Established on 2 October 1863, it is awarded for heroic deeds of extraordinary selflessness and bravery, or great moral courage and exceptional ability to make decisions, whether in war or peace, but always in circumstances where there is proven or suspected danger to life.

The Medal is divided into three grades - Gold (Ouro), Silver (Prata) and Copper (Cobre).

It is noteworthy that the Military Valor Medal bears a resemblance to the Peninsular War Cross, created about a century and a half before.

Both the patée cross shape, with straight lines and resting on a circular crown of gold leaves, as well as the tulip-shaped buckle, seem to indicate an undisguised inspiration.

The Military Medal of Valor is a highly prestigious award that recognizes the exceptional bravery, selflessness, and courage of military personnel who have faced danger and adversity in the line of duty.