictions in

the world. The Company has successfully identified and advanced properties that have the potential to host high-margin

deposits while successfully attracting partners to fund later stages of project development. With the addition of OceanaGold's

option of Highland, four of Bravada's eleven Nevada properties are being funded by partners. As well, there are no NSR-type

royalties to vendors that cannot be reduced. Bravada's value is underpinned by a substantial gold and silver resource with a

positive PEA at Wind Mountain and the Company has significant upside potential from possible new discoveries at its

exploration properties, most of which host encouraging drill intercepts of gold and which already have drill targets developed by

the Company.

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

www.bravadagold.com

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 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 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.

This news release is intended for distribution in Canada only and is not intended for distribution to United States

newswire services or dissemination in the United States.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/44045