Balmoral Reports 6.00 Metres Grading 5.23 g/t Gold from New Target at Northshore Property in Ontario

Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSX
VENTURE:BAR)(OTCQX:BALMF) today reported that the latest round of drill testing
on the Company's Northshore Property in Ontario has intersected a new high-grade
gold bearing vein system in hole WB-13-47, the final hole of the current
program, returning an intercept of 5.23 g/t gold over 6.00 metres at a vertical
depth of less than 15 metres, including 19.20 g/t gold over 1.50 metres. 


This shallow, high-grade intercept is located in an area of sparse testing
between the Afric Gold Zone and the former producing high-grade Northshore mine
on the Property. GTA Resources and Mining Inc. ("GTA"), the operator of the
current exploration program on the Northshore Property, interprets this upper
intercept, and a second high-grade intercept of 8.85 g/t gold over 1.00 metre
located lower in the same hole, as trending parallel to the Northshore vein
system and open for lateral and vertical expansion. 


"We are very encouraged to see new, shallow, high-grade gold opportunities
opening up at Northshore, as well as further progress in defining the broader
elements of the gold system on the Property," said Darin Wagner, President and
CEO of Balmoral Resources. 




----------------------------------------------------------------------------
Hole              Dip    Depth     From       To Interval(i)  Gold          
Number      (degrees) (metres) (metres) (metres)    (metres) (g/t)    Target
----------------------------------------------------------------------------
WB-13-45          -45      110    74.00    75.50        1.50  4.07    Audney
                                  90.50    92.00        1.50  1.55          
----------------------------------------------------------------------------
WB-13-46          -45      200   110.00   111.50        1.50  1.35 Northeast
                                                                        Ext.
                                 137.00   200.00       63.00  0.59          
including                        168.50   200.00       31.50  0.91          
which                            197.00   198.50        1.50  7.45          
 includes                                                                   
----------------------------------------------------------------------------
WB-13-47          -45      305    17.00    23.00        6.00  5.23  New Area
including                         18.50    20.00        1.50 19.20          
                                 104.00   105.00        1.00  8.85          
----------------------------------------------------------------------------



(i) Reported drill intercepts are not true widths. At this time there is
insufficient data with respect to the shape of the mineralization to calculate
true orientations in space. None of the reported broader intercepts require
capping based on the previous established capping parameters for the Northshore
Property


Hole WB-13-45 tested the western extension of the Afric Zone and returned a best
intersection of 4.07 g/t gold over 1.50 metres interpreted to correlate with the
high-grade Audney vein. 


Hole WB-13-46 tested the Northeast extension of the Afric Zone intersecting the
Zone between 137.00 metres and ended within the zone of anomalous gold
mineralization at 200.00. This interval assayed 0.59 g/t gold over 63.00 metres,
including 7.45 g/t gold over 1.50 metres near the end of the hole between 197.00
and 198.50 metres. 


An updated plan map showing all new collar locations and drill hole traces can
be viewed on the Company's website at www.balmoralresources.com. 


Located immediately south of the town of Schreiber, Ontario within the
Hemlo-Schreiber greenstone belt, the Northshore Property is currently 100% owned
by Balmoral and under option to GTA. GTA can earn an initial 51% interest in the
Property under the terms of an option agreement between the companies (see News
Release NR11-17; July 27, 2011). Balmoral currently controls approximately 8.0%
of the issued and outstanding shares of GTA and holds the shares for investment
purposes.


QUALITY ASSURANCE/QUALITY CONTROL

The planning, execution and monitoring of the exploration programs on the
Northshore Property are under the supervision of Mr. Robert (Bob) Duess, P. Geo.
(Ontario), VP Exploration of GTA. Mr. Duess is a qualified person as defined by
National Instrument 43-101 and is also the Qualified Person for this release.
Mr. Duess has supervised the work programs on the Northshore Property,
supervised the collection of the samples and drill core described herein and
reviewed the assays and QA/QC data. Mr. Duess has also reviewed and approved
this release.


GTA has implemented a quality control program for the drill programs on the
Northshore Property to ensure best practice in sampling and analysis. GTA
maintains strict quality assurance/quality control protocols including the
systematic insertion of certified standard reference and blank materials into
each sample batch. Analyses in this release were performed by AGAT Laboratories
Ltd. of Sudbury, Ontario with ISO 17025 accreditation. Samples are transported
in security sealed bags to AGAT and all samples were assayed using
industry-standard assay techniques for gold. Gold was analyzed by a standard 30
gram fire assay with an ICP and/or gravimetric finish. 


About Balmoral Resources Ltd. - www.balmoralresources.com.

Balmoral is a Canadian-based precious metal exploration and development company
focused on high-grade gold discoveries along the Detour Gold Trend in Quebec,
Canada. With a philosophy of creating value through the drill bit and with a
focus on proven productive precious metal belts, Balmoral is following an
established formula with a goal of maximizing shareholder value through
discovery and definition of high-grade, Canadian gold assets. 


On behalf of the board of directors of BALMORAL RESOURCES LTD.

Darin Wagner, President and CEO

Neither the 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 press release. 


This press release contains forward-looking statements and forward-looking
information (collectively, "forward looking statements") within the meaning of
applicable Canadian and United States securities laws. All statements, other
than statements of historical fact, included herein, including statements
regarding the anticipated content, commencement, duration and cost of
exploration programs, anticipated exploration program results, the discovery and
delineation of mineral deposits/resources/reserves, the timing of the receipt of
assay results, and business and financing plans and trends, are forward-looking
statements. Forward-looking statements are typically identified by words such
as: believe, expect, anticipate, intend, estimate, postulate and similar
expressions or are those which, by their nature, refer to future events.
Although the Company believes that such statements are reasonable, there can be
no assurance that such statements will prove to be accurate, and actual results
and future events could differ materially from those anticipated in such
statements. The Company cautions investors that any forward-looking statements
by the Company are not guarantees of future performance, and that actual results
may differ materially from those in forward-looking statements. Important
factors that could cause actual events and results to differ materially from the
Company's expectations include those related to weather, equipment and staff
availability; performance of third parties; risks related to the exploration
stage of the Company's projects; market fluctuations in prices for securities of
exploration stage companies and in commodity prices; and uncertainties about the
availability of additional financing; risks related to the Company's ability to
identify one or more economic deposits on the properties, and variations in the
nature, quality and quantity of any mineral deposits that may be located on the
properties; risks related to the Company's ability to obtain any necessary
permits, consents or authorizations required for its activities on the
properties; and risks related to the Company's ability to produce minerals from
the properties successfully or profitably. Trading in the securities of the
Company should be considered highly speculative. All of the Company's public
disclosure filings may be accessed via www.sedar.com and readers are urged to
review these materials, including the latest technical reports filed with
respect to the Company's mineral properties.


This press release is not, and is not to be construed in any way as, an offer to
buy or sell securities in the United States.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Balmoral Resources Ltd.
John Toporowski
Manager, Corporate Development
(604) 638-5815 or Toll Free: (877) 838-3664
jtoporowski@balmoralresources.com
www.balmoralresources.com
Balmoral Resources Ltd (TSXV:BAR)
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