Balmoral Resources Ltd. reported that widely spaced drilling has successfully extended the Bug Lake Gold Zone by 350 metres to the south, effectively doubling the known strike extent of the Zone. With the southern-most hole of the current program returning some of the strongest intercepts reported the Zone remains open to the south and to depth on all sections. The Bug Lake Trend, which includes the Bug Lake, BL Hanging Wall and BL Footwall Zones, is one of two prominent gold bearing trends located on Balmoral's Martiniere Property. The Martiniere Property forms part of the company's wholly owned 82 kilometre long Detour Gold Trend Project in Quebec. Broad zones of anomalous gold mineralization, ranging from 8.84 to 68.63 metres in down-hole width, were intersected in each of the eleven holes which traced the southern continuation of the Bug Lake Gold Zone. Ten of eleven reported holes returned individual intercepts of greater than 3.00 g/t gold. In addition high-grade gold intercepts in the footwall to the Bug Lake Gold Zone, of 25.20 g/t gold over 1.00 metre in hole MDE-13-91 and 21.06 g/t over 0.45 metres in hole MDE-13-104 (the two most southerly holes of the program collared approximately 95 metres apart), may indicate the discovery of another zone of mineralization similar to the high grade Footwall Zone located to the north.

Balmoral Resources Ltd. has been advised by GTA Resources and Mining Inc. that initial results from the Phase 4 drilling program on the Company's Northshore Property located near Schreiber, Ontario have successfully continued to expand the Afric Gold Zone. Results reported confirm the presence of a north-east extension of the mineralized system into an area which has seen little historic testing. Results also continued to demonstrate broad zones of gold mineralization along the previously defined east-northeast trending portion of the Afric Gold Zone, including 1.47 g/t gold over 70.0 metres in hole WB-13-38. Drilling also continues to intersect a series of higher-grade gold-bearing structures within the broader Afric Zone along both the Northeast and East limbs of the system. East Extension - Highlights from 3 holes (WB-13-36, -37 and -38) completed along the eastern extension of the Afric Zone include 2.50 g/t (grams per tonne) gold over 13.0 metres (within a broader zone of 1.4 g/t gold over 43.5 metres) in hole WB-13-37 and 12.28 g/t gold over 2.0 metres (within a broader zone of 1.47 g/t gold over 70.0 metres) in hole WB-13-38. These holes, drilled approximately 50 metres and 100 metres respectively below a previously drilled shallow intersection of 1.51 g/t gold over 50.8 metres (hole WB-12-29) help confirm the strike continuity of the East Extension for a distance of 170 metres from the historic core of the Afric Zone and the depth continuity to a vertical depth of approximately 150 metres in this area. Hole WB-13-36 was drilled 70 metres further east and intersected anomalous gold (0.66 g/t gold over 10.0 metres) along the interpreted trend of the East Extension. Northeast Extension - Holes WB-13-39 and 40 tested the Northeast Extension approximately 130 metres northeast from the historic core of the Afric Zone and were successful in intersecting the northeast continuation of the Zone. The upper hole (WB-13-39) intersected 4.77 g/t gold over 8.0 metres within a broader zone of 1.35 g/t gold over 34.2 metres. Hole WB-13-40 tested the zone 50 metres below and intersected 7.97 g/t gold over 1.5 metres within a 49.0 metre zone assaying 0.53 g/t gold. Gold mineralization on the Northshore Property is hosted within a sequence of felsic intrusive and lesser volcanic rocks. The Afric Zone is characterized by strong fracturing, moderate to locally strong alteration, disseminated sulphide mineralization and locally abundant visible gold. The mineralization is most similar to that associated with porphyry-style gold deposits and remains open in several directions. High-grade mineralization typically occurs in quartz veins and veinlets hosted by north-northeast trending fracture sets within the broader Afric Zone. Additional high-grade vein systems on the property, including the one associated with the former producing Northshore Mine, also remain to be evaluated.

Balmoral Resources Ltd. announced that it has completed the winter 2013 drill program on its Detour Trend Gold Project in Quebec. Drilling was focused in and around the high-grade Martiniere West Zone and Bug Lake area gold discoveries and on exploration targets on the broader Martiniere Property. The expansion and exploration drill program was completed on time and on budget. In total, approximately 13,600 metres of drilling were completed in 50 diamond drill holes. Twenty four holes focused on lateral and depth extensions of the Bug Lake and associated zones of gold mineralization (results pending), nine holes on vertical and lateral extensions of the West Zone at depths below 150 metres (results pending) and eighteen first pass exploration holes which were completed outside the areas of previous testing on the Property (results of sixteen holes (MDX-13-08 to -23). Results received to date have indicated that high-grade gold mineralization can now be traced for over 850 metres along the trend of the Martiniere West Zone, more than doubling the previously known length of this trend and extending to over 2,000 metres the northeast-southwest strike extent of the Martiniere gold system. As well, recently received results indicate the discovery of a new area of anomalous gold mineralization located approximately 500 metres northeast of the Bug Lake Zone in an area of the property which had not been previously. Hole MDX-13-20 intersected a number of intervals of anomalous gold mineralization (ranging from 0.96 g/t gold to 2.67 g/t gold) over drill indicated intervals of 0.32 to 3.03 metres. The anomalous gold mineralization occurs within a zone of increased pyrite content and quartz-carbonate veining between 82.83 and 114.25 metres down hole. This new discovery and the others announced earlier continue to demonstrate the highly prospective nature of the company's extensive land holdings along the Detour Gold Trend, adjacent Canada's newest gold producer.