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VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 10, 2010) - Bravada Gold Corp. ("Bravada") (TSX VENTURE:BVA) reported today that its wholly owned US subsidiary, Bravo Alaska Inc., has signed an agreement with NuLegacy Gold Corporation, whereby NuLegacy can earn a 70% interest in Bravada's HO Property within the Battle Mountain-Eureka Gold trend in north-central Nevada. The property is located between the Cortez Hills and Tonkin Springs 'Carlin-type' gold mines and is approximately two kilometers to the north of NuLegacy's Red Hill property, where drilling has intersected encouraging gold mineralization (see Miranda News Release dated September 22, 2009 for details).

NuLegacy will issue to Bravo Alaska Inc. 50,000 shares and spend US$1,500,000 in property expenditures over the next five years to earn its 70% interest. NuLegacy has conducted a CSAMT geophysical survey over the property and may test any attractive targets with drilling later in the year.

President Joe Kizis said, "This agreement continues our policy of joint-venturing our smaller properties to qualified groups that have a superior land or geologic position, benefiting both parties. HO has an attractive 'address' and the nearby Carlin-type gold intercept at Red Hill demonstrates that good grades are possible in favorable Lower Plate rocks."

About Bravada Gold Corporation:
Bravada Gold Corporation is a member of the Manex Resource Group of Companies with an exploration office in Reno, Nevada from which it is exploring its extensive Carlin-type gold holdings strategically located within the Battle Mountain/Eureka "Cortez" gold trend in Nevada. Bravo Gold Corp. is the major shareholder of Bravada, holding 11.1 million shares of the 25.6 million shares in issue and outstanding.

About NuLegacy Gold Corp.:
NuLegacy Gold Corporation is a private Nevada-focused gold exploration company financed and operated by a well-respected management team that has successfully identified, discovered and developed numerous gold resources. The company's objective is the discovery of a significant multimillion-ounce gold deposit in Nevada utilizing highly focused exploration programs employing sophisticated techniques for targeting the follow-up drilling to previous exploration programs.

Joseph Anthony Kizis, Jr. (P.Geo.) is the Qualified Person responsible for reviewing the technical results in this release.

On behalf of the Board of Directors

Joseph A. Kizis Jr., Director, President, Bravada Gold Corporation

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.