Balmoral Resources Ltd.
TSX VENTURE : BAR

Balmoral Resources Ltd.

November 18, 2010 15:12 ET

Balmoral Grants Initial Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 18, 2010) - Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSX VENTURE:BAR) announced today that, pursuant to the provisions of its 2010 incentive stock option plan, that the Board of Directors has approved the grant of incentive stock options to directors, officers, employees, consultants and advisors of the Company to purchase up to an aggregate of 3.0 million common shares in the capital stock of the Company. The options are exercisable on or before November 18, 2015 at a price of $1.00 per share.

About Balmoral Resources Ltd. (www.balmoralresources.com)

Balmoral Resources Ltd. is a newly formed Vancouver-based precious metal exploration and development company focused on district scale gold and silver 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

All of the Company's public disclosure filings may be accessed via www.sedar.com.

Neither 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.

Contact Information