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Balmoral Reports Final Results from Winter 2016 Drill Program on Martiniere Property

Balmoral Resources Ltd. today reported the final results from the winter 2016 drill program on the Company's Martiniere Property, part of the Detour Trend Project in Quebec.

The Upper Bug Lake Zone returned gold mineralized intervals ranging from 25.02 to 48.46 metres wide, starting at less than 100 metres vertical depth, from four of five holes along the southern segment of the Bug Lake Trend. The Upper Bug Lake Zone in the fifth hole, MDE-16-206 was disrupted by a dyke but returned a high grade intercept of 7.16 g/t gold over 1.08 metres at the base of the Zone.

Drilling continues to intersect high-grade (>3 g/t) gold mineralization within the Upper Bug Lake and Hanging Wall Porphyry ("HWP") Zones, including results of 3.44 g/t gold over 7.14 metres and 3.14 g/t gold over 8.76 metres from the Upper Bug Lake Zone in holes MDE-16-209 and MDE-16-210 respectively (see Figures 1, 2 and 3 and Table 1 below).

"Today's results cover a 375 metre long segment of the southern Bug Lake Trend and continue to illustrate the broad nature of the Upper Bug Lake Gold Zone in the near surface. As well all holes successfully intersected high grade intervals within the core of the Upper Bug Lake and HWP Zones," said Darin Wagner, President and CEO of Balmoral. "Two drills are set to return to the Property and begin further expansion of the Bug Lake Gold Zones, and broader Martiniere gold system, within the next two weeks."

Drill hole MDE-16-207 tested the central portion of a wedge created by the intersection of the Upper Bug Lake and HWP Zones, intersecting a broad zone of gold mineralization with higher grade sub-zones associated with both the HWP contact, and the Upper Bug Lake Zone. Drill holes MDE-16-209 and MDE-16-210 both collared into a new, sediment hosted zone of anomalous gold and zinc mineralization. Hole MDE-16-209 returned 0.45% zinc and 0.18 g/t gold over 2.55 metres from the bedrock collar (21.45 metres). Hole MDE-16-210 returned 0.62% zinc and 0.21 g/t gold over 4.13 metres also from the bedrock collar at 18.01 metres down hole.

Three holes were also drilled into areas of complex geology toward the northern end of the Bug Lake Trend. Holes MDE-16-211 and MDE-16-212 each intersected multiple intervals of anomalous gold mineralization associated with the extensive felsic porphyry dyking, including several intervals located west of the projected trace of the Bug Lake Trend suggesting the potential for additional zones of gold mineralization in this area. Hole MDE-16-213 was collared along the northern margin of the Lac du Doigt ("Finger Lake") Fault Zone to aid in summer target delineation along and north of this structure. It returned high-grade gold mineralization from a zone of shearing and quartz veining at approximately 32 metres vertical depth highlighting the potential of this new target environment.


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