Balmoral Resources Ltd. (TSX:BAR)(OTCQX:BALMF) reported initial results from the summer/fall drill program on its wholly owned Martiniere Property. Highlights included extending the Bug Lake Gold Trend to over 1,000 metres along strike with a higher grade intercept of 19.05 g/t gold over 1.16 metres in the southern-most hole to date (MDE-13-113), a bonanza grade intercept of 99.80 g/t gold over 0.48 metres in down-dip testing of the main Bug Lake Gold Zone and a high-grade intercept of 5.59 g/t gold over 2.30 metres from a new discovery located 250 metres east of any previous gold intercepts on the Property. The Martiniere Property forms part of the Company’s 600+ square kilometre Detour Gold Trend Project in Quebec.

Bug Lake Expansion Drilling

Three holes, MDE-13-116 to -118, collared 300 metres south along strike of the southern-most historic Bug Lake Gold Trend intercept, successfully extended the Trend to over 1,000 metres. The Trend remains open to the south towards the regional scale Sunday Lake Deformation Zone. Hole MDE-13-117 returned an intercept of 7.44 metres grading 3.34 g/t gold including 1.16 metres grading 19.05 g/t gold (see table below). This hole also collared into a new, broad zone of anomalous gold mineralization which returned 13.07 metres grading 0.31 g/t gold from the bedrock collar.

Holes MDE-13-107 to MDE-13-114 tested the Bug Lake Zone at vertical levels between 150 (MDE-13-107) and 350 metres (MDE-13-113 – the deepest Bug Lake intercept to date). Drilling continues to confirm the presence of a second, sub-vertical “steep” section of the Bug Lake Zone at depth (MDE-13-113) with the steeper sections typically exhibiting greater widths and higher overall gold grades. Drilling also intersected high-grade veins style mineralization peripheral to the ME-23 and ME-16 discoveries, indicating potential to further expand these high-grade, near surface occurrences.

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Hole                        Section            Collar               Dip

Number

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MDE-13-107a                  0+15 N             165 W               -45

including

including

and

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MDE-13-108                   0+15 N             165 W               -60

including

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MDE-13-109                   0+85 N              40 E               -45

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MDE-13-110                   0+85 N              40 E               -60

including

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MDE-13-111                   1+35 N             140 W               -45

including

and

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MDE-13-112                   1+05 N              20 W               -45

including

including

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MDE-13-113                   1+05 N              20 W               -70

including

and

and

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MDE-13-114                   0+70 N              20 E               -45

including

including

including

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MDE-13-115                   5+10 N             400 W               -45

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MDE-13-116                   6+00 S             125 W               -45

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MDE-13-117                   6+00 S             125 W               -50

including

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MDE-13-118                   6+00 S             125 W               -60

including

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Hole                                 Interval

                        From      To      (i)     Gold                  Zone

Number                Metres  Metres   Metres    (g/t)

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MDE-13-107a            87.26   92.90     5.64     1.66

including              91.67   92.90     1.23     6.40

                      101.88  127.62    25.74     1.27          Hanging Wall

including             103.16  104.26     1.10    20.30                     "

and                   127.21  127.62     0.41    13.70                     "

                      162.74  163.65     0.91     4.24        Upper Bug Lake

                      177.44  192.22    14.78     0.22    Bug Lake (faulted)

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MDE-13-108            149.63  156.60     6.97     1.49          Hanging Wall

including             150.84  152.00     1.16     5.04                     "

                      215.83  252.95    37.12     0.27              Bug Lake

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MDE-13-109             93.60   93.96     0.36    10.10                 ME-23

                      243.48  249.10     5.62     0.63        Upper Bug Lake

                      258.71  290.34    31.63     0.26              Bug Lake

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MDE-13-110            113.30  117.96     4.66     0.80                 ME-23

including             117.37  117.96     0.59     4.89                     "

                 -----------------------------------------------------------

                                              Terminated Above Bug Lake Zone

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MDE-13-111             93.24   93.59     0.35    10.71

                      203.84  264.70    60.86     0.62              Bug Lake

including             222.18  222.86     0.68     6.24                     "

and                   262.86  263.62     0.76     9.09                     "

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MDE-13-112             35.00   35.82     0.82     4.85                 ME-16

                      104.57  104.99     0.42     7.42

                      156.91  157.35     0.44    10.70

                      177.31  183.81     6.50     1.12                ME-23?

including             181.43  181.95     0.52     8.11                     "

                      274.65  283.31     8.66     1.64              Bug Lake

including             278.67  281.79     3.12     2.79                     "

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MDE-13-113            356.69  390.25    33.56     1.01              Bug Lake

including             357.29  357.89     0.60     3.48                     "

and                   361.52  362.20     0.68     4.79                     "

and                   381.16  382.62     1.46     6.32                     "

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MDE-13-114             30.50   31.00      0.5     3.59

                       98.89  100.06     1.17     4.25

                      281.69  290.48     8.79     1.46

including             287.20  287.97     0.77     6.06

                      325.44  328.33     2.89     1.68          Hanging Wall

including             326.26  326.64     0.38     5.69                     "

                      368.97  375.60     6.63     7.41              Bug Lake

including             368.97  369.45     0.48    99.80                     "

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MDE-13-115                                            No Significant Results

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MDE-13-116            155.00  161.00     6.00     0.51              Bug Lake

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MDE-13-117         45.25(ii)   58.32    13.07     0.31                   New

                      157.26  164.70     7.44     3.34              Bug Lake

including             162.50  163.66     1.16    19.05                     "

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MDE-13-118             58.80   59.46     0.66     3.20

                      124.29  130.69     6.40     0.43

                      209.92  224.22    14.30     0.67              Bug Lake

including             216.80  218.15     1.35     4.03                     "

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(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.

(ii) Collared into mineralized zone

New Discovery

Drill hole MDX-13-26, the first exploration hole of the program, tested a chargeability anomaly generated by the summer I.P. survey on the Martiniere Property and intersected a new zone of near surface, high-grade gold mineralization returning 5.59 g/t gold over 2.30 metres between down-hole depths 63.93 and 66.70 metres. The gold mineralization occurs at the sheared contact between a quartz porphyry intrusion and mafic volcanic rocks. This new discovery is located along the eastern flank of a large area of anomalous chargeability responses centered east and south of the heart of the Bug Lake Zone.

To view the location of this new discovery and the holes from the Bug Lake Gold Trend discussed above go to www.balmoralresources.com. Drilling on the Detour Trend Gold Project has now been suspended for freeze-up and is anticipated to resume in January. Additional drill results from the Martiniere and Doigt Properties will be released as they become available.

Quality Control

Mr. Darin Wagner (P.Geo.), President and CEO of the Company, is the non-independent qualified person for the technical disclosure contained in this news release. Mr. Wagner has supervised the work programs on the Martiniere Property, visited the property on multiple occasions, examined the drill core and/or photographs from the holes summarized in this release, discussed, reviewed the results with senior on-site geological staff and reviewed the available analytical and quality control results.

Balmoral has implemented a quality control program for all of its drill programs, to ensure best practice in the sampling and analysis of the drill core, which includes the insertion of blind blanks, duplicates and certified standards into sample stream. NQ sized drill core is saw cut with half of the drill core sampled at intervals based on geological criteria including lithology, visual mineralization and alteration. The remaining half of the core is stored on-site at the Company’s Martiniere field camp in Central Quebec. Drill core samples are transported in sealed bags to ALS Minerals Val d’Or, Quebec analytical facilities. Gold analyses are obtained via industry standard fire assay with atomic absorption finish using 30 g aliquots. For samples returning greater than 5.00 g/t gold follow-up fire assay analysis with a gravimetric finish is completed. The Company has also requested that any samples returning greater than 10.00 g/t gold undergo screen metallic fire assay. Following receipt of assays visual analysis of mineralized intercepts is conducted and additional analysis may be requested. ALS Minerals is ISO 9001:2008 certified and the Val d’Or facilities are ISO 17025 certified for gold analysis.

About Balmoral Resources Ltd.

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.