Mr. Darin Wagner reports

BALMORAL INTERSECTS 9.30 G/T GOLD OVER 15.75 METRES, BUG LAKE GOLD TREND, MARTINIERE PROPERTY, QUEBEC

Balmoral Resources Ltd. today released results for 11 holes from the recently completed winter 2015 drill program on the company's wholly owned Martiniere property. Results were highlighted by intercepts of 9.30 grams per tonne gold over 15.75 metres, including 18.11 grams per tonne gold over 7.51 metres, from the Footwall zone in hole MDE-15-175A.

Hole MDE-15-175A intersected the Footwall zone approximately 12 metres below MDE-15-166, which returned an intercept of 19.55 grams per tonne gold over 44.45 metres, including 34.84 grams per tonne gold over 24.14 metres (see news release dated April 20, 2015). Results suggest a possible local fault repeat of the Footwall zone in the vicinity of hole MDE-15-166. Today's results continue to demonstrate the very high-grade nature of the Footwall zone beneath this local fault offset and expand the footprint of the Footwall zone down plunge from MDE-15-166.

"The winter 2015 program has thus far allowed us to expand and better constrain the multiple gold-mineralized zones that are contained within the Bug Lake trend," said Darin Wagner, president and chief executive officer of Balmoral. "The shallow and very high-grade nature of the Footwall zone within the upper steep section of the Bug Lake trend makes it an obvious initial focus. However, we are also pleased to see the continuation of broad zones of gold mineralization through the flatter northern section of the Bug Lake trend, which bodes well for the continuation of gold mineralization to depth along the second steep."

                    BUG LAKE GOLD TREND
 
Hole                  From         To  Interval*       Gold
No.               (metres)   (metres)   (metres)      (g/t)

MDE-15-174                  Terminated at bedrock interface
MDE-15-175                  Terminated at bedrock interface
MDE-15-175A          53.56      55.97       2.41       3.37
                     60.75      72.38      11.63       0.53
                     86.53      93.32       6.79       9.71
including            87.99      90.32       2.33      27.86
                    103.28     134.87      31.59       0.88
including           103.28     107.10       3.82       2.93
                    171.99     187.74      15.75       9.30
including           171.99     179.50       7.51      18.11
which includes      176.81     178.97       2.16      56.45
which includes      178.50     178.97       0.47     210.00
MDE-15-176           55.08     154.38      99.30       0.63
including            84.06      85.11       1.05       3.15
and                  92.68      93.35       0.67       8.03
and                 139.25     140.05       0.80       4.71
MDE-15-177           48.20      89.00      40.80       0.73
including            77.00      78.00       1.00       4.24
                    115.00     152.00      37.00       0.51
MDE-15-178           51.50     119.50      68.00       0.96
including            53.29      53.67       0.38       8.82
and                 106.00     108.07       2.07       3.80
MDE-15-179           80.58      84.22       3.64       3.31
including            81.47      82.30       0.83      10.35
                    148.90     176.00      27.10       0.69
including           155.18     155.95       0.77       3.04
MDE-15-180           22.10      90.80      68.70       0.68
including            33.43      34.25       0.82       9.06
and                  83.00      83.55       0.55       9.77
and                  87.40      88.00       0.60       4.93
MDE-15-181           26.04      91.75      65.71       0.41
MDE-15-182           52.96      81.00      28.04       0.24
MDE-15-183           28.00      63.88      35.88       0.36
including            33.87      36.30       2.43       2.49
   
* Reported drill intercepts are not true widths. At this 
time there are insufficient data with respect to the shape 
of the mineralization to calculate true orientations in 
space. 

The Bug Lake trend is a 1,200-metre-long-by-60-metre-to-120-metre-wide roughly north-south fault-striking corridor. This fault corridor hosts a number of subparallel, steeply dipping and moderately south-plunging gold zones that have been intersected to vertical depths of approximately 400 metres and which remain open. These include the very high-grade Footwall zone, the Upper and Lower Bug Lake zones, and the Hangingwall zone. The Bug Lake trend crosscuts local, north-northeast-striking, moderately south-dipping volcanic stratigraphy (host to the Martiniere East VMS occurrence) at a high angle (75 degrees to 85 degrees).

The Bug Lake trend is subdivided into a northern and a southern segment roughly halfway through its known strike length by a late, northwest-directed fault that offsets the trend by approximately 75 metres. The northern segment of the Bug Lake trend currently being tested exhibits open S-type geometry. Near surface, over the southern half of the northern segment, the fault system exhibits near-vertical geometry with south-plunging gold zones developed within vertically dipping structural zones. At depths of 150 vertical metres to 250 vertical metres the fault zone begins to flatten to a shallower (20-degree to 45--degree) dip before again steepening to near vertical or overturned. This flat section also exhibits a southern plunge coming to surface in the northern portion of the area currently being tested (holes MDE-15-180 to -183). The flats are typically characterized by broad zones of gold mineralization but weaker development of the higher-grade structural zones that characterize the steeps.

Results from an additional nine holes completed during the winter program remain pending. Additional testing along the Bug Lake gold trend will resume in the second or third quarter of 2015, as will testing of additional gold and VMS targets throughout the 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 the company's Grasset Ni-Cu-PGE discovery.

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 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, Que., analytical facilities. Gold analyses are obtained through industry-standard fire assay with atomic absorption finish using 30-gram aliquots. For samples returning greater than 5.00 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.

We seek Safe Harbor.