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Suite 3204   610 Granville Street
Vancouver B.C. V6C 3T3
Phone: (604) 343-7740
email: info@berkwoodresources.com
Website: www.berkwoodresources.com



           Berkwood concludes $125,000 Project Finance Agreement with
           Intact Gold Corp. to advance the Lac Gueret 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 Gueret 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 Gueret 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. Forwa
--->rd-looking statements
consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations 
--->or intentions regarding the
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future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developme
--->nts 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 policie
--->s of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.