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Bravada Headlines

August 9, 2010
Bravada Closes First Tranche of Private Placement

Bravada Gold Corporation (BVA.V) reported that it has closed the first tranche of its previously announced (NR-05-10, July 5, 2010) non-brokered unit private placement by issuing 6,000,000 units at a price of $0.15 per unit for gross proceeds of $900,000.  Each unit consisted of one common share and one-half share purchase warrant, with each whole warrant exercisable to purchase one additional common share at a price of $0.20 per share for a period of two years.

The proceeds from the private placement will be utilized to fund exploration costs on various projects in Nevada’s Battle Mountain Eureka Trend where permits have been issued on several drill-ready projects and where drilling is currently underway at the Company’s Signal project and for working capital. Finders’ fees are payable. All securities issued pursuant to the private placement, including common shares, share purchase warrants and finders’ warrants issued as finders’ fees, carry a legend restricting trading of the securities until December 7, 2010.

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. (BVG-TSX.V) owns 44% of Bravada’s 25,619,218 common shares currently outstanding.

On behalf of the Board of Directors
“Joseph A. Kizis, Jr.”   
Joseph A. Kizis Jr., Director, President, Bravada Gold Corporation

For further information, please visit the company’s website at or contact Liana Shahinian at 604.641.2773 or toll free at 1.888.456.1112 or by email at

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.