Balmoral Resources Ltd.
TSX VENTURE : BAR

Balmoral Resources Ltd.

September 13, 2011 08:00 ET

Balmoral Confirms Discovery of Volcanogenic Massive Sulphide System at Martiniere East

-- Updates Drilling Progress at Martiniere West

-- Commences Airborne Geophysical Survey

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2011) - Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSX VENTURE:BAR) announced today that drilling has confirmed the discovery of a volcanogenic massive sulphide ("VMS") system on the Martiniere Property, part of the Company's Detour Trend Gold Project. Drill holes MDE-11-09, -10, -11 and -16, collared 43 to 145 metres along strike northeast from previously reported Martiniere East drill holes MDE-11-04, -05 and -06 (see NR11-12, June 15, 2011) have intersected a 4.00 to 13.65 metre thick horizon of massive pyrite with minor associated base metal sulphides. The massive sulphide body overlays an extensive semi-massive pyrite-rich feeder/stockwork zone which extends for up to 80 metres down-hole below the more massive mineralization.

Initial testing of the Martiniere East Zone encountered an extensive pyrite-rich feeder/stockwork zone, strong chlorite alteration and post mineral deformation/alteration associated with broad zones, 29 to 140 metres wide, of anomalous gold mineralization. Drill holes MDE-11-10 and MDE-11-11 were collared from the same location approximately 43 metres along projected strike to the northeast from the section containing holes MDE-11-04 to -06. Holes MDE-11-09 and MDE-11-16 were collared an additional 52 and 102 metres further to the northeast. Assays results from the recently completed series of holes remain pending. The sulphide system remains open in all directions and appears to correlate well with an I.P. anomaly which can be traced for several hundred metres. Photos from the massive sulphide and feeder/stockwork zones are available on the Company's website at www.balmoralresources.com/s/Martiniere.asp.

"The discovery of a previously undetected volcanogenic massive sulphide body in a region that hosts the large Selbaie deposit (53 million tonnes at 1.0% Cu, 1.9% Zn, 41 g/t Ag, and 0.6 g/t Au) and the prolific Mattagami base metal camp adds an exciting new element to our Detour Gold Project," said Darin Wagner, President and CEO of Balmoral Resources. "The Company interprets the massive sulphide mineralization to represent the distal facies of a typical VMS system. While we do not anticipate any significant base metal assays from the mineralization intersected to date, the new discovery is open in all directions and drilling will continue following completion of a high resolution airborne geophysical survey and receipt of initial geochemical results."

MARTINIERE WEST DRILLING UPDATE

The Company also reported that it has now completed an additional 16 holes testing extensions of the Martiniere West Gold Zone. Visible gold mineralization has been reported from approximately 40% of the holes completed to date. Assay results remain pending and will be released as they are received by the Company. Drilling continues at Martiniere West with 6 to 8 additional holes planned before the drill is shifted to the Detour East Property.

VTEM PLUS SURVEY UNDERWAY

The Company also announced that an extensive high-resolution airborne electromagnetic and magnetic survey of its Martiniere, N2, Grasset, Harri and East Doight Properties has commenced. Balmoral has contracted Geotech Ltd. of Aurora, Ontario to conduct a low-level helicopter supported VTEM Plus and magnetic gradiometer survey covering the Company's properties. Results from the VTEM survey, which will be completed over the next 4-6 weeks, will be used by the Company to assist in additional target identification, resolution and discrimination.

Balmoral's Detour Gold Trend Project, which extends for 82 kilometres along the Detour-Sunday Lake Deformation Zone in Central Quebec, includes the Martiniere Property, the near-surface Lynx and Rambo Gold Zones on the Detour East Property, the high-grade Fenelon Gold Zone and the recent Grasset Gold Discovery. Drilling is currently on-going on the Martiniere and Grasset Properties.

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 properties, visited the properties on multiple occasions, examined the drill core from the holes summarized in this release and reviewed the analytical and quality control results.

About Balmoral Resources Ltd. – www.balmoralresources.com

Balmoral is a Vancouver-based precious metal exploration and development company focused on district scale gold opportunities in politically favourable jurisdictions in North America. 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.

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 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 news release contains information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company's 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.

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.

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