BPM

Bralorne Gold Mines Ltd. (the "Company") (TSX
VENTURE:BPM)(OTCQX:BPMSF)(BERLIN:GV7)(FRANKFURT:GV7)(WKN A0B75M) is pleased to
announce that the Company intends to complete a private placement of secured
convertible debentures (the "Convertible Debentures") in the aggregate principal
amount of a minimum of $5,000,000 and up to a maximum of $7,500,000 (the
"Offering"). The principal amount of the Convertible Debentures will mature
twenty four (24) months from the Closing Date (the "Maturity Date") and accrue
interest at 12.5% per annum payable at the Maturity Date. Principal will be
convertible into units of the Company (the "Units"), and accrued interest will
be convertible into common shares of the Company (the "Shares"), at the election
of either the Company or the debenture holders, as described below. Each Unit
will be comprised of one Share and one-half of a share purchase warrant (a
"Warrant"). Each whole Warrant will be exercisable to purchase one Share of the
Company at CAD $1.35 per Share, if exercised within thirty (30) months from the
closing date of the Offering (the "Closing Date"). 


The principal amount only of each Convertible Debenture will be convertible into
Units at a rate of one Unit for every CAD $0.975 of principal converted (the
"Conversion Price").  


Accrued interest on the Convertible Debentures will be convertible into Shares
at the greater of: (a) the Conversion Price; and (b) the last closing price per
Share as traded on the TSX Venture Exchange (the "Exchange") on the date
preceding the date of conversion. 


If the Company's Shares trade on the Exchange at a closing price equal to or
greater than 125% of the Conversion Price for any 15 out of 20 consecutive
trading days at any time after the Closing Date, the Company will have the
option to give notice to the holders to accelerate the conversion of the
Convertible Debentures, and upon such notice, the Convertible Debentures must be
converted into Units within thirty (30) days. 


The Convertible Debentures, Units and Shares will be subject to hold periods
under applicable United States and Canadian securities laws. None of the
Convertible Debentures, Units or Shares has been or will be registered under the
US Securities Act of 1933 (the "1933 Act"). As such, they will be "restricted
securities" under the 1933 Act and will therefore also be subject to U.S. resale
restrictions. 


The principal amount and any accrued but unpaid interest of each Convertible
Debenture will be pre-payable at the option of the Company at any time prior to
the Maturity Date, subject to a 3.5% pre-payment penalty on the principal amount
being repaid. The Company is required to provide five (5) days' written notice
of its election to pre-pay such principal amount and accrued but unpaid
interest, during which period the holder may elect to convert such principal
amount into Units.  


The proceeds of the Offering will be used by the Company for the expansion of
the mill, underground exploration, purchase of new equipment, and for general
working capital purposes.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bralorne Gold Mines Ltd.
William Kocken
Chief Executive Officer
604.682.3701
604.682.3600 (FAX)
ir@bralorne.com
www.bralorne.com

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