Mr. Brian Buchanan reports

BERKWOOD RELEASES HISTORICAL INFORMATION AND RECENT CHECK ASSAYS ON PETER LAKE COPPER PROPERTY IN QUEBEC

Berkwood Resources Ltd. has released a review of historical data and results from check assays on its recently acquired Peter Lake copper property, located 90 kilometres north of Mont-Laurier, Que. The property consists of 24 claims totalling 1,403 hectares in the Mont-Laurier terrane in central Grenville province.

Over several years of historical work, two mineralized zones have been discovered on the property, the Peter Lake North and Peter Lake South showings. They are located in a late gabbroic dike intrusion, with copper-nickel mineralization associated with sulphides. The Peter Lake North showing is a continuous copper-nickel-mineralized structure that has been traced to approximately 300 metres, averaging 0.5 to three metres true width, with historical grab samples grading from 0.24 per cent to 7.5 per cent copper equivalent. The Peter Lake South showing is a stripped zone of 30 by 30 metres with historical grab samples grading from 0.42 per cent to 31.5 per cent CuEq. Both mineralized zones remain open in both directions along a northeast trend. Most of the showings lie within the Serpent intrusive suite, close or within Rabot metamorphic suite units, close to the contact with the Lacoste intrusive suite (Quebec MRNF document GM 60928).

Six grab samples collected from the mineralized zone in both showings were sent to Laboratoire Expert of Rouyn-Noranda. Assays results for copper, nickel, cobalt, gold, silver and sulphur, and the CuEq calculation, are given in the accompanying table.

Sample No.       Cu       Ni      Co      Au       Ag      S     CuEq
                 (%)      (%)     (%)   (g/t)    (g/t)    (%)      (%)

1             0.422    0.591   0.022   0.006    0.250    5.2    1.802
2             4.306    0.539   0.041   0.280    5.900    6.6    5.826
3            22.830    0.138   0.073   1.182   32.600   12.8   24.202
4             1.564    0.731   0.076   0.025    2.800    9.6    3.447
5             3.516    0.680   0.149   0.105    4.800   18.9    5.588
6             1.031    0.727   0.043   0.024    1.300    8.3    2.794

The samples analyzed were mineralized rock outcrop samples composed of massive sulphides in gabbro, taken at the two showings, and confirm the range of historical grab samples.

The CuEq calculation was made using the ratio of nickel, cobalt and gold prices (in percentage terms) divided by the copper price. The CuEq calculation is based on the following parameters: $57.0837 (U.S.) per gram for gold (New York Stock Exchange -- Oct. 8, 2012, closing), $3.6943 (U.S.) per pound for copper, $8.1287 (U.S.) per pound for nickel (Kitco -- Oct. 9, 2012, closing) and $12.409 (U.S.) per pound for cobalt (London Metal Exchange -- Oct. 8, 2012, closing), and is based on metallurgical recoveries of 100 per cent.

Numerous other mineralized showings, geological zones of interest and geochemical anomalies occur on the property and remain to be further explored.

The copper-nickel mineralization found at Peter Lake indicates a magmatic source (the presence of typical minerals such as olivine, pentlandite, cobalt minerals and platinum group elements (PGE) with mechanical breccias is easily seen on outcrops) coupled with a hydrothermal enrichment, demonstrated by the high coppr-nickel ratios and pyritization (more than 10 per cent pyrite). Native copper is also present at the Peter Lake South showing.

These data have been provided by Ressources Maxima Inc., EarthMetrix Inc., and the statutory work filed with the Quebec Ministry of Natural Resources and Wildlife (MRNFQ). The geology of the property has been defined by the work of MRNFQ from limited available data at 1 to 50,000 (GM 60928 and RG 2001-16).

The next stage of work planned for the Peter Lake property is detailed surface work, including channel sampling and trenching, to be followed by possible core drilling.

This news release has been reviewed and approved by Alain Moreau, PGeo, who supervised the preparation of the technical information in this news release. Mr. Moreau is a qualified person as defined by National Instrument 43-101.

To view maps and photos of the Peter Lake copper property, please visit the company's website.

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