Bravo Amends Previously Announced Equity Placement

VANCOUVER, BRITISH COLUMBIA–(EMWNews – Aug. 14, 2008) – Bravo Venture Group Inc. (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today that the company has amended the previously announced private placements reported on August 7th, 2008 and will now issue a total of 11.1 million common shares in two non-brokered private placements for total gross proceeds of C$2,992,500.

The company shall issue up to 8.7 million units in a non-brokered flow-through private placement at a price of C$0.275 per unit to raise C$2,392,500. Each unit will consist of one common flow-through share and one half transferable non flow-through share purchase warrant, each whole warrant exerciseable to purchase one additional common share at an exercise price of $0.35 per share for a period of eighteen months from the closing date. All proceeds from this placement will be expended to fund the continuance of the approximate 7,500 metre drill program at the Homestake Ridge project in NW British Columbia which is currently underway.

The company shall also issue up to 2.4 million units in a non brokered private placement at a price of C$0.25 per unit to raise C$600,000. Each unit will consist of one common share and one share purchase warrant exercisable to purchase one additional common share at an exercise price of C$0.30 per share for a period of eighteen months from the closing date. Net proceeds will be expended on the continuation of the exploration program on the Woewodski Island Property, expenses relative to the company’s Nevada properties and for general working capital. Finder’s fees may be payable.

The private placements and finders fees are subject to regulatory approval.

On behalf of the Board of Directors

Robert E.Swenarchuk, Director

Bravo Venture Group Inc.

Statements contained in this news release that are not historical facts are forward-looking statements as the term is defined in the private securities litigation reform act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Bravo Venture Group relies upon litigation protection for forward looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management.