Bralorne Gold Mines Ltd. Places Bought Deal of 689,655 at $1.45 Per Unit

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/23/10 -- Bralorne Gold Mines Ltd. (the 'Company') (TSX VENTURE: BPM) (PINK SHEETS: BPMSF) (BERLIN: GV7) (FRANKFURT: GV7) (WKN A0B75M) is pleased to announce that it has accepted a private placement of 689,655 units at a price of $1.45 per unit (the 'Flow-Through Offering'), each unit consisting of one flow-through share and one non-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 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 six months from the closing date.


ON BEHALF OF THE BOARD

William Kocken
President & 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.

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.



Contacts:

Bralorne Gold Mines Ltd.
William Kocken
President & Chief Executive Officer
604.682.3701
604.682.3600 (FAX)
ir@bralorne.com
www.bralorne.com