Balmoral Resources Ltd.
TSX VENTURE : BAR

Balmoral Resources Ltd.

September 30, 2011 13:00 ET

Balmoral to Commence Initial Drill Testing of Detour East Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 30, 2011) - Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSX VENTURE:BAR) announced today that crews are currently mobilizing to begin initial drill testing of gold exploration targets on the Detour East Property, located along the Detour Gold Trend in west-central Quebec. The Detour East Property covers a 20 kilometre long stretch of the Sunday Lake Deformation Zone which hosts the Abitibi's largest undeveloped gold resource – the Detour Gold deposit - on an adjacent property in Ontario.

The planned 1,200 to 1,500 metre diamond drill program will target geophysical and geological targets located along the Sunday Lake Deformation Zone in settings similar to that which hosts the Detour Gold deposit, as well as additional targets sharing similarities to the Company's Martiniere West, Fenelon and Grasset Gold discoveries located to the east along the trend. Balmoral is in the first year of an option agreement whereby the Company can earn up to a 60% interest in the Detour East Property from Radisson Mining Resources Inc. (TSX VENTURE:RDS) (see NR10-05, Sept. 7, 2010).

"Targeting at Detour East will be focused on areas where we consider the potential for new, large tonnage gold discoveries to be the highest, drawing on our increasing knowledge of the belt and the work done by our neighbours to the west," said Darin Wagner, President of Balmoral Resources. "The Sunday Lake Deformation Zone is sparsely tested across the Detour East property, despite the presence of the Detour Gold deposit just to the west of the property, and thus represents a prime discovery target."

Drilling Update – Martiniere West, East and Grasset

The Company has now completed, and is awaiting final assay results, from 23 holes targeting the high-grade Martiniere West Gold Zone and 8 holes drilled on four targets in the Martiniere East area including the ME VMS discovery. To date 3 holes have been completed on the Grasset property as follow-up to the Grasset gold discovery and a fourth is in progress.

The Detour East, Martiniere and Grasset Properties form part of Balmorals district scale Detour Gold Trend Project. The Project extends for over 80 kilometres along the regional gold-bearing Detour/Sunday Lake Deformation Zone, which hosts the multi-million ounce Detour Gold deposit in Ontario. Balmorals Detour Gold Trend Project includes the Martiniere West, Central and East Gold Zones, the high-grade Fenelon Zone, the Lynx and Rambo prospects on the Detour East Property and the new Grasset discovery. By systematically employing modern exploration technologies and models to the least explored of the major gold trends in the Abitibi Greenstone Belt, Balmoral is looking to build on its initial successes and create shareholder value through resource expansion and discovery.

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 is supervising the work programs on the Detour East Property and has conducted site examinations of the property.

About Balmoral Resources – www.balmoralresources.com

Balmoral Resources is a Vancouver-based precious metal exploration 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 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 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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