Balmoral Resources Ltd.

TSX : BAR
OTCQX : BALMF


Balmoral Resources Ltd.

December 02, 2013 07:30 ET

Balmoral Appoints New CFO

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 2, 2013) - Balmoral Resources Ltd. (TSX:BAR)(OTCQX:BALMF) ("Balmoral" or the "Company") reported today that Ms. Peggy Wu will replace Mr. Ross McDonald as CFO of the Company following Mr. McDonald's retirement effective December 15, 2013.

Ms. Wu has served as an advisor to the Company on financial matters since 2011. She is a Chartered Accountant with strong working knowledge of International Financial Reporting Standards, Canadian and US Generally Accepted Accounting Principles and public company reporting requirements. She is currently the CFO for Indico Resources Ltd. and Corvus Gold Inc., resource based companies listed on the TSXV and TSX. Ms. Wu's previous experience includes acting as Financial Reporting Specialist for a number of resource based companies including Balmoral. As well, she served as Supervisor at Smythe Ratcliffe LLP, Chartered Accountants from 2007 to 2010, where she oversaw all aspects of financial reporting for several publicly traded companies.

"The Board of Directors would like to extend our thanks to Ross. It is rare that one has the opportunity to work with a gentlemen of his calibre and we are very pleased that he will continue to provide advisory services to the Company during his retirement," said Darin Wagner, President and CEO of Balmoral. "We are also pleased to welcome Peggy on board on a full-time basis. Given her existing knowledge of the Company and expertise we are very confident our shareholders will continue to receive the same high level of financial management and reporting they have come to expect from Balmoral."

About Balmoral Resources Ltd. - www.balmoralresources.com

Balmoral is a Canadian-based precious metal exploration and development company currently delineating a series of 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

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.

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