VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 16, 2012) - Balmoral Resources Ltd. (TSX VENTURE:BAR)(OTCQX:BALMF) has been advised that effective April 23, 2012 the Company will be added to the S&P/TSX Venture Select Index. According to Standard and Poor's the S&P/TSX Venture Select Index, launched in August of 2011, "measures the performance of constituents in the S&P/TSX Venture composite index that meet specific market capitalization and liquidity criteria. The S&P/TSX Venture Composite is a broad market indicator of Canadian micro-cap securities." Balmoral is also a component of the S&P/TSX Venture Composite Index. Interested parties can learn more about the S&P/TSX Venture Select Index and its selection criteria by visiting http://www.tmx.com/en/pdf/VXSCDescription.pdf.
About Balmoral Resources Ltd. - www.balmoralresources.com
Balmoral is a Canadian focused precious metal discovery company exploring a district scale land position on the newest gold trend in the world class Abitibi greenstone belt of Quebec. With a number of new, high-grade gold discoveries and a philosophy of creating value through the drill bit Balmoral is following an established formula with a goal of maximizing shareholder value through discovery and asset growth.
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 discovery and delineation of mineral deposits/resources/reserves, 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.