BALMORAL ANNOUNCES CLOSING OF $7.1 MILLION BOUGHT DEAL PRIVATE PLACEMENT OF FLOW-THROUGH COMMON SHARES LESS THAN 1 MINUTE AGO BY MARKETWIRE CANADA Page 1Page 2Page 3Page 4Page 5Page 6Page 7Page 8Page 9Page 10Page 11Page 12Page 13Page 14Page 15 VANCOUVER, BC--(Marketwired - June 30, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Balmoral Resources Ltd. (TSX: BAR) (OTCQX: BALMF) ("Balmoral" or the "Company") announces that it has closed the previously announced (see NR16-11 dated June 13, 2016) flow-through private placement, including full exercise of the over-allotment option, with a syndicate of underwriters co-led by Canaccord Genuity Corp. and Mackie Research Capital Corporation and including GMP Securities LP (the "Underwriters"). Upon closing the Company issued 4,714,163 National flow-through common shares, (the "National FT Shares") at a price of C$0.90 per National FT Share, and 2,405,837 Quebec flow-through common shares (the "Quebec FT Shares") at a price of C$1.20 per Quebec FT Share, for aggregate gross proceeds of C$7,129,751 (the " Offering"). The flow-through common shares issued will be subject to a four month and one day hold period from the date of closing of the Offering under applicable securities laws in Canada. The gross proceeds from the Offering will be used by the Company to accelerate exploration of its Detour Trend Project located in the Province of Quebec and for the exploration of other gold properties held by the Company in Canada. In consideration of the Underwriters' services, the Company has agreed to pay the Underwriters a cash commission of 6.0% of the gross proceeds of the Offering. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act.