Balmoral Launches Summer 2016 Drill Program

VANCOUVER, BC--(Marketwired - June 27, 2016) - Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSX: BAR) (OTCQX: BALMF) reports that drilling has resumed on the Company's Detour Trend Project in Quebec. Two drills are currently active on the Company's Martiniere Property where their initial focus will be the on-going delineation and near surface expansion of the southern portion of the Bug Lake Gold Trend. The winter drill program at Bug Lake South continued to demonstrate the presence of an extensive gold mineralized system along the Bug Lake Fault, as well as the development of a number of strongly gold mineralized zones in the hanging wall and footwall rocks proximal to the fault. Highlights included intercepts of 14.08 g/t gold over 12.56 metres (including 199.00 g/t gold over 0.85 metres), 11.55 g/t gold over 4.47 metres and 3.31 g/t gold over 15.42 metres from the Upper Bug Lake and HWP Zones (see NR16-08, May 11, 2016).

As the program progresses the Company anticipates drilling a series of holes on both Bug Lake North and South to further extend the known mineralization to depth. Drilling to date at Bug Lake has intersected gold mineralization for 1,800 metres along strike and to depths of approximately 400 metres, in the Bug Lake North area (see NR14-10, May 12, 2014). The system remains open to depth on all sections tested to date and along strike to the south toward the regional Sunday Lake Deformation Zone which hosts the Detour Lake Gold Mine 45 kilometres to the west, one of Canada's largest gold mines.

In addition, drilling will test a number of targets developed from modeling of winter geophysical results along the recently discovered, east-west trending Finger Lake (Lac du Doigt) Gold Trend on the Martiniere Property. Balmoral confirmed the discovery of gold mineralization along the Finger Lake Trend in 2015 and conducted an extensive geophysical survey across a 5.0 kilometre long segment of the Trend during this past winter in preparation for summer drilling. The Finger Lake Gold Trend runs parallel to the Sunday Lake Deformation Zone, with the Company's Bug Lake and Martiniere West Gold