Olympic Resources Ltd. announced that the company has, subject to regulatory approved, agreed to acquire the Borden North and Rollo gold exploration properties near Chapleau, Ontario. The Borden North Property is situated along the southern flank of the Kapuskasing Structural Zone approximately 50 km northeast of Probe Mines' Borden Gold project. The Rollo Property is situated within the Destor-Porcupine Fault Zone, which hosts several million ounce plus gold producers in the nearby Timmins camp, and sits between IAMGold's Cote Lake gold deposit and the Borden Gold project.

The company has appointed Mr. Garry Clark, a Qualified Person (P. Geo. - Ontario) under NI 43-101, as Exploration Manager and a director of the Company. The company announced the formation of an advisory board comprised of veteran Abitibi gold explorers to assist the Company in its efforts and in identifying other opportunities in and around the Kapuskasing Structural Zone of Ontario. The new advisory team consists of: Michael A. Tremblay; Robert L. Duess B. Sc. P. Geo; Darin Wagner, M. Sc., P.Geo; Wayne Reid, BSc. Geo, P.Geo. Mr. Robert Duess (Bob) is a professional geologist with over 30 years experience in mineral exploration and development. Bob was the Canadian project manager for West Timmins Mining Inc.
Mr. Darin W. Wagner has been the President and Chief Executive Officer of Balmoral Resources Ltd. since its inception in 2010. Mr. Wayne Reid has been the Chief Executive Officer and President of GTA Resources and Mining Inc. since December 1, 2012.