Braveheart Receives Mines Act Permit Amendment

CALGARY, ALBERTA, (Newsfile Corp. – August 16, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") hereby announces that it has received an amendment to its Mines Act Permit M-33 from British Columbia Energy, Mines and Petroleum Resources (“EMPR”). The amendment provides approval for exploration drilling and groundwater drilling at the permitted mine area of approximately 116 hectares.

The Bull River mine property is currently on care and maintenance. Restarting operations at the mine property including mining, milling and disposal of tailings and waste rock is not permitted at this time. The Company plans to dispose of tailings on surface in a tailings storage facility (“TSF”) utilizing dry stack or filtered tailings technology. Prior to finalizing the location of the proposed TSF the Company plans to complete a condemnation drilling program to ensure that the proposed location is not underlain by economic mineralization. The groundwater drilling program will include the installation of water wells and monitoring of the wells. This information will supplement the surface water monitoring programs already in place at the mine property. Results from the two drilling programs are critical components in support of the Company’s continuing application to restart the operation through the Major Mines Office.

Ian Berzins, President and CEO of Braveheart Resources Inc. commented, “We are extremely pleased to receive this approval from EMPR. This represents another important milestone towards our restart of the Bull River mine property”.

In addition, the Company announces that it has entered into a System Impact Study Agreement with British Columbia Hydro and Power Authority (“BC Hydro”). The Company is currently connected to grid power but plans to increase the load to 7.5 MVA prior to a restart of operations. The study is required to assess the impact of connecting the customer’s plant to BC Hydro’s transmission system.

About Braveheart Resources Inc.
Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart’s main asset is the newly acquired Bull River Mine, an advanced stage copper, gold and silver property. The property is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.

Contact Information
Ian Berzins, P.Eng., ICD.D

President & Chief Executive Officer
403-512-8202
braveheartresources@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 in this news release include, but are not limited to, statements with respect to completing the acquisition of Purcell, including raising the requisite funding to do so. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.

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.

Braveheart Raises $730,000 Through Exercise of Warrants

CALGARY, ALBERTA, (Newsfile Corp. – July 29, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") hereby announces that it has raised new funds through the exercise of $0.12 warrants that were issued on July 28, 2017. In total 6,083,334 warrants were exercised and 6,083,334 common shares have been issued for gross proceeds of $730,000.

Proceeds will be used to support care and maintenance activities at the Bull River Mine property, permitting activities associated with the restart of the mine and infrastructure up-grades.

Ian Berzins, President and CEO of Braveheart Resources Inc. commented, “We are extremely pleased to see the continued financial support from our shareholder base.”

About Braveheart Resources Inc.
Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart’s main asset is the newly acquired Bull River Mine, an advanced stage copper, gold and silver property. The property is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.

Contact Information
Ian Berzins, P.Eng., ICD.D

President & Chief Executive Officer
403-512-8202
braveheartresources@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 in this news release include, but are not limited to, statements with respect to completing the acquisition of Purcell, including raising the requisite funding to do so. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.

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.

Braveheart Commences 2019 Exploration Program at Bull River Property

CALGARY, ALBERTA, (Newsfile Corp. – July 16, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") hereby announces that it has begun its 2019 exploration program at the Bull River Mine property. The program is fully funded.

The initial focus of the program is on the former past producing Empire-Strathcona property which is located on the Company's 100% owned Bull River land package. The claims are underlain by Precambrian argillite and argillaceous quartzite of the Aldridge formation. The quartz siderite vein system has been exposed by two open cuts and two adits. Mineralization is primarily copper and silver. Mine geologists recently collected five grab samples from an upper adit, upper adit dump and an exposed rock cut. Assay results from these grab samples ranged from 0.22% to 7.10% copper. . Detailed assay results from all grab samples can be reviewed in Table 1 below. It should be noted that grab samples are selected samples and are not necessarily representative of the mineralization hosted on the property.

The Empire Strathcona property has been discussed in the Annual Reports of the Minister of Mines, British Columbia for 1898, 1929, 1930 and 1937. In 1937 two grab samples were selected by the British Columbia Department of Mines engineer from the upper adit dump. The samples yielded grades of 8.9% and 4.2% copper from visible chalcopyrite and pyrrhotite. Government records indicate that in the 1930's mineralized material was transported from the lower adit of the mine, via a 580 m tram-line to the valley bottom and then to a smelter. There are no historical estimates for the tonnage and grade of mineralized material that was mined at the property. As of mid-June 2019, a diamond drill has been mobilized to the site in proximity to the lower adit of the mine. The drill is targeting potential mineralization down dip and along strike of previous underground workings at the Empire Strathcona.

Mine geologists also collected two grab samples from a caved stope at the Company's Don prospect. These samples returned assays of 19.50% and 16.27% copper from a vein averaging 0.9 to 1.1 m in width. The Don was acquired as part of the large contiguous land package at the Bull River property but is not currently included in the Multi Year Area Based ("MYAB") permit that the Company recently received from BC Energy Mines and Petroleum Resources for exploration drilling at the Bull River mine; thus, drilling cannot commence until a new MYAB permit is approved or the current MYAB permit is amended. There are no historical estimates for the tonnage and grade of mineralized material mined at the property; however, based on these samples further exploration work is justified. The Company is pleased to report that as of July 10, 2019 589 hectares of mineral claims, immediately adjacent to the Don prospect, and contiguous to the current 9,785 hectare land package have been added to the Bull River land holdings.

Table 1
2019 Grab Sample Results

    FA330 MA370 MA370 MA370 MA370 MA370
    Au Mo Cu Pb Zn Ag
Sample ID Location PPM % % % % PPM
170501 EM Upper Adit Drift 0.07 <0.001 0.61 <0.02 0.01 7.00
170502 EM Upper Adit Dump 0.01 <0.001 0.22 <0.02 0.02 2.00
170503 EM Upper Adit Dump 0.03 <0.001 0.66 <0.02 0.03 9.00
170504 EM Upper Adit Dump 1.23 <0.001 7.10 <0.02 0.14 98.00
170505 Don Caved Stope 0.03 <0.001 19.50 <0.02 <0.01 23.00
170506 Don Caved Stope 0.03 <0.001 16.27 <0.02 <0.01 32.00
170507 EM Rock Cut 0.05 <0.001 0.92 <0.02 0.04 12.00

Ian Berzins, President and CEO of Braveheart Resources commented, "With the acquisition of Purcell Basin Minerals we have the opportunity to explore a large land package within proximity to our central milling facility. Our 2019 exploration programs are fully funded and we have multiple targets which we plan to evaluate in a systematic approach."

About Braveheart Resources Inc.
Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart's main asset is the newly acquired Bull River Mine, an advanced stage copper, gold and silver property. The property is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.

Quality Assurance/Quality Control Procedures and Protocol
The Company has implemented a quality assurance and control ("QA/QC") program to ensure all sampling and analysis is conducted in accordance with industry standards. Sampling at the Company's properties includes thorough quality control with complete chain of custody of samples, sample collection procedures, the insertion of certified reference standards and blanks on a regular basis and data verification procedures. Samples are processed by Bureau Veritas Mineral Laboratories in Vancouver, British Columbia, Canada (ISO9001:2008 accreditation).

Qualified Person
Braveheart's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Ian Berzins, P.Eng., ICD.D who serves as President, CEO and Director of the Company and is a qualified person under the definition of NI 43-101.

Contact Information
Ian Berzins, P.Eng., ICD.D

Chief Executive Officer
403-512-8202
braveheartresources@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 in this news release include, but are not limited to, statements with respect to completing the acquisition of Purcell, including raising the requisite funding to do so. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.

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.

Braveheart Resources Inc. Announces Closing of $200,000 Financing

CALGARY, ALBERTA, (Newsfile Corp. – June 19, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") has completed a private placement financing of flow-through shares for gross proceeds of $150,000. The Company issued 882,353 flow-through shares at an issue price of $0.17 per share. In addition, the Company issued 333,333 units at an issue price of $0.15 per unit, for gross proceeds of $50,000. Each unit was comprised of one common share and one-half of one common share purchase warrant, with each full warrant exercisable into a common share at an exercise price of $0.21 per share for a period of 24 months.

The Company paid finders fees totalling $20,000 and issued 60,784 finder warrants, with each finder warrant exercisable into a common share of the Company at an exercise price of $0.17 per share for a period of 24 months.

The proceeds of the financing will be used to fund the Company's exploration efforts in British Columbia.

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 mining company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart's main asset is the newly acquired Bull River Mine, an advanced stage copper, gold and silver mine. The mine is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.

Qualified Person
Braveheart’s disclosure of a technical or scientific nature in this news release has been reviewed and approved by Ian Berzins, P.Eng., ICD.D who serves as CEO and Director of the Company and is a qualified person under the definition of NI 43-101.

Contact Information
Ian Berzins, P.Eng., ICD.D

Chief Executive Officer
403-512-8202
braveheartresources@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.

Braveheart Resources Inc. Announces Closing of $500,000 Flow-Through Financing

CALGARY, ALBERTA, (Newsfile Corp. – June 6, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") has completed a private placement financing of flow-through shares for gross proceeds of $500,000. The Company issued 2,941,177 flow-through shares at an issue price of $0.17 per share.

The Company paid finders fees totalling $50,000 and issued 294,118 finder warrants, with each finder warrant exercisable into a common share of the Company at an exercise price of $0.17 per share for a period of 24 months.

The proceeds of the financing will be used to fund the Company's exploration efforts in British Columbia.

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 mining company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart's main asset is the newly acquired Bull River Mine, an advanced stage copper, gold and silver mine. The mine is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.

Qualified Person
Braveheart’s disclosure of a technical or scientific nature in this news release has been reviewed and approved by Ian Berzins, P.Eng., ICD.D who serves as CEO and Director of the Company and is a qualified person under the definition of NI 43-101.

Contact Information
Ian Berzins, P.Eng., ICD.D

Chief Executive Officer
403-512-8202
braveheartresources@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.

Braveheart Receives Drilling Permit for Bull River Operations

CALGARY, ALBERTA, (Newsfile Corp. – June 5, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") is pleased to report that it has received approval from the British Columbia Ministry of Energy, Mines and Petroleum Resources for a Multi-Year Area Based Permit (“MYAB”) that will allow the Company to begin exploration activities at its newly acquired Bull River operations.

The MYAB permit allows the Company the opportunity to conduct exploration activities over a five-year time period in an area which includes five known BC Minfile occurrences including the CEDAR/G Zone, Dean, REX, Empire Strathcona and Burt. This area is included in the Company’s 10,285 hectare contiguous land package. Preliminary work was conducted by the previous owner in 2017 and 2018 in terms of prospecting, sampling and geophysical surveys. The 2019 program will be primarily focused on diamond drilling from surface utilizing a skid-mounted diamond drill capable of drilling to depths of up to 1,000 metres with NQ2 core.

The area has an extensive infrastructure of road access, therefore, no new roads will be required. Numerous past historical activities have taken place within the proposed work area including trenching, diamond drilling and limited mining activity by tunneling from surface adits. Most of the property is free from snow beginning in April until November, and the road access infrastructure allows for year round drilling at lower elevations.

Ian M. Berzins, President and CEO, Braveheart Resources commented, “We are pleased to receive the MYAB permit and begin our 2019 drilling program at the Bull River property. We have some very prospective targets based on the historical work done in the area by previous owners and our infrastructure affords us excellent access to our planned drill locations”.

In addition, the Company announces the granting of up to 6,300,000 options at a strike price of $0.16 and an expiry date of five years to officers, directors, employees and consultants of the Company.

About Braveheart Resources Inc.
Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart’s main asset is the newly acquired Bull River Mine, an advanced stage copper, gold and silver mine. The mine is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.

Qualified Person
Braveheart’s disclosure of a technical or scientific nature in this news release has been reviewed and approved by Ian Berzins, P.Eng., ICD.D who serves as CEO and Director of the Company and is a qualified person under the definition of NI 43-101.

Contact Information
Ian Berzins, P.Eng., ICD.D

Chief Executive Officer
403-512-8202
braveheartresources@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 in this news release include, but are not limited to, statements with respect to completing the acquisition of Purcell, including raising the requisite funding to do so. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.

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.

Braveheart Further Restructures Management Team

CALGARY, ALBERTA, (Newsfile Corp. – June 3, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") is pleased to announce that it has completed further restructuring of the management team.

Mr. Doug Porter, CFO of the Company, will step down in his capacity as CFO. Mr. Dwayne Vinck will assume the role of CFO effective immediately. As the company transitions from an exploration and development to producing company, the demands on financial support will increase significantly. These changes have been implemented in order to prepare the Company for its evolution to producing status.

Dwayne Vinck is an independent financial consultant, based in Calgary Alberta. He is a Chartered Professional Accountant with over 30 years of business experience including public accounting and financial reporting, directorships, executive leadership, change management, project leadership and mergers and acquisition. He operates a public accounting services firm, is Board Chairman of Sulphur Recovery Engineering, CFO and former Director of West High Yield Resources Ltd. (TSXV:WHY) and currently a volunteer Treasurer and National Director of Kids Help Phone. He graduated from University of Manitoba with a Bachelor of Commerce (Honours) and is a member of the Chartered Professional Accountants of Alberta and the Institute of Corporate Directors.

Ian M. Berzins, President and CEO of Braveheart commented, “I want to thank Doug for his contributions to Braveheart during the last year. In his tenure Doug provided stability in financial reporting. Our transformational acquisition of Purcell Basin Minerals came together seamlessly, and I thank Doug for his support in that team effort. I also welcome Dwayne to the Company. We are confident that he can provide us with the required support for the Company as we embark on the next phase of our journey”.

Dwayne Vinck commented “I am pleased to join Braveheart Resources at this time in their evolution. Braveheart has some advanced stage mining projects and an experienced management team. I look forward to helping the team as we become an operating mining company”.

About Braveheart Resources Inc.
Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart’s main asset is the newly acquired Bull River Mine, an advanced stage copper, gold and silver mine. The mine is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.

Qualified Person
Braveheart’s disclosure of a technical or scientific nature in this news release has been reviewed and approved by Ian Berzins, P.Eng., ICD.D who serves as CEO and Director of the Company and is a qualified person under the definition of NI 43-101.

Contact Information
Ian Berzins, P.Eng., ICD.D

Chief Executive Officer
403-512-8202
braveheartresources@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 in this news release include, but are not limited to, statements with respect to completing the acquisition of Purcell, including raising the requisite funding to do so. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.

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.

Braveheart Restructures Management Team

CALGARY, ALBERTA, (Newsfile Corp. – May 13, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") hereby announces that it has implemented a planned restructuring of the management team.

Under the restructuring Phil Keele, President and Director of the Company, will step down as President but will remain as a Director of the Company. Ian Berzins, CEO and Director will assume the responsibilities of President in addition to his role as CEO and Director. Jim Decker, Vice President Investor Relations, will step down from his role and investor communications will be assumed by Beverly Brooks with Brooks Communications on a contract basis. These changes were implemented to provide for a more stream-lined management structure and to improve communication with our investors.

David W. Johnston, Chairman of Braveheart commented, “I want to thank Phil for his commitment and dedication to Braveheart. During his tenure Phil was instrumental in improving the asset base for Braveheart, bringing in new shareholders to the Company and working with Ian to complete a complex business transaction with the acquisition of Purcell Basin Minerals Inc. This acquisition is transformational for the Company. I am pleased to report that Phil will stay on as a Director of the Company. I also want to recognize Jim Decker for his contributions as a founder and for his development of our shareholder base. Jim was also very influential in recruiting seasoned mining executives to Braveheart as Officers and Directors”.

Phil Keele, President of Braveheart commented, “this transition has been planned for some time and I am confident that Ian will be able to move the company forward with an expectation of free cash flow in the foreseeable future, based on his knowledge and experience with capital markets and as a mine builder of underground mining operations. I am pleased to work with Ian and the entire Board to maximize shareholder value”.

About Braveheart Resources Inc.
Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart’s main asset is the newly acquired Bull River Mine, an advanced stage copper, gold and silver mine. The mine is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.

Qualified Person
Braveheart’s disclosure of a technical or scientific nature in this news release has been reviewed and approved by Ian Berzins, P.Eng., ICD.D who serves as CEO and Director of the Company and is a qualified person under the definition of NI 43-101.

Contact Information
Ian Berzins, P.Eng., ICD.D

Chief Executive Officer
403-512-8202
braveheartresources@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 in this news release include, but are not limited to, statements with respect to completing the acquisition of Purcell, including raising the requisite funding to do so. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.

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.

Braveheart Completes Implementation of Plan of Arrangement

CALGARY, ALBERTA, (Newsfile Corp. – May 8, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") is pleased to announce that it has completed implementation of the previously announced acquisition of Purcell Basin Minerals Inc. (“Purcell”) pursuant to a Plan of Arrangement (“Plan”) and made pursuant to the Companies’ Creditors Arrangement Act (“CCAA”).

Under the Plan, Braveheart made an offer to existing shareholders of Purcell that, if accepted, would allow them to acquire new shares of Braveheart. Purcell shareholders were given an offer to acquire up to 16.5 million units ("Units") of Braveheart. Each Unit is comprised of one common share of Braveheart and one warrant, with each warrant entitling the holder to purchase a Braveheart common share at a price of $0.15 per share for a period of 12 months. Each Purcell shareholder, regardless of how many Purcell shares were held by the shareholder, had to make a flat cash payment of $1,000 for all the Units purchased. Purcell shareholders were given a period of 90 days from completion of the acquisition on January 18, 2019 to exercise their option to acquire Braveheart shares. The option period has closed and 15,994,880 shares will be issued to 118 former shareholders of Purcell who elected to exercise the option.

Ian Berzins, CEO, Braveheart commented, “I am pleased to see that this final component of the Plan is complete. I welcome our new shareholders many of whom are intimately familiar with the physical assets at the Bull River Mine and have visited the mine on multiple occasions. The addition of these new shareholders significantly increases our retail shareholder base”.

The Company has initiated the process of amending the current Mine Permit to allow for increased mine throughput, onsite milling and permission to dispose of tailings. The Company is planning to utilize dry stack tailings deposition. This is one of the best available technologies for tailings disposal as it eliminates the need for pond and dam impoundment structures. Concurrent with the permit application the Company is sourcing several capital items to allow the mill to go back into operation including a surface transformer and flotation cells for the mill. Additionally, the Company has applied for a Multi Year Access Based Permit with the British Columbia Ministry of Energy, Mines & Petroleum Resources to allow for surface diamond drilling. The focus of the drilling program will be on the Rex and G Zones that are contained within the Company’s contiguous land package of 10,285 hectares.

About Braveheart Resources Inc.
Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart’s main asset is the newly acquired Bull River Mine, an advanced stage copper, gold and silver mine. The mine is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.

Qualified Person
Braveheart’s disclosure of a technical or scientific nature in this news release has been reviewed and approved by Ian Berzins, P.Eng., ICD.D who serves as CEO and Director of the Company and is a qualified person under the definition of NI 43-101.

Contact Information
Ian Berzins, P.Eng., ICD.D

Chief Executive Officer
403-512-8202
braveheartresources@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 in this news release include, but are not limited to, statements with respect to completing the acquisition of Purcell, including raising the requisite funding to do so. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.

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.

Braveheart Resources Inc. Appoints Gestur Kristjansson as Director

CALGARY, ALBERTA, (Newsfile Corp. – February 14, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") has appointed Gestur Kristjansson as a Director of the Company.

Mr. Kristjansson holds a BA in Advanced Applied Economics from the University of Manitoba as well as a MBA from the University of British Columbia. Additionally, he is a chartered professional accountant (CPA, CA) and recently obtained his ICD.D designation from the Institute of Corporate Directors. Mr. Kristjansson has over 30 years of experience in accounting, financial management, corporate finance and mergers and acquisitions. He has participated in multiple equity and debt raises with over $400 million sourced. He previously held the role of Chief Financial Officer and VP Finance of a publicly listed Canadian gold mining company for a period of eight years during which he was also interim President and CEO. Mr. Kristjansson brings valuable experience to Braveheart as it transitions to a producing mining company. Mr. Kristjansson is a business owner/operator and resides in Winnipeg with his wife and two sons.

David W. Johnston, Chairman of the Board stated; “I am delighted to welcome Gestur Kristjansson to the Board during this transformational period for Braveheart. Gestur’s appointment further strengthens the depth of our Board following the appointment of John Morgan in July 2018”. As previously disclosed in the Company’s website Mr. Morgan holds a BSc. in Geology from the University of British Columbia. He is a seasoned mining executive with over 40 years of experience with a strong technical and financial background both in public and private companies. Most recently Mr. Morgan retired as President, COO and Director of Atlantic Gold Corporation.

Ian Berzins, Chief Executive Officer, added, “I too want to welcome Gestur Kristjansson to the Board and look forward to working with him once again. The recent appointments of Mr. Kristjansson and Mr. Morgan as independent directors strengthens the depth of our Board as we move forward with the re-permitting of our newly acquired Bull River Mine near Cranbrook, British Columbia”.

About Braveheart Resources Inc.
Braveheart Resources Inc. is a Canadian based junior exploration company focused on building shareholder value through exploration and development in the favorable and proven mining jurisdictions of the East and West Kootenays of British Columbia.

We seek Safe Harbour.

Contact Information
Ian Berzins, P.Eng., ICD.D

Chief Executive Officer
403-512-8202
braveheartresources@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.

Braveheart Resources Inc. Evaluating Potential for Cobaltite Recovery at Newly Acquired Gallowai Bul River Mine

CALGARY, ALBERTA, (Newsfile Corp. – January 28, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") is evaluating the potential for recovery of cobaltite at its newly acquired Gallowai Bul River Mine (“Bul River”) near Cranbrook, British Columbia. Mineralization at Bul River consists of pyrite, pyrrhotite, and chalcopyrite with minor local galena, sphalerite, arsenopyrite, cobaltite, and traces of tetrahedrite and native gold. There is no estimate of cobaltite in the current mineral resource.

In 2015 metallurgical work was carried out by ALS Metallurgy in Kamloops, British Columbia on 25 kg composite samples from underground and surface to test for copper and gold recovery through flotation. Both composites had copper head grade values of 1.27% Cu. For the surface composite approximately 95% of the copper and 92% of the gold was recovered to a copper concentrate grading about 26% copper and 24.1 g/t gold. For the underground composite approximately 90% of the copper and 60% of the gold was recovered to a concentrate grading 30% copper and 11.4 g/t gold. A multi-element analysis of the copper concentrates indicated cobalt recovery of 906 g/t and 964 g/t in the surface and underground composites respectively. Typically, smelters do not pay for cobalt that is captured with the copper concentrate while gold and silver credits will be paid.

As part of its due diligence on the acquisition of Purcell Basin Minerals in June 2018 Braveheart collected chip samples from the walls of the underground workings in areas where cobaltite was visibly present under the supervision of Ian Berzins, P.Eng. of Braveheart. Chain of custody was maintained by Braveheart and a 9 kg sample was shipped to SGS Mineral Services (“SGS”) in Vancouver, British Columbia for analysis. The head analysis for the sample was 0.13% Cu, 1.4 g/t Ag, 0.09 g/t Au and 0.05% Co.

The purpose of the recent testing at SGS was to determine whether cobalt could be recovered to a pyrite concentrate through a secondary flotation process, thereby creating potential by-product credits. A bulk chalcopyrite flotation test was first conducted on the sample to produce a copper rich concentrate and tailings for cobaltite testing. Flotation testing was completed on the combined tailings of the rougher tailings and the 1st cleaner tailings to evaluate the floatability of cobaltite with pyrite. The head grade of the rougher and cleaner tailings was 0.04% cobalt indicating that approximately 80% of the cobaltite was reporting to tailings. Flotation testing produced a cleaner concentrate with a recovery of 74.8% cobalt at a grade of 0.66% Co.

The initial test work indicates that cobalt can be recovered to a pyrite concentrate but further test work is required to determine whether a pyrite concentrate can be produced with sufficiently high cobalt content to support cobalt extraction and purification. Further cobaltite testing will be conducted on mineralized material from the surface stockpile within the next two months to determine whether a separate cobaltite and pyrite flotation circuit is warranted as an addition to the current mill circuit design.

About Braveheart Resources Inc.
Braveheart is a Canadian based junior exploration company focused on building shareholder value through exploration and development in the favorable and proven mining jurisdictions of the East and West Kootenays of British Columbia.

Qualified Person
Braveheart’s disclosure of a technical or scientific nature has been reviewed and approved by Ian Berzins, P.Eng., Braveheart’s CEO, who serves as a qualified person under the definition of National Instrument 43-101. We seek Safe Harbour.

Contact Information
Ian Berzins, P.Eng.

Chief Executive Officer
403-512-8202
braveheartresources@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.

Braveheart Completes Acquisition of Purcell Basin Minerals Inc.

CALGARY, ALBERTA, (Newsfile Corp. – January 21, 2019) - Braveheart Resources Inc. (TSXV: BHT) ("Braveheart" or, the "Company") is pleased to announce that it has completed the previously announced acquisition of Purcell Basin Minerals Inc. (“Purcell”) pursuant to a Plan of Arrangement (“Plan”) and made pursuant to the Companies’ Creditors Arrangement Act (“CCAA”).

Under the terms of the Plan, Braveheart settled all priority payables including the costs of the Court appointed Monitor under the CCAA proceedings, related legal expenses and the interim financing currently in place and being paid by the debtor in possession. The cash cost of the priority payables is $1,184,652.

Braveheart will issue shares and warrants to CuVeras LLC (“CuVeras”) and its unit holders. Braveheart will also issue shares to unsecured creditors of Purcell and will make an offer to existing shareholders of Purcell that, if accepted, would allow them to acquire new shares of Braveheart.

The unit holders of CuVeras LLC (“CuVeras”), one of two secured creditors of Purcell, have been issued 10 million common shares of Braveheart and 10 million warrants of Braveheart, with each warrant entitling the holder to purchase a Braveheart common share at a price of $0.15 per share for a period of 12 months. Braveheart has purchased CuVeras’ senior secured position for $6,000,000 in the form of a convertible debenture, which will mature three years from the date of issuance. The debenture will accrue annual interest of 0%, 1% and 2% respectively in the first, second and third year of the debenture. After two years, 40% of the principal amount of the debenture can be converted into shares of Braveheart at a price of $0.40 per share. After three years, the remaining 60% of the principal amount of the debenture can be converted into shares of Braveheart at a price of $0.50 per share. If the convertible debenture is fully converted into common shares of Braveheart, an aggregate of 13,200,000 common shares would be issuable to CuVeras.

Highlands Pacific LLC and Highlands Pacific Partners LP and related entities controlled by Brendan MacMillan (“MacMillan Group”), the second secured creditor of Purcell, has been paid $2,500,000 in exchange for releasing all claims against the assets of Purcell and all claims against CuVeras and those parties have settled all litigation between them.

Unsecured creditors of Purcell have received 30% of their claim value in common shares of Braveheart at a price of $0.10 per share based on a satisfactory proof of claim, resulting in the issuance of 4,276,248 common shares of Braveheart. An additional 2,422,101 common shares of Braveheart have been reserved for issuance for the settlement of claims of unsecured creditors which have not yet been finally determined, but as of today's date have not been allowed by the Court appointed Monitor.

The Purcell equityholders will be given an offer to acquire up to 16.5 million units ("Units") of Braveheart. Each Unit will be comprised of one common share of Braveheart and one warrant, with each warrant entitling the holder to purchase a Braveheart common share at a price of $0.15 per share for a period of 12 months. Each Purcell equityholder, regardless of how many Purcell shares held by such equityholder, will have to make a flat cash payment of $1,000 for all the Units purchased.

In order to finance the cash costs of the transaction, Braveheart has entered into a loan agreement with Matlock Farms Ltd., a company controlled by Aaron Matlock, a director of Braveheart. The loan has a principal amount of $5,000,000 and carries an interest rate of 14.8% for a term of four years. Interest will only accrue for the first two years, and commencing in the third year, Braveheart will be required to make blended payments comprised of principal and interest.

Due to the fact that Matlock Farms Ltd. is controlled by an insider and a related party of the Company, this transaction is considered a "related party transaction" as set out in Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemption from the valuation requirements of MI 61-101 contained in section 5.5(a), and from minority approval requirements pursuant to section 5.7(f), due to the fact that the loan is on reasonable commercial terms that are not less advantageous to Braveheart than if the loan or credit facility were obtained from a person dealing at arm’s length with Braveheart, and the loan is not convertible into equity securities of Braveheart.

The Company has completed a National Instrument 43-101 technical report in respect of the Gallowai Bul River Mine in the East Kootenays of southeast British Columbia. The report was completed by Moose Mountain Technical Services (“MMTS”) on November 4th, 2018 and conforms to NI 43-101 Standards of Disclosure for Mineral Projects.

The report by MMTS estimates mineral resources in the indicated and inferred categories as outlined in Tables 1.1 and 1.2. The tables summarize indicated and inferred resources over a range of copper equivalent (“CuEq”) cut-offs. Based on a 0.6% CuEq cut-off the estimated indicated mineral resource is 2.179 million tonnes at a grade of 1.809% CuEq. Based on a 0.6% CuEq cut-off the estimated inferred mineral resource is 0.513 million tonnes at a grade of 1.503% CuEq. The base case for potential underground mining of the deposit is highlighted in the resource tables.

Table 1 Bul River Deposit Mineral Resource Estimate – Indicated – Base Case Cut-off of 0.6% Equivalent Cu - Effective Date November 4, 2018

Cut-off Cu Eqv. (%)

In situ

In situ Grades

In Situ Metal

Tonnage

Cu Eqv.

Cu

Au

Ag

NSR

Cu

Au

Ag

(Ktonnes)

(%)

(%)

(gpt)

(gpt)

($US)

(000 lbs)

(kOz)

(kOz)

0.4

2,678

1.564

1.307

0.315

10.5

93.12

77,198

27

903

0.6

2,179

1.809

1.517

0.352

12.2

107.70

72,902

25

857

0.8

1,809

2.038

1.716

0.381

13.9

121.33

68,409

22

810

1.0

1,511

2.263

1.911

0.407

15.6

134.69

63,670

20

758

1.2

1,280

2.473

2.095

0.430

17.2

147.23

59,128

18

708

1.4

1,091

2.677

2.273

0.451

18.8

159.36

54,687

16

659

1.6

924

2.891

2.460

0.472

20.5

172.09

50,112

14

608

1.8

790

3.093

2.637

0.490

22.2

184.12

45,951

12

563

2.0

674

3.299

2.818

0.504

23.9

196.35

41,905

11

519

Notes:

  1. CIM (2014) definitions were followed for Mineral Resources.

  2. Mineral Resources are estimated over a range of cut-off grades based on copper equivalent (CuEq). Equivalency factors include consideration of:

    • Metal prices – US$3.00 per lb Cu, US$20 per oz Ag, and US$1,300 per oz Au.

    • Metallurgical recoveries – 90% Cu, 90% Ag, 70% Au

    • CuEqv = Cu% + (Augpt*0.9*$1300/31.1034+Agppm*0.9*$20/31.1034)/($3.00*0.90*22.0462)

    • A minimum mining width of 2.5m has been used to limit the resource to potential extractable mining widths

  3. The operating costs used in estimating the cut-off grade are based Mining Cost = $25/tonne, Processing Cost = $10/tonne.

  4. Numbers may not add due to rounding.

Table 2 Bul River Deposit Mineral Resource Estimate – Inferred - Base Case Cut-off of 0.6% Equivalent Cu - Effective Date November 4, 2018

Cut-off Cu Eqv. (%)

In situ

In situ Grades

Metal

Tonnage

Cu Eqv.

Cu

Au

Ag

NSR

Cu

Au

Ag

(Ktonnes)

(%)

(%)

(gpt)

(gpt)

($US)

(000 lbs)

(kOz)

(kOz)

0.4

669

1.266

1.075

0.244

7.3

75.35

15,862

5

156

0.6

513

1.503

1.279

0.284

8.7

89.46

14,474

5

144

0.8

426

1.668

1.419

0.316

9.7

99.30

13,332

4

132

1.0

343

1.855

1.575

0.356

10.7

110.40

11,911

4

118

1.2

268

2.067

1.753

0.401

12.0

123.03

10,376

3

103

1.4

217

2.247

1.903

0.440

13.1

133.74

9,125

3

92

1.6

162

2.508

2.123

0.491

14.8

149.30

7,570

3

77

1.8

128

2.724

2.306

0.531

16.1

162.12

6,493

2

66

2.0

104

2.918

2.473

0.566

17.2

173.69

5,644

2

57

Notes:

  1. CIM (2014) definitions were followed for Mineral Resources.

  2. Mineral Resources are estimated over a range of cut-off grades based on copper equivalent (CuEq). Equivalency factors include consideration of:

    • Metal prices – US$3.00 per lb Cu, US$20 per oz Ag, and US$1,300 per oz Au.

    • Metallurgical recoveries – 90% Cu, 90% Ag, 70% Au

    • CuEqv = Cu% + (Augpt*0.9*$1300/31.1034+Agppm*0.9*$20/31.1034)/($3.00*0.90*22.0462)

    • A minimum mining width of 2.5m has been used to limit the resource to potential extractable mining widths

  3. The operating costs used in estimating the cut-off grade are based Mining Cost = $25/tonne, Processing Cost = $10/tonne.

  4. Numbers may not add due to rounding.

The resource has been constrained to true thickness values of greater than 2.5 metres in order to apply reasonable prospects of eventual economic extraction of the resource. The average thickness of both the indicated and inferred resource is 5.5 metres. The verified database within the block model extents consists of 192 diamond drill holes and 430 underground channel samples. The channel samples and drillholes have been validated and there is no evidence to suggest a bias in either sampling program. Metallurgical studies indicate expected recoveries for copper at 90%, gold at 70% and silver at 90% as well as the presence of cobalt in the copper concentrate.

Neither Braveheart nor MMTS is aware of any legal, political, environmental, title, socio-economic, marketing, or other relevant factor or risk that could materially affect the mineral resource estimate or the potential to develop the mineral resource.

About Braveheart Resources Inc.

Braveheart is a Canadian based junior exploration company focused on building shareholder value through exploration and development in the favourable and proven mining jurisdictions of the East and West Kootenays of British Columbia. Braveheart’s main asset is the past-producing Alpine gold mine near Nelson, British Columbia. In January 2018 Braveheart announced a NI 43-101 resource report for the Alpine mine which was prepared by Gary Giroux, P.Eng. Based on a cut-off grade of 5 g/t Au the Alpine mine has an estimated inferred resource of 268,000 tonnes at an average grade of 16.5 g/t Au, representing 142,000 ounces of gold.

About Purcell Basin Minerals Inc.
Purcell is a private mining company whose primary asset is the 100% owned Gallowai Bul River Mine in the East Kootenays of southeast British Columbia approximately 30 kilometres from Cranbrook. The mine site is a past producer of copper, gold and silver and currently is on care and maintenance. The property hosts the historic Dalton Mine which operated between 1971 and 1974. During that period 471,900 tonnes of mineralized material was milled resulting in the recovery of 126,123 grams (4,055 ounces) of gold, 6,353,628 grams (204,274 ounces) of silver and 7,256,050 kilograms (16.0 million lbs) of copper (BC MINFILE).

In December 2012 Snowden Mining Industry Consultants (“Snowden”) completed an updated NI 43-101 technical report that outlined an indicated mineral resource of 1,730,000 tonnes at a grade of 1.8% CuEq and an inferred mineral resource of 1,430,000 tonnes at a grade of 1.7% CuEq. Braveheart commits to file a technical report within 45 days of the announcement on the System for Electronic Document Analysis and Retrieval (“SEDAR”).

The mine is fully developed with 21,000 metres of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 750 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads.

Qualified Person
Braveheart’s disclosure of a technical or scientific nature in this news release has been reviewed and approved by Ian Berzins, P.Eng., ICD.D who serves as CEO and Director of the Company and is a qualified person under the definition of NI 43-101.

Contact Information
Ian Berzins, P.Eng.

Chief Executive Officer
403-512-8202
braveheartresources@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 in this news release include, but are not limited to, statements with respect to completing the acquisition of Purcell, including raising the requisite funding to do so. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.

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.