NICKEL-COPPER: Balmoral confirms high grades at Grasset

QUEBEC – Drilling conducted by Balmoral Resources of Vancouver at its Grasset nickel-copper-PGM project in the Matagami region confirms the high grades of mineralization on the property. The net textured zone, one of four mineralized intervals in hole GR-14-25, returned 1.79% Ni, 0.19% Cu, 0.42 g/t Pt and 1.04 g/t Pd over 45.28 metres. The high grade interval is capped by and included 1.10 metres of massive to semi-massive sulphide that returned 10.60% Ni, 0.45% Cu, 2.04 g/t Pt and 5.23 g/t Pd.

Further, Balmoral said that Hole GR-14-25 is the first hole on the property to intersect Horizon 3 of the Grasset ultramafic complex.

Two of the mineralized horizons remain open in all directions. Nickel-copper-PGM mineralization has been traced over 840 metres laterally and 300 metres vertically along Horizon 1. Horizon 2 has been traced over 430 metres laterally and 240 metres vertically. The third horizon appears to end at the Sunday Lake deformation zone to the south.

Balmoral anticipates that drilling and geophysical work on the Grasset property will resume in mid-June, followed shortly thereafter by the resumption of drilling on the company's Martiniere high grade gold property 40 km to the west.

Various maps and drawings of the Grasset property are posted at BalmoralResources.com.