Balmoral Resources Ltd.
TSX : BAR
OTCQX : BALMF

Balmoral Resources Ltd.

November 14, 2013 08:00 ET

Balmoral Named Prospector of the Year in Quebec

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 14, 2013) - Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSX:BAR)(OTCQX:BALMF) is pleased to announce that Balmoral's exploration team have been recognized as the "Prospectors of the Year" in the Province of Quebec for their Bug Lake and related gold discoveries on the Company's Detour Gold Trend Project. The award was presented last evening at the annual AEMQ awards ceremony in Quebec City, Quebec.

The Bug Lake Gold Trend now stretches for over 1,000 metres and remains open in multiple directions at shallow depths. The Bug Lake Gold Zone, and related sub-zones, continue to exhibit high-grade gold mineralization and form one component of the evolving Martiniere Gold System on the Company's wholly owned Martiniere Property. Located 45 kilometres east of the Detour Gold Deposit, and a similar distance north of the producing Casa Berardi Gold Mine, the Martiniere System is centrally located within the Company's 600+ square kilometre Detour Gold Trend Project within the northern segment of the prolific Abitibi Greenstone Belt.

"The highest honours are those bestowed by one's peers and I am humbled to see Balmoral and its exploration team join a prestigious list of past recipients of this award," said Darin Wagner, President and CEO of the Company. "Our team, under the direction of Vice President, Exploration, Richard Mann, has shown outstanding dedication, an unparalleled work ethic and perhaps most importantly a tremendous nose for finding mineralization over the last two years as we have worked to unlock the potential of the Martiniere Gold System and our extensive land holdings in the province of Quebec."

Balmoral would also like to thank its exploration partners including Equity Exploration Consultants Ltd., Norex Drilling, Expedition Helicopters and Camp Services, ALS-Chemex and Gestion Aline Leclerc who have made significant contributions to the Company's exploration success.

Awarded annually by the Association de L'Exploration Miniere du Quebec, the Prospector of the Year Award is presented to a new discovery that produces a significant ripple effect on exploration activities both on the property itself and throughout the surrounding area.

For additional details on the Bug Lake Gold Zone and the Company's Detour Gold Trend Project please visit www.balmoralresources.com. The summer/fall drill program on the Project has recently been completed and results from 35 diamond drill holes remain pending. Drilling is anticipated to resume in January.

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 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 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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