VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 24, 2017) - Bravada Gold Corporation (the "Company" or
"Bravada") (TSX VENTURE:BVA)(STUT:BRTN)(OTCQB:BGAVF) announces that the Company has closed the second tranche of its previously
reported non-brokered private placement by issuing 466,605 units at a price of $0.20 per unit for gross proceeds of $93,321. Each
unit consists of one common share and one share purchase warrant exercisable to purchase one additional common share for a period
of three years at an exercise price of $0.30 per share. Securities issued pursuant to this tranche of the private placement,
including common shares and share purchase warrants carry a legend restricting trading of the securities until June 24, 2017.
Bravada also reports that it has received approval from the TSX Venture Exchange for a 30 day extension to close the final
tranche of this Private Placement.
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. During the past 12 years, 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. Currently, five
of its Nevada properties are being funded by partners, which in aggregate include earn-in work expenditures of up to $6.5 million
and payments to Bravada of up to +$3.0 million in cash and shares, with Bravada retaining residual working or royalty
interests.
On behalf of the Board of Directors of Bravada Gold Corporation
Joseph A. Kizis, Jr., Director, President, Bravada Gold Corporation
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.