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Balmoral Resources Closes Private Placement

 
Apr 14, 2010 Vancouver, BC - Balmoral Resources Ltd. (the "Company") (TSXV: "BAR.H") announced today that, further to the Company's news releases dated November 10, 2009, November 12, 2009 and January 14, 2010, it has closed its non-brokered private placement through the issuance of 25,000,000 common shares at a price of $0.06 per common share for gross proceeds of $1,500,000. No warrants were issued in conjunction with this financing. A finder's fee of 2,500,000 common shares was issued in conjunction with the successful completion of the financing. The securities issued under the private placement are subject to a four month hold period expiring on August 15, 2010. Proceeds from the private placement will be used to settle the majority of the Company's outstanding debt and for general working capital purposes.


On behalf of the Board of Directors

Per: Henk van Alphen

Henk van Alphen, President/CEO



Neither 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 release.
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