$0.10 per unit for gross proceeds of up to $1,000,000. Each unit will be comprised of one common

November 24, 2016

TSX-V SYMBOL: BKR

Berkwood Resources Announces Non-Brokered Private Placement

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”) (TSXv-BKR) proposes to issue up to 10,000,000 units at $0.10 per unit for gross proceeds of up to $1,000,000. Each unit will be comprised of one common share and one common share purchase warrant, with each whole warrant exercisable into one common share at a price of $0.13 for a period of two years from closing.

All securities will be subject to a four-month hold period from the closing date. Finder’s fees may be paid in accordance with the TSXV policies. The private placement is subject to the approval of the TSXV.

Proceeds of the private placement will be used to develop existing properties, potential future acquisitions and general working capital.

The private placement and the payment of finder’s fees are subject to approval of the TSX Venture Exchange.

On behalf of Berkwood Resources Ltd.

"David Hodge"

David Hodge, Director

For additional information please contact:

Berkwood Resources Ltd:

Tel: (604) 681-1568

E-mail: [email protected] Website: 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.