Balmoral Resources Ltd. announced that Mr. Graeme Currie has joined the company as a member of the Board of Directors, effective January 13, 2014. Mr. Currie most recently served as Director, Investment Banking at CanaccordGenuity Limited. He retired from Canaccord in August 2012.

Mr. Currie will replace Mr. Henk Van Alphen on the Board of Directors. Mr. Van Alphen has advised the company that he will resign from his duties as a director of Balmoral, effective January 31, 2014 to concentrate more of his time on the affairs of Cardero Resource Corp., where he is President and CEO.