Bralorne Gold Mines Limited Operational Update

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/19/13 -- Bralorne Gold Mines Ltd. (TSX VENTURE: BPM) (OTCQX: BPMSF) (FRANKFURT: GV7) ("Bralorne" or the "Company") provides the following update of results at the Bralorne mine project located near Gold Bridge, British Columbia, where the Company is exploring and building a new gold mining operation.


MILLING

Milling results for the fiscal year ended January 31, 2013 have yet to be finalized. Preliminary numbers indicate a total of 27,546 tonnes were milled at an average feed grade of 8.1 grams per tonne gold (0.235 ounces per ton). Total estimated gold recovered was 6,247 ounces, including 3,676 ounces from gravity concentration and 2,570 ounces of gold in 511 tonnes of flotation concentrate. Mill availability was 74% and the average throughput was 101.6 tonnes (112 tons) per day for the time operated.


MINE DEVELOPMENT

In 2012, the main objective was pre-production development of the BK-3 zone to define mineralized shoots and prepare for extraction. Early results from the BK-3 development indicated very high grade mineralization on the first sublevel. The first drift along the vein at the 3800 foot elevation exposed a highly mineralized vein with an average grade over a length of 160.0 metres (525 feet) of 68.7 grams gold per tonne (un-cut) over 0.8 metres true thickness or 27.1 grams per tonne with high assays reduced to 51.4 grams per tonne. Subsequent development above and below this level indicated the high grade mineralization occurs where two veins join and is not as extensive as originally anticipated. Overall, a large amount of mine development was achieved during the fiscal year and our objective was completed as scheduled. Mining commenced on the BK3 zone in January.

At times throughout the past year, the operation suffered interruptions and delays due to mechanical and regulatory issues. Limited surface exploration was done because of a late start due to the permit approval delay, but underground drilling resulted in extension of the BK-3 mineralized area. On a positive note, the average daily mill throughput was improved and the Company secured a contract for sale of all of the flotation concentrate that will be produced in 2013.

A Preliminary Economic Assessment technical report was completed in November of 2012 that indicates the current mine plan has a potential NPV of 6.4 million over 4.3 years. Management believes this assessment is conservative because a gold price of US$1500/oz was used for years 2013-2016. The report recommended a program of $18.9 million to further develop the mine and define additional resources to warrant expansion of the operation to 250 tons per day. The company plans to carry out this program as funds become available from the operation and through financing activities.


EXPLORATION DIAMOND DRILLING

The Company drilled 22 core holes for a total of 2,986 meters during the fiscal year ended January 31, 2013. Most of the drilling (18 holes) was underground drilling aimed at extensions of the BK3 and BK North veins. Permitting delays limited the amount of surface drilling completed. In addition, 14 cored holes for 357 meters were drilled with a Bazooka drill to test for mineralized veins adjacent to the workings on the BK3 zone.

Overall, the drilling showed positive results with local high grade intercepts on the BKN vein, and potential extensions to the mineralization previously defined by drilling on the BK vein. Several new finds were intersected in both surface and underground hole that will require follow-up drilling. Significant diamond drill intercepts are listed in the table below:

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                                 Core         Core
                               Inter-  True Inter-            Au
                    From    To    val Width    val     Au   (oz/
Hole      Az. Inc.   (m)   (m)    (m)   (m)   (ft)  (g/T)   ton) Gold Target
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UB12-001  349  -31  43.9  44.0    0.2   0.2    0.6   8.78  0.256      New
                                                                      Find
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UB12-001  349  -31  76.4  76.7    0.3   0.2    0.9  63.60  1.855   VG BKN
                                                                      split
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UB12-003  349  -12  55.9  56.2    0.3   0.3    1.1 114.00  3.325   VG BKN
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UB12-003  349  -12  61.1  61.5    0.5   0.4    1.5  12.60  0.367      BKN HW
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UB12-005  334   -7  69.2  70.9    1.7   1.3    5.6   4.10  0.120      BKN
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UB12-006  336  -22  79.8  80.2    0.3   0.3    1.1   3.73  0.109      BKN
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UB12-012  334  +77   9.9  10.4    0.5   0.2    1.6   9.30  0.271      New
                                                                      Find
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UB12-013 14.2  +38 112.2 113.4    1.2   1.0    4.0   6.88  0.201      BK
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UB12-014    9  +61 103.6 104.1    0.4   0.2    1.4   6.88  0.201      BK FW
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UB12-015  335  +59  88.4  89.0    0.6   0.3    2.0  25.00  0.729   VG New
                                                                      Find
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UB12-015  335  +59  89.0  90.3    1.3   0.7    4.4   5.93  0.173      "
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UB12-015  335  +59 163.7 165.8    2.1   1.2    7.0 409.51 11.944   VG BK
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UB12-016  324  +45 132.6 134.4    1.8   0.7    6.0   6.67  0.195      BK
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SB12-002  175  -49 224.5 224.7    0.1   0.1    0.4   6.70  0.195      New
                                                                      Find
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SB12-002  175  -49 246.7 246.9    0.2   0.2    0.6  47.90  1.397   VG New
                                                                      Find
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SB12-002  175  -49 303.1 303.4    0.3   0.3    1.0  22.00  0.642      77
                                                                      vein
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UZ12-003  005   +5  12.2  12.8    0.6   0.6    2.1  11.80  0.344   VG BK
                                                                      split
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UZ12-004  350   +5  12.2  12.3    0.1   0.1    0.3  33.00  0.962      BK
                                                                      split
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UZ13-001  177   +6  13.8  14.1    0.3   0.3    1.1   3.60  0.105      BK
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UZ13-004  180   +5  24.5  25.0    0.5   0.5    1.4   8.70  0.254      BK ALT
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Abbreviations: VG = visible gold, QV=quartz vein, QSTZ=quartz veinlet zone,
ALT = altered zone
Au = gold, oz/ton = ounce per ton, Az=azimuth, Inc=inclination, HW = hanging
wall, FW = foot wall, BK = BK vein, BKN = BK North vein

Cautionary Note:

The company considers all intercepts assaying 0.1 oz/ton Au or greater as significant, but cautions that these intercept data are preliminary in nature and not conclusive evidence of the likelihood of the occurrence of an economic mineral deposit.

Thorough QA/QC protocols are followed on the project by monitoring the results of blank and standard samples inserted at a frequency of 1 in 20 each and re-analysis of check samples at a second laboratory. Drill core samples were submitted for preparation and analysis directly to either ALS Laboratory Group in North Vancouver or SGS Laboratory in Vancouver, both of which are ISO certified and accredited. Analysis is conducted on 1 assay-ton aliquots using the fire assay method with a gravimetric finish. Metallic sieve assays are done on all mineralized quartz vein samples. The project is under the technical supervision of Dr. Matt Ball, P.Geo., President and Chief operating Officer of the company and qualified person ("QP") as defined by National Instrument 43-101, who has reviewed the technical content of this release.


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.

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, Chief Executive Officer
604.682.3701
604.682.3600 (FAX)
ir@bralorne.com
www.bralorne.com