Bravada to Mobilize Drill Rig to Test the Feeder Target at Wind Mountain Gold/Silver Project, Nevada

Bravada to Mobilize Drill Rig to Test the

Feeder Target at Wind Mountain Gold/Silver

Project, Nevada

Vancouver, British Columbia--(Newsfile Corp. - November 10, 2020) -

Bravada Gold Corporation

(TSXV: BVA) (FSE: BRTN) (OTCQB: BGAVF) (the "Company" or "Bravada") announces that a drill rig

is expected to mobilize to the Company's 100% owned

Wind Mountain gold/silver project

in

northwestern Nevada after the US Thanksgiving holiday. Three or four reverse-circulate drill holes are

planned to depths ranging from 360m to 580m as the first relatively deep test of the interpreted feeder

zone of this large hydrothermal system.

The

Feeder target

is interpreted as the deeper source area for gold/silver-bearing hydrothermal fluids

that resulted in the shallower disseminated gold/silver open-pit deposit previously mined by Amax Gold

and the remaining Resources defined by Bravada. Evidence for the target concept is from Amax's

shallow condemnation drill holes and Bravada's geological mapping, geochemical sampling, magnetic

geophysics, and nearby 2017/18 deep drill holes. Disseminated gold and silver mineralization on the

Wind Mountain property is exposed over a strike length of +6km, indicating a robust gold system that

spread laterally over a large area within permeable host sediments; however, a high-grade "feeder"

zone has not been discovered to date and that is the objective of this campaign.

Figure 1

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In other project news

, assays for diamond drilling completed at Bravada's

Highland gold/silver

project

are still pending as assay labs continue to be backed up due to Covid-19 issues and delayed

drilling programs that are now underway, which have overwhelmed assay labs. Assays now are

expected in December.

Field work was initiated in late October at the Company's 100% owned

SF/HC gold project

. Initial work

included geologic mapping, rock-chip sampling, and claim staking. SF is a Carlin-type gold property

located along the Battle Mountain-Eureka Gold trend, approximately 6 kilometers east of Barrick's

Goldrush/Red Hill development-stage gold mine in the prolific Cortez district.

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.

Tons

oz Au/T

oz Ag/T

Tonnes

gms

Au/T

gms

Ag/T

oz Au

oz Ag

Indicated resource

Oxide at 0.005 oz Au/ton cut off

58,816,000

0.010

0.25

53,372,051

0.343

8.6

564,600

14,539,000

Mixed/Sulfide at 0.01 oz Au/ton

cut off

498,000

0.012

0.40

451,906

0.411

13.7

5,900

197,000

Total

59,314,000

53,823,956

570,500

14,736,000

Inferred resource

Oxide at 0.005 oz Au/ton cut off

19,866,000

0.006

0.17

18,027,223

0.206

5.8

125,200

3,443,000

Mixed/Sulfide at 0.01 oz Au/ton cut off

14,595,000

0.016

0.46

13,244,102

0.549

15.8

229,100

6,672,000

Total

34,461,000

31,271,325

354,300

10,115,000

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. Three of Bravada's ten Nevada properties are being funded by partners. 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 764 claims for approximately

6,100 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

http://www.bravadagold.com/en/management-videos.php

.

Joseph Anthony Kizis, Jr. (AIPG CPG-11513, Wyoming PG-2576) 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/67940