Balmoral Begins Follow Up Drilling of Grasset Gold Discovery

Balmoral Resources (OTC Other: BALMF; TSX-V: BAR) has received the necessary approvals and commenced follow-up drilling of its recent Grasset gold discovery on its Detour Gold Trend Project in Quebec. The discovery hole at Grasset intersected a broad zone of anomalous gold mineralization, 33.00 metres grading 1.66 g/t gold, centered around two higher grade intercepts of 4.04 metres grading 6.15 g/t gold and 5.00 metres grading 4.18 g/t gold.  Results from expanded sampling of discovery hole GR-11-01 remain pending.

Discovery hole FAB-11-44 (now renamed GR-11-01), Balmoral’s first on the Grasset Property, was collared over four kilometres east of any historic drilling along the Detour-Sunday Lake Deformation Zone (“DSDZ”). The Grasset discovery is located just off the end of the existing road network, 8.8 kilometres east of the Company’s Fenelon Gold Zone and 3 kilometres southeast of the Fenelon exploration camp. The quartz-carbonate vein hosted gold mineralization at Grasset occurs within a rock sequence which displays very strong similarities to those hosting multi-million ounce gold deposits within the southern portion of the Abitibi greenstone belt of Quebec and Ontario.

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