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


Bravada Gold Corporation (TSX VENTURE:BVA)(FRANKFURT:BRT) ("Bravada") has closed
its previously announced non-brokered private placement for gross proceeds of
$940,000. The private placement was oversubscribed and consisted of 18,800,000
common shares at $0.05 per common share. The proceeds of the private placement
primarily will be used to update the 2007 NI-43-101 resource calculation and
complete a new Preliminary Economic Assessment for the Wind Mountain Property
and for working capital. Finder's fees of up to 6% cash and 10% finder's
warrants are payable on a portion of the placement, with each such finder's
warrant exercisable to purchase one common share at $0.20 for two years. The
private placement and payment of finder's fees are subject to regulatory
approval. All securities issued pursuant to the private placement, including
common shares and finder's warrants issued as finder's fees, carry legends
restricting trading of the securities until either March 15, 2012 or March 17,
2012.


Bravada recently completed 50 holes for a total of 4,108.5 metres at Wind
Mountain, located in north-western Nevada. An update to the Wind Mountain
resource and Preliminary Economic Assessment (PEA) is currently underway, with
completion anticipated during the first quarter of 2012. Metallurgical studies
also continue, which will determine if crushing can further improve economics
compared to the run-of-mine heap-leaching method assumed in the PEA completed in
early 2010. Metallurgical studies are expected to be completed in December. This
season's drilling program successfully discovered extensions of known
mineralization and new areas of shallow oxide mineralization, as well as further
defined higher-grade portions within the 2007 resource. The most encouraging
intercepts from the 2011 drilling program are shown on the attached map (all
intercepts previously reported). Previously unreported assays for the final
three drill holes are shown below.




2011 Wind Mountain Drill Intercepts
----------------------------------------------------------------------------
                                        Inter-
                      T.D.  From    To     val    Au    Ag  Au-eq           
Hole #   Orientation   (m)   (m)   (m)     (m) (g/t) (g/t) (70:1) Comments  
----------------------------------------------------------------------------
Wind Pit - South wall expansion
----------------------------------------------------------------------------
WM11-075         -90 121.9  13.7  21.3     7.6 0.233   9.6  0.371           
----------------------------------------------------------------------------
WM11-076         -90 100.6   0.0   6.1     6.1 0.267  12.5  0.446 Mine Dump 
----------------------------------------------------------------------------
                            44.2  54.9    10.7 0.438   5.0  0.510           
----------------------------------------------------------------------------
WM11-077         -90  91.4  22.9  33.5    10.7 0.409   9.4  0.543           
----------------------------------------------------------------------------
Intercepts calculated +0.2g/t Au &/or +10g/t Ag combined, intervals of      
+0.3g/t Au-eq reported. Nothing above or below intercept included if less  
than 0.3 Au-eq & no barren intervals greater than 6m included internally   

True thicknesses are estimated to be 70-90% in bedding replacement; however,
geometry uncertain adjacent to high-angle faults  

A ratio of 70Ag:1Au is used to reflect expected lower recoveries of Ag
relative to Au, although detailed metallurgy has not been completed



Exploration Update

Geologic modeling is nearly complete for Bravada's Quito project. Numerous
attractive drill targets are being developed where anomalous surface
geochemistry is associated with modeled faults and host rocks. Computer modeling
will begin soon for Bravada's three Cortez district properties (Colorback, NSR,
and Granite Mountain). A large soil-sampling program (468 samples) was recently
completed over a portion of the NSR property that lies along the northern margin
of a large magnetic geophysical anomaly, which is presumed to be a buried
intrusion. Nearby historic drill holes contain anomalous gold mineralization.
Soil samples were also collected over portions of the Temple project (262
samples), where gold mineralization in historic drill holes may extend into
areas with karst development that have not been previously tested, and over a
gravel-covered portion of the Wind Mountain project (134 samples). Partners are
being sought for Bravada's other properties.


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. Subsequent to
closing this private placement, Bravo Gold Corp. (TSX VENTURE:BVG) owns 9.76% of
Bravada's 114,264,282 outstanding common shares.


To view the map accompanying this press release, please click on the following
link: http://media3.marketwire.com/docs/b1116.pdf


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., President and Director, 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 Bravada's
projects, and the availability of financing for Bravada'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 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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