Balmoral Resources Ltd. announced the discovery of numerous nickel-copper-cobalt-PGE sulphide mineralized zones within the central portion of the Grasset Ultramafic Complex ("GUC") in Quebec. The new discoveries are located 7 kilometres northwest of, and along strike from, Balmoral's Grasset nickel- copper-cobalt-platinum-palladium deposit. These discoveries reinforce the district scale and multi-deposit potential of the GUC. Results are highlighted by an intercept of 7.58 metres grading 1.05% nickel, 0.31% copper, 0.05% cobalt, 0.20 g/t platinum and 0.48 g/t palladium from one of three new discoveries, each of which returned greater than 1% nickel, intersected in drill hole FAB-18-58. A massive sulphide intercept returning 4.14% nickel, 0.26% copper, 0.18% cobalt, 0.81 g/t platinum and 1.93 g/t palladium over 0.65 metres occurs at the base of this intercept. A second intercept, located approximately 100 metres shallower and along the same stratigraphic horizon in drill hole FAB-18-56, returned 1.35% nickel over 3.94 metres, including 3.59% nickel over 1.03 metres with similar copper, cobalt, platinum, and palladium values. The central ultramafic (komatiite) volcanic unit that hosts these discoveries remains largely untested on the property. Follow-up borehole EM work has identified strong conductors associated with these new semi-massive to massive sulphide discoveries in multiple holes. The conductors indicate the potential for additional along- strike, up-dip and down-dip/plunge continuity of the sulphide horizons. Off-hole EM anomalies, indicating the potential for additional massive to semi-massive sulphide discoveries within the host ultramafic volcanic sequence, have also been identified. These geophysical anomalies provide immediate targets for follow-up drilling.