Berkwood to do follow up drilling on large true thickness, high grade Graphite Zone 1, Lac Gueret South Graphite Project

November 30th, 2017, VANCOUVER, B.C. Berkwood Resources Ltd. (TSX-V: BKR, FSE: BK2, WKN: A110N3) (“Berkwood” or the “Company”) is pleased to announce it has moved the drill from its Zone 2 anomaly back to Berkwood’s Zone 1 Graphite Body where the Company has successfully demonstrated average Graphite grades in the range of 14.39 to 25.52% Cgr and true thicknesses ranging 22.1 to 40.3 m. The drill program on Zone 2 was stopped as no significant graphite was intersected and in order to focus the Company’s efforts on the Zone 1 deposit at this time.

Zone 1 Graphite Body on the Company’s 100% owned Lac Gueret South Project had 13 HQ holes drilled in the Phase 1 program with every hole intersecting significant graphite intersections. Mineralised sections of the core were sent for assay and, as per the news release dated Nov 28th, 2017, returned contiguous intervals of high grade graphite. The Zone 1 Graphite Body is a very large conductive and magnetic system with a 2.2 km east-west strike length and 0.6 km width. It shows two parallel zones that may be a large-scale fold. The Phase 1 drill program on Berkwood’s Zone 1 Graphite Body focused on only a small western portion of the geophysical anomaly. The Company was waiting for the Phase One drill program assay results to determine if a Phase 2 drill program would commence on the Zone 1 Graphite Body. Significant exploration risk has been mitigated with the assays on the Phase 1 drill program. That, and the fact that most of the anomaly has not been drill tested, increases Zone 1 as a priority area. The Phase 2 drill program is commencing on Zone 1 and will continue to test this Graphite discovery. This drill program is fully permitted with the access roads and drill pads already built. The entire drill program is fully financed. The Company estimates to complete up to 2000 metres of drilling for the Phase 2 drill program.

Tom Yingling, President and CEO states, “I am very pleased with the assay results we received from Berkwood’s Zone 1 Graphite Body. Prior to receiving the Zone 1 Graphite Body assay results, numerous elements of risk still pertained to our graphite discovery. There are always risks in exploration. Now that we have successfully proven that we have large intercepts with good graphite grades, we have mitigated some of them, and the Company looks forward to having the drill successfully delineate the size of this Graphite body to determine tonnage and geometry. I am thrilled with our shareholder and financing support, and with our capital structure – we still only have approximately 32.5 million shares outstanding.”

Mr. Edward Lyons PGeo (BC, QC, NL), who has worked extensively on the Lac Gueret Property, now owned by Mason Graphite, states “The analyses show that the thick unit on Section 3100E as well as shorter intervals showed a similar range of grades that occurs at Mason Graphite’s Lac Gueret deposit nearby.”

Lac Gueret South Zone 1

Lac Gueret South is located in Cote Nord, Quebec, a three hour drive from Baie-Comeau in an area of very good infrastructure. The Project lies directly south of Mason Graphite’s (TSX-LLG) advanced Lac Gueret Project. Mason is developing one of the largest medium to high grade graphite deposits in the world.

To view a virtual reality video of the autumn Zone 1 drill program, visit our home page at: http://www.berkwoodresources.com.

About the Company: Berkwood is engaged in exploration for the commodities that enable the modern revolution in essential technologies. These technologies are dependent upon the ethical mining and supply of naturally occurring elements and minerals that enhance the performance of energy storage systems and permit the development and miniaturization of new electronics and structural components for the new suite of innovative tools.  The Company is led by a team with collectively over 100 years experience and whose members have been involved with the discovery of several producing mines.

On Behalf of the Board of Directors

Berkwood Resources Ltd.

‘Thomas Yingling’

President, CEO & Director

FOR MORE INFORMATION, PLEASE CONTACT:

Investor Relations:
info@berkwoodresources.com or 1-778-945-2935     www.berkwoodresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Disclaimer for Forward-Looking Information:

Certain statements in this release are forward-looking statements, which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect.

Berkwood reports high grade Graphite assays with large true thickness intersections up to 40.3 m on Zone 1 at Lac Gueret South Graphite Project

November 28th, 2017, VANCOUVER, B.C. Berkwood Resources Ltd. (TSX-V: BKR, FSE: BK2, WKN: A110N3) (“Berkwood” or the “Company”) is pleased to announce the assay results from the drill program on the Zone 1 geophysical prospect at the Company’s 100% owned Lac Gueret South Project. Thirteen holes were drilled in the first Phase drill program with every hole intersecting visible Graphite. Sections of the drill core were sent for assay and we are pleased to confirm High grade Graphite with average grades in the range of 14.39 to 25.52% Cgr and true thicknesses ranging 22.1 to 40.3 m.

Mr. Edward Lyons PGeo (BC, QC, NL) has worked extensively on the Lac Gueret Property, now owned by Mason, states “The analyses show that the thick unit on Section 3100E as well as shorter intervals showed a similar range of grades that occurs at Mason Graphite’s Lac Gueret deposit nearby.”

The Zone 1 target is a conductive and magnetic system with a 2.2 km east-west strike length and 0.6 km width. It shows two parallel zones which may be a large-scale fold. The Zone 1 drill program intersected graphite in each of the 13 holes drilled on the west end of the Zone, and with which initial metallurgical assessment is in progress.

Certificates of Analyses # YVR1710850 and # YVR1717850A contain analytical results for all samples taken in the 13 HQ diamond drill holes on Zone 1. Nine sites contained the 13 drill holes oriented north with inclinations varying from -45° to -75° on a cut grid. The sites were spaced about 70-100 m apart on north-south sections which were spaced about 100-m apart. Significant results are described below:

Significant Drill Intersections

DDH ID From (m) To (m) Sample
length (m)
Cg%
avg
True thickness
(m) **
BK1-01-17 40.23 45.00 4.77 28.61 4.48
BK1-01-17 99.48 137.77 38.29 14.68 36.0
includes 101.98 110.19 9.83 29.17 9.2
BK1-02-17 43.05 46.38 3.33 15.16 9.75
BK1-02-17 60.85 80.45 19.60 24.01 15.5
includes 64.38 74.40 10.02 32.95 6.4
BK1-03-17 20.79 47.69 26.90 24.40 26.9
includes 24.28 26.94 2.66 31.08 2.6
includes 34.69 44.06 9.37 35.34 9.3
BK1-03-17 93.40 99.38 5.98 13.11 5.98
BK1-04-17 26.68 79.24 52.56 21.01 40.3
includes 26.68 54.55 27.87 28.38 21.4
includes 69.19 71.71 2.52 31.72 1.9
BK1-05-17 31.4 43.86 12.46 20.72 8.8
includes 36.21 39.41 3.2 33.69 1.4
BK1-06-17 16.39 28.34 11.95 25.52 22.1
BK1-07-17 112.75 118.61 5.95 10.83 4.4
BK1-08-17 139.42 160.63 17.17 20.04 16.4
includes 150.37 155.83 5.46 31.19 4.5
BK1-08-17 169.83 177.04 7.11 28.02 6.2
BK1-09-17 114.25 142.34 21.33 12.27 18.5
BK1-10-17 133.98 148.75 16.27 9.10 14.1
BK1-11-17 19.84 24.17 4.33 11.39 3.8
BK1-12-17 30.62 33.93 3.31 11.23 2.7
BK1-13-17 38.44 46.59 8.15 19.20 6.9
BK1-13-17 99.64 105.57 5.93 18.84 4.9
BK1-13-17 117.60 120.13 2.53 18.52 2.0

True thickness was estimated based on foliation to core axis and the initial interpretation

The drillholes were completed on western three Sections 3100E through 3300E. Other narrower intervals with graphite greater than 10% Cgr occur, particularly on sections 3200E and 3300E, but are not listed above.

The initial interpretation of Section 3100E geology suggests an asymmetrically dipping and moderately plunging antiform to the west that includes a relatively thick band of graphite schist with average grades in the range of 14.39 to 25.52% Cgr and true thicknesses ranging 22.1 to 40.3 m in the lower parts of BK1-01-17 and BK1-04-17 and the upper parts of BK1-03-17 and BK1-05-17. There are thinner units both above and below this horizon. How these relate to the sections 3200E and 3300E to the east is under review. It is possible that the thicker graphite schist horizon may subcrop between 3100E and 3200E; there is sparse outcrop in the heavily forested area. The possibility of testing the specific horizon by electromagnetic charging the horizon in a borehole and mapping the traces of the unit on surface can constrain interpretations. This “mise a la masse” EM technique successfully demonstrated the two main Quinto/Mason’s Lac Gueret showings were connected. The area west of section 3100E has west-dipping topography that potentially could keep the horizon closer to the present surface.

Tom Yingling, President and CEO states, “I am pleased we have succeeded in demonstrating significant graphite in large true thicknesses early in our initial exploration program. Having had success in every one of the 13 holes drilled to date on Zone 1 is very exciting. Drilling on Zone 2, reported on 21 November 2017, will assist the Company in prioritizing the most compelling prospect for potential development. Our fall drill program is fully financed, and the field project is managed by the same team that discovered Berkwood’s Zone 1 discovery and the Mason Graphite deposit. I am thrilled with our shareholder and financing support, and with our capital structure – we still only have approximately 32.5 million shares outstanding.”

The Company has extended road access and trails to develop the initial group of targets at Zone 1, and drill pads have been prepared for the further planned drill program to test the targeted PhiSpy conductive anomalies.

Lac Gueret South Zone 1

Lac Gueret South is located in Cote Nord, Quebec, a three hour drive from Baie-Comeau in an area of very good infrastructure. The Project lies directly south of Mason Graphite’s (TSX-LLG) advanced Lac Gueret Project. Mason is developing one of the largest medium to high grade graphite deposits in the world.

Success in this drill program confirms that a significant component of the distinct electromagnetic conductors that occur over a two kilometer length and 50 meters to 600 meters in width as defined by airborne EM geophysics (see the Berkwood news release dated February 10, 2015) includes graphite.

Sampling & Analytical Procedures

Sample intervals were marked based on the presence of graphite-bearing lithology and significant visual changes in graphite appearance and range from 0.88 to 3.2 m in length. Most were between 1.1 to 2.2 m. Bracket samples to a maximum of 3.0 m length of unmineralised or very low grade ( < 3% Cgr) mineralisation were taken to join groups of narrower graphite intersections for continuous data for future calculations. The samples were cut lengthwise with rock saw perpendicular to the foliation. One half was placed in plastic bags with numbered tags and arranged in sequence of collection. The other half was retained in core trays on site.

Field QA/QC materials consisted of granitic gneiss rock with nil graphite and sulphide as blank material and quarter-cut drill core for duplicate samples. No standards or certified reference material (CRM) were used in the field. Visual inspection of blank material analyses showed the expected nil values for blank rock, which indicated no contamination from prior samples. Duplicate samples showed the close but not exact correlation with the original half-core samples as is typical of layered material. The laboratory includes five QA/QC materials in each batch of 35 client samples.

Sampling of sawn drill core was completed, weighed, and packed in rice bags under supervision by the QP, and was shipped from Baie-Comeau, QC by truck on pallets to MS Analytical Laboratories in Langley, BC.

Standard sample preparation included crushing and pulverising with silica sand “wash” prior to each sample at both stages on all samples to reduce contamination. The pulps of all samples were analyzed by MS Analytical’s SPM-140 method for graphitic carbon by ashing the sample followed by an acid digestion to eliminate carbonate and SPM-210 for total sulphur by oxidation in a LECO furnace. SPM-140 analyses carbon as graphite (Cgr) to a maximum grade of 50% Cgr, while Total Sulfur has no upper interference level. ICP-MS analyses were run on two longer series of graphite samples from the thickest intervals to test for potential deleterious elements; nothing exceptional was found. Rejects and pulps are presently stored at the MS Analytical warehouse for future metallurgical tests.

Discussion of Results

The analyses show that the thick unit on Section 3100E as well as shorter intervals showed a similar range of grades that occurs at Mason Graphite’s Lac Gueret deposit nearby. The cut-off grade used to define the intervals was the same 5% Cgr level used for Mason’s Lac Gueret resource and reserve estimations with a denser data set, published on SEDAR. One difference is that the highest grades found in one area at Lac Gueret, just over 60% Cgr, were not matched here. Another is that the population of analyses around 5% Cgr constitute a small proportion of samples; the data are generally significantly higher or lower. Three levels of graphite concentration were codified in the field based on local observations as well as known data from Lac Gueret: graphite-bearing schist less than 5% (to 3%) Cgr as low grade; graphite schist with grades between 5% and 25% Cgr as medium grade; and high grade (HiG) material where the sample grades exceeded 25% Cgr and makes visual estimation is impossible in core.

Comparison between South Lac Gueret and Lac Gueret deposits

The comparison between Berkwood’s Zone 1 and Lac Gueret, now owned by Mason Graphite, is that in the early stages of exploration by Quinto Mining, abundant outcrop on burned and logged areas was identified on the initial site visit by the QP. Minor stripping and clearing of the shallow overburden exposed extensive graphite zones with good quality mapping and intense surface sampling prior to drilling. The works by Quinto and Mason are documented in various technical reports posted on SEDAR between 2001 and 2015. Berkwood’s property, which is at the initial stages of exploration, is forested making the development of equivalent exposures difficult. Thus, it faces more work to expose the same showings.

New Property Acquisition

Berkwood is pleased to announce that it has expanded its Lac Gueret Extensions project (Northern blocks). Owing to the success of its Phase 1 drill program and the success of Phase 1 drill program assays the Company decided to immediately acquire additional claims.

Berkwood has acquired a further fifty three (53) claims in its Lac Gueret Extensions project (Northern block) region, to extend the previously held 19,884 ha (hectares) covered by 368 claims to a new total of 22,739.46 ha covered by 421 claims. Berkwood is acquiring The Turkey Lake Property by payment to 1131348 BC Ltd of 630,000 common shares and $15,000. Berkwood will own 100% of the property with no royalties attached. The transaction remains subject to TSX-V approval.

Edward Lyons PGeo (BC, QC, NL) is a Qualified Person under the definition of Canadian National Instrument 43-101, and has approved the technical information in this news release. He has worked extensively on the Lac Gueret Property, now owned by Mason, and neighbouring graphite properties since 2000.

To view a virtual reality video of the autumn Zone 1 drill program, visit our home page at: http://www.berkwoodresources.com

About the Company: Berkwood is engaged in exploration for the commodities that enable the modern revolution in essential technologies. These technologies are dependent upon the ethical mining and supply of naturally occurring elements and minerals that enhance the performance of energy storage systems and permit the development and miniaturization of new electronics and structural components for the new suite of innovative tools. The Company is led by a team with collectively over 100 years experience and whose members have been involved with the discovery of several producing mines.

On Behalf of the Board of Directors

Berkwood Resources Ltd.

‘Thomas Yingling’

President, CEO & Director

FOR MORE INFORMATION, PLEASE CONTACT:

Investor Relations:
info@berkwoodresources.com or 1-778-945-2935 www.berkwoodresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Disclaimer for Forward-Looking Information:

Certain statements in this release are forward-looking statements, which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect.

Berkwood Commences New drill program on Zone 2 at Lac Gueret South Graphite Project

November 22nd, 2017, VANCOUVER, B.C. Berkwood Resources Ltd. (TSX-V: BKR, FSE: BK2, WKN: A110N3) (“Berkwood” or the “Company”) is pleased to announce that it has commenced drilling on the Zone 2 geophysical prospect at the Company’s 100% owned Lac Gueret South Project. The Zone 2 target is an extensive (greater than 2 km strike length) conductive system that displays a number of geophysical similarities with the Zone 1 prospect that is located approximately 3.5 km SSE of Zone 2, where the company discovered extensive graphite mineralization earlier this year. The Zone 1 drill program featured intersections of graphite in each of the 13 holes drilled. The initial metallurgical assessment is in progress.

The fall drill program at Zone 2 is located adjacent to the Berkwood / Mason Claim boundary, and has not previously been drill tested. The Company intends to assess whether Zone 2 has the potential to host commercial graphite, and will consider the results of this fall program in developing its drilling and metallurgical test work priorities.

Tom Yingling, President and CEO states, “I am pleased we have embarked upon our second drill program. Having had success in every one of the 13 holes drilled to date on Zone 1 is very exciting. We are still awaiting assay results on these holes, and we expect to release these within a few weeks. The drill rig is established on Zone 2. The geophysics on Zone 2 is comparable with that of Zone 1, which we now know includes graphite (although other conductive and magnetic phases, such as pyrrhotite, were also intersected in drilling). The location of the Zone 2 prospect along the Berkwood Mason property boundary is also compelling. Drilling a second, entirely distinct target provides Berkwood shareholders two potential opportunities for success as the Company will seek to prioritize the most compelling prospect for ongoing assessment of potential for development. Our fall drill program is fully financed, and the field project is managed by the same team that discovered Berkwood’s Zone 1 discovery and the Mason Graphite deposit. I am thrilled with our shareholder and financing support, and with our capital structure – we still only have approx. 32.5 million shares outstanding.”

The Company has completed road access and trails for the initial group of targets at Zone 2, and drill pads have been prepared for the initial suite of targeted PhiSpy conductive anomalies, located in the Zone 2 area. The Company anticipates completing up to 18 inclined drill holes (of between 60m and 120m in length) in this initial phase of work on Zone 2.

Lac Gueret South Zone 1

During the recently completed 13-hole drill program on Zone 1 the Company is pleased to announce intersecting visual Graphite in every hole drilled to date. (See news release dated October 17th, 2017.) Success in this drill program confirms that a significant component of the distinct electromagnetic conductors that occur over a two (2) kilometer length and 50 meters to 600 meters in width as defined by airborne EM geophysics (see the Berkwood news release dated February 10, 2015) include graphite.

Lac Gueret South Zone 2

Zone 2 is located approximately 3.5 kilometres NNW of Zone 1 and is contiguous with the southern limit of the Mason Graphite claim boundary: the anomaly presents as possibly occurring along strike from graphitic horizons defined by Mason Graphite. A total of two airborne VLF-EM and 15 PhiSpy ground geophysical anomalies indicate the occurrence of two parallel east-west trending conductors. The larger conductor extends over two kilometer in length and up to 60 meters in width. These Zone 2 anomalies were identified by the same airborne and ground surveys as the Zone 1 anomaly: Zone 1 is now drill-tested to include significant graphite mineral development.

To view a virtual reality video of the spring Zone 1 drill program visit our home page at: http://www.berkwoodresources.com.

Edward Lyons PGeo (BC, QC, NL) is a Qualified Person under the definition of Canadian National Instrument 43-101, and has approved the technical information in this news release. He has worked extensively on the Lac Gueret Property, now owned by Mason, and neighbouring graphite properties since 2000. The Cgr analyses are carried out and certified by MS Analytical Inc. of Langley, British Columbia using a LECO furnace and an infrared detector.

Lac Gueret South Property, Quebec

Lac Gueret South is located in Côte Nord, Quebec, a three hour drive from Baie-Comeau in an area of very good infrastructure. The Project lies directly south of Mason Graphite’s (TSX-LLG) advanced Lac Gueret Project. Mason is developing one of the largest high grade graphite deposits in the world.

In 2014, Berkwood conducted an electromagnetic (“EM”) airborne geophysical survey over its South Lac Gueret Property and successfully identified several anomalous zones of high conductivity. Several of these anomalies were downgraded as they are considered too small or too deep to represent economic graphite deposits. However, the Zone 1 and Zone 2 anomalies are of significantly larger size and were considered high priority targets. Thirteen holes drilled into Zone 1 confirmed the extensive development of graphite mineralization, confirming the targeting thesis. Drilling is now starting on Zone 2.

About the Company: Berkwood is engaged in exploration for the commodities that enable the modern revolution in essential technologies. These technologies are dependent upon the ethical mining and supply of naturally occurring elements and minerals that enhance the performance of energy storage systems and permit the development and miniaturization of new electronics and structural components for the new suite of innovative tools. The Company is led by a team with collectively over 100 years experience and whose members have been involved with the discovery of several producing mines.

On Behalf of the Board of Directors

Berkwood Resources Ltd.

‘Thomas Yingling’

President, CEO & Director

FOR MORE INFORMATION, PLEASE CONTACT:

Investor Relations:
info@berkwoodresources.com or 1-778-945-2935 www.berkwoodresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

Disclaimer for Forward-Looking Information:

Certain statements in this release are forward-looking statements, which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect.

Berkwood Resources Grants Stock Options

Berkwood Resources Ltd. (TSX-V: BKR) (the “Company”) is pleased to announce that it has granted stock option agreements to its directors, officers and consultants for the right to purchase up to 1,100,000 common shares of the Company, exercisable at the price of $0.27 per share for five years, subject to regulatory approval.

The option agreements to be issued will be granted in accordance with the Company’s Stock Option Plan and will be subject to the TSX-V four (4) month hold period.

For more information on Berkwood Resources Ltd., review the website at http://berkwoodresources.com/, contact Thomas Yingling at 604-689-1799 or email: tom@berkwoodresources.com.

ON BEHALF OF THE BOARD

Signed: “Thomas Yingling”

Thomas Yingling,
President and Director

Disclaimer for Forward-Looking Information:

Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Berkwood Resources Ltd. Closes $2,177,510 Private Placement ($365,690 Hard Dollar and $1,811,820 Flow-Through)

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

AMENDED

Berkwood Resources Ltd. (“Berkwood”) (TSX-V: BKR) announces it has received conditional approval from the TSX Venture Exchange and now will close and issue:

  1. 1,261,000 units at $0.29 for gross proceeds of $365,690 (amended). Each unit will be comprised of one common share and one warrant, with each whole warrant exercisable into one common share at a price of $0.36 for a period of two years from closing; and
  2. 5,844,581 flow-through units at $0.31 for gross proceeds of $1,811,820.11. Each unit will be comprised of one flow-through common share and one warrant, with each whole warrant exercisable into one common share at a price of $0.36 for a period of two years from closing.

Finder fees of $76,745.60 cash and the issuance of an aggregate of 455,566 warrants will be paid/issued.

All securities will be subject to a four-month plus one day hold period from closing.

Proceeds of the private placement will be used to develop the Company’s properties located in Quebec and general working capital.

The issuance of the securities and the payment of the finder’s fee is subject to final approval of the TSX Venture Exchange.

ON BEHALF OF THE BOARD

Signed: “Thomas Yingling”

Thomas Yingling,
President and Director

Disclaimer for Forward-Looking Information:

Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Berkwood Resources Ltd. Closes $2,139,810 Private Placement ($327,990 Hard Dollar and $1,811,820 Flow-Through)

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

Berkwood Resources Ltd. (“Berkwood”) (TSX-V: BKR) announces it has received conditional approval from the TSX Venture Exchange and now will close and issue:

  1. 1,131,000 units at $0.29 for gross proceeds of $327,990. Each unit will be comprised of one common share and one warrant, with each whole warrant exercisable into one common share at a price of $0.36 for a period of two years from closing; and
  2. 5,844,581 flow-through units at $0.31 for gross proceeds of $1,811,820.11. Each unit will be comprised of one flow-through common share and one warrant, with each whole warrant exercisable into one common share at a price of $0.36 for a period of two years from closing.

Finder fees of $76,745.60 cash and the issuance of an aggregate of 455,566 warrants will be paid/issued.

All securities will be subject to a four-month plus one day hold period from closing.

Proceeds of the private placement will be used to develop the Company’s properties located in Quebec and general working capital.

The issuance of the securities and the payment of the finder’s fee is subject to final approval of the TSX Venture Exchange.

ON BEHALF OF THE BOARD

 Signed: “Thomas Yingling”

Thomas Yingling,
President and Director

Disclaimer for Forward-Looking Information:

Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.