BRTN: STU, OTCQB: BGAVF
TSX.V: BVA
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Bravada Headlines

May 11, 2010
Letter to the Shareholders

Dear Shareholder:

We are pleased to announce that Bravada Gold Corporation ("Bravada") commenced trading on the TSX Venture Exchange on Tuesday, May 4, 2010 under the symbol "BVA".

This letter is being sent to you because you were a shareholder of Bravo Gold Corp. ("Bravo") as at December 31, 2009 and eligible to receive shares of Bravada. The Bravada shares issued pursuant to the plan of arrangement (the "Arrangement") with Bravo are, subject to advice from your tax advisor, tax-free in nature. Based on our determination that the fair market value of each Bravada share when issued was $0.18, our auditors have advised us that the adjusted cost base of Bravada's shares for this purpose is $0.18 per share.  The adjusted cost base for Bravo shares related to this Arrangement should be reduced by $0.018 per Bravo share.

Enclosed is a recent news release of Bravada.  Please feel free to contact us or visit our website at www.bravadagold.com for further information about Bravada.

Yours truly,
BRAVADA GOLD CORPORATION

Per:
Lawrence Page, Q.C.
Chairman & Director