Berkwood concludes $125,000 Project Finance Agreement with Intact Gold Corp. to advance the Lac Guéret South Graphite Project.

December 31, 2018, VANCOUVER, B.C. Berkwood Resources Ltd. (TSX-V: BKR, FSE: BK2, WKN: A110N3) (“Berkwood” or the “Company”) is pleased to announce that an agreement to finance has been concluded with Intact Gold Corp. (ITG-TSX:V) (“Intact”).  The Terms of the agreement allow Intact to earn a 2.5% interest to the Lac Guéret South Graphite property in exchange for expenditure of $125,000 on the project by December 31st, 2018.   During a period of 6 months, either party will have the right to execute a buy-back scenario in which Berkwood would purchase the 2.5% back by paying to Intact 875,000 units in Berkwood.   Each unit will entitle Intact to receive one share and one half warrant of the Company.  This transaction is subject to Exchange approval.

Tom Yingling, President and CEO states, “I am very pleased to have Intact partnered with our near-term advancement of our Lac Guéret South discovery.  We are determined to advance the project toward a Preliminary Economic Assessment as soon as is practical, and we are thrilled to have the financial support and technical endorsement of Intact as we prepare to drive the Project forward.”  

To view Pictures: https://berkwoodresources.com/projects/lac-gueret-extensions-graphite-project-quebec-canada/

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

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 (“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 3rd Tranche of Flow-Through Private Placement for Additional Funds of $186,800.04

Berkwood Resources Ltd. has received regulatory approval, and has closed its third and final tranche of flow-through financing offered as to an additional $186,800.04, and has issued 2,075,556 units at nine cents each. Each unit comprised one flow-through common share and one-half warrant, with each whole warrant exercisable into one common share at a price of 15 cents for a period of two years. All securities have been issued with a hold period expiring April 28, 2019.

A finder’s fee has also been agreed to be paid in accordance with the policies of the TSX Venture Exchange.

Proceeds of the private placement will be used to develop the company’s properties located in Quebec.

We seek Safe Harbor.

Berkwood Resources Ltd. Closes 2nd Tranche of Flow-Through Private Placement for Additional Funds of $224,460

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” or the “Company”) (TSX-V:  BKR) announces it will apply to the TSX Venture Exchange and will close its final tranche of flow-through financing offered as to an additional $224,460 and will issue 2,494,000 units at $0.09.  Each unit will be comprised of one flow-through common share and one-half warrant, with each whole warrant exercisable into one common share at a price of $0.15 for a period of two years from closing.  All securities will be subject to a four-month plus one day hold period from closing.

A finder’s fee has also been agreed to be paid to EMD Financial Inc., pursuant to the policies.

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

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

ON BEHALF OF THE BOARD

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 drills 90m of graphite during ongoing Phase 4 drilling and provides an overview of Mise-Á-La-Masse geophysical results at the Lac Guéret South Graphite Project.

December 14th, 2018, VANCOUVER, B.C. Berkwood Resources Ltd. (TSX-V: BKR, FSE: BK2, WKN: A110N3) (“Berkwood” or the “Company”) is pleased to announce that drilling at its Phase 4 definition drilling program on Zone 1 at the Company’s 100% owned Lac Guéret South Project is continuing. The Program is designed to extend eastward, and to infill drill portions of, the current mineralization model: to date Berkwood has drilled nine (9) new holes for 1,080m of newly acquired core on Phase 4, to bring the total drilling at Zone 1 to 5,086m over 36 drill holes. In hole BK1-35-18, drilling intersected 102.45 m (not a true width) of continuous graphite (“Cgr”) mineralization. The Company is also engaged in the collection of selected surface channel samples above the drill hole trace to assist with enhancing the geological model.

The Phase 4 program is benefitting from the Mise-Á-La-Masse (“MALM”) geophysical program undertaken during the recent fall season. The MALM program charged known graphite intercepts located in hole BK1-27-18 at grounding points located within two Cgr intercepts respectively located at 130m and 170m downhole. A surface survey grid consisting of 9 N/S lines arranged 100m apart, with lengths ranging between 525m and 750m was established over the western portion of the historic airborne and ground-delineated EM conductive resistivity anomaly (refer figures at https://berkwoodresources.com/projects/lac-gueret-extensions-graphite-project-quebec-canada/). Reference stations along the lines were located every 25m along each line. The surveys from both Cgr horizons confirmed a surface expression of conductivity of some 250 to 500 m wide N/S that extends over 800 in an ENE direction, and is likely unconstrained to the ENE. The result indicates that these two graphite-rich beds are electrically interconnected, the current diffusing from one to the other when grounded. This current diffusion could result from background Cgr or connective structures between these mineralized horizons. It is also possible that the current spread through faults to highlight another graphitic bed located at a shallower depth. In each case, a north trend (zone) and south trend (zone) is identified within the broader conductive feature, as is delineated in the Figure below.

We’re pleased to share the MALM results with the public,” states Tom Yingling, President and CEO. “The Phase 4 campaign integrates our deposit model generated through drilling Phases 1 to 3 with the MALM data to drill with the purpose of assembling sufficient information for the preparation of a preliminary resource statement.”

The Phase 4 drill program is supported by QC-based drilling and project management companies, and project and camp support personnel from the Project area. The drill program is being updated with near-real time interactive updates to the geology, structure, and mineralization model by frequent data transmission to Tony Gilman of Terrane Geosciences (structural modeling) and Michael Waldegger of MFW Geosciences (resource estimate), to ensure that the Phase 4 work informs real time model evolution and maximises the effectiveness of drill targeting.

Figure. Surficial MALM Interpretation @ 130m down-hole BKI-27-18 (upper Cgr intercept)

Lac Gueret South, Zone 1

Lac Gueret South is located in Cote Nord, eastern Quebec, a three-hour drive north from Baie-Comeau in an area with 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.

The project comprises 288 Claims which cover a total area of 15,552 hectares. Prior to commencement of the current Phase 4 campaign, the Company has drilled 27 holes on Zone 1 that totals 4,006m. The Company is pleased to announce it has intersected visual Graphite in every hole drilled to date. Success in these drill programs confirms that a significant component of the distinct electromagnetic conductors that occur over a two kilometer strike length and 50 meters to 600 meters in width as defined by airborne EM geophysics (see the Berkwood news release dated February 10, 2015) that includes graphite mineralization.

To view virtual reality video from earlier drill programs and to view the geological model as visualised following the completion of the Phase 3 drill program, please follow the link at the bottom of our home page http://www.berkwoodresources.com and to view current pictures of the fourth drill program please visit: https://berkwoodresources.com/projects/lac-gueret-extensions-graphite-project-quebec-canada/.

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

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. The Company is particularly pleased to have partnered with QC-focussed entities for the financial support of the Lac Guéret South Project.

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

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 (“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. Private Placement ($352,641.96 Hard Dollars)

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” or the “Company”) (TSX-V: BKR) announces it has received conditional approval from the TSX Venture Exchange and now will close a private placement as to $352,641.96 and will issue 3,918,244 units at $0.09. 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 $0.15 for a period of two years from closing. 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 working capital.

The issuance of the securities is subject to the final approval of the TSX Venture Exchange.

ON BEHALF OF THE BOARD

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 commences Phase 4 drilling at the Lac Guéret South Graphite Project.

December 7th, 2018, VANCOUVER, B.C. Berkwood Resources Ltd. (TSX-V: BKR, FSE: BK2, WKN: A110N3) (“Berkwood” or the “Company”) is pleased to announce that it has mobilized its Phase 4 definition drilling program on Zone 1 at the Company’s 100% owned Lac Guéret South Project. The Program is designed to extend eastward, and to infill drill portions of, the current mineralization model. The present model was developed from data in drill program Phases 1 through 3, including an initial structural model based on oriented core logged geology in early 2018, and has been refined by the Mise-Á-La-Masse (“MALM”) geophysical program models derived from the ground survey conducted in the fall of 2018 (refer NR of October 24th, 2018).

Prior to the commencement of the current Phase 4 program, the Company has drilled 27 holes on Zone 1 that totals 4,006m of drilling: the Phase 4 program continues to rely upon the oriented core techniques developed in Phase 2, and is intended to comprise upward of 2,000m of core drilling aimed at developing our knowledge of the mineralization to a point sufficient to support the development of a preliminary mineral resource estimate.

The carefully staged approach to improving our mineral occurrence knowledge at the Project continues with each successive Phase to build on the great results we have enjoyed since discovery,” states Tom Yingling, President and CEO. “Critically, the Phase 4 campaign is intended to allow the learning from our initial metallurgical tests to be integrated with our deposit model and MALM data to drill with the purpose of assembling sufficient information for the preparation of a preliminary resource statement: we remain thrilled with our steady, cost effective progress toward this next critical milestone”.

The Phase 4 drill program is supported by QC-based drilling and project management companies, and project and camp support personnel from the Project area. The drill program is being updated with near-real time interactive updates to the geology, structure, and mineralization model by frequent data transmission to Tony Gilman of Terrane Geosciences (structural modeling) and Michael Waldegger of MFW Geosciences (resource estimate), to ensure that the Phase 4 work informs real time model evolution and maximises the effectiveness of drill targeting.

Sawn core samples from Phase 4 drilling will be shipped to MS Analytical Laboratories in Langley, BC for the same analytical procedures applied to the samples from previous programs.

Lac Gueret South, Zone 1

Lac Gueret South is located in Cote Nord, eastern Quebec, a three-hour drive north from Baie-Comeau in an area with 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.

The project comprises 288 Claims which cover a total area of 15,552 hectares. Prior to commencement of the current Phase 4 campaign, the Company has drilled 27 holes on Zone 1 that totals 4,006m. The Company is pleased to announce it has intersected visual Graphite in every hole drilled to date. Success in these drill programs confirms that a significant component of the distinct electromagnetic conductors that occur over a two kilometer strike length and 50 meters to 600 meters in width as defined by airborne EM geophysics (see the Berkwood news release dated February 10, 2015) that includes graphite mineralization.

To view virtual reality video from earlier drill programs and to view the geological model as visualised following the completion of the Phase 3 drill program, please follow the link at the bottom of our home page http://www.berkwoodresources.com and to view project pictures please visit: https://berkwoodresources.com/projects/lac-gueret-extensions-graphite-project-quebec-canada/ .

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

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. The Company is particularly pleased to have partnered with QC-focussed entities for the financial support of the Lac Guéret South Project.

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

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 (“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 1st Tranche of Flow-Through Private Placement ($534,070.08)

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” or the “Company”) (TSX-V:  BKR) announces it has received conditional approval from the TSX Venture Exchange and now will close a 1st tranche of a flow-through private placement as to $534,070.08 and will issue 5,934,112 units at $0.09.  Each unit will be comprised of one flow-through common share and one-half warrant, with each whole warrant exercisable into one common share at a price of $0.15 for a period of two years from closing.  All securities will be subject to a four-month plus one day hold period from closing.  

A finder’s fee has also been agreed to be paid, pursuant to the policies.

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

The issuance of the securities and the finder’s fee are subject to the 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.