Bravada Reports 2020 Drill Results from the Wind Mountain Gold/Silver Project, Nevada; Drilling Expected to Recommence in April with an Updated Resource/PEA Q1 2022

Bravada Reports 2020 Drill Results from the

Wind Mountain Gold/Silver Project, Nevada;

Drilling Expected to Recommence in April with

an Updated Resource/PEA Q1 2022

Vancouver, British Columbia--(Newsfile Corp. - March 11, 2021) -

Bravada Gold Corporation

(TSXV:

BVA) (the "Company" or "Bravada") reports final assays from the Company's late 2020 drill campaign at

the

Feeder Target

on the Company's 100% owned

Wind Mountain gold/silver project

in

northwestern Nevada. Four reverse-circulate holes were drilled for a total of 1,272.5 metres as a test of a

possible feeder zone of this large hydrothermal system; follow up drilling is permitted and planned for Q2

2021.

The Company also announces that with the increase in gold and silver prices, a re-assessment is

justified of the shallow and oxidized, disseminated gold and silver resources on the Wind Mountain

property. Several areas have been identified that could inexpensively add to existing resources,

particularly focusing on higher-grade zones that are not adequately drilled. These areas have been

permitted and bonded for drilling, which will be completed prior to updating the resource and updating

the 2012 Preliminary Economic Study (PEA). An independent resource estimate and Preliminary

Economic Evaluation for Wind Mountain commissioned by Bravada in 2012 reported:

570,000 ounces of gold and 14.7 million ounces of silver in the Indicated category, and

354,000 ounces of gold and 10.1 million ounces of silver in the Inferred category

Drilling is scheduled to begin in April, with the goal of completing an update to the resource base and

PEA by Q1 2022.

Results of 2020 Drilling of the Feeder target

The Feeder target is located south of existing gold and silver resource blocks, where several lines of

geological evidence indicate the presence of an upwelling zone of hydrothermal fluids. Such zones often

contain much higher concentrations of gold and silver than within the widely disseminated mineralization

that they sourced, and deeper levels of the feeder zone may contain bonanza-grades.

All four holes intersected thick zones of anomalous gold and silver mineralization in Tertiary sediments.

Three of the holes intersecting barren basement metamorphic rocks at unexpectedly shallow depths

beneath the sediments, and one hole crossed a young fault into Tertiary volcanic rocks. Mineralization

encountered in Tertiary sediments is similar to disseminated mineralization elsewhere on the property;

however, two quartz-vein zones were intersected, which contain higher grades of gold and silver (see

table below). Hole WM20-102 is most interesting, containing

1.5 metres of 0.404 g/t Au and 269.0 g/t

Ag (approximately 4.247g/t Au-eq)

within a thicker interval quartz veining with anomalous gold and

silver mineralization.

President Joe Kizis commented,

"The vein intersected in hole WM20-102 may be leakage from more

significant high-grade mineralization deeper. Poorly consolidated sediments host very few veins at

Wind Mountain; however, more brittle rocks lie beneath the sediments. The silver-rich vein zone

includes possible hydrothermal breccia (quartz vein material surrounding breccia fragments), which

indicates periods of explosive upwelling possibly related to boiling below. The depth of this vein

intersect is less than 150 metres below the estimated paleosurface, based on steam-heated alteration

in nearby hills, and the vein does not contain evidence of boiling at this level.

The high silver to gold

ratio is consistent with this interval being in the upper portion of vein mineralization, which could

overlie much higher gold grades, particularly in more brittle rocks beneath the sediments.

Intersecting basement metamorphic rocks at shallow depths in the 2020 drill holes was a surprise, and

to be consistent with surface mapping, there appears to have been a basement high or "mountain"

when Tertiary rocks were being deposited. Although the geometry of this basement high is poorly

understood, such a significant pre-existing geologic feature probably influenced the locations of

upwelling "feeder" zones. A few holes to test the WM20-102 vein intercept deeper are justified and drill

sites have been permitted and bonded to test that concept."

Wind Mountain - 2020 Drilling Program - Significant Assay Intervals

From (metres)

To

Length

Au PPM

Ag PPM

Au-eq PPM

WM20-090

1.5

10.7

9.1

0.109

4.0

0.166

and

50.3

56.4

6.1

0.183

2.1

0.213

WM20-100

18.3

41.1

22.9

0.142

6.2

0.231

and

59.4

74.7

15.2

0.158

12.1

0.331

and

149.3

169.2

19.8

0.070

7.5

0.178

WM20-101

4.6

13.7

9.1

0.109

6.0

0.194

and

73.1

85.3

12.2

0.167

2.6

0.204

and

132.6

140.2

7.6

0.414

11.1

0.573

including

137.2

138.7

1.5

1.16

23.5

1.491

WM20-102

83.8

89.9

6.1

0.107

3.5

0.156

and

117.3

137.2

19.8

0.185

29.5

0.608

including

121.9

123.4

1.5

0.404

269.0

4.247

and

143.2

158.5

15.2

0.096

5.8

0.179

1) Drill intervals of 20 feet or greater averaging greater than or equal to 0.100 ppm Au or 0.150 ppm Au-eq as potentially above cut-off grade in open

pit/heap leach in Nv

2) R.C. drilling with entire sample crushed & puverized to create a 500-gram pulp (BV# PRP70-500) with 30-gm FA/AAS (BV# FA430) & 0.5gm ICP (BV#

AQ300)

3) True thickesses not known, but expected to be ~70% or greater

4)

Caution

that Ag recoveries are highly variable in oxidized mineralization, thus 70:1 (Ag:Au) price ratio for Au-eq may significantly over estimate Ag

contributions

to Au-eq

5) Rounding errors converting from footages explain conflicts in intervals for metric intervals

Wind Mountain - 2020 Drill-hole Locations

NAD27, Zone 11

Easting

Northing

Dip

Azumith

Total Depth

(metres)

WM20-090

297,386

4,476,512

-75

090

365.7

WM20-100

297,242

4,476,514

-60

090

452.6

WM20-101

297,243

4,476,520

-70

270

190.5

WM20-102

297,233

4,476,521

-60

356

263.6

1272.5

About Wind Mountain

The Wind Mountain Property is in northwestern Nevada approximately 160km northeast of Reno in a

sparsely populated region with excellent logistics, including county-maintained road access and a power

line to the property. It is an historic past-producing, bulk-tonnage gold-silver mine. An independent

resource estimate and Preliminary Economic Evaluation for Wind Mountain commissioned by Bravada

in 2012 reported:

570,000 ounces of gold and 14.7 million ounces of silver in the Indicated category, and

354,000 ounces of gold and 10.1 million ounces of silver in the Inferred category.

See the table below and news release NR-06-12 dated April 11, 2012 for details of the resource update.

Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred

resources are considered too speculative geologically to have economic considerations applied to them

that would enable them to be classified as mineral reserves. There is no assurance that any part of the

resources will ultimately be converted to mineral reserves.

Mine Development Associates compiled the Technical Report and PEA. 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. Details of the PEA produced by Mine Development Associates (MDA) of

Reno can be found on SEDAR, as previously reported (see NR-07-12 dated May 1, 2012). Note that

although the PEA was encouraging, it is preliminary in nature, it includes Inferred mineral resources that

are considered too speculative geologically to have economic considerations applied to them that would

enable them to be categorized as Mineral Reserves, and there is no certainty that the PEA will be

realized.

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 signed 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 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 commonly asked investor

questions. Simply click on this link

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

.

Joseph Anthony Kizis, Jr. (AIPG CPG-11513) is the qualified person responsible for reviewing and

preparing the technical data presented in this release and has approved its disclosure.

-30-

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/76905