BRALORNE CLOSES FINANCING WITH THE MINERALFIELDS GROUP FOR GROSS PROCEEDS OF $1,000,000

Bralorne Gold Mines Ltd. (the �Company�) is pleased to announce the closing of a non-brokered private placement of $1,000,000 with the MineralFields Group previously announced on November 23, 2010 of 689,655 units at a price of $1.45 per unit, each unit consisting of one flow-through share and one half of one transferable non flow-through share purchase warrant. Each flow-through share will entitle the investor to the tax benefits of the qualifying Canadian exploration expenses incurred by the Company, which will be �flowed through� to the investor. Each whole warrant under the Flow-Through Offering will entitle the investor to purchase one additional non flow-through common share at an exercise price of $1.75 per share until June 7, 2011.

The securities issued by the Company in connection with this offering are subject to a 4-month �hold period� until April 8, 2011, as prescribed by applicable securities laws.

The net proceeds will be used for qualified Canadian exploration expenditures on the Company�s mining properties by December 31, 2011.

�We are very pleased to be entering into this relationship with MineralFields Group�, said William Kocken, President and CEO. �This is an important milestone in the growth of Bralorne Gold Mines Ltd. and we look forward to working with MineralFields Group as we develop our holdings in the Goldbridge Mining Camp regions.�

About MineralFields, Pathway and First Canadian Securities �

MineralFields Group (a division of Pathway Asset Management), based in Toronto, Vancouver, Montreal and Calgary, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Fund Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities � (a division of Limited Market Dealer Inc.) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities �.

ON BEHALF OF THE BOARD

"William Kocken"
________________________________________
William Kocken, President & Chief Executive Officer

Neither 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 release. This release contains statements that are forward-looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading �Risk Factors� and elsewhere in the Company�s periodic filings with Canadian securities regulators. Such information contained herein represents management�s best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.

Bralorne Gold Mines Ltd

	EXPLORATION STAGE
	CODE : BPM.V
	ISIN : CA1050411075

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Bralorne Gold is a gold producing company based in Canada.

Its main exploration property is BRALORNE MINE in Canada.

Bralorne Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 5.6 millions as of today (US$ 4.9 millions, € 3.9 millions).

Its stock quote reached its highest recent level on December 30, 2005 at CA$ 3.10, and its lowest recent point on October 03, 2014 at CA$ 0.14.

Bralorne Gold has 28 510 000 shares outstanding.

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