SOURCE: Balmoral Resources Ltd.

Balmoral Resources

February 24, 2015 07:30 ET

Balmoral Appoints Vice President, Corporate Development

VANCOUVER, BC--(Marketwired - February 24, 2015) - Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSX: BAR) (OTCQX: BALMF) reported today that, effective immediately, it has appointed Mr. John Foulkes to the position of Vice President, Corporate Development. Mr. Foulkes is an industry veteran with over 20 years of experience as an exploration geologist and manager of corporate development for TSX listed resource companies.

Mr. Foulkes began his career in the industry as an exploration geologist and helped lead the exploration teams that discovered the Jericho and Gahcho Kue diamond deposits in the Canadian arctic. More recently, Mr. Foulkes managed corporate development activities for TSX listed Candente Copper Corp. and Platinum Group Metals Ltd. He also served as an advisor in the same role at MAG Silver Corp. and West Timmins Mining Inc., where he worked with members of Balmoral's current management team.

"We are very pleased to have John re-join our team and take over the corporate development portfolio" said Darin Wagner, President and CEO of Balmoral. "I am confident that John's expertise and experience on the technical, analytical and communication fronts will be well received by our shareholder base, and help to further broaden our profile and market exposure."

 About Balmoral Resources Ltd. - www.balmoralresources.com

Balmoral is a well-funded, Canadian-based company actively delineating and expanding both high-grade gold and nickel discoveries on its wholly owned, 700 square kilometre Detour Trend Project in Quebec, Canada. Led by 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.

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

"Darin Wagner"

President and CEO

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 programs and expenditures, the ability of the Company to meet its stated goal of maximizing shareholder value through the discovery and delineation of mineral deposits/resources/reserves, the timing of the receipt of assay results, the prospective nature of the Company's land holdings, the nature and style of the mineralization discussed and its interpreted continuity, interest of investors in the results generated by the Company's exploration activities 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 uncertain nature and interpretation of geological and geophysical models, 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.

Contact Information

  • For   further information contact: 
    Mr. John Foulkes
    Tel: (604) 638-5815 / Toll Free: (877) 838-3664
    E-mail: info@balmoralresources.com