Balmoral Resources Ltd. — Audit Report / Information 2019

Apr 28, 2020

Schedule 1

STATEMENT UNDER THE ACT RESPECTING TRANSPARENCY MEASURES

IN THE MINING, OIL AND GAS INDUSTIRIES

Fiscal year covered by the statement: from January 1, 2019 to December 31, 2019. Name of the entity filing the statement: Balmoral Resources Ltd.

CERTIFICATE

I certify that I have examined the information contained in the statement of Balmoral Resources Ltd. for the fiscal year that began on January 1, 2019 and ended on December 31, 2019. To my knowledge and having exercised due diligence, the information contained in the statement is, in all material respects for the purposes of the Act, true, accurate and complete.

Full name of the officer or director:

Peggy Wu

Title of position:

Chief Financial Officer

Date:

4/24/2020

“Peggy Wu”

[Signature]

Extractive Sector Transparency Measures Act - Annual Report

Reporting Entity Name Balmoral Resources Ltd. Reporting Year From 1/1/2019 To: 12/31/2019 Date submitted Original Submission Reporting Entity ESTMA Identification Number E467208 Amended Report Other Subsidiaries Included N/A (optional field) Not Consolidated Not Substituted

==> picture [146 x 75] intentionally omitted <==

Attestation by Reporting Entity

In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.

Full Name of Director or Officer of Reporting Entity Peggy Wu Date 4/24/2020 Position Title CFO

Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report
Reporting Year	From:	1/1/2019	To:	12/31/2019
Reporting Entity Name	Balmoral Resources Ltd.					Currency of the Report	CAD
Reporting Entity ESTMA Identification Number	E467208
Subsidiary Reporting Entities (if necessary)
Payments by Payee
Country	Payee Name1	Departments, Agency, etc… within Payee that Received Payments2	Taxes	Royalties	Fees	Production Entitlements	Bonuses	Dividends	Infrastructure Improvement Payments	Total Amount paid to Payee	Notes34
Canada -Quebec	Government of Quebec	Ministère de l'Énergie et des Ressources naturelles			50,000					50,000	Claim staking and claim rent
Additional Notes:	All payments are reported in Canadian dollars All numbers have been roudned to the nearest $10,000

Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report
Reporting Year	From:	1/1/2019	To:	12/31/2019
Reporting Entity Name	Balmoral Resources Ltd.					Currency of the Report	CAD
Reporting Entity ESTMA Identification Number	E467208
Subsidiary Reporting Entities (if necessary)
Payments by Project
Country	Project Name1	Taxes	Royalties	Fees	Production Entitlements	Bonuses	Dividends	Infrastructure Improvement Payments	Total Amount paid by Project	Notes23
Canada -Quebec	Detour East			20,000					20,000	Claim rent and staking
Canada -Quebec	Grasset			10,000					10,000	Claim rent
Canada -Quebec	Harri			20,000					20,000	Claim rent
Additional Notes3:	All payments are reported in Canadian dollars All numbers have been roudned to the nearest $10,000

Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report	Extractive Sector Transparency Measures Act - Annual Report
Reporting Year	From:	1/1/2019	To:	12/31/2019
Reporting Entity Name	Balmoral Resources Ltd.					Currency of the Report	CAD
Reporting Entity ESTMA Identification Number	E467208
Subsidiary Reporting Entities (if necessary)
Payments by Project
Country	Project Name1	Taxes	Royalties	Fees	Production Entitlements	Bonuses	Dividends	Infrastructure Improvement Payments	Total Amount paid by Project	Notes23
Canada -Quebec	Detour East			20,000					20,000	Claim rent and staking
Canada -Quebec	Grasset			10,000					10,000	Claim rent
Canada -Quebec	Harri			20,000					20,000	Claim rent
Additional Notes3:	All payments are reported in Canadian dollars All numbers have been roudned to the nearest $10,000