Bravura Ventures Corp. (CSE: BVQ) (OTC: BRVVF) (FRA: 23B) wishes to announce it has entered an option to acquire 100% of the approximately 1000 hectare Rabbit Cobalt-Gold-Nickel-Silver Property located 55km south of Cobalt, Ontario.

About the Rabbit Cobalt Property:

Location

The Rabbit Cobalt property is located 14 km southeast of the town of Temagami near the eastern border of Ontario. The district is mining friendly having a rich history of cobalt and silver production. 55km north of the property is Cobalt, Ontario. The epicentre of past producing cobalt mines in Ontario.

Property Status and Configuration

The approximately 1,040 ha Rabbit Cobalt property is comprised of 65 claim units owned by Caprock Ventures.

Access and Infrastructure

The Property is accessible via Rabbit Lake which is accessed by 7 km of well maintained gravel surface road leaving highway 11, 3.5 km south of the town of Temagami. The property is located 10 km from rail and 5 km from power distribution lines.

Mineralization

Cobalt, gold and nickel mineralization is hosted within a fracture zone in diabase approximately 18 inches in width. The fracture is described as being at the contact between the mafic intrusive and the Gowganda Formation. A grab sample collected by A.G. Burrows returned an assay of 8.76% Cobalt, and 6.56% Nickel. The grab samples are selective samples, and are not necessarily representative of the mineralization hosted on the property.

History

Sporadic exploration of the property has occurred since at least 1955 with minimal focus on cobalt mineralization in more recent years. In 2002 JML Resources flew airborne geophysics over several prospects in the area looking for diamondiferous kimberlites and partially covered the property. Tres-Or Resources in 2005 was also exploring the area for diamondiferous kimberlites.

Agreement terms

Bravura has acquire 100 per cent of the Rabbit Creek property in a share exchange agreement in consideration for:

• Payment for an amount of $350,000 and the issuance of four million common shares to be paid upon closing.

“We are very pleased to be in what we feel is the epicenter of past cobalt producing mines in Ontario with a property that has strong showings and exploration potential. The area has been one of the most active exploration cobalt regions in Canada. We feel working towards establishing a resource base in a friendly political climate such as Canada is a very exciting endeavour.” 

Qualified Person

Mike Waldegger, P.Geo, is the qualified person as defined in NI 43-101, that has reviewed and approved the contents of this press release.