VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 24, 2013) - Bralorne Gold Mines Ltd. (the "Company") (News - Market indicators) (OTCQX:BPMSF)(BERLIN:GV7)(FRANKFURT:GV7)(WKN A0B75M) announces that the convertible debenture financing arrangement in an aggregate principal amount of a minimum of $5,000,000 and up to a maximum of $7,500,000 reported on April 24, 2013 has been cancelled by mutual consent.

The Company is currently pursuing alternative financing for the purpose of funding the exploration and development program on its mineral properties at Bralorne, B.C.

About Bralorne Gold Mines Ltd.

The Company is a Canadian junior mining and exploration company, whose corporate strategy is to build shareholder value through the exploration and development of economically viable mineral properties. The Company's current project is a 100% interest in the Bralorne Gold Mine, BC.

For more information, please feel free to visit our website at: www.bralorne.com.

ON BEHALF OF THE BOARD

William Kocken, Chief Executive Officer

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.