Balmoral Reports More High Grade Intercepts From the Martiniere Property, Detour Gold Trend

--  Highlights Include 11.74 g/t Gold Over 8.90 Metres; 7.64 g/t Gold Over
    7.85 Metres and 7.66 g/t Gold Over 7.05 Metres 
    
--  Identifies Fault Repeat and Possible Depth Extension of Footwall Zone 



Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSX
VENTURE:BAR)(OTCQX:BALMF) today reported additional high-grade gold results from
drill testing of multiple shallow zones situated along the Bug Lake Fault System
on its wholly owned Martiniere Property in Quebec. Drilling continued to expand
and delineate the Hanging Wall, Footwall and Bug Lake Zones, with most holes
successfully intersecting multiple zones of gold mineralization.


Results from the final 11 holes of the fall 2012 drill program indicate the
presence of a fault repeat of the Footwall Zone, potential for expanding the
Footwall Zone to depth and provide further evidence for the local development of
a fourth, near surface high-grade zone located between the Bug Lake and Hanging
Wall Zones. Drilling continues on the Martiniere Property with 2 rigs currently
on site. 


"Today's results continue to demonstrate the continuity and growth potential of
the multiple zones in the Bug Lake area of the Martiniere Property and they set
the stage for an exciting 2013 drill campaign," said Darin Wagner, President and
CEO of Balmoral Resources. 


Gold Results



----------------------------------------------------------------------------
Hole                  From           To  Interval(i)    Gold  Zone          
Number            (Metres)     (Metres)     (Metres)   (g/t)                
----------------------------------------------------------------------------
MDE-12-73            41.85        44.04         2.19    8.63  Hanging Wall  
including            41.85        42.39         0.54   32.20  "             
                    102.23       126.09        23.86    0.69  Bug Lake      
including           103.00       106.56         3.56    3.78  "             
which includes      105.75       106.56         0.81   11.00  "             
----------------------------------------------------------------------------
MDE-12-74            61.58        68.63         7.05    7.66  Hanging Wall  
including            61.58        62.77         1.19   42.25  "             
and                  68.18        68.63         0.45    7.05  "             
                    108.10       139.36        31.26    1.98  Bug Lake      
including           111.87       120.91         9.04    3.15  "             
and                 128.75       135.37         6.62    3.10  "             
which includes      132.86       135.37         2.51    6.97  "             
                    212.00       213.66         1.66    8.07  Footwall      
----------------------------------------------------------------------------
MDE-12-75           150.45   215.00(ii)        64.55    0.49  Bug Lake      
including           150.45       170.63        20.18    0.80  "             
which includes      150.45       152.53         2.08    2.70  "             
and including       194.00       194.76         0.76   10.90  "             
----------------------------------------------------------------------------
MDE-12-76       27.60(iii)       100.71        73.11    0.54  Bug Lake+FW   
including            27.60        45.90        18.30    0.49  Bug Lake      
including            45.90        55.51         9.61    1.10  Footwall      
----------------------------------------------------------------------------
MDE-12-77            27.02        65.52        38.50    0.45  Bug Lake      
                     65.52        73.37         7.85    7.64  Footwall      
including            65.94        66.95         1.01   47.06  "             
                     73.37        82.99         9.62    0.90                
----------------------------------------------------------------------------
MDE-12-78            31.42       106.04        74.62    0.75  Bug Lake+FW   
including            31.42        79.15        47.73    0.80  Bug Lake      
which includes       70.13        74.46         4.33    3.20  "             
which includes       73.50        74.46         0.96   11.15  "             
and including        79.15        93.45        14.30    1.09  Footwall      
----------------------------------------------------------------------------
MDE-12-79            39.19        49.02         9.83    1.07  Bug Lake      
including            46.93        49.02         2.09    4.09  "             
                     64.55        65.08         0.53   22.00  Footwall      
----------------------------------------------------------------------------
MDE-12-80            44.43        54.86        10.43    2.27  Bug Lake      
including            48.72        50.53         1.81    9.56  "             
                     64.46        66.78         2.32    9.66  Footwall      
including            66.25        66.78         0.53   38.70  "             
----------------------------------------------------------------------------
MDE-12-81           135.46       175.10        39.64    0.53  Bug Lake      
including           140.78       155.02        14.24    1.09  "             
----------------------------------------------------------------------------
MDE-12-82            48.88        90.11        41.23    0.87  Bug Lake + FW 
including            48.88        71.57        22.69    0.36  Bug Lake      
and                  71.57        84.94        13.37    1.90  Footwall      
which includes       73.61        75.00         1.39    4.14  "             
----------------------------------------------------------------------------
MDE-12-83       18.09(iii)        26.99         8.90   11.74  Upper Porphyry
including            18.84        21.14         2.30   41.06  "             
which includes       18.84        20.00         1.16   58.80  "             
                     59.86        98.04        38.18    0.53  Bug Lake + FW 
including            59.86        87.93        28.07    0.37  Bug Lake      
and                  87.93        89.35         1.42    5.36  Footwall      
----------------------------------------------------------------------------
                                                                            
(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.                                       
(ii) Terminated in mineralized zone                                         
(iii) Collared into mineralized zone                                        



Geological Interpretation

The Footwall Zone has now been traced down-plunge for 150 metres from the
bedrock surface. Increased drill density indicates the presence of a fault
repeat of the Footwall Zone. Re-interpretation of the Zone places the fault
repeated section between the main Footwall Zone and the Bug Lake Zone in the
vicinity of previously reported hole MDE-12-72, which returned 23.82 g/t gold
over 6.73 metres from what is now regarded to be a Footwall Zone intercept. This
fault offset section can be traced for approximately 75 metres down plunge. In
addition, an intercept of 8.07 g/t gold over 1.66 metres in hole MDE-12-74 may
represent the depth extension of the Footwall Zone at roughly 180 metres
vertical depth, below which the footwall area remains untested. A revised long
section for the Footwall Zone is available on the Company's website at
www.balmoralresources.com.


A deeper intercept of 16.53 g/t gold over 6.21 metres from hole MDE-12-72, along
with three other intercepts, may indicate the presence of another high-grade
occurrence to the west of the Footwall Zone in an area of limited testing. 


The Bug Lake Zone continues to demonstrate broad zones of anomalous gold
mineralization with higher grade sub-zones. Locally, the anomalous gold
mineralization associated with the Bug Lake Zone merges with the zone of
anomalous gold mineralization which typically surrounds the high-grade core of
the Footwall Zone. Where there is no discernible break in the anomalous (greater
than 100 ppb Au) gold zone, the two zones have been reported together and the
individual zones have also been reported separately in keeping with previous
releases. 


On-going testing has also indicated the localized presence of high-grade gold
mineralization located at the upper (eastern) contact of a porphyry dyke which
runs parallel to the Bug Lake Fault between the Bug Lake and Hanging Wall Zones.
The western contact of this same dyke often forms the up-dip margin of the Bug
Lake Zone. Several high-grade intercepts are present along the Upper Porphyry
contact and it may represent another target for potential future resource
definition.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Balmoral Resources Ltd.
John Toporowski
Manager, Corporate Development
[phone] / Toll Free: [phone]
604-648-8809 (FAX)
[e-mail]
www.balmoralresources.com