Balmoral Intersects 4.24 g/t Gold Over 22.59 Metres, Expands High Grade Martiniere West Zone

Balmoral Resources (OTC Other: BALMF; TSX-V: BAR) continues to expand the high grade zone at Martiniere West, which remains open in all directions.  Results were highlighted by drill hole MDW-11-41 which returned a high-grade core intercept of 4.24 g/t gold over 22.59 metres including a Main sub-zone intercept of 29.02 g/t gold over 1.39 metres. This high-grade core is located within a broadly mineralized zone which returned 0.84 g/t gold over 164.00 metres – the broadest gold mineralized intercept to date from the West Zone.

Drilling has now extended the Martiniere West Zone to 380 metres along strike and the Zone remains open in all directions beyond the extent of current and historic drilling. The 2012 winter drill program, anticipated to commence in January, will focus on expanding the near surface and depth extent of the West Zone with a goal of completing an initial resource estimate for the high-grade West Zone in mid-2012.

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