Braveheart To Acquire Alpine Mine Property In SE British Columbia

TORONTO, ONTARIO, November 15, 2016 -- Braveheart Resources Inc. (TSX Venture: BHT) ("Braveheart" or the "Company") is pleased to announce that it has entered into an option agreement to acquire a past producing gold property in the West Kootenay region of British Columbia, increasing the size of its land holdings in the area to over 12,000 hectares.

"The Alpine Mine property (the “Property”) is located in a highly favorable geological environment and is an ideal fit for Braveheart as we continue our strategy of developing high grade gold targets," explained Chief Operating Officer Aaron Matlock "Our prospecting and geological team will be considering fresh interpretations and potential new exploration opportunities with regard to this important Property."

The 2,177-hectare Property is approximately 20 kilometers northeast of Nelson within which is the Alpine Mine, a former operating underground mine with a recorded production of approximately 16,810 tonnes between 1938 and 1948. This material contained 356,360 grams of gold, 222,044 grams of silver, 49,329 kilograms of lead and 17,167 kilograms of zinc.

The option agreement is subject to a 90-day due diligence period; the Company will be issuing additional news as it gains more information on the Property.

The terms of the agreement to purchase a 100% interest in the Property involve a combination of cash and shares totaling $3,385,000 and 1,400,000 Braveheart shares over a 6-year period ending in 2021. In addition, Braveheart commits to an expenditure of $1,600,000 in exploration on the Property over the first 3 years with a minimum of $400,000 in 2017.
About Braveheart Resources Inc.

Braveheart is a Canadian-based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold). Braveheart's shares are listed for trading on the TSX Venture Exchange under the symbol BHT.V. Braveheart has approximately 27,614,505 common shares issued and outstanding.

Qualified Person
Braveheart’s disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Jim Decker, P.Eng., a director of Braveheart who serves as a qualified person under the definition of National Instrument 43-101. 

Contact
David W. Johnston, President and CEO
403-701-2781
davidwjohnston@shaw.ca


Caution Regarding Forward-Looking Information
This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, (more) uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.

All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. 

Neither the 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 of this news release. 

Braveheart Resources Announces Results from Recent Drilling Program on Whitewater Property, Follow-Up Drilling to Commence the Week of October 10, 2016

TORONTO, ONTARIO, October 11, 2016 – Braveheart Resources Inc. (TSXV: BHT) (“Braveheart” or, the “Company”) recently completed a short diamond drill program on their 100% owned Whitewater Property, located approximately 15 km southwest of Nelson, British Columbia. The program was designed and managed by Bernhardt Augsten, P. Geo; he also is responsible for all technical reporting associated with the Company’s exploration program.

A total of 582.8 m of BTW core were drilled in 10 holes. The purpose of this drill program was to test for grade, width and continuity of the Whitewater Vein system. The program was successful in intersecting mineralized quartz veining in several holes.  Mineralization within gold-bearing quartz veins on the Whitewater Property is dominated by pyrite with minor galena and sphalerite with occasional fine visible gold.  Veins are hosted by a coarse grained hornblende granodiorite of Middle Jurassic age.

Highlights of the drill program are listed below:

Table 1 SIGNIFICANT DRILL RESULTS

Hole ID Width (m) Au_g/t Ag_g/t Comments
WW16-1 0.25 0.70 <0.2 Trace visible gold
WW16-5 2.48 3.29 17.7
including 01.05 6.1 <0.2
WW16-6 0.34 6.80 4
WW16-6 0.30 1.51 <0.2
WW16-8 5.1 2.13 5.2
including 1.25 7.8 17.8
WW16-9 0.65 0.96 1
WW16-9 0.70 1.21 1.9
WW16-9 1.40 0.28 .4
WW16-1 1.00 6.90 7.6

 

Notes on analytical techniques.
All core was analyzed by Met Solve Analytical Services of Langley, BC.  All core was analyzed for 30 elements using a ICP-MS technique.  In addition, most core was analyzed for gold using a fire-assay technique with an aa finish, (Au FAS111).  Where visible gold was seen or thought might exist, core was analyzed using a metallic screen fire assay method (Au – MSC530). One mineral standard and one blank standard were inserted into the sample stream.

A detailed summary of the drill holes can be reviewed in the attached Appendix. True width of the drill hole intersections are as stated in the Appendix or, if not stated, cannot be determined from the information available.

Based on these encouraging results Braveheart has decided to carry out a follow-up program consisting of ~500 m starting the week of October 10, 2016. This program will focus on establishing the extension of the vein system to the SE with significant grades obtained from sampling float ranging from .15 oz/t (~4 g/t) Au to >7 oz/t (~210) Au (Geological Branch Assessment Report 11554 For Rex Silver Mines Ltd. By C.H Aussant, P. Geol., Pages 10 &11). The source of the float boulders is believed to be the same vein system in their immediate area.

The Corporation also wishes to announce that, pursuant to a debt settlement agreement, it proposes to issue 200,000 common shares to settle an aggregate of $19,587 in outstanding debt (the "Debt Settlement"). All shares issued in connection with the Debt Settlement will be subject to a hold period of four months and a day. The completion of the Debt Settlement remains subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange


About Braveheart Resources Inc.
Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold). Braveheart's shares are listed for trading on the TSX Venture Exchange under the symbol BHT.V. Braveheart has approximately 27,614,505 common shares issued and outstanding.


Qualified Person
Braveheart’s disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Jim Decker, P.Eng., a director of Braveheart who serves as a qualified person under the definition of National Instrument 43-101. 

Contact
David W. Johnston
President/CEO
403-701-2781
davidwjohnston@shaw.ca
 
 
Caution Regarding Forward-Looking InformationThis news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, (more) uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.

All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. 

Neither the 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 of this news release. 

APPENDIX

Drill Hole Summary

Hole WW16-1 was collared to test the eastern end of the main Whitewater vein system. No mineralized vein was intersected at the expected depth.  On surface the Whitewater vein structure has weakened somewhat into a fault with two narrow quartz veins.  The hole did encounter a significant intercept of lamprophyre dike.  The strike of this dike is not altogether clear.  Toward the end of the hole a narrow quartz veinlet was intersected that contained visible gold.  This intercept returned 0.7 g/t Au over 0.25m.

Hole WW16-2 was collared from the same setup as WW16-1 but was drilled to the west to intersect the Whitewater vein system further to the west but at an oblique angle.  No significant mineralized quartz veins were intersected, indicating that the vein system pinches at depth at this point or is faulted off.

Hole WW16-3 was collared to the northwest of the flat-lying vein and was drilled vertically in an attempt to intersect strike extensions of the flat-lying vein. The hole collared in a lamprophyre dike and remained in it for the duration of the hole. It appears that this hole was collared on a vertical or subvertical dike, perhaps striking northwesterly and maybe the same dike as in Hole WW16-1.

Hole WW16-4 was collared at the same location as WW16-4 but was oriented southwesterly at a moderate inclination in an attempt to intersect the flat-lying quartz vein on the other side (west side) of the dike. Several narrow quartz veinlets were intersected with anomalous gold.

Hole WW16-5 was collared in the vicinity of WW16-3, 4 and drilled back to the south in an attempt once again to intercept the flat-lying vein as seen on surface.  This hole was successful in intersecting a zone of quartz veining with intervening altered host rock. A 1.05 metre intercept returned 6.1 g/t Au and 39.1 g/t Ag within a broader interval averaging 3.29g/t Au and 17.7g/t Ag over 2.48 metres.  True width of the zone in this case is approximately 75% of core width.

Hole WW16-6 was collared to test the Whitewater vein system at its western known extension. The main vein was encountered at 18.35 metres downhole and returned 6.8g/t Au and 4g/t Ag over 0.34  metres.  This width is more or less true thickness of the vein at this location.  Further down the hole a narrow pyritic quartz veinlet (2cm ) was intersected. This was included in a 30cm sample that returned 1.51 g/t Au.

Hole WW16-7 was collared at the same location and azimuth as WW16-6 but steepened up in an attempt to intersect the WW vein system deeper down.  Several narrow mm-scale quartz-pyrite veinlets were encountered at the projected location of the WW vein. Only very anomalous gold values were returned over slightly less than a metre. Presumably if the mm-scale veinlets were analyzed separately the gold tenor may very well have been much higher.

Hole WW16-8 was collared more or less in the vicinity of WW16-6, 7 but drilled downhill to intersect the Whitewater Vein structure at an oblique angle.  The location of this hole was mostly predicated on available drill sites. A better site would have been at a lower elevation and drilled orthogonal to the vein. Nonetheless, this hole intersected the thickest (not true) interval of mineralized quartz vein. A 1.25 metre core interval returned 7.8 g/t Au and 17.8 g/t Ag.  This interval represents approximately 1 metre true width. This higher grade interval was included within a broader lower grader interval that averaged 2.13 g/t Au and 5.2g/t Ag over 5.1 metres.  The weakly mineralized rock above and below the main vein is attributable to several narrow (cm-scale) quartz-pyrite veinlets.

Hole WW16-9 was collared to test for deeper parts of the main vein intersected in WW16-6.  The best interval returned 1.21 g/t Au and 1.9 g/t Au over 0.7metres.  Gold mineralization here was clearly linked to two cm-scale quartz-pyrite veinlets with wallrock alteration dominated by calcite.  This area of mineralization does not exactly correlate with the vein in WW16-6 but the style of veinlets and wallrock alteration are similar.  Fault offsets may explain the spatial difference.

Hole WW16-10 was collared as a deeper test for potential flat-lying gold-bearing quartz veins. The hole was collared on the hangingwall side of the Whitewater Vein near WW16-6 and thus intersected the main Whitewater vein near surface as was expected.  The vein here returned 6.9 g/t Au and 7.6 g/t Ag over 1.00 metre.  The main vein in this interval is about 30cm thick with at least one narrow pyritic veinlet and altered and pyritized wallrock comprising the remainder of the interval.  Other than this interval no significant quartz veins were intersected in this hole.

 

Braveheart Resources Inc. Closes Financing

TORONTO, ONTARIO, August 31, 2016 – Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") has completed a non-brokered private placement financing consisting of 2,285,000 units at $0.05 per unit and 500,000 flow-through units at $0.05 per flow-through unit, for gross proceeds of $139,250.

The units are comprised of one common share and one common share purchase warrant, with each warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.10 for 18 months.  The flow-through units are comprised of one common share and one-half of one common share purchase warrant, with each whole warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.10 for 18 months.  

The proceeds of the financing will be used to advance the Company’s exploration efforts in British Columbia and for general working capital.   

All securities issued pursuant to the financing will be subject to a four-month hold period.


About Braveheart Resources Inc.
 Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold). Braveheart's shares are listed for trading on the TSX Venture Exchange under the symbol BHT. Braveheart has approximately 27,614,505 common shares issued and outstanding.

Contact
Braveheart Resources Inc
David W. Johnston
CEO/President
403-701-2781
davidwjohnston@shaw.ca
Website: www.braveheartresourcesinc.com
 
 
Caution Regarding Forward-Looking Information
This news release includes certain information that may constitute “forward-looking information” under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptionsthat, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company’s continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. 


Neither the 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 of this news release. 

1,000m Drilling Program at Nelson BC Whitewater Property to Commence May 24, 2016

TORONTO, ONTARIO, May 17, 2016 – Braveheart Resources Inc. (TSXV: BHT) (“Braveheart” or, the “Company”) is pleased to announce the latest progress on its 2016 exploration program for its Whitewater gold property near Nelson in southeastern British Columbia.

The Company has contracted the services of Lucky Drilling of Castlegar, BC to carry out a 1000m diamond-drilling program at the Whitewater Property. This initial program will test targets previously identified by mapping and sampling exploration activities in 2015. The snowmelt has occurred much more rapidly than in earlier years and the Company considers that the program is about one month ahead of its previous planned schedule. The program is anticipated to take about 3 weeks to complete; initial drill results should be available before the end of June. A second round of drilling is planned for the fall to follow up on this first program. 

The Company has recently submitted an application for a 1,000 tonne bulk sample permit from the British Columbia Ministry of Energy and Mines, anticipating approval by the end of July. Results from the drilling program could influence the final location of the bulk sample excavation.
The Whitewater Property is a former gold producer with the last known production being shipped to the Cominco smelter in Trail BC for direct processing. The area chosen for the bulk sample is in the same vicinity of the adit used to extract that ore.

The Company earlier announced the closing of the first tranche of a financing of  $273,000 comprised of units and flow through units at $0.05. Each unit includes one common share and a warrant which entitles the holder to acquire one additional common share at a price of $0.10 for 18 months. The flow through units includes one common share and one-half warrant where each warrant entitles the holder to acquire one additional common share at $0.10 for 18 months. A second tranche under the same terms is planned to close in June 2016.


About Braveheart Resources Inc.
 
Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold). Braveheart's shares are listed for trading on the TSX Venture Exchange under the symbol BHT.V. Braveheart has approximately 24,829,506 common shares issued and outstanding.

Contact
Braveheart Resources Inc
David W. Johnston
CEO/President
403-701-2781
davidwjohnston@shaw.ca
Website: www.braveheartresourcesinc.com
 
 
Caution Regarding Forward-Looking Information
This news release includes certain information that may constitute “forward-looking information” under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptionsthat, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company’s continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. 


Neither the 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 of this news release. 

Braveheart Resources Inc. Closes Financing

TORONTO, ONTARIO, May 11, 2016 - Braveheart Resources Inc. (TSXV: BHT) (“Braveheart” or, the “Company”) has completed a non-brokered private placement financing consisting of 4,760,000 units at $0.05 per unit for gross proceeds of $238,000 and 700,000 flow through units for gross procedures of $35,000. 

The units are comprised of one common share and one common share purchase warrant, with each warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.10 for 18 months.  

The flow through units are comprised of  one common share and one-half warrant where each warrant entitles the holder to acquire one additional common share at $0.10 for 18 months. 

The proceeds of the financing will be used to advance the Company’s exploration efforts in British Columbia and for general working capital.   

All securities issued pursuant to the financing will be subject to a four month hold period.

The offering is subject to final approval of the TSX Venture Exchange.

 

About Braveheart Resources Inc.
Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold). Braveheart's shares are listed for trading on the TSX Venture Exchange under the symbol BHT.V. Braveheart has approximately 24,829,506 common shares issued and outstanding.

Contact
Braveheart Resources Inc
David W. Johnston, CEO/President
403-701-2781
davidwjohnston@shaw.ca

Caution Regarding Forward-Looking Information
This news release includes certain information that may constitute “forward-looking information” under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptionsthat, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company’s continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. 

Neither the 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 of this news release. 

 

Braveheart Resources – Update on Test Results from Whitewater Property near Nelson, BC

TORONTO, ONTARIO, April 6, 2016 – Braveheart Resources Inc. (TSXV: BHT) (“Braveheart” or, the “Company”) is pleased to announce the latest progress on its 2016 exploration program for its Whitewater gold property in southeastern British Columbia.

The Company transported approximately 30 kg of material from the Whitewater Property to a commercial gold processing plant. After crushing and blending the entire sample, two separate pulps were prepared and each was analyzed in duplicate. The overall average of the four analyses was 15.64 g/t Au.

The plant’s technical team then proceeded with the balance of its standard metallurgical test work which included leach tests and multi-element geochemistry. The head grades of the material tested ranged between 8.77 and 18.57 g/t Au. Recoveries were calculated using an average of 8.89 g/t Au. The associated bottle roll results showed an average gold recovery of 95.12%.

Subsequent to these tests Braveheart has received a draft copy of an ore purchase and sale agreement from the commercial gold processing plant. The Company intends to review the document and use it as a basis to negotiate an arrangement for the plant to process material from the planned 1,000 tonne bulk sample this year. This implies that Braveheart would excavate the material at the Whitewater deposit, load it into trucks and haul this material directly to the processing plant. The agreement spells out in detail the amount Braveheart would receive based on assays from the delivered product.

Braveheart expects to submit its application for the bulk sampling permit before the end of April. The Company has already received a permit from the British Columbia Ministry of Energy and Mines for a 1,500m drill program on the Whitewater property in 2016.

The Company earlier announced a financing of up to $500,000 comprised of units and flow through units at $0.05. Each unit includes one common share and a warrant which entitles the holder to acquire one additional common share at a price of $0.10 for 18 months. The flow through units include one common share and one-half warrant where each warrant entitles the holder to acquire one additional common share at $0.10 for 18 months. The proceeds of the financing will be used to fund the Company’s 2016 exploration efforts in British Columbia and for general working capital. It is anticipated that this financing should also be complete by the end of April.

 

About Braveheart Resources Inc.
Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold). Braveheart's shares are listed for trading on the TSX Venture Exchange under the symbol BHT.V. Braveheart has approximately 19,369,506 common shares issued and outstanding.

Qualified Person
Braveheart’s disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Jim Decker, P.Eng., a director of Braveheart who serves as a qualified person under the definition of National Instrument 43-101.

Contact
David W. Johnston, CEO/President
403-701-2781
davidwjohnston@shaw.ca

Caution Regarding Forward-Looking Information
This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward- looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, (more) uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.

All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Neither the 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 of this news release.

Update on Assays for bulk sample on Whitewater Property near Nelson, BC

TORONTO, ONTARIO, February 4, 2016 – Braveheart Resources Inc. (TSXV: BHT) (“Braveheart” or, the “Company”) is pleased to announce the latest progress on the Bulk Sampling project on its Whitewater gold property in southeastern British Columbia.

The Company transported 354 kg of material to Mt. Baker Mining & Metals in Bellingham, WA where it was crushed and screened. The 354 kg rock sample assayed 15.5 g/t of gold. A concentrated sample of 3.1 kg assayed 1,240 g/t of gold. Overall gold recovery from the sample was 70% using only gravimetric methods.

All assaying has been performed by Met-Solve Analytical Services located in Langley, BC.

As a result of this bulk sample from the Whitewater property, the Company will apply for
a bulk sampling permit of up to a thousand tons for the same property. The Company has received a Notice of Work (NOW) permit from the British Columbia Ministry of Energy and Mines to commence a 1,500m drill program on the same Whitewater property for the
summer of 2016.

In addition, the Company announces that it is doing a financing of up to $500,000 comprised of units and flow through units at $0.05. Each unit includes one common share and a warrant which entitles the holder to acquire one additional common share at a price of $0.10 for 18 months. The flow through units include one common share and one-half warrant where each warrant entitles the holder to acquire one additional common share at $0.10 for 18 months. The proceeds of the financing will be used to advance the Company’s exploration efforts in British Columbia and for general working capital.

About Braveheart Resources Inc.
Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold). Braveheart's shares are listed for trading on the TSX Venture Exchange under the symbol BHT.V. Braveheart has approximately 19,369,506 common shares issued and outstanding.

Qualified Person
Braveheart’s disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Jim Decker, P.Eng., a director of Braveheart who serves as a qualified person under the definition of National Instrument 43-101.

Contact
David W. Johnston, CEO/President
403-701-2781
davidwjohnston@shaw.ca

Caution Regarding Forward-Looking Information
This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward- looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, (more) uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.

All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Neither the 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 of this news release.

Braveheart Resources Inc. Closes Financing

Toronto, Ontario -- (Newsfile Corp. – January 22, 2016) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") has completed a non-brokered private placement financing consisting of 4,755,000 units at $0.05 per unit for gross proceeds of $237,750.

The units are comprised of one common share and one common share purchase warrant, with each warrant entitling its holder to acquire one additional common share of Braveheart at a price of $0.10 for 18 months.

The proceeds of the financing will be used to advance the Company’s exploration efforts in British Columbia and for general working capital.

All securities issued pursuant to the financing will be subject to a four month hold period.

About Braveheart Resources Inc.
Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold).

Contact
Braveheart Resources Inc.
David W. Johnston, CEO/President
403-701-2781
davidwjohnston@shaw.ca
Website: www.braveheartresourcesinc.com

Caution Regarding Forward-Looking Information
This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward- looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward- looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Neither the 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 of this news release.

Update on Bulk Sample on Referendum Property near Nelson, BC

TORONTO, ONTARIO, September 25, 2015 – Braveheart Resources Inc. (TSXV: BHT) (“Braveheart” or, the “Company”) is pleased to announce the latest progress on the Bulk Sampling project on its Referendum gold property in southeastern British Columbia.

The Company began the project in 2014 and transported around 250 tonnes of material to Nelson before being shut down for the winter. The material have been crushed and screened to -1/2” and separately stockpiled for processing.

Some issues were experienced with the installation and commissioning of the processing equipment which is generally comprised of a small ball mill and Sepro iCon 350 gravity concentrator. These operational difficulties have been addressed and the plant is now running. Approximately 120 tonnes of the stockpiled material has been processed to date, producing some 150 kg of gold bearing black sand.

The processing operation is currently halted to allow time to assess the results, review the program to date and develop a modified plan moving forward. While further testing and confirmation is required, the stockpile grade appears to be <1 g/t. It is felt that this was caused by excessive dilution in the first excavation activities. In order to overcome this obstacle, a trenching program was initiated on September 22 on the Referendum property to identify additional areas for the balance of the bulk sample (around 750 tonnes). The necessary tonnage will be excavated and transported to the Nelson plant during the month of October.

Some preliminary results from the processing operations are as follows:

  • A 1.5 kg black sand sample assayed 129.5 g/t Au;
  • A 4.2 kg black sand sample underwent flotation testing with excellent results including:
  • Overall concentrate grade: 4,452 g/t Au
  • Head grade: 146.2 g/t Au
  • Fine Au fraction (-500 μm) recovery: 99.6%
  • Overall Au recovery: 83.3 %. It is projected that if the +500 μm fraction (grading 57.1 g/t Au) had been floated, overall recovery would be >90%.
  • In addition to the Referendum activities, a large (around 100 kg) grab sample from Whitewater was recently subjected to a crushing/milling/shaker table test at a facility in Bellingham, Washington. This testing produced 4.86 kg of concentrates that assayed 819.6 g/t Au.

All assaying has been performed by Met-Solve Analytical Services and the flotation testing by Met-Solve Laboratories, both companies are located in Langley, BC. Based on these encouraging results, Braveheart is investigating the purchase of a flotation cell to optimize overall gold recovery and permit small-scale smelting;

Braveheart is encouraged with the overall program to date. The main objective of a bulk sample is to obtain technical information on a deposit, particularly mining and physical characteristics and it is felt that significant knowledge has been gained. The Company will be submitting applications for additional bulk sampling on both the Referendum and Whitewater properties for 2016.

About Braveheart Resources Inc.
Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold). Braveheart's shares are listed for trading on the TSX Venture Exchange under the symbol BHT.V. Braveheart has approximately 14,614,505 common shares issued and outstanding.

Qualified Person
Braveheart’s disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Jim Decker, P.Eng., a director of Braveheart who serves as a qualified person under the definition of National Instrument 43-101.

Contact
David W. Johnston, President
403-701-2781
davidwjohnston@shaw.ca

Caution Regarding Forward-Looking Information
This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward- looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, (more) uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.

All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Neither the 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 of this news release.