BVA Bravada Gold Corporation

Bravada Gold Corporation (TSX VENTURE:BVA)(FRANKFURT:BRT) (the "Company")
reported that drilling is underway at its wholly owned Wind Mountain project,
part of the Company's program of advancing the project through pre-feasibility.
Wind Mountain is one of the Company's 22 Nevada properties (approximately 20,000
hectares) located in the Battle Mountain-Eureka, Walker Lane, Northern Nevada
Rift, Austin, and Kings River Rift gold trends.


Drilling: The program is expected to consist of drilling 70 shallow
reverse-circulation holes, +6000 metres in total. Many of the holes will be
in-fill within the Wind Mountain and Breeze deposits, with some of the holes
testing structures that appear to host higher-than-average grade for the
deposits. Currently drilling along these structures is too widely spaced to
demonstrate continuity of the higher grades within the resource block model.
Some of the drill holes will test areas of shallow mineralization previously
intersected in widely scattered historic drill holes and some will test
anomalies identified by the Company's January soil survey, where gold values
ranged from nil to 1.4 g/t. Those holes that could expand the currently modelled
open pit or delineate new areas for open pits will be tested first in order to
allow follow-up drilling to proceed as soon as possible.


Metallurgy: Metallurgical test work began in March when eight samples, each
approximately 180 kilograms, were collected from historic heaps, 'waste' piles,
and in-situ mineralization exposed in the bottom of the existing open pits.
These samples provide material necessary for several important metallurgical
tests, some of which will continue over many months, providing important data
about crushing, reagent requirements, and recovery characteristics. 


Results to date from samples of the historic heap-leach piles are particularly
encouraging. Analyses by size fraction demonstrate that while gold in the finer
fractions was effectively leached, gold was not leached from the coarser
fractions. Silver shows a similar pattern. Tests will now be performed to
determine the costs for crushing and the respective recoveries for various crush
sizes to determine if reprocessing the heaps could be profitable. There are
approximately 20 million tonnes of uncrushed, also called run-of-mine, material
on the heaps. Similar crushing tests will also be performed on 'waste' piles
(approximately 9 million tonnes) and in-situ mineralization in order to
determine if those materials should be crushed prior to heap leaching.


Permitting: Biological surveys are nearly complete and archaeology surveys are
scheduled to begin in early July. These surveys will be necessary for additional
exploration and mine permitting.


The Company also reported that it has granted incentive stock options to
directors, officers, consultants and employees, exercisable to purchase
4,800,000 common shares at $0.10 per share for a period of five years in
accordance with the Company's stock option plan. The options are subject to
acceptance for filing by the TSX Venture Exchange.


About Wind Mountain 

The project is located approximately 160km northeast of Reno and has good road
access and a power line to the property. AMAX Gold/Kinross Gold recovered nearly
300,000 ounces of gold and over 1,700,000 ounces of silver between 1989 and 1999
from the Wind Mountain and Breeze open pit heap leach operations (based on
Kinross Gold files). Rio Fortuna Exploration (US) Inc., a wholly owned US
subsidiary of Bravada Gold Corporation, acquired 100% of the property via an
earn-in agreement with Agnico-Eagle (USA) Limited, a subsidiary of Agnico-Eagle
Mines Limited, who retains a 2% NSR royalty interest, of which 1% can be
purchased for $1,000,000 any time prior to production. In May 2010, Rio Fortuna
received and filed on SEDAR a Technical Report for the Preliminary Economic
Assessment (PEA) conducted by Mine Development Associates (MDA) of Reno. The
study assumed open-pit mining using conventional trucks, shovels, run-of-mine
leaching and utilized a base case gold price of US$850 per ounce with a credit
for silver at a price of $14.50 per ounce. The base case economic model (1) in
US dollars indicates:


Resource inside pits = 26.9 million short tons @ 0.012 oz Au/t, with 0.007 oz
Au/t cutoff (approx.90% Measured + Indicated, approx.10% Inferred)


Gold Ounces mined = 320,000

Gold Ounces produced = 198,000

Waste: Ore Strip ratio = 0.7:1

Capital = Initial capital of $41.8 million with $4.4 million sustaining capital

Mine Life = 4 years active mining with 2 additional years of residual leaching
and rinsing of leach pads


Life-of-mine cash cost per Au ounce = $497 after a silver credit of $86 per
ounce of gold is applied


Total Pre-Tax cost per Au ounce = $719 after a silver credit of $86 per ounce of
gold is applied


IRR = 15%

Pre-tax NVP @ 5% = $13.2 million

(1) Note that Canadian NI 43-101 guidelines define a PEA as follows: "A
preliminary economic assessment is preliminary in nature and it includes
inferred mineral resources that are considered too speculative geologically to
have the economic considerations applied that would enable them to be classified
as mineral reserves, and there is no certainty that the preliminary assessment
will be realized." 


Sensitivity studies by MDA indicated that gold and silver prices 20% higher in
the same modeled pit ($1,020/oz Au and $17.40/oz Ag) will increase the IRR to
38% and the NPV@5% to $43.7 million. Gold and silver prices that are 10% lower
($765/oz Au and $13.05/oz Ag) result in the model becoming uneconomic at an
NPV@5%. Sensitivities of the model to capital and operating costs are also
provided by MDA.


Mine Development Associates, Ore Reserves Engineering ("O.R.E.") and Debra
Struhsacker, Environmental Permitting and Government Relations Consultant,
compiled the technical report. 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; Alan C. Noble, P.E. is the Principal Engineer of
O.R.E. and is responsible for sections of the technical report involving
resource modeling and information taken from the 2007 Technical Report completed
entitled "Technical Report on the Wind Mountain Gold Project"; and Debra
Struhsacker is responsible for the section of the technical report involving
environmental issues. 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.


About Bravada Gold Corporation 

Bravada Gold Corporation is a member of the Manex Resource Group of companies
with an exploration office in Reno, Nevada from which it is exploring its
extensive Carlin-type and low-sulfidation-type gold holdings strategically
located within the numerous productive gold trend in Nevada. The Company has
several projects available for joint venture with qualified groups.


Joseph Anthony Kizis, Jr. (P.Geo.) is the Qualified Person responsible for
reviewing the technical results in this release.


On behalf of the Board of Directors of Bravada Gold Corporation

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

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.

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