Balmoral Resources Ltd. (TSX:BAR) announces that it has closed the previously announced (see NR17-13 dated August 8, 2017 and NR17-14 dated August 16 ^th, 2017) National flow-through private placement with agents PI Financial Corp. and Canaccord Genuity Corp. Upon closing the Company issued 5,720,000 national flow-through common shares, at a price of C$0.71 per National FT Share for gross proceeds of $4,061,200. The flow-through common shares issued will be subject to a four month and one day hold period from the date of closing of the Offering under applicable securities laws in Canada.

The gross proceeds from the Offering will be used by the Company to continue the exploration of its Detour Gold Trend Project located in the Province of Quebec and for the exploration of other gold properties held by the Company in Canada.

In consideration of the Agents’ services, the Company has agreed to pay the Agents a cash commission of $192,232.50.

The previously announced non-brokered offering of Quebec flow-through shares (see NR17-14 dated August 16^th, 2017) is now anticipated to close on or before September 29^th, 2017.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act.

About Balmoral Resources Ltd.

Balmoral is a well-funded, Canadian-based company actively delineating and expanding the high-grade Bug Gold Trend on its wholly owned, 700 square kilometre Detour Gold Trend Project in Quebec, Canada. The Detour Trend Project also hosts Balmoral’s Grasset Ni-Cu-Co-PGE deposit as well as numerous other gold and base metal occurrences. Employing an award winning exploration team, Balmoral has a philosophy of creating value through the drill bit. By focusing our efforts in proven productive precious/base metal belts in one of the world’s pre-eminent mining jurisdictions, 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.