October 4, 2016

Research #1Gold in Idaho, USA

Bravura Ventures sees potential for a low-cost gold mine in IdahoWith less than 16 million shares in the market and a current market valuation of $7 million CAD, Rockstone Research is initiating coverage on Bravura Ventures Corp. The company is led by a diversified team of professionals with combined backgrounds in finance, mining, acquisitions and exploration experience including, due diligence, permitting and advanced stage planning.

According to its website, Bravura is currently in the process of reviewing potential property acquisitions and joint ventures.

A month ago, in early September, Bravura acquired the Musgrove Creek Property, an advanced gold exploration project located in Lemhi County, Idaho (USA), approximately 24 km southwest of the Beartrack Gold Mine previously

operated by Meridian Gold Inc. and producing about 600,000 ounces (“oz”) of gold in 7 years with a cost of $190-200 USD/oz.

Musgrove Creek is a low-cost, open-pit gold opportunity looking to increase its historic resource (314,000 oz gold averaging 1.22 g/t gold at a 0.8 g/t cut-off) and to upgrade it into a NI43-101 compliant resource. Latest exploration activity conducted at Musgrove Creek was focused on adding to that resource with the objective of establishing a mineable deposit.

Planned exploration activity by Bravura will be focused on confirming, defining and expanding upon known mineralization, with the objective of delineating a current mineral resource. An updated NI43-101 report is currently being prepared.

Company Details

Bravura Ventures Corp.#800 – 1199 West Hastings Street Vancouver, B.C. V6E 3T5 CanadaPhone: +1 604 283 1722Email: info@bravuraventures.comwww.bravuraventures.com

Shares Issued & Outstanding: 15,380,907

Canadian Symbol (CSE): BVQCurrent Price: $0.47 CAD (10/03/2016)Market Capitalization: $7 million CAD

German Symbol / WKN: 23B / A14QLY Current Price: €0.35 EUR (09/30/2016)Market Capitalization: €5 million EUR

Chart Canada (TSX.V)

Chart Germany (Frankfurt)

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he Musgrove Creek Property is located in the historic Leesburg Mining District, where gold was

first discovered in 1866. Placer miners were active in the area, collecting an estimated 600,000 oz of gold until the mid-1980s. The 457 hectares sized Musgrove Creek Property is accessed from Salmon or Challis, Idaho, by ~80 km of paved, gravel and dirt roads.

Geologically, Musgrove Creek has the potential for a large low-grade epithermal gold deposit similar to the nearby Beartrack Gold Mine. Musgrove Creek is one of many mineral deposits that occur within a major northeast-southwest-trending structural zone known as the Trans-Challis Fault System. These deposits include the Beartrack Mine and other historic producers to the northeast of the property, and Hecla’s Grouse Creek Mine and other past producers to the southwest.

Musgrove Creek contains an inferred mineral resource estimate (historic) of 8 million tonnes (t”) at 1.22 g/t gold at a cut-off of 0.8 g/t, equivalent to 313,822 ounces (oz”) of gold (at zero dilution). This estimate was calculated by Geospectrum Engineering and detailed in a Technical Report (Gruenwald and Makepeace, 2004).

An additional 6 holes were drilled by Journey between the resource and these 3 holes on property not yet controlled by Bravura. Drill holes along the mineralized trend 350 m and 415 m northwest of the above described resource on Bravura’s claims encountered significant gold mineralization as detailed in the associated table.

Further drilling and interpretation of these significant intercepts will be necessary to determine the true width of the mineralization and if they indicate mineralized zones that may add to the existing (historical) resource.

Bottom-line: Additional drilling is required to verify and upgrade the status of this preliminary resource estimate and it should not be relied upon until supported by an updated and compliant NI43-101 Technical Report. As such,

the upcoming exploration may create significant shareholder value in case the company succeeds in confirming and expanding the historic estimate, and to publish a NI43-101 compliant resource estimate in due course.

As the near-by Beartrack cyanide-heap leach gold mine has demonstrated during its short mine life (1994-2000), about 100,000 oz of gold were produced annually with a cost of $190 to $200 USD/oz, making ít one of the lowest cost gold mines in the US and worldwide.

Bravura CEO Greg Burns commented on September 6, 2016:

“Bravura is excited to acquire the Musgrove Creek gold asset and is looking forward to exploring this exciting property.”

Rockstone is looking forward to covering

Bravura’s corporate developments and the upcoming progress at its Musgrove Creek Project as management has been showing, once again, its skills in acquiring a quality gold asset for immediate development by a tightly held company.

Research #1 | Bravura Ventures Corp.

Drill Hole # From (m) To (m) Width (m) Gold (g/t)25.9 30.5 4.6 5.133.5 39.6 6.1 1.362.5 64 1.5 6

MG-09-63 12.2 15.2 3 11.216.8 21.3 4.6 3.138.1 44.2 6.1 8.768.6 76.2 7.6 3.9

Average: 5 5.6

MG-09-62

MG-09-64

Most recent drilling on the Musgrove Creek Property (in 2009 by Journey Resources Corp.)

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Trucks at work at the Beartrack Gold Mine, where around 100,000 oz of gold were produced annually until 2000 at costs of about $200 USD/oz (picture source)

3 Research #1 | Bravura Ventures Corp.

Management & Directors

Bravura Ventures Corp. is a Vancouver based resource company with a primary focus on advanced stage gold projects within North America. The company is led by a diversified team of professionals with combined backgrounds in finance, mining, acquisitions and exploration experience including, due diligence, permitting and advanced stage planning.

Currently, Bravura is in the process of reviewing potential property acquisitions and joint ventures.

Management’s objective is to build shareholder value and to establish the company as a developer of profitable projects by maximizing and expanding on the potential of future gold projects.

Greg Burns (CEO)Mr. Burns has extensive skills in all areas of exploration geology, office-based manage-ment, data interpretation, project appraisal and acquisition. He has over 22 years of corporate and technical experience in mineral exploration, and has held execu-tive board positions with several promin-ent exploration and mining companies in Canada and Australia.

Von Torres (Director)Mr. Torres brings experience in corporate management services to both private and public companies. Mr. Torres currently sits on the board and acts in a corporate secretarial role of multiple publicly traded companies.

Kenneth Tollstam (Director)Mr. Tollstam, CPA, CA has spent a number of years at Deloitte Touche where he obtained his CA before going on to hold various Executive Management and Director of Finance positions throughout his career. Most recently Mr. Tollstam serves as director and chief financial officer of several private and publicly traded companies.

Quinn Field-Dyte (Director)Mr. Field-Dyte has over 10 years of experience in the financial industry, having served from 1996 to 2001 as an investment adviser and later as a consultant to Raytec Development Corp. He currently sits on the board of directors for numerous TSX Venture Exchange-listed companies in the metals and mining industry.

Share Structure(as of August 11, 2016)

Current share price: $0.47 CADIssued & Outstanding: 15,380,907Market Capitalization: $7 million CADWarrants: 2,500,000Options: 500,000 @ $0.30 CADFully Diluted Total: 18,380,907Market Capitalization: $9 million CAD

Financial Statements

Management Discussion & Analysis for the 3 months ended April 30, 2016

Condensed Interim Financial Statementsfor the 3 months ended April 30, 2016 and 2015 (unaudited)

Financial Statements for the years ended January 31, 2016 and 2015.

Significant News

September 14, 2016: Bravura acquires 38 claims at Musgrove

September 7, 2016: Bravura clarifies Musgrove Creek estimate

September 6, 2016: Bravura to acquire Musgrove Creek Property

The Beartrack Gold Mine was a low-cost open-pit cyanide-heap leach operation (pictures above sourced from www.wildwhiteclouds.org; below picture sourced from WoodMackenzie)

4 Research #1 | Bravura Ventures Corp.

By AC Research on September 22, 2016

AC Research: Dear Greg, thank you very much for your time for the Interview with aktiencheck.de today. Bravura Ventures Corp. sound like a compelling story. The tiny little Gold Explorer has a historic gold resource of 313.822 ounces of gold. With gold price ranging at USD 1.330 this means a value of USD 417 million metal in the ground. Market cap of just EUR 5,95 million sound like a great bargain deal. Why investors don’t get your story?

Greg Burns: While our business strategy to acquire gold projects with known resources in favorable jurisdictions is newly imple-mented by Bravura, we believe that invest-ors do understand our story and are watch-ing us build a company step by step. Like all junior mining companies it takes time to build your investor base and gain exposure. With the current gold prices rapidly climb-ing companies are able to finance projects and move them forward at a steady pace. We are very please with our first acquisiton in Idaho and belive its a great step in the right direction for the company.

A big value driver for Bravura Ventures Corp. would be the confirmation of the resource through an NI 43-101 report. When do you get this done?

Bravura has every intention to confirm the resource and complete an updated 43-101. As you know the 43-101 reports can be broad in scope pending the quality of historic and validation processes to meet compliant standards. Our independent consultants are undertaking detailed analysis currently of historic data, will be making site visits and will advise on any potential twinning of drill holes or duplication of data.

With your recents takeover of additional 38 Claims at Musgrove Creek the size of the gold-project grew 6 times to 302,6 hectar (743 Acres). What impact to you expect from the acquisition for the size of the gold resource at Musgrove Creek?

The company believes by acquirng the additional land package it has the potential to discover additional resources along strike from known mineralisation.

What exploration activities do you plan for Musgrove Creek gold-project for the next weeks to come. Could investors expect some drilling results soon? When do you expect a resource upgrade?

We plan to work towards updating a com-pliant 43-101 resource, the company will take the necessary steps to complete this task once, it could potentially include drill-ing, sampling and modelling. A detailed

technical review on both acquired and new licenses will be undertaken to deter-mine potential mapping, sampling and geophysics prior to any potential drilling.

You want to create shareholder value by taking over undervalued advanced gold project. When do you expect your next big deal? Are you going to close a big takeover anytime soon?

Company cannot make these kinda of state-ments. We are always looking for opportun-ities to increase our share holder value.

What makes you believe in the Musgrove Creek Gold-projekt? What makes it so unique. What makes you believe to built a profitable mining business on this gold-project.

We liked the Musgrove Creek project because it is an advanced gold exploration project located in a great jurisdiction in mining friendly Idaho .The Musgrove creek project has a historic resource and is approximately 24 kilometres (15 miles) southwest of the Beartrack gold mine, previously operated by Meridian Gold Inc. The Beartrack mine produced approximately 650,000 ounces of gold from 1994 to 2000. Geologically, Musgrove Creek has potential for a large low-grade epithermal gold deposit similar to the nearby Beartrack Mine.

CEO Interview with Greg Burns from Bravura Ventures Corp.

5 Research #1 | Bravura Ventures Corp.

How do you want to move into production. Are you going your own way or do you plan any strategic partnerships or Joint Ventures?

At this point our main focus will be to prove out our current property and move it forward, if the right opportunity arose we would certainly look at partnerships or JV’s.

The success of gold explorers at the stock market is all about substantial news-flow. What can investors expect from Bravura Ventures Corp. for the next weeks to come?

Bravura will be actively working on its project and will provide market updates should they be material. Certainly any

recommendations by our advisors on future exploration and drilling to either coicide with completion of a 43-101, or future drilling targeting new potettial mineralised, will be released to shareholders.

Gold price is doing much better these days. Looks like a turnaround? What’s your outlook for the next years to come?

Gold prices may not have moved much in since March this year, but the 15.6% gain in the first three months of the year was the biggest quarterly gain in three decades. While gold futures may be down, there is more than enough global economic uncertainty and stock market volatility to suggest gold’s first-quarter run isn’t over

yet. Given weak economic projections and failed monetary policies from the central banks continue to haunt Wall Street, investors are increasingly concerned that global economic headwinds will further dampen the already fragile US economy. The Fed reserve is in no rush to raise interest rates – I think you will find investors will look to put there money in historically safe havens like gold, for the next 1-2years.

What’s you vision for Bravura Ventures Corp. for the next years to come?

Bravura would like to increase its portfolio of projects and potentially move toward creating an economic mineable deposit at the Musgrove creek project.

15 min. delayed version 15 min. delayed version

Gold Price in USD since April 2011 Silver Price in USD since 2007

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Disclaimer and Information on Forward Looking Statements:All statements in this report, other than state-ments of historical fact should be considered forward-looking statements. Much of this report is comprised of statements of projec-tion. Statements in this report that are for-ward looking include that Bravura Ventures Corp. or any other company or market will perform as expected; that Bravura Ventures Corp. will complete the recently announced transaction(s); that the company will acquire more projects; that Bravura Ventures Corp. or its partner(s) can and will start exploring; that the company can raise sufficient funds for a transaction, exploration and corporate mat-ters; that any of the mentioned plans, com-parisons with other companies, regions or numbers are valid or economic. Such state-ments involve known and unknown risks, un-certainties and other factors that may cause actual results or events to differ materially from those anticipated in these forward-look-ing statements. Risks and uncertainties re-specting gold and resource companies are generally disclosed in the annual financial or other filing documents of Bravura Ventures Corp.and similar companies as filed with the relevant securities commissions, and should be reviewed by any reader of this report. In addition, with respect to Bravura Ventures Corp., a number of risks relate to any state-ment of projection or forward statements, including among other risks: the receipt of all necessary approvals and permits; the ability to conclude a transaction to start or continue exploration; uncertainty of future market regulations, capital expenditures and other costs; financings and additional capital requirements for exploration, development, construction, and operating of a facility; the receipt in a timely fashion of further per-mitting for its legislative, political, social or economic developments in the jurisdictions in which Bravura Ventures Corp. carries on business; operating or technical difficulties in connection with production or development activities; the ability to keep key employees, joint-venture partner(s), and operations fi-nanced. There can be no assurance that such statements will prove to be accurate, as ac-tual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking in-formation. Rockstone and the author of this report do not undertake any obligation to update any statements made in this report.

Disclosure of Interest and Advisory Cautions: Nothing in this report should be construed as a solicitation to buy or sell any securities mentioned. Rockstone, its owners and the author of this report are not registered brok-er-dealers or financial advisors. Before in-vesting in any securities, you should consult with your financial advisor and a registered broker-dealer. Never make an investment based solely on what you read in an online or printed report, including Rockstone’s report, especially if the investment involves a small, thinly-traded company that isn’t well known. The author of this report is paid by Zimtu Capital Corp., a TSX Venture Exchange listed investment company. Part of the author’s responsibilities at Zimtu Capital Corp. is to research and report on companies in which Zimtu Capital Corp. has an investment. So while the author of this report is not paid directly by Bravura Ventures Corp., the auth-or’s employer Zimtu Capital Corp. will bene-fit from appreciation of Bravura Ventures Corp.’s stock price. The author does NOT own shares or other kinds of securities of Bravura Ventures Corp., however he holds shares of Zimtu Capital Corp., and thus would also benefit from volume and price appreciation of its stocks. Hence, multiple conflicts of in-terests exist. Therefore, the information pro-vided herewithin should not be construed as a financial analysis or recommendation but as advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched in-dependently and has received, which the author assumes to be reliable. Rockstone and the author of this report do not guar-antee the accuracy, completeness, or use-fulness of any content of this report, nor its fitness for any particular purpose. Bravura Ventures Corp. has not reviewed the content of this report prior to publication. Lastly, the author does not guarantee that any of the companies mentioned in the reports will perform as expected, and any comparisons made to other companies may not be valid or come into effect. Please read the entire Disclaimer carefully. If you do not agree to all of the Disclaimer, do not access this web-site or any of its pages including this report in form of a PDF. By using this website and/or report, and whether or not you actually read the Disclaimer, you are deemed to have accepted it. Information provided is educa-tional and general in nature.

Analyst Profile and Contact

Stephan Bogner (Dipl. Kfm. FH)Mining Analyst Rockstone Research 8050 Zurich, Switzerland+41-44-5862323sb@rockstone-research.com

Stephan Bogner studied at the International School of Management (Dortmund, Germany), the European Business School (London)

and the University of Queensland (Brisbane, Australia). Under supervision of Prof. Dr. Hans J. Bocker, Stephan completed his diploma thesis (“Gold In A Macroeconomic Context With Special Consideration Of The Price Formation Process”) in 2002. A year later, he marketed and translated into German Ferdinand Lips‘ bestseller („Gold Wars“). After working in Dubai for 5 years, he now lives in Switzerland and is the CEO of Elementum International AG specialized in duty-free storage of gold and silver bullion in a high-security vaulting facility within the St. Gotthard Mountain Massif in central Switzerland.

Rockstone is a research house specialized in capital markets and publicly listed companies. The focus is set on exploration, development, and production of resource deposits. Through the publication of general geological basic knowledge, the individual research reports receive a background in order for the reader to be inspired to conduct further due diligence. All research from our house is being made accessible to private and institutional investors free of charge, whereas it is always to be construed as non-binding educational research and is addressed solely to a readership that is knowledgeable about the risks, experienced with stock markets, and acting on one’s own responsibility.

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Research #1 | Bravura Ventures Corp.