Bralorne Gold Mines Ltd.

Bralorne Gold Mines Ltd.

October 28, 2009 08:30 ET

Bralorne Receives a Cheque Credit for $1.3M Due to Tax Credit

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 28, 2009) - 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 received over $1.3M in government tax credits during the current quarter. The refunds are associated with the British Columbia Mining Exploration Tax Credit Program for the Company's fiscal years ended January 31, 2004 through 2007. The refunds were anticipated subsequent to a customary government audit which was recently completed.

Bralorne updated its resource calculations in early 2009, and ongoing development has allowed it to access the resources located in the 51B FW, Taylor Vein, and the BK Zone and exploration and development are well underway. All permits are in place and the Company is well funded to proceed with its plans with a focus to start production in approximately 12-24 months. 

The Company would also like to elaborate further on its news release dated October 22, 2009 titled: "2009 Diamond Drill Program Commences to Expand BK Zone". Currently 8 holes have been drilled in the unexplored BK Zone Gap between the 800 and 575 level to test for continuity of the vein structure. These drill holes have been logged, sampled and the Company is now awaiting results from Eco-Tech Laboratories Ltd. in Kamloops, BC.

For a further understanding of the Company's plans, please view our corporate presentation at:


William Kocken, President & CEO

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.

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