Mr. Darin Wagner reports

BALMORAL APPOINTS VICE PRESIDENT, CORPORATE DEVELOPMENT

Effective immediately, Balmoral Resources Ltd. has appointed John Foulkes to the position of vice-president, corporate development. Mr. Foulkes is an industry veteran with over 20 years of experience as an exploration geologist and manager of corporate development for Toronto Stock Exchange-listed resource companies.

Mr. Foulkes began his career in the industry as an exploration geologist and helped lead the exploration teams that discovered the Jericho and Gahcho Kue diamond deposits in the Canadian Arctic. More recently, Mr. Foulkes managed corporate development activities for TSX-listed Candente Copper Corp. and Platinum Group Metals Ltd. He also served as an adviser in the same role at MAG Silver Corp. and West Timmins Mining Inc., where he worked with members of Balmoral's current management team.

"We are very pleased to have John rejoin our team and take over the corporate development portfolio," said Darin Wagner, president and chief executive officer of Balmoral. "I am confident that John's expertise and experience on the technical, analytical and communication fronts will be well received by our shareholder base and help to further broaden our profile and market exposure."

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