Bravo Mining Mobilises Four Drill Rigs at Luanga for Resource Growth and New Target Testing

• Four drill rigs are now active at the Luanga project in the Carajás Mineral Province, Brazil, running a total 28,000-metre programme.
• 22,000 metres of infill and extensional drilling is designed to upgrade existing resources and test for open-pit expansion below approximately 200 metres from surface.
• Six priority exploration targets, including regional prospects and deep zones beneath the known deposit, have been selected following an independent review by two internationally recognised specialists in PGM systems.
• A dedicated geophysical survey, including micro-gravity and deep induced polarisation lines, will run alongside drilling to refine targeting.
• A prefeasibility study (PFS) for the Luanga deposit is targeted for delivery in Q3 2026, with the current drill programme designed to support and strengthen it.

Bravo Mining Corp. (TSX.V: BRVO, OTCQX: BRVMF) is a Canadian and Brazil-based mineral exploration and development company advancing the Luanga Project, a 100%-owned palladium, platinum, rhodium, gold, and nickel deposit in the Carajás Mineral Province of Pará State, Brazil. The company's team has a demonstrated track record in PGM, nickel, and copper discoveries in Carajás, having previously taken a greenfield project through to development and production in the same region. The Luanga Project sits on freehold farming land with access to road, rail, and grid power infrastructure.

New Target Discoveries and the Broader Mineral System

One of the distinguishing features of the 2026 programme is the allocation of a dedicated rig for exploration work, separate from the resource drilling. Six priority targets were selected following an independent technical review conducted by Dr. Nigel Brand, a geochemist with over 30 years of experience in PGM and nickel systems, and Grant "Rocky" Osborne, a geological consultant with more than 35 years of work on mafic-ultramafic intrusions, the type of geological setting that hosts the Luanga mineralisation.

The six targets include the "Crescent" target, which may represent an extension of platinum-bearing rock in a low-angle geological setting; the "Southern Imbricate Zone," where a prospective rock contact could repeat itself at depth beneath existing drilling; and the "Western Flank" target, where basal ultramafic rocks may overlie mineralised zones. Two additional targets focus on the Central Sector, where steeply plunging, higher-grade zones are being evaluated for deeper drill testing, and a broader micro-gravity survey extension covers additional high-priority areas identified through the independent review.

Chairman and CEO Luis Azevedo described the approach:

"The regional and deep targets being tested are the result of a disciplined technical process, incorporating independent geological, geochemical and geophysical reviews by renowned experts alongside the Bravo team. This work provides a structured framework to potentially unlock additional value beyond the current resource footprint, while continuing to systematically de-risk the Luanga project."

Resource Position, Development Context, and Construction Readiness

The Luanga deposit currently holds mineral resources across Inferred, Indicated, and Measured categories. Inferred resources carry the lowest level of geological confidence and cannot be used for mine planning or project financing. The 22,000-metre infill programme is designed to convert a portion of these Inferred resources into the higher-confidence Measured and Indicated categories, which are required to underpin a credible PFS.

Extensional drilling targets areas below approximately 200 metres from surface where the current resource model is constrained by limited historical data. The programme aims to test whether mineralisation continues at depth within a geometry consistent with open-pit mining, the results of which will inform the PFS mine planning parameters.

The company completed a recent equity financing ahead of the 2026 field season and has also established a separate Copper-Gold Exploration Division running independently from the PGM programme.

Chairman and CEO Luis Azevedo noted:

"Building on the strengthened balance sheet resulting from Bravo's recent equity financing, and following the creation of its dedicated Copper-Gold Exploration Division, the Company has now commenced its 2026 PGM+Au+Ni field program at Luanga, which is being executed independently of, and in parallel with, the Company's Copper-Gold exploration activities."

Planned Exploration Programmes and the Prefeasibility Study

The PFS, targeted for Q3 2026, is a formal engineering and economic assessment that establishes whether a deposit can be mined under defined technical and financial conditions. It represents the next major study milestone for the Luanga project and sits between a preliminary economic assessment and a full feasibility study, the latter of which is typically required for project financing. The infill and extensional drilling programmes have been scoped specifically to support the PFS.

The geophysical component of the 2026 programme includes detailed micro-gravity surveys on three of the six targets, deep induced polarisation lines across the Central Sector, and a potential extension of the deep induced polarisation programme depending on initial results. These surveys are intended to further refine targets and guide future drilling decisions across the broader Luanga intrusion.

Chairman and CEO Luis Azevedo said:

"With four drill rigs operating, we are advancing a balanced program focused on resource conversion, growth potential, and systematic exploration across the broader Luanga intrusion. The infill and extensional drilling will underpin our pending Pre-Feasibility Study, while the parallel PGM+Au+Ni exploration program reflects our growing confidence in the broader potential of the Luanga mineral system."

Conclusion

With drilling now underway across all four rigs, the primary upcoming milestones for Bravo are initial assay results from infill, extensional, and exploration holes, completion of the geophysical surveys, and delivery of the PFS in Q3 2026. The PFS will provide the first structured economic framework for the Luanga deposit and will draw directly on data gathered during the current field season.

‍