Bravada Completes First Deep Test of Signal Project in Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 26, 2010) - Bravada Gold Corporation (TSX VENTURE:BVA) reports that it has now completed the first deep hole ever drilled on its wholly-owned Signal property, located along the Battle Mountain-Eureka Gold trend in Nevada. The 1125 hectare Carlin-type gold project is located in the northwestern portion of the Eureka District, which includes Barrick Gold Corp's Ruby Hill mine six kilometres to the east of Signal.

The first of two diamond/core holes (approximately 1,200 metres total) was completed to 613 metres. The hole intersected the unconformity at the base of Mississippian clastic rocks and the Devonian Devils Gate Limestone at 85 metres, which is the host for previously tested shallow gold mineralization. The hole continued in Devils Gate Limestone to 509 metres, where it passed through the projected low-angle fault into the Bartine Member of the McColley Canyon Formation, a major host rock for gold mineralization in the region. The hole cut 76 metres of this favourable hostrock, and then cut 28 metres of the underlying Kobeh Member before ending in unfavorable Beakon Peak Dolomite. Alteration encountered in the hole includes: decalcification, calcite-filled solution cavities, remobilized carbon vein fillings and commonly intense oxidation to hematite and goethite.

The second hole is underway approximately 350 metres to the north and is currently above the low-angle fault in Mississippian clastic rocks, which the Company's geologists believe could act as a "cap rock" by ponding mineralizing fluids beneath the low-angle fault at this location.

President Joe Kizis comments, "Experience has shown that Carlin-type mineral showings of any size, such as those already discovered near surface at Signal, can represent leakage haloes around much large multi-million ounce gold deposits. This is particularly true in highly productive mining districts such as the Eureka district. We are encouraged by the success of our reinterpreted geologic model of Signal, which is allowing us to test an entirely new host rock at Signal that has been productive elsewhere in the region. We are encouraged by the alteration ecountered, but caution that Carlin-style alteration is typically more widespread than the Carlin-type gold deposits they surround."

The company is currently constructing drill roads and pads at the PH property for diamond drilling that is planned immediately following the program at Signal. The property lies immediately east of US Gold's Tonkin Springs property and northeast of Miranda's Red Hills gold property, where drilling has recently commenced. At PH gold mineralization is exposed in prospective Lower Plate carbonates, with assays of surface grab samples ranging from background to 3.39g/t Au. Alteration and pathfinder geochemistry typical of Carlin-style deposits occur within high-angle faults that cut relatively unfavorable carbonate rocks at the property; however, the highly prospective Roberts Mountains Formation should underlie this surface mineralization. The target is the buried Roberts Mountains Formation beneath surface-mineralized faults.

Also planned for drilling this season is the SF property, which is located east of the Eocene-age Carlin-type deposits in the Cortez mining district and east of the Miocene-age low-sulfidation epithermal-type deposit at the previously mined Buckhorn deposit. Several large Carlin deposits show evidence of overprinting by younger gold systems, an indication that their plumbing systems are deeply rooted. Both Carlin-type and low-sulfidation-type alteration are present at SF, with narrow zones of Carlin-style geochemistry intersected in a drill hole directly east of the property of another company. The target is highly favorable Devonian-age Wenban Limestone and Horse Canyon Formation host rocks adjacent to a major fault projected beneath thin gravel cover.

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 gold holdings strategically located within the Battle Mountain/Eureka "Cortez" gold trend in Nevada. Bravo Gold Corp. owns 44% of 25,619,218 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

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

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