Bravada Gold delivers positive PEA update for Wind Mountain

US$415 Million After-Tax NPV at US$3,600/oz Gold, 60% After-Tax IRR, and 11.2 year mine life

Webinar: Join Dr. Paul West-Sells, President & CEO of Bravada Gold, for an in-depth look at the Company's recently released PEA and the compelling economics underpinning the Wind Mountain Gold Project (link to register for webinar provided at end of release)

Vancouver, British Columbia--(Newsfile Corp. - August 31, 2026) - Bravada Gold Corporation (TSXV: BVA) ("Bravada" or the "Company") is pleased to announce results from an updated Preliminary Economic Assessment (the "2026 PEA" or the "PEA") for its 100%-owned Wind Mountain Gold-Silver Project ("Wind Mountain" or the "Project") located in Northern Nevada.

The 2026 PEA, which updates the Company's October 2025 Technical Report and Preliminary Economic Assessment, (the "Prior PEA") using an updated Mineral Resource estimate and current long-term metal price assumptions, demonstrates significantly enhanced economics. This PEA positions Wind Mountain as a compelling near-term, low-cost gold-silver development opportunity as the Company advances toward a Pre-Feasibility Study ("PFS") targeted for the second half of 2027.

2026 PEA Highlights

After-tax NPV (5%) of US$415 million (C$593 million), with an after-tax IRR of 60% and a 2.0-year payback , at a base case of US$3,600/oz gold and US$48/oz silver;

Well leveraged to gold and silver prices with an after-tax NPV (5%) of US$681 million (C$973 million), an after-tax IRR of 86% and a 1.5-year payback , at US$4,500/oz gold and US$70/oz silver;

11.2-year mine life producing an average of 40.7 koz gold and 280 koz silver per year (44.4 koz AuEq/year), for total life-of-mine ("LOM") production of 454,000 oz gold and 3.1 million oz silver ;

All-in sustaining cost of US$1,653/oz and cash cost of US$1,504/oz;

Total project capital of US$139.0 million (US$98.1 million initial, US$41.0 million sustaining)