NEWS RELEASE

Bralorne Gold Mines Ltd. (the �Company�) is pleased to announce the latest developments completed to date and new plans for development & exploration of the new Bralorne-King gap, commonly known as the BK zone. 

A surface drill program has commenced to drill 12 new holes. The purpose of the program is to test the vertical extent, near surface, or 600 to 900 feet above the mineralized section of the BK zone discovered during the 800 level drifting program.  For further information, see the May 5, 2008 press release. (292 feet with an indicated grade of 0.591 oz/ton over an average width of 4.66 feet, calculated from numerous face samples)

The �Company� has applied for and is awaiting permitting for the next stage of our program that will consist of collaring a new portal located on the North-East portion of the Lorgan claim block and driving approximately 1450ft of decline with dimensions of 10ft high by 13ft wide at minus 15% to intersect the BK vein approximately 225ft above the known zone on the 800 level.  Upon intersecting the BK vein at the 575 level we will then drift on to the extent of the ore. Once the limits of the mineralized zone have been established on the 575 level we will have two alimak raises driven from the 800 level to the 575 level and equipped as man ways.  Then a sub drift will be driven at the 785 level, chutes installed on the 800 level and mining will commence.  With positive results from drifting on the 575 level vein, an incline will be driven to the 375 level and a second stoping block established.

              Highlights of Recent Development

2006     Early in the year the company raised 1.5 million units at $0.90 through RAB Financial �Special     Situations Fund� (See news release Jan 5, 2006) to begin a surface drill program to test the Bralorne-King gap.  Drill hole SB-06-109B intersected 2ft of 0.463 oz/ton gold on the eastern projection of the previously developed "Shaft Vein" and then intersected two zones of "Bonanza" grade gold. Hole SB06-109 1.1ft vein assaying 11.781 oz/ton gold, followed 40 feet further down hole, by 1.2ft vein assaying 7.203 oz/ton gold (See news release July 25,2006).  These intersects occur within a section of the previously unexplored King Mine - Bralorne Mine Gap and, as they occur within the favorable Bralorne Intrusive Rock units, are considered by the geological staff to be very significant.  (An underground diamond drill station has been established as part of the recent 800 level drifting program to further test these intercepts)


2007        The �Company� reported it had resumed surface diamond drilling, as of January 12, 2007, to expand on with the 2006 program, and that a 42 hole underground diamond drilling of vertical and horizontal targets commenced the 22nd of January, 2007.  Upon completion of the underground drill program the �Company� identified a new structure known as the BK zone.  Significant assay results varied from hole UB07-02 5.2ft vein assaying 1.595 oz/ton gold to hole UB07-09 6.2ft vein assaying 1.357 oz.ton gold (See news release April 16, 2007).


2008        The �Company� announced that it had received permit approval to commence a cross-cut 410ft from the Alhambra drift, towards the new BK zone.  Along the way new rail, ventilation and electrical have been installed.  The new permit also allowed Bralorne to drift 1640ft along the BK vein that is located between the historic Bralorne and King Mines.  The company announced the first section of drifting results on the BK vein, starting at 300 feet from the crosscut and running for a length of 134 feet, had an average width of 5.45 feet (using historical minimum mining width of 4 feet) with a weighted average grade of 0.842 oz/ton Au. The vein structure itself varied from 0.5 to 9 feet in width; averaging 4.09 feet at a weighted grade of 1.21 oz/ton Au.  This was followed by 37.5 feet of low grade material, 0..019 oz/ton across 4 feet before the second zone with a length of 81 feet and using a minimum 4 foot mining width, which gave a weighted cut grade of 0.525 oz/ton Au (See news release May 6, 2008). (3 of the 10 faces sampled returned assays of: 4.425 oz/t across 1.4 feet; 9.959 oz/t across 2.3 feet; and 13.259 oz/ton across 1.4 feet.  These values were cut to 2.916 oz/ton across respective vein widths for the cut grade calculation. The uncut grade is 1.283oz/ton.) This program on the 800 level has been completed and we are now waiting for the new permitting for the decline on the NE portion of the Lorgan claim block.
   
It should be noted RAB cap assets flagship �Special Situations Fund� was hard hit by the decline in the small cap mining companies.  The value of its investments fell 23.1% in the first half of this year.  Despite reports of good news from our company we have felt the selling pressure in the market and managed to weather the storm.  We look forward to new levels of development on the BK zone.  We encourage the public to keep in mind that gold has been a haven of safety for wealth for over 5000 years and it still is..

RAB Capital assets fall, flagship fund size drops - By Walls Street Journal Online, July 31, 2008

(See News:  http://online.wsj.com/article_email/SB121744901174497989-lMyQjAxMDI4MTM3MTQzNDE5Wj.html )

ON BEHALF OF THE BOARD

�William Kocken�
  William Kocken,
  President

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the accuracy or adequacy of this release.

This email may contain certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.