Bravada Gold Corporation reported the results of an updated, independent Resource and Phase I Preliminary Economic Assessment (PEA) for its Wind Mountain Gold/Silver Property in Washoe County, Nevada. Economics have improved significantly compared to the Company's 2012 study due to utilizing a near-mine, heap-leach pad site for a portion of the Pit-constrained resource and higher grades for early mining, which were predicted and then verified by drilling during 2021. To add additional mine life, a Phase II pad site has been identified due north of the Phase I site, and although somewhat farther from the currently identified Pit-constrained resource, it is located very close to outcropping mineralization at the North End target area, which has only been tested with minor drilling.

Other potential additions to mine life that the Phase I PEA did not consider include mineralization at the South End deposit and historic "waste rock piles" where the Company has identified potentially recoverable gold and silver. The Phase I PEA assumes open-pit, contract mining with conventional trucks and shovels and run-of- mine leaching. The base-case economic model(1) is summarized below in US dollars and Imperial units (some values rounded): Resource inside the pits for Phase I PEA = 29.2 million tons of Indicated Resource @ 0.011 oz Au/t & 0.267 oz Ag/t and 1.08 million tons of Inferred Resource at 0.009 oz Au/t and 0.173 oz Ag/t, both at a cut-off grade of 0.008 oz Au/t. Oxide mineralization = 30.2 million tons and Mixed oxide/sulfide = 0.01 million tons.