BVA Bravada Gold Corporation

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Bravada Gold Corporation (TSX VENTURE:BVA)(FRANKFURT:BRT) reports today that it
intends to conduct a financing by issuing up to 15,000,000 common shares at
$0.05 per common share for gross proceeds of up to $750,000. Finder's fees may
be payable. The private placement and finder's fees are subject to regulatory
approval. 


Net proceeds from the private placement will be utilized for geologic modeling,
metallurgic test work, and archaeology studies that will be incorporated into an
updated resource and preliminary economic evaluation for the Wind Mountain
project, minor geologic work necessary to advance several other company
projects, and for general working capital. An updated resource and Preliminary
Economic Assessment are expected to be completed during the first quarter of
2012. Success of the 2011 drilling program, combined with increased prices of
precious metals, indicates that the resource will increase significantly and the
PEA will be much more robust than previously estimated.


About Wind Mountain

Wind Mountain property, a potential near-term producer with a 43-101 compliant
resource and positive PEA, is at the pre-development stage. Recently the company
completed 50 holes for a total of 4,108.5 metres. Assays are pending for three
holes at the South Wind Pit Target and metallurgical, geological, and
archaeological studies will continue over the next few months.


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. Bravo Gold Corp.
(BVG.V) owns 11.7% of 95,464,282 Bravada common shares currently outstanding.


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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