Berkwood Resources Ltd. provided the following corporate update: Highlights for 2014: New gold zone discovered at Prospect Valley; Extension of the Discovery Trend gold structure over 1200m at Prospect Valley; Acquisition of second Graphite property; Significant targets identified at Lac Guéret South Graphite Property. At the Prospect Valley Gold Property, 2014 field work extended the main Discovery Trend gold structure an additional 1200m to the south and discovered a new area of epithermal gold mineralization named the QCA Zone. The 100% owned property is located 30 kilometers southwest of Merritt, British Columbia, a three hour drive from Vancouver, and covers 10,871 hectares. It encompasses a number of structurally controlled epithermal gold prospects with potential to host both bulk tonnage and high grade vein deposits. The majority of historical drilling on the Prospect Valley property has taken place in the centre of the claim block, along the Discovery Trend. This drilling outlined an extensive low grade epithermal gold system with indications of potential for additional and higher grade mineralization, and it remains open for expansion. Results of the 2014 ground magnetics geophysical survey suggest that the Discovery Trend continues a further 1200m to the south of the previous work into the QCA area that is largely hidden by overburden soil cover. Prospecting was carried out in 2014 in conjunction with the geophysical survey and despite the extensive overburden cover, the QCA Zone of scattered epithermal- textured quartz-chalcedony veins was discovered in bedrock and overburden boulders along this new geophysical trend.

Berkwood is planning a 2015 program of geological mapping, hand trenching and sampling in the new QCA Zone to delineate the zone on surface, as well as additional ground magnetics surveying to infill and extend the current geophysical grid. Lac Guéret South and East: Berkwood continues to advance its 100% owned graphite projects in Quebec and is pleased with the progress made in 2014. Highlights include the acquisition of the Lac Guéret South Graphite Property and adjustments made to the mineral claims package of the company's Lac Guéret East Graphite Property, in order to maximize coverage of priority geological structures and known graphite prospects. Berkwood's Lac Guéret area projects now cover 8,057 hectares. The Lac Guéret South Graphite Property borders the southern boundary of Mason Graphite's Lac Guéret Project which has a NI 43-101 compliant mineral resource estimate with measured & indicated mineral resources of 65.7 million tonnes grading 17.2% Cgr (including 9.7 million tonnes grading 31.2% Cgr). Berkwood's Lac Guéret East Graphite Property is adjacent to the eastern boundary of Mason Graphite's Lac Guéret Property. Berkwood's Lac Guéret East and South Graphite Properties share a similar geological environment to Mason Graphite`s Lac Guéret Property including along strike stratigraphic units and structures. From his summer 2014 field observations, Mr. Berclaz recommended a high resolution magnetic-electromagnetic (MAG-EM) helicopter-borne geophysical survey over the Lac Guéret South Property to rapidly advance the project. In October 2014 Prospectair Geosurveys Inc. of Gatineau, Quebec flew the survey which comprised 413 linear kilometres with a line spacing of 200 metres. Preliminary results show that the survey delineated an electromagnetic (EM) anomaly along a 1.8 kilometre trend, including a large circular conductive anomaly with a diameter of approximately 900 metres. Additional targets defined by the survey, include a strong conductor, 3 km in length, situated at the Property's northern border with Mason Graphite's advanced Lac Guéret Property. These newly generated exploration targets increase Berkwood's confidence that there is significant potential to discover new graphitic zones associated with these anomalies. Berkwood is planning a follow-up ground geophysics program to better define the conductors on the ground in order to guide prospecting, trenching and drilling planned for the 2015 field program.