Mr. John Toporowski reports

BALMORAL RESOURCES (TSX:BAR) RECEIVES $2,006,373 FROM WARRANT EXERCISE

Balmoral Resources Ltd. has received a total of $2,006,373 from the exercise of warrants that expired Oct. 17, 2014. An additional 470,588 warrants, held by a single subscriber, are eligible to be exercised on, or before, Oct. 30, 2014, at a strike price of 75 cents.

The company currently has a cash balance of approximately $7.1-million and working capital (which includes short-term tax recoveries and publicly traded shares) of approximately $7.7-million. Balmoral currently has 103,710,933 shares issued and outstanding. The company announced a bought-deal, flow-through private placement to raise an additional $10.3-million on Oct. 15, 2014.