Balmoral Grants Stock Options

Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSX
VENTURE:BAR)(OTCQX:BALMF) announced today that, pursuant to the provisions of
its 2010 incentive stock option plan, the Board of Directors has approved the
grant of incentive stock options to directors, officers, employees, consultants
and advisors of the Company to purchase up to an aggregate of 2.9 million common
shares in the capital stock of the Company. The options are exercisable on or
before February 6th, 2018 at a price of $1.05 per share.


About Balmoral Resources Ltd. - www.balmoralresources.com

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 BALMORAL RESOURCES LTD.

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 completion of the proposed transaction, 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 receipt of
regulatory approval related to the proposed transaction, 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 www.sedar.com and readers are urged to review these
materials, including the latest technical reports filed with respect to the
Company's mineral properties.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Balmoral Resources Ltd.
John Toporowski
Manager, Corporate Development
(604) 638-5815 or Toll Free: (877) 838-3664
jtoporowski@balmoralresources.com
www.balmoralresources.com

Balmoral Resources Ltd (TSXV:BAR)
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