Balmoral Completes Winter Drill Program at Martiniere

Balmoral Resources Ltd. ("Balmoral" or the "Company") (TSX
VENTURE:BAR)(OTCQX:BALMF) announced today 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) have now been received and reported). 


Results received to date (see NR13-06; Mar. 4, 2013) 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. 


Updated Martiniere Technical Report Filed

Balmoral also announced that it has now filed, under the Company's profile on
Sedar (www.sedar.com), an updated NI43-101 technical report for the Martiniere
Property in Quebec. The report updates and replaces a previous report filed in
early 2012. The current report incorporates all work completed by Balmoral on
the Property up and to the end of 2012. The report was prepared for the Company
on an independent basis by Equity Exploration Consultants Ltd. of Vancouver and
will also be made available via the Company's website at
www.balmoralresources.com. The Company further advises that drilling continues
on its Northshore Property in Ontario as announced March 19, 2013 (see NR13-07).


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,
reviewed the results with senior on-site geological staff and reviewed the
available analytical and quality control results. 


About Balmoral Resources Ltd. - www.balmoralresources.com

Balmoral is a Vancouver-based precious metal exploration and development company
focused on high-grade gold discoveries along the Detour Gold Trend in Quebec,
Canada. 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 and definition of high-grade, Canadian gold assets. 


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 anticipated content, commencement, duration and cost of
exploration programs, anticipated exploration program results, 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 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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