Balmoral Intersects 7.94 g/t Gold Over 19.70 Metres BL

Balmoral Intersects 7.94 g/t Gold Over 19.70 Metres BL Footwall Zone,
Martiniere Property, Quebec 
-- High-grade core of intercept yields 21.18 g/t (0.62 oz/t) gold
over 6.45 metres (21.16 feet) 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/09/12 -- Balmoral
Resources Ltd. ("Balmoral" or the "Company") (TSX
VENTURE:BAR)(OTCQX:BALMF) reported today results from the first 3 of
20 holes drilled in the Bug Lake area of its Martiniere Property
during the recently completed Fall 2012 drill program. Results
include further confirmation of the very high grade nature of the Bug
Lake Footwall Zone. Hole MDE-12-65 returned anomalous gold
mineralization over an interval of 81.00 metres, including a
high-grade Footwall intercept of 7.94 g/t gold over 19.70 metres. As
with other previous intercepts from the Footwall Zone, this broader
interval contains a sulphide-rich core which returned 21.18 g/t gold
(0.62 oz/ton) over 6.45 metres (21.16 feet). The core of this
intercept occurs at approximately 50 metres vertical depth.  
"With a shallow, high value target like the Footwall Zone continuing
to expand in proximity to several other high-grade zones of gold
mineralization, today's results further demonstrate the potential of
the Martiniere gold system," said Darin Wagner, President and CEO of
Balmoral. "While others are attempting to add, or access, high-grade
ounces at considerable depth we are doing so in the near surface, on
multiple fronts, in one of the best mining jurisdictions on the
The Footwall Zone is one of three high-grade gold zones which occur
within the 100+ metre wide Bug Lake Fault corridor on the Company's
Martiniere Property in Quebec. The Martiniere Property forms part of
Balmoral's 82 kilometre long Detour Gold Trend Project located along
the Sunday Lake deformation zone in Central Quebec adjacent to the
developing Detour Gold deposit in Ontario.  

Gold Results                                                                
Hole                   From          To Interval(i)        Gold Zone        
Number             (Metres)    (Metres)    (Metres)       (g/t)             
MDE-12-64             30.21       51.85       21.64        0.25 ?           
MDE-12-65             26.00       43.20       17.20        2.12 ?           
including             38.00       41.30        3.30        4.66             
                      60.55       80.25       19.70        7.94 Footwall    
including             60.55       67.00        6.45       21.18 "           
MDE-12-66          20.15(1)       57.90       37.75        0.58 ?           
including             56.85       57.90        1.05        3.48 "           
                      73.55       78.50        4.95        0.45 Footwall?   
(i) Reported drill intercepts are not true widths. At this time there is    
insufficient data with respect to the shape of the mineralization to        
calculate true orientations in space.                                       
(1) Collared into mineralized zone                                          

Holes MDE-12-64 to 66 were collared from the same location, in the
footwall east of the Bug Lake Zone, and were drilled at down hole
angles of -45, -56 and -67 degrees. The intersection point of the
Footwall Zone in hole MDE-12-65 is at approximately 50 metres
vertical depth below surface and approximately 25 metres above/12
metres north of previously released hole MDE-12-63 (22.89 g/t gold
over 4.10 metres, see NR12-29, October 31, 2012). Drilling continues
to indicate that the very high-grade core of the Footwall Zone forms
a moderate to steeply plunging body consistent with the typical
geometry of high-grade gold zones in the Abitibi.  
Quality Control 
Mr. Darin Wagner (P.Geo.), President and CEO 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, Quebec analytical facilities. Gold analyses are
obtained via industry standard fire assay with atomic absorption
finish using 30 g aliquots. For samples returning greater than 5.00
g/t 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 g/t gold undergo screen metallic fire assay.
Following receipt of assays visual analysis of mineralized intercepts
is conducted and additional analysis may be requested to ensure the
accurate representation of mineralized zones. ALS Minerals is ISO
9001:2008 certified and the Val d'Or facilities are ISO 17025
certified for gold analysis. 
About Balmoral Resources Ltd. - 
Balmoral is a Vancouver-based precious metal exploration and
development company focused on district scale gold opportunities in
North America. With a philosophy of creating value through the drill
bit and with a focus on proven productive precious metal belts,
Balmoral is following an established formula with a goal of
maximizing shareholder value through discovery.  
On behalf of the board of directors of 
Darin Wagner, President and CEO 
This press release contains forward-looking statements and
forward-looking information (collectively, "forward looking
statements") within the meaning of applicable Canadian and United
States securities laws. All statements, other than statements of
historical fact, included herein, including statements regarding the
anticipated content, commencement, duration and cost of exploration
programs, anticipated exploration program results, the discovery and
delineation of mineral deposits/resources/reserves, the timing of the
receipt of assay results, and business and financing plans and
trends, are forward-looking statements. Forward-looking statements
are typically identified by words such as: believe, expect,
anticipate, intend, estimate, postulate and similar expressions or
are those which, by their nature, refer to future events. Although
the Company believes that such statements are reasonable, there can
be no assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those
anticipated in such statements. The Company cautions investors that
any forward-looking statements by the Company are not guarantees of
future performance, and that actual results may differ materially
from those in forward-looking statements. Important factors that
could cause actual events and results to differ materially from the
Company's expectations include those related to weather, equipment
and staff availability; performance of third parties; risks related
to the exploration stage of the Company's projects; market
fluctuations in prices for securities of exploration stage companies
and in commodity prices; and uncertainties about the availability of
additional financing; risks related to the Company's ability to
identify one or more economic deposits on the properties, and
variations in the nature, quality and quantity of any mineral
deposits that may be located on the properties; risks related to the
Company's ability to obtain any necessary permits, consents or
authorizations required for its activities on the properties; and
risks related to the Company's ability to produce minerals from the
properties successfully or profitably. Trading in the securities of
the Company should be considered highly speculative. All of the
Company's public disclosure filings may be accessed via
and readers are urged to review these materials, including the latest
technical reports filed with respect to the Company's mineral
This news release contains information with respect to adjacent or
similar mineral properties in respect of which the Company has no
interest or rights to explore or mine. Readers are cautioned that the
Company has no interest in or right to acquire any interest in any
such properties, and that mineral deposits on adjacent or similar
properties are not indicative of mineral deposits on the Company's
This press release is not, and is not to be construed in any way as,
an offer to buy or sell securities in the United States. 
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this press
Balmoral Resources Ltd.
John Toporowski
Manager, Corporate Development
(604) 638-5815 or Toll Free: (877) 838-3664
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