Balmoral Identifies Over 50 Conductors Along Grasset Trend - Seite 2

"Our summer airborne survey has confirmed a very target rich geological environment, for over 20 kilometres, along the projected strike extent of the GUC" said Darin Wagner, President and CEO of Balmoral. "Individual targets are currently being evaluated and will be prioritized for drill testing. We anticipate resumption of drilling on the Grasset Ni-Cu-PGE discovery in mid-January and initial testing of priority targets generated by the airborne survey to follow and form part of the winter 2015 Grasset program."

In addition to Ni-Cu-PGE mineralization, the airborne data will assist the Company in evaluating the potential for zinc-copper-silver-gold VMS mineralization similar to the deposits in the nearby Selbaie and Mattagami districts. These deposits are typically associated with weak to moderate, short strike length conductors, with or without associated magnetic anomalies. As well, it will assist the Company's on-going gold exploration activities. Both of the Company's Fenelon and Martiniere gold zones, and the large Detour Gold deposit located to the west, were discovered while testing airborne EM anomalies.

Final results from the summer-fall Grasset (8 holes) and Lac Hugo (6 holes) drill programs are expected prior to year end and drilling will resume on the Detour Trend Project in early 2015.

Mr. Darin Wagner (P.Geo.), President and CEO of the Company, is the non-independent qualified person who has approved the scientific and technical information contained in this news release. Mr. Wagner has supervised the work programs on the Grasset Property, visited the property on multiple occasions, has reviewed the airborne geophysical results presented to the Company by Geotech Ltd. and the initial geological and geophysical interpretations of the data prepared by the Company's in-house team and external consultants.

About Balmoral Resources Ltd. - www.balmoralresources.com

Balmoral is a well-funded, Canadian-based discovery company focused on high-grade gold and nickel discoveries on its wholly owned, 700⁺ square kilometre Detour Trend Project in Quebec, Canada. With a philosophy of creating value through the drill bit and a focus on proven productive precious/base metal belts, Balmoral is following an established formula with a goal of maximizing shareholder value through discovery and definition of high-grade, Canadian gold and base metal assets.