Bravo Increases Previously Announced Offering of Common Shares to C$75 Million and C$34.75 Million Concurrent Private Placement

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TORONTO, Jan. 13, 2026 (GLOBE NEWSWIRE) -- Bravo Mining Corp. (TSX.V: BRVO, OTCQX: BRVMF) (“Bravo” or the “Company”) is pleased to announce that due to strong demand, it has increased the size of the previously announced bought deal of common shares to 17,050,000 common shares (the “Common Shares”) at a price of C$4.40 (the “Offering Price”) per Common Share for gross proceeds of approximately C$75 million (the “Offering”). The Company previously entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and National Bank Capital Markets (collectively, the “Underwriters”). The Company has granted the Underwriters an option, exercisable for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The Offering is expected to close on or about January 20, 2026, subject to certain customary closing conditions, including the receipt of all necessary approvals of the TSX Venture Exchange.

The Company has also entered into a non-binding indicative term sheet with Orion Mine Finance Management LLP (“Orion”) pursuant to which, among other things, a fund managed by Orion or a designated affiliate of Orion will subscribe for 7,897,727 Common Shares at the Offering Price for gross proceeds of C$34,750,000 on a non-brokered private placement basis (the “Concurrent Private Placement”). In connection with the Concurrent Private Placement, it is anticipated that the Company will enter into a participation rights agreement whereby, among other things, Orion will have the right to participate pro rata in future equity offerings of the Company and a right to match any offer to provide project financing, acquisition financing, or production-linked financing to the Company. Subject to the satisfaction of mutually agreed milestones, certain conditions precedent and other customary conditions, Orion intends to commit to provide up to US$300 million of financing support by providing an indicative non-binding term sheet proposal in the form of equity, debt, and other financing instruments promptly upon notice of such milestones being met. The Concurrent Private Placement is subject to customary conditions, including the completion of the Offering and all necessary approvals of the TSX Venture Exchange, but the Offering is not contingent upon the consummation of the Private Placement.