Balmoral Resources Ltd. Announces Mailing of Management Information Circular in Connection with a Special Meeting to Consider the Proposed Acquisition by Wallbridge Mining Company Limited

VANCOUVER, British Columbia, April 06, 2020 (GLOBE NEWSWIRE) -- Balmoral Resources Ltd. (“Balmoral” or the “Company”) (TSX:BAR; OTCQX:BALMF) announced today that it has mailed and filed its management information circular (the “Circular”) and related meeting materials in connection with a special meeting (the “Meeting”) of the holders of common shares (the “Balmoral Common Shares”, such holders of Balmoral Common Shares, the “Balmoral Shareholders”), stock options and deferred share units of the Company (together with the Balmoral Common Shares, the “Balmoral Securities”, such holders of the Balmoral Securities, the “Balmoral Securityholders”) to be held on May 7, 2020. The purpose of the Meeting is to seek the Balmoral Securityholders’ approval in connection with the previously announced (see NR20-04, March 2, 2020) proposed acquisition by Wallbridge Mining Company Limited (“Wallbridge”) of all of the issued and outstanding Balmoral Common Shares (the “Proposed Transaction”).

Balmoral Securityholders of record as at March 27, 2020 should receive these meeting materials by mail shortly. The meeting materials are also available on the Balmoral website at www.balmoralresources.com, by following the May 2020 Special Meeting link, and on SEDAR under the Company’s profile at www.sedar.com.

Balmoral encourages its securityholders to watch for, or request from their financial advisor, the meeting materials and to read them in detail. For Balmoral Securityholders to ensure that their Balmoral Securities will be represented at the Meeting, such securityholders should carefully follow the voting instructions provided in the meeting materials. The deadline for submission of proxies is 2:00 p.m. (Pacific Time) on May 5, 2020.

Balmoral provides notice that because of the ongoing COVID-19 pandemic, and the constantly evolving restrictions on the size of public gatherings that are beyond its control, attending and voting in person at the Meeting may be difficult. The Company encourages securityholders to vote in advance of the Meeting by proxy via the internet, phone, fax or mail. The Company will provide an option for registered Balmoral Securityholders (or their proxyholders) to participate online and to vote their Balmoral Securities at the Meeting online. Further details on how to vote the Balmoral Securities and the requirements with respect to attending the Meeting online are contained in the Circular.