Bravo Reports Status of Engineering, Scoping, and Exploration at Homestake Ridge

Bravo Gold Corp. (TSX VENTURE:BVG)(FRANKFURT:B6I) ("Bravo") reported today on
the status of engineering, scoping work and exploration on the Homestake Ridge
project located in north-western British Columbia.


Bravo is currently advancing the Homestake Ridge deposits as a potential
high-grade underground mining operation and, since 2003, has expended $30
million on the project, resulting in the discovery and delineation of two
significant mineral deposits. The basis for the engineering work is Bravo's NI
43-101 compliant Indicated Resource, using a 3.0 g/t AuEq. cut-off, of 888,000
tonnes grading 6.69g/t Au and 47.2g/t Ag for 191,000oz gold and 1,350,000 oz
silver, plus an Inferred Resource of 4,060,000 tonnes averaging 4.3g/t Au,
158g/t Ag for an additional 530,000 oz gold and 13,470,000 oz silver (1). The
engineering work utilizes the total resource tonnage in its considerations.


Fred Sveinson, P.Eng., is directing in-house scoping work to provide guidance to
the company with respect to economic and engineering parameters, environmental
studies, and permitting requirements necessary to advance the project to
feasibility as quickly as possible. Mr. Sveinson has commissioned independent
consultants with expertise in mining, power generation, and tailings
design/management to complement his own experience as part of this effort.


Micon International Limited is evaluating various mining methods, preparing a
mine plan, determining operating costs, and developing a financial model. Their
preliminary mine design is based on 3-dimensional models of the mineralized
lenses that were used to constrain the resource model and invokes Sub Level
Retreat mining ("SLR") as a potential mining method for both of the Homestake
deposits. SLR is a low cost method that can be completely mechanized. The
initial design envisages a mine plan for both of the deposits and includes three
access adits and two ramps, with multiple development headings for mining with
sub level intervals of 20m.


Mr. Sveinson stated: "The Company's initial goal is annual production of 100,000
ounces of gold-equivalent per year from a processing plant with a capacity of
2,000 tonnes per day over a 10-year mine life. The engineering studies are being
directed to such an annual production and the current drilling program is
designed to increase the existing resource in order to attain this goal."


Knight Piesold Ltd. has developed preliminary alternatives for providing power
to the site including connecting to the main power grid at two possible
locations, developing run-of-river power and rejuvenating historic hydro power
in the area.


Knight Piesold Ltd. is also determining the best location for plant and tailings
facilities and associated costs, and has located two suitable sites and provided
preliminary drawings. Definitive locations and costs will be developed as the
project proceeds.


Metallurgical Results

Metallurgical work on the Homestake Silver deposit is being carried out by SGS
Mineral Services (SGS) in Vancouver, B.C. under the supervision of Kevin Scott,
P.Eng., Principal Metallurgist with Roscoe Postle Associates Inc. (RPA). Testing
on the Homestake Main deposit was previously conducted in 2009 and 2010 at SGS
Lakefield under the supervision of Melis Engineering.


Mineralized intersections comprised of quartered core from eight diamond drill
holes from the 2010 drill program were selected to provide material which is
representative of the Homestake Silver mineralized zone. A total of 77 kg of
individual samples were sent to SGS in June 2011 and combined to form a
representative composite sample grading 3.43 g/t Au and 119 g/t Ag.


Preliminary batch testing of the composite sample using conventional gravity and
flotation processes indicated that an overall gold recovery of 85% to 90% to a
saleable concentrate can be consistently obtained. Silver recovery to the
concentrate was 83% to 87%. Locked cycle testing is expected to get underway
shortly to provide further confirmation of the results and to provide input for
future studies. Cyanide leaching tests and a mineralogical study using QEMSCAN
analysis of the composite sample are also planned to be completed over the next
few weeks at SGS.


These current results from the Homestake Silver deposit compare very favorably
to 2010 test results from the Main Homestake Deposit (see NR-03-10) which RPA
evaluated and concluded would produce recoveries of 85-90% for gold, 75%-80% for
silver and 85%-90% for copper.


Baseline Studies

Baseline environmental studies necessary to permit road access to the project
and to permit an eventual bulk sample of the Main Homestake zone are underway
utilizing several consultants and will continue during the 2011 exploration
season. The access road from Alice Arm includes 29.2 kilometres of road to be
upgraded and extended to the Homestake site. Engineering for the upgraded road
has been done in considerable detail and the road is anticipated to service
multiple users.


A series of baseline environmental studies are being advanced by Bravo in 2011.
Consultants have been retained to conduct Metal Leaching-Acid Rock Drainage
(ML-ARD) geochemical analyses of the proposed ore material and along access
points. As well, several surveys involving water, flora-fauna, avalanche
hazards, and archaeology are anticipated during Q2/Q3.


Exploration Update

IP Survey

Approximately 15 line-kilometres of surface IP geophysics have been completed on
the property. Two orientation lines were completed over the known Main Homestake
and Homestake Silver deposits. Five additional lines were completed in other
parts of the property where known mineralization may extend beneath cover or
where surface geology and geochemistry indicate additional deposits may be
discovered. Results from this work have been incorporated into targeting for the
current drill program, and are particularly encouraging in the area to the
southeast of the Homestake Silver deposit.


Diamond Drilling

11 core holes totaling 2,765m of a planned 5,000 metre program have been
completed, with assays pending. Four holes have tested several shallow targets
in the connector zone between the Homestake Silver and the Main Homestake
deposits, five holes have tested hangingwall structures of the Homestake Silver
deposit, including the 215 zone. A single hole has tested the Rambler zone,
located 4 kilometres to the southwest of the Homestake Silver deposit.


Drilling is currently testing offsets of previously reported holes from the 2010
program, HR10-156 (15.6m of 1.3g/t Au and 335g/t Ag) and HR10-153 (2.9m of
175g/t Ag), both located along the southeast margin of the Homestake Silver
deposit where an IP anomaly has been identified. One hole has been completed and
four additional holes are planned for this area.


Logging and sampling of the core is ongoing. To date 845 core samples have been
submitted for analyses. Assay results are pending. Drilling will continue
through the month of September, when drilling efforts will shift to the adjacent
Kinskuch project.


Airborne geophysics, surface mapping and sampling continue on the Kinskuch
project in order to refine identified drill targets and discover new ones.
Drilling is scheduled to begin mid-September.


About Bravo

Bravo Gold Corp owns a 100 percent interest in the Homestake Ridge project,
located in a prolific mineral belt in northwestern British Columbia, where it
has developed a significant precious metals resource to date and which it
continues to explore while proceeding with mine development plans. Bravo also
holds an option to acquire a 100 per cent interest in the 596-square-kilometre
Kinskuch project located adjacent to, and to the southeast of, Bravo's Homestake
Ridge project, which is currently the subject of an exploration program designed
to add incremental resources to the Homestake deposits. Bravo also holds a 13
percent equity interest in Bravada Gold Corporation, which is exploring 22
projects in Nevada and developing its 100% owned Wind Mountain mine.


Rob Macdonald (P.Geo.) is the Qualified Person responsible for reviewing the
technical results in this release.


ON BEHALF OF THE BOARD

Joseph A. Kizis Jr., President

(1) The current estimate was prepared by Roscoe Postle Associates Inc. (RPA).
Mineral Resources on the Main Homestake deposit were estimated previously in
2010 using a block model constrained by 3D wireframes of the mineralized zones.
Mineral Resources on the Homestake Silver deposit were estimated in 2011 using a
block model constrained by pierce points projected to 2D surfaces. The Main
Homestake block model comprised an array of blocks measuring 5 m x 5 m x 5 m,
with grades for Au, Ag, and Cu interpolated using ID3 weighting. The Homestake
Silver block model comprised an array of blocks measuring 10 m x 10 m. At a
3.0g/t AuEq cut-off, the models identified an indicated resource of 888,000
tonnes averaging 6.7g/t Au, 47.2g/t Ag and 0.15% Cu and a cumulative inferred
resource of 4,060,000 tonnes averaging 4.3g/t Au, 158g/t Ag.


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. Bravo Gold Corp
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.
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