Exploration Plans

In July of 2011 Balmoral announced that it had optioned the Northshore Property to GTA Resources and Mining Inc. GTA is currently the operator of the Property. During the first year of the Option Agreement GTA is obligated to undertake a minimum of $350,000 dollars in exploration expenditures on the Property and produce a NI43-101 compliant technical report prior to July 2012.

Since optioning the property GTA has completed 3 phases of diamond drilling testing the Afric Zone and its near surface extensions. As of May 2013 Phase 4 drilling was on-going testing the East and Northeast extensions of the Afric Zone and surrounding environments. Testing beneath the former producing North Shore Mine on the Property is also currently being evaluated. In late 2012 the Company's completed a program of rehabilitation around the former mine site.