Mr. John Foulkes reports

BALMORAL CLOSES SECOND TRANCHE OF FLOW THROUGH OFFERING FOR AGGREGATE PROCEEDS OF $5,435,734

Balmoral Resources Ltd. has successfully closed the second and final tranche of the previously announced (see NR15-14 and NR15-15 dated Oct. 15 and Oct. 28, 2015) non-brokered private placement. The company has raised an additional $900,000, for aggregate gross proceeds of $5,435,734, through the issuance of an aggregate of 7,247,646 flow-through common shares at a price of 75 cents per flow-through share. The second tranche of the offering was completed with a single, existing institutional shareholder.

The proceeds raised from the offering will be used by the company for further delineation of its Martiniere gold and Grasset nickel discoveries, and continued exploration of its Detour gold trend project located in the province of Quebec.

In conjunction with the completion of the second tranche of the offering the company has paid a single finder a cash commission of $51,000, for aggregate commissions totalling $319,544.

Securities issued under the second tranche of the offering are subject to a hold period which will expire four months and one day from the date of closing, being March 19, 2015.

We seek Safe Harbor.