UPDATE SUNDAY 4.40pm
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Sydney-sider Michael Hanna has won the 120-metre men's Gift final.
Hanna edged out runner-up Chris Vi and Matt Burleigh to claim the $8500 showcase in a time of 12.273 seconds, off a 4.75-metre handicap.
Meanwhile Ebony Lane (4.25m) of Baxter pipped Buninyong's Tiana Sillito (14.50m) at the finish line to win the 120-metre women's Gift final.
Lane finished with a time of 13.732 seconds. On top of her $8500, lane also walked away with a bonus $500 for being the fastest female performer.
Tara Domaschenz finished fourth.
Elsewhere Grace O'Dwyer took out the 400-metre open in a time of 47.975 seconds, off a 72-metre handicap.
And Pod Squad runners Patrick athletes Patrick Martin (28m) and Hugh Hoffman (28m) claimed first and second in the 400-metre backmarkers.
RESULTS
120-METRE MEN'S GIFT FINAL
White, Michael Hanna, 4.25-metre handicap
Grey, Chris Vi, 10.50m
Pink, Matt Burleigh, 9.00m
Green, Rupert Lugo, 8.50m
Blue, Hamish Adams, 6.75m
Black, Max Punchihewa, 9.75m
Yellow, Aidan Green, 6.75m
Red, Isaac Dunmall, 4.50m
120-METRE WOMEN'S GIFT FINAL
Red, Ebony Lane, 4.25m
Grey, Tiana Shillito, 14.50m
Black, Gemma Fairclough, 13.00m
White, Tara Domaschenz, 4.50m
Green, Karlee Baily, 9.75m
Yellow, Zoe Neale, 6.00m
Blue, Liv Ryan, 5.25m
Pink, Hannah Duynhoven, 13.00
UPDATE SUNDAY 1pm
Ballarat's Tara Domaschenz has qualified for the final of the Ballarat 120-metre Women's Ballarat Gift.
Domaschenz was first across the line in the first semi-final in a time of 14.024 seconds, off a 4.5-metre mark.
She will line up in the final of the $8500 showcase event at 3.35pm this afternoon.
Domaschenz will race alongside Buninyong's Tiana Shillito (14.5m), who won the third semi-final in a time of 14.150.
Ballarat's Grace O'Dwyer (4m) failed to qualify.
Meanwhile Ballarat's fastest men's qualifier Hugh Hoffman (7m) bowed out in the fourth semi-final after running sixth.
Cooper Sherman (6m) and Liam Procaccino (7.25m) also failed to qualify.
120-METRE WOMEN'S GIFT FINAL
Red, Ebony Lane, 4.25-metre handicap
White, Tara Domaschenz, 4.50m
Blue, Liv Ryan, 5.25m
Yellow, Zoe Neal, 6.00m
Green, Karlee Baily, 9.75m
Pink, Hannah Duynhoven, 13.00m
Black, Gemma Fairclough, 13.00m
Grey, Tiana Shillito, 14.50m
120-METRE MEN'S GIFT FINAL
Red, Isaac Dunmall, 4.25-metre handicap
White, Michael Hanna, 4.75m
Blue, Hamish Adams, 6.75m
Yellow, Aidan Green, 6.75m
Green, Rupert Lugo, 8.50m
Pink, Matt Burleigh, 9m
Black, Max Punchihewa, 9.75m
Grey, Chris Vi, 15.50m
EARLIER
Ballarat sprinting standout Grace O'Dwyer secured herself a spot in the semi-final of the Ballarat 120-metre Women's Ballarat Gift.
O'Dwyer was first across the line in heat six of the $8500 showcase at City Oval on Saturday. She will line up in lane two in the second semi-final on Sunday morning.
The 2015 Stalwell gift winner was slow out of the gates in her heat but managed to chase down the win in a time of 14.397 seconds.
"I didn't have the best of starts, that's not unusual for me though," O'Dwyer said after the race.
"Normally the last half of the race is my fastest so I was happy to come home strong."
WATCH: O'DWYER AFTER THE RACE
Meanwhile Ballarat Gift veteran Tara Domaschenz is through to the semi-final after finishing second in heat five in a time of 14.126.
She will start the first semi-final from lane one on Sunday, in what is her 13th year at the event.
"I'd like to make the finals, we'll have to see how it goes," she said.
WATCH: DOMASCHENZ DELIGHTED WITH RUN
Domaschenz will line up against fellow Ballarat runner Amelia Cross who will run out of lane seven.
2013 Ballarat Gift winner Holly Dobbyn is also through to the semi-final after qualifying in a time of 14.84. She will line up against O'Dwyer as well as Ballarat runners Ali Bilney and Holly Nichols.
Halle Martin will race in the third semi-final alongside Buninyong's Tiana Shillito.
HOFFMAN BALLARAT'S BEST ON DAY ONE
Hugh Hoffman has produced the fastest qualifying time of Ballarat runners in the 120-metre men's gift at the Ballarat Gift Carnival on Saturday.
Hoffman ran second in heat three of the event to secure himself a berth in the fourth semi-final on Sunday. After beginning slowly, it didn't take him long to pick up the rest of the field to finish in a time of 12.649 seconds.
WATCH: HOFFMAN SPEAKS AFTER RACE
"I got out a bit slow I felt, but as soon as I saw the boys pick up the top speed I started to pick up too," he said.
Hoffman was one of four Ballarat runners to earn semi-final appearance on day one of the carnival.
Ballarat's Cooper Sherman came out of nowhere advance to the second semi-final after running second in heat six.
He will go up against Ballarat's Liam Procaccino in the second semi-final on Sunday.
"I didn't think I had a chance," Sherman said after the heat.
"It was pretty good, felt like I got a bit of a rough start but got right into it at the end."
Myles Medwell will compete in the third semi-final after running third in heat two.