Balmoral Intersects 23.82 g/t Gold Over 6.73 Metres (BL) and 16.53 g/t Gold Over 6.21 Metres (FW) in Same Hole, Martiniere Pr...

Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSX
VENTURE:BAR)(OTCQX:BALMF) today reported additional broad, high-grade gold
intercepts from the Bug Lake area of the Company's Detour Gold Trend Project in
Quebec. Drill hole MDE-12-72 returned the highest grade intercept to date from
the Bug Lake Zone - 6.73 metres grading 23.82 g/t gold - from a vertical depth
of only 25 metres. The same hole intersected the Footwall Zone which returned a
similarly high-grade intercept of 16.53 g/t gold over 6.21 metres (at a vertical
depth of only 49 metres). 


Drilling continues to confirm the continuity of at least three closely spaced,
high-grade gold zones, the Footwall, Bug Lake and Hanging Wall Zones, within the
Bug Lake Fault corridor. The Bug Lake Zone continues to demonstrate good overall
widths including intercepts of 8.54 g/t gold over 19.08 metres and 1.98 g/t gold
over 44.48 metres, frequently with higher grade sub-intercepts. The Hanging Wall
Zone, located approximately 60 metres east of the Bug Lake Zone, continues to
return high grade values including 36.01 g/t gold over 2.07 metres from hole
MDE-12-70. Results for an additional 11 holes completed during the fall 2012
drill program remain pending. Winter road construction is now underway in
preparation for the next phase of drilling which is slated to begin in early
January 2013.




Gold Results                                                                
                                                                            
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Hole                    From           To  Interval(i)     Gold         Zone
Number              (Metres)     (Metres)     (Metres)    (g/t)             
----------------------------------------------------------------------------
MDE-12-67              56.33        78.82        22.49     0.70     Bug Lake
including              74.81        75.43         0.62     6.19            "
----------------------------------------------------------------------------
MDE-12-68              36.90        48.10        11.20     0.40 Hanging Wall
                       70.47       114.95        44.48     1.98     Bug Lake
including              70.47        80.00         9.53     6.43            "
which includes         71.08        72.35         1.27    13.57            "
and                    77.13        79.29         2.16    13.73            "
and including          88.85        93.18         4.33     3.59            "
----------------------------------------------------------------------------
MDE-12-69              58.50        59.16         0.66     8.97 Hanging Wall
                       85.15        86.60         1.45    23.54            ?
                      113.27       183.05        69.78     0.51     Bug Lake
including             113.27       132.17        18.90     0.99            "
----------------------------------------------------------------------------
MDE-12-70              48.26        67.26        19.00     1.10            ?
including              50.30        52.46         2.16     3.33            ?
                       79.71        81.78         2.07    36.01 Hanging Wall
including              81.10        81.78         0.68    77.60            "
                      171.30       184.43        13.13     0.75     Bug Lake
----------------------------------------------------------------------------
MDE-12-71a             86.88        88.23         1.35    29.96     Footwall
----------------------------------------------------------------------------
MDE-12-72              25.73        44.81        19.08     8.54     Bug Lake
including              25.73        32.46         6.73    23.82            "
which includes         29.30        32.46         3.16    49.18            "
                       59.19        65.40         6.21    16.53     Footwall
including              59.19        62.04         2.85    34.43            "
----------------------------------------------------------------------------
                                                                            
(i) Reported drill intercepts are not true widths. At this time there is    
insufficient data with respect to the shape of the mineralization to        
calculate true orientations in space.                                       



"With further confirmation of exceptional grades, over good widths, at extremely
shallow depths, in multiple zones the Bug Lake discoveries are providing
Balmoral with another high-value gold asset at a time when global gold discovery
rates continue to fall," said Darin Wagner, President and CEO of Balmoral. "As
exciting as the Martiniere area results continue to be, the best news for our
shareholders as we head into 2013 may be that these discoveries occupy less than
0.5% of our extensive land holdings along the Detour Gold Trend and that we are
fully funded to continue aggressive expansion/exploration of the Martiniere
discoveries and this outstanding land package through 2013."


Drill holes MDE-12-67, 68, 69 and 70 were collared from the same collar location
at progressively steeper angles. All four holes tested the Bug Lake Zone. Holes
MDE-12-67 and 68 tested for potential extensions of the Footwall Zone and holes
MDE-12-68, 69 and 70 intersected the Hanging Wall Zone. Holes MDE-12-71a and 72
were collared to test the up-plunge projection of the Footwall Zone. Hole
MDE-12-72, the steeper of the two holes, also intersected the western margin of
the Bug Lake Zone immediately beneath overburden cover. Revised long-sections
for each of the Footwall, Bug Lake and Hanging Wall Zones have now been posted
on the Company's website at www.balmoralresources.com. 


The Martiniere Property, which hosts the Martiniere West, Central and ME-16
Zones, and the multiple high-grade gold discoveries within the Bug Lake
Corridor, forms part of Balmoral's 82 kilometre long Detour Gold Trend Project
located along the Sunday Lake deformation zone in Central Quebec adjacent to the
developing Detour Gold deposit in Ontario. 


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 Martiniere
Property, visited the property on multiple occasions, examined the drill core
and/or photographs from the holes summarized in this release, discussed and
reviewed the results with senior on-site geological staff and reviewed the
available analytical and quality control results. 


Balmoral has implemented a quality control program for all of its drill
programs, to ensure best practice in the sampling and analysis of the drill
core, which includes the insertion of blind blanks, duplicates and certified
standards into sample stream. NQ sized drill core is saw cut with half of the
drill core sampled at intervals based on geological criteria including
lithology, visual mineralization and alteration. The remaining half of the core
is stored on-site at the Company's Martiniere field camp in Central Quebec.
Drill core samples are transported in sealed bags to ALS Minerals Val d'Or,
Quebec analytical facilities. Gold analyses are obtained via industry standard
fire assay with atomic absorption finish using 30 g aliquots. For samples
returning greater than 5.00 g/t gold follow-up fire assay analysis with a
gravimetric finish is completed. The Company has also requested that any samples
returning greater than 10.00 g/t gold undergo screen metallic fire assay.
Following receipt of assays visual analysis of mineralized intercepts is
conducted and additional analysis may be requested. ALS Minerals is ISO
9001:2008 certified and the Val d'Or facilities are ISO 17025 certified for gold
analysis.


About Balmoral Resources Ltd. - www.balmoralresources.com

Balmoral is a Vancouver-based precious metal exploration and development company
focused on 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 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Balmoral Resources Ltd.
John Toporowski
Manager, Corporate Development
[phone] / Toll Free: [phone]
[phone] (FAX)
[e-mail]
www.balmoralresources.com