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Berkwood Acquires Lac Gueret East Graphite Property in Quebec

VANCOUVER, British Columbia May 22, 2012  Berkwood Resources Ltd. Lac Gueret East Graphite Property Quebec

Lac Gueret East Graphite Property:

"Property" borders the eastern boundary of Mason Graphite’s Lac Gueret Property

The Lac Gueret East Graphite Property Mason Graphite’s Lac Gueret Property Grenville Province Quebec Baie-Comeau click here


The Lac Gueret East Graphite Property Grenville Province adjacent to the advanced Mason Graphite an attractive mining jurisdiction. We are fortunate to add this asset to our property portfolio and will initiate work immediately."

The Option Agreement:

Pursuant to the terms of the Option Agreement, Berkwood has the option to acquire a 100% -interest in the Lac Gueret East Graphite Property by making cash payments and issuing Berkwood securities as set forth below:



On signing


Within seven days of TSX Venture Exchange acceptance


750,000 units *

Six months from TSX Venture Exchange acceptance


500,000 common shares

Twelve months from TSX Venture Exchange acceptance


375,000 common shares

Eighteen months from TSX Venture Exchange acceptance


375,000 common shares


one million dollars ($1,000,000)

A finder’s fee will be paid in connection with the transaction in accordance with the policies permitted by the TSX Venture Exchange. The transaction is subject to a number of conditions and approvals, including, but not limited to, TSX Venture Exchange acceptance.

Alain Moreau Alain Moreau

Berkwood Announces Private Placement:

15 cents $330,000 March 16, 2012 10 cents $750,000

15 cents

The proceeds will be used for exploration programs, acquisition of properties and general working capital.

About Graphite:

The United States Europe China


Prospect Valley Gold Property Merritt, BC 166,000 ounces grading 0.511 g/t gold in 10,077,000 metric tonnes above a cut-off grade of 0.30 g/t gold January 25, 2012

Indonesia Jakarta sampling and geological mapping


For additional information please contact

Karim Sayani
[email protected]

Tom Steer
[email protected]

On Behalf of Berkwood Resources

Brian Buchanan

This Berkwood News Release contains certain "forward-looking" statements and information relating to Berkwood that are based on the beliefs of Berkwood’s management as well as assumptions made by and information currently available to Berkwood’s management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitation, competitive factors, general economic conditions, relationships with strategic partners, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. Except as required by law, Berkwood does not assume the obligation to update any forward-looking statement.

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.

SOURCE Berkwood Resources Ltd.

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