Bravada Gold Announces the Extension of the Expiry Date of Certain Common Share Purchase Warrants

Bravada Gold Announces the Extension of the

Expiry Date of Certain Common Share

Purchase Warrants

Vancouver, British Columbia--(Newsfile Corp. - May 5, 2023) -

Bravada Gold Corporation (TSXV:

BVA) (the "Company" or "Bravada")

announces that it intends to apply to the TSX Venture Exchange

("TSXV") for approval to extend the original expiry dates of an aggregate 27,611,285 share purchase

warrants (the "Warrants") as follows:

Number of Warrants

Exercise Price per Share

Closing Date of Private

Placement

Original Expiry Date

Proposed Amended Expiry

Date

7,555,000

$0.12

May 13, 2019

May 13, 2023

May 13, 2024

4,552,142

$0.12

July 17, 2019

July 17, 2023

July 17, 2024

8,305,000

$0.15

June 11, 2020

June 11, 2023

June 11, 2024

4,260,000

$0.12

August 6, 2021

August 6, 2023

August 6, 2024

2,757,143

$0.12

October 1, 2021

October 1, 2023

October 1, 2024

182,000

$0.12

October 25, 2021

October 25, 2023

October 25, 2024

All other terms and conditions of the Warrants will remain the same. In accordance with TSXV policies,

warrants issued as compensation to brokers and finders will not be extended. The proposed

amendments are subject to TSXV approval.

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. 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 at Wind Mountain, and the Company has significant upside potential from possible new

discoveries at its exploration properties.

Since 2005, the Company entered into 32 earn-in joint-venture agreements for its properties with 19

publicly traded companies, as well as a similar number of property-acquisition agreements with private

individuals. Bravada currently has 10 projects in its portfolio, consisting of 810 claims for approximately

6,500 ha in the Battle Mountain/Eureka and Walker Lane Trends, 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, responding to investor's commonly asked questions. Simply click on this link

https://bravadagold.com/projects/project-videos/

.

On behalf of the Board of Directors of Bravada Gold Corporation

"Joseph A. Kizis, Jr."

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

For further information, please visit Bravada Gold Corporation's website at

bravadagold.com

or contact

the Company at 604.684.9384 or 775.746.3780.

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.

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

https://www.newsfilecorp.com/release/165048