December 2, 2013, Vancouver, BC, Canada - Balmoral Resources, a gold exploration company, announced that Peggy Wu will replace Ross McDonald as chief financial officer, effective December 15, 2013.<br /><br />Ms. Wu has served as an advisor to the Company on financial matters for the last two years. She is a Chartered Accountant with strong working knowledge of International Financial Reporting Standards, Canadian and US Generally Accepted Accounting Principles and public company reporting requirements. She is currently the CFO for Indico Resources Ltd. and Corvus Gold Inc.<br /><br />Ms. Wu's previous experience includes acting as Financial Reporting Specialist for a number of resource based companies including Balmoral. As well, she served as Supervisor at Smythe Ratcliffe LLP.<br /><br />Mr. McDonald is a Chartered Accountant, and a member of the Institute of Chartered Accountants of British Columbia. The majority of his clients were related to the resource industry and include public companies, mining professionals, exploration service companies and consultants. He serves on the Board of Directors of Corriente Resources Inc., Fjordland Exploration Ltd. and Miranda Gold Corp. 