Braveheart Resources comments on the stock price

Calgary, Alberta–(Newsfile Corp. – September 12, 2022) – Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) (FSE: 2ZR) (“Brave heart“or the”Company“) announced today that the Company is not aware of any material undisclosed information that may contribute to the recent decline in the Company’s share price.

Braveheart continues to work with the Department of Energy, Mines and Low Carbon Innovation (“EMLI”), Department of Environment and Climate Change Strategy (“ENV”) and the British Columbia Environmental Assessment Office (“EAO”) on its pre-application process to amend the current Mining Act permit M-33 and Mining Act permit PE-16034. environmental management at the Bull River mine near Cranbrook, British Columbia, to facilitate the restart of operations. Braveheart plans to restart operations at the planned capacity of 700 tons per day.

On May 3, 2022, Braveheart was notified by the EAO that it had received written notice from the Ktunaxa Nation Council requesting that the Bull River Mine Project be designated as subject to review under Section 11 of the Environmental Assessment Act (2018). The Company argues that the project should not be reviewable because it is not new, is substantially constructed, and there will be no material change to the current disturbance area. This request and the company’s response are published publicly and can be viewed at EAO’s Project Information Center. The EAO completed its draft review on July 21, 2022 and provided interested parties until August 11, 2022 to provide additional comments. The Company expects to receive a final decision from ENV within the next 30 days.

The Bull River mine is fully developed and dewatered with 21,000 meters of underground development in terms of ramps, raises and drifts on mineralized structures on seven levels. The surface infrastructure includes a conventional 700 tonne per day crusher with attached crushing facilities as well as office and mine maintenance facilities. The property is connected to the electricity grid and the site is accessible all year round by paved roads and all seasons. In addition, there are approximately 180,000 tonnes of mineralized material at surface.

About Braveheart Resources Inc.

Braveheart is a mining company with a primary focus on two near-term copper producing assets in Canada. Braveheart’s principal asset is the 100% owned Bull River Mine project (>135 million pounds of copper) near Cranbrook, BC, which has a mineral resource containing copper, gold and silver. Braveheart’s latest acquisition is the 100% owned Thierry Mine project (>1,300 MM lbs copper) near Pickle Lake, Ontario, which has a mineral resource containing copper, nickel, silver, palladium , platinum and gold.

Contact information
Braveheart Resources Inc.
Ian Berzins
President and CEO
M: +1-403-512-8202
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Website: www.braveheartresources.com

Caution Regarding Forward-Looking Information

This press release contains certain information that may constitute “forward-looking information” under applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives, and the expected results of those work programs. Forward-looking information necessarily involves 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 favorable terms; and other risks.

Forward-looking information is necessarily based on a number of estimates and assumptions which, although believed to be reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results to differ. and future events differ materially from those expressed or implied. by this forward-looking information and the risks identified in the Company’s continuous information file. 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 press release is given as of the date hereof and is based on the opinions and estimates of management and on information available to management as of 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 or accuracy of this new release.