Berkwood Continues to drill Massive Graphite Intersections

December 21st, 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 completed the first five drill holes on the Phase Two drill program on the Company’s Zone 1 Graphite body. Further to the news release dated December 8th, 2017 whereby the Company announced a massive Graphite intercept of over 70 meters in length and close to surface, the Company is very pleased to announce that it has been successful in not only continuing to drill large intersections of Graphite but that it has drilled one intercept of over 107 meters width.  All five of the holes drilled in the phase 2 drill program on the Company’s Zone 1 Graphite Body was successful in intersecting large intervals of graphite mineralisation.

Four HQ holes were drilled on an east-west line that crosses the area on Section 3100E around the initial holes BK1-03-17 and BK1-04-17, drilled on a northerly azimuth, and a fifth started another section to the north. The five holes totalled 719 m of HQ drilling.

The results of these five drill holes are as follows.

BK1-14-17 collared about 25 m east of the section line at 090° at -60°, as per the news release dated December 8th, 2017.  The oriented core used in Phase 2 indicated that the foliation dipped sub vertically and had an azimuth to the north-northwest.

BK1-15-17 collared about 10 m west of BK1-14-17 on the same site as BK1-14-17 with a 270° azimuth and inclined at -45° west to a length of 145.35 m. The major graphite interval started at 47.2 m and ended at 116.2 m The graphite zone was 69 m in core length and continuous with an estimated true width of 56 m. The last few runs intersected several narrower graphite intervals.

BK1-16-17 collared on a new site ~25 m west of BK1-15-17, just west of Section 3100E with an azimuth of 090° and inclination of -60° east with a length of 145.35 m again. It intersected continuous graphite of typical grade ranges from high-grade to medium and less low grades from18.3 to 125.4 m (107.1 m). The true width is about 61 m.

BK1-17-17 was sited east of BK1-16-17 to create a scissors intersection at the tops of the holes for geological overlap. It is oriented 270° azimuth and inclined at -45° west to a length of 186 m. It intersected a major graphite zone from 47.7 – 138.5 m (90.8 m) with a true width of 53.3 m. Several narrower graphite zones occur down to 162 m. The Attikamagen Formation, the basement formation below the graphite and iron formation stratigraphy, was intersected in the lowest 10 m; it projects just west of the geophysical anomaly.

BK1-18-17 started from a new east-west line about 85 m north of the first east-west section and is near the site of BK1-05-17 and BK1-06-17 in Phase 1. It is collared just east of Section 3100E with an azimuth of 090° and inclination of -550° east with a length of 124.67 m. One significant graphite zone of medium and high-grade types was intersected from 57.3 to 70.3 m (13.0 m). The rest of the hole was in the typical mixed lithology seen in all the adjacent holes around the graphite zone(s).

Summary:

The test of the western end of Zone 1 along east-west sections showed that the graphite horizons are probably folded around the western end of the geophysical anomaly. Several examples within eight kilometers show the arcuate fold pattern exists on the scale of the Zone 1 anomaly. Continued drill testing is needed to define the folds. As well, the Company is considering using in-hole electromagnetic surveys that specifically charge the graphite horizons and maps them between holes as well as on the surface. The existing access trails provide an initial reconnaissance grid for the surface work.  This Phase of the drill program completed five additional holes before shutting down for the holidays.  The drill, drill pads, and financing are all in place and drilling is ready to commence in the beginning of January 2018.

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. A total of 18 drill holes have been drilled into the Zone 1 Graphite Body.  Assay results have confirmed not only high-grade graphite but also intersections of over 107 meters.

The Phase 2 drill program has already demonstrated some details in the Zone 1 graphite deposit geometry as well as continued strong, contiguous grades over significant continuous lengths.

The exploration potential for a significant graphite deposit has been supported by this Phase 2 campaign.

Sampling:

A total of 212 sawn core samples were taken from these first five holes of the Phase 2 drill program. All 212 of the samples were shipped to MS Analytical Laboratories in Langley, BC for the same analytical techniques used on the 383 Phase 1 samples. Results are expected back early 2018.

Lac Gueret South Property, Quebec

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 directly borders Mason Graphite’s (TSX-LLG) advanced Lac Gueret Project to the South.

To view a virtual reality video of Berkwood’s drill program please scroll to the bottom of Berkwood’s home page at:   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.   Edward Lyons holds the following stock option agreements in the Company (a) 40,000 common shares at $0.42 expiring August 28, 2022; and (b) 50,000 common shares at $0.26 expiring October 4, 2022.

Tom Yingling, President and CEO states, “I am very pleased to continue to drill such massive intercepts of graphite, including one of them over 107 meters thick, in an area already successfully proven to have good assays from our Phase 1 drill program.  Having hit such large intercepts of graphite in all 18 holes drilled to date is helping determine the design, size and geometry of the graphite deposit.  I would like to reiterate how fortunate Berkwood’s shareholders are to have our project lead and QP, Mr. Edward Lyons.  Mr. Lyons has overseen the first two drill programs and plans on continuing in January 2018. He was key in developing our neighbour’s, Mason Graphite, discovery of one of the largest and highest-grade graphite deposits and soon to be in production mine.”

About the Company: Berkwood is engaged in exploration for the commodities that enable the modern revolution in essential technologies. These technologies are dependent upon materials that enhance the performance of energy storage systems and permit the development and miniaturization of new electronics and structural components in the new suite of innovative tools.  The Company is led by a team with collectively over 100 years experience and have been involved with numerous discoveries of 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 Drills Massive Graphite Intercept on Zone 1, at Lac Gueret South

December 8th, 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 completed the first hole of the Phase 2 drill program on Berkwood’s Zone 1 Graphite Body.    Management is very pleased to report that the Company has drilled a massive Graphite intercept of over 70 meters in length and close to surface.  Berkwood’s Phase 2 drill program on the Zone 1 Graphite Body was targeted based on the Phase 1 drill program’s successful results whereby the Company demonstrated average Graphite grades in the range of 14.39 to 25.52% Cgr and true thicknesses ranging 22.1 to 40.3 m. (see the news release dated November 28th, 2017 )  This Phase 2 drill program is designed to delineate the size and geometry of this Graphite body

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, as well as determine the best location to commence the Phase 2 drill program. 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.

Phase 2 drilling started on Berkwood’s Zone 1 Graphite Body, with BK1-14-17 on 4 December 2017. The planned series of holes are located around Section 3100E, which had the best graphite intersections in the Phase 1 program.  The Phase 2 drill program has started with a series of eight drill holes planned across the previous north trend to delimit the structures and use a core orientation system to define the actual foliation strikes and dips. These will be completed by December 19th, 2017.

The first hole was successful in intersecting a key zone found in the Phase 1 drilling. The hole was sited about 40 m east of Site #2 where holes BK1-03-17 and BK1-04-17 drilled to the north intersected significant graphite intervals as previously reported with analyses. BK1-14-17 was drilled to the east with a -60° inclination and reached 109.7 m length. The TruCore alignment system showed the foliation was subvertical to steep east-dipping and had azimuths between 340° to 010° with most close to 360°. The geology summary with graphite and sulphide visual estimates is 19.4 – 50.5 m (31.1 m)     Graphite quartz schist, with graphite visual estimates range from 20% to 30%+ Cgr (“carbon as graphite”) and a variety of graphite textures and medium flakiness.

50.5 – 80.2 m (29.7 m)       High-grade graphite with 25+% Cgr..
80.2 – 90.9 m (10.7 m)       Graphite-quartz-biotite schist; Gr 20% to 25% Cgr in fine to coarse flakes.

The combined graphite interval of 60.8 m core length is 51 m true width, based on foliation attitudes is about 27.6 m, similar to true widths previously drilled.

Samples are being saw-cut and will be sent to MS Analytical Laboratories in Langley, BC., at the end of the Phase 2 drill program, as were the Phase 1 samples.

DDH BK1-15-17, on the same site, is oriented at 270° azimuth and -45° inclination to test the orientation and grade of graphite intervals in the two holes on Site #2. Eight holes are planned for a total of about 850 m before the Christmas shutdown.  Drilling is planned to recommence in early January 2018.

The new program has already demonstrated some details in the Zone 1 graphite deposit geometry as well as continued strong, contiguous grades over significant continuous lengths.

Lac Gueret South Property, Quebec

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 directly borders Mason Graphite’s (TSX-LLG) advanced Lac Gueret Project to the South.

To view a virtual reality video of Berkwood’s drill program please scroll to the bottom of Berkwood’s home page at:   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.   Edward Lyons holds the following stock option agreements in the Company (a) 40,000 common shares at $0.42 expiring August 28, 2022; and (b) 50,000 common shares at $0.26 expiring October 4, 2022.

Tom Yingling, President and CEO states, “I am very pleased to have drilled such a massive intercept of graphite in an area already successfully proven to have good assays from our Phase 1 drill program.  I would like to reiterate how fortunate Berkwood’s shareholders are to have our project lead and QP, Mr.  Edward Lyons.  Mr. Lyons is currently on site managing and directing our drill program.  He was responsible for our neighbour’s, Mason Graphite, discovery of one of the largest and highest-grade graphite deposits and soon to be in production mine.  ”

About the Company: Berkwood is engaged in exploration for the commodities that enable the modern revolution in essential technologies. These technologies are dependent upon materials that enhance the performance of energy storage systems and permit the development and miniaturization of new electronics and structural components in the new suite of innovative tools.  The Company is led by a team with collectively over 100 years experience and have been involved with numerous discoveries of 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.