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

Group 1 - Bravo Mining Corp. has increased its bought deal of common shares to 17,050,000 shares at a price of C$4.40 per share, resulting in gross proceeds of approximately C$75 million [1] - The offering is expected to close on or about January 20, 2026, subject to customary closing conditions and approvals from the TSX Venture Exchange [1] - The underwriters have an option to purchase up to an additional 15% of the offering to cover over-allotments within 30 days following the closing [1] Group 2 - Bravo has entered into a non-binding indicative term sheet with Orion Mine Finance Management LLP for a private placement of 7,897,727 common shares at the offering price, generating gross proceeds of C$34,750,000 [2] - Orion intends to provide up to US$300 million in financing support, contingent upon the satisfaction of mutually agreed milestones [2] - The concurrent private placement is subject to customary conditions, including the completion of the offering and necessary approvals from the TSX Venture Exchange [2] Group 3 - The net proceeds from the offering and the concurrent private placement will be used to advance the Luanga PGM+Au+Ni Project, expand mineral resources, and for general working capital [3] - The company aims to complete a preliminary feasibility study and, if warranted, a feasibility study for the Luanga project [3] Group 4 - Bravo Mining Corp. is focused on advancing its PGM and copper-gold Luanga Project located in the Carajás Mineral Province, Brazil [6] - The company has a proven track record in mineral exploration and development, particularly in PGM, nickel, and copper discoveries [7] - The Luanga Project benefits from its location on mature freehold farming land with access to existing infrastructure and a mining-experienced workforce [8]