Mr. Darin Wagner reports

BALMORAL ANNOUNCES BROKERED $3.0 MILLION PRIVATE PLACEMENT OF FLOW-THROUGH COMMON SHARES

Balmoral Resources Ltd. has entered into an agreement with PI Financial Corp. as lead agent on behalf of a syndicate of agents, pursuant to which the agents have agreed to offer 4,225,000 national flow-through (FT) common shares of the company at a price of 71 cents per national FT share for aggregate gross proceeds of $2,999,750. In addition, the company will grant the agents an option to place up to an additional 633,750 national flow-through shares, exercisable in whole or in part, at any time prior to the closing date (as defined below).

The gross proceeds from the offering will be used by the company to continue exploration of its Detour gold trend project and for the exploration of other gold properties held by the company in Canada, such exploration work to constitute Canadian exploration expenses (as defined in the Income Tax Act (Canada)) with the expenses to be renounced for the 2017 taxation year.

Closing of the offering is anticipated to occur on or before Aug. 29, 2017. Closing of the offering is subject to certain conditions, including the receipt of regulatory approvals, such as the acceptance of the offering by the Toronto Stock Exchange. The offered securities will be subject to a four-month hold period under applicable securities laws in Canada.

In consideration of the agents' services, the company has agreed to pay the agents a cash commission of 5.0 per cent of the gross proceeds of the offering. The offering is being made on a best-efforts private placement basis to be offered for sale in British Columbia, Alberta and Ontario, and such other Canadian jurisdictions as the company and the agent may agree.

About Balmoral Resources Ltd.

Balmoral is a well-financed, Canadian-based company actively delineating and expanding a series of gold deposits on its Martiniere property located within the prolific Abitibi greenstone belts in Quebec, Canada. The Martiniere property is just one of several large, highly prospective properties comprising the company's wholly owned, 1,000-square-kilometre Detour gold trend project.

We seek Safe Harbor.