Bravada Announces Consolidation; Updates PFS Status at Wind Mountain

Executive Summary

• The Board has approved a 8‑for‑1 consolidation of Bravada Gold’s common shares, reducing the share count from ~229.3 M to ~28.7 M.
• Consolidated shares will begin trading on the TSX Venture Exchange on March 2, 2026 under new CUSIP/ISIN identifiers.
• President Joe Kizis provided an update on the ongoing Pre‑Feasibility Study (PFS) for the Wind Mountain project, outlining upcoming studies and resource conversion work.

Key Details

• Consolidation Ratio: 8 pre‑consolidation common shares → 1 post‑consolidation common share.
• Current Shares Outstanding: 229,262,645 common shares.
• Post‑Consolidation Shares Outstanding: Approximately 28,657,771 common shares.
• Effective Date: Consolidated trading to commence on March 2, 2026 on the TSX Venture Exchange.
• New Identifiers: CUSIP 10567D303; ISIN CA10567D3031.
• Company Name: Remains “Bravada Gold Corporation.”
• Regulatory Requirement: Consolidation subject to approval by the TSX Venture Exchange.
• Shareholder Process: Shareholders will receive a transmittal letter instructing surrender of pre‑consolidation certificates for post‑consolidation certificates.

Wind Mountain PFS Update

• Resource Update Reference: September 2025 resource update.
• Upcoming Studies: Mine planning & design, metallurgy, archaeology, biology/wildlife, hydrology, and detailed resource evaluation.
• Goal: Convert existing In‑pit Inferred Resource to Indicated Resource, potentially advancing to Probable Reserve upon successful PFS completion.
• Strategic Rationale: Leverage historic mine data to reduce costs versus a greenfield deposit.

Notable Quotes

“The Consolidation will result in greater investor interest, improved trading liquidity and will facilitate future financing of the Company.” – Joseph A. Kizis, Jr., President & Director

All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.