Mr. Darin Wagner reports

BALMORAL RESOURCES LTD. (TSX:BAR) INTERSECTS 19.55 G/T GOLD OVER 44.45 METRES

Balmoral Resources Ltd. has released results for the first nine holes from recently completed winter 2015 drill program on the company's wholly owned Martiniere property. The Martiniere property forms part of the company's 700-plus-square-kilometre Detour Trend project and is located approximately 40 kilometres west of Balmoral's Grasset nickel-copper-platinum-group-element discovery.

Highlights:

• Drilling continues to confirm continuity of high-grade core to Bug Lake trend;
• New copper-zinc-silver-gold intercept from Martiniere East system.

Results were highlighted by intercepts of 19.55 grams per tonne gold over 44.45 metres, including 34.84 grams per tonne gold over 24.14 metres in hole MDE-15-166, one of the strongest intercepts to date from the Footwall zone, and 4.28 grams per tonne gold over 53.78 metres from the combined Lower Bug Lake and Footwall zones in hole MDE-15-73, including 7.01 grams per tonne gold over 22.48 metres through the Footwall zone.

Drilling focused on infill and expansion of the known gold zones across a 225-metre-long-by-150-metre-deep section of the 1,200-metre-long-by-400-metre-deep open-ended Bug Lake gold trend. Today's results continue to demonstrate the continuity of high-grade gold mineralization within the numerous zones located along the north-south-oriented Bug Lake gold trend, and in particular the very high-grade nature of the Footwall and Hangingwall zones.

"We are pleased to see our initial winter assays meet, or in several cases exceed, results from our previous work in this portion of the Bug Lake gold trend and pleasantly surprised with the identification of high-grade base metal sulphides potentially associated with the Martiniere East VMS system," said Darin Wagner, president and chief executive officer of Balmoral Resources.

Copper-zinc-silver-gold intercept

Drilling also intersected a 2.10-metre interval of high-grade copper-zinc-silver-gold mineralization which, while incorporated into the later Bug Lake mineralized system, is interpreted to be associated with the adjacent Martiniere East VMS system. Hole MDE-15-172 intersected 2.10 metres grading 1.52 per cent copper, 4.20 per cent zinc, 29.44 grams per tonne silver and 2.79 grams per tonne gold from a semi-massive sulphide interval incorporated into a brecciated phase of the Upper Bug Lake gold zone. The metal suite and associated trace elements are atypical of the Bug Lake gold trend and of clear VMS affinity. They would represent by far the strongest base metal results to date from the Martiniere East area. Today's intercept provides a positive indication that the Martiniere East VMS system, and by inference VMS systems within the broader Detour Trend land package which have not been a primary focus of exploration targeting, are capable of producing base metal grades of economic interest similar to those observed in the nearby Selbaie and Mattagami camps.

Quality control

Darin Wagner, PGeo, president and chief executive officer 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, 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, Que., analytical facilities. Gold analyses are obtained via industry standard fire assay with atomic absorption finish using 30-gram aliquots. For samples returning greater than five grams per tonne 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 grams per tonne 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.