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Berkwood Resources Ltd. (TSX-V: BKR) ("Berkwood") is pleased to announce that it has commenced advanced field work and Bulk Sampling preparation on its Peter Lake Copper Property, located 90 km north of Mont-Laurier, Quebec. Recently six check grab samples were collected from the two main mineralized zones at Peter Lake and returned assays ranging from 0.42% to 22.83% Copper and 0.13% to 0.73% Nickel as well as elevated gold, silver and cobalt values (for details see Berkwood news release dated October 10, 2012). Based on these encouraging results and the geological potential of the property a two-phase exploration program is planned.

The planned Phase 1 field work will focus on the Peter Lake showings area. Systematic channel sampling along the two zones extending 1.2 km will be carried out to provide assays over the width and length of the zones. Floatation tests and Bulk samples from the zones will be prepared (about 2,000 tonnes) for metallurgical testing and to determine bulk copper and nickel grades for comparison with mean channel sampling grades to guide future work. Significant efforts will also be made to prospect and sample along the trend of the known showings. The results from the Phase 1 program will be released when received and interpreted. The work program will be performed by EarthMetrix of Montreal, QC.

The company then intends to follow with a Phase 2 program consisting of a minimum 3,500 m of core drilling, geological compilation and construction of a 3D model to understand the structure of the mineralization at depth, subject to successful completion of Phase 1. Work on numerous other showings that have been uncovered by prospecting is also planned to test the economic potential of the outlying areas.

The Peter Lake Copper Property:

The Peter Lake Copper Property (the "Property") consists of 24 claims totalling 1403 Ha located in the Mont-Laurier Terrane, in the Central Grenville Province, Quebec. The Property lies within a sequence of metasedimentary rocks, felsic intrusives and gabbros. Copper-Nickel mineralization in the area has been traced by prospecting for more than 2 km within late gabbroic dykes along northeast controlling structures.

This news release has been reviewed and approved by Alain Moreau, P. Geo., who supervised the preparation of the technical information in this news release. Alain Moreau a Qualified Person as defined by National Instrument 43-101.

To view maps and photos of the Peter Lake Copper Property, please click on the following link: http://www.berkwoodresources.com/peter-lake-copper-property.html

About Berkwood Resources:

Berkwood also holds a 100% interest in the Prospect Valley Gold Property located near Merritt, BC. Several areas of gold mineralization have been identified on the 10,871 Ha property. The majority of historic drilling has taken place in the centre of the claim block along the Discovery Trend. This drilling has outlined an extensive low grade epithermal gold system with indications of potential for additional and higher grade mineralization. The system remains open for expansion and other known zones of gold mineralization have yet to be drilled (see Berkwood news release dated January 25, 2012 for details).

Berkwood also recently acquired an option to earn a 100% interest in the Lac Gueret East Graphite Property in Quebec. The 3,186 Ha property borders the eastern boundary of Mason Graphite's advanced Lac Gueret Graphite Project. A 2009 technical report by Tekhne Research which covered 17% of Mason Graphite's Lac Gueret Property with a resource of 7.5 million tonnes measured and indicated grading 20.4% Graphite.

If you are not currently on the Berkwood Resources news and updates list, you can opt-in via the Berkwood website by clicking on the following link: http://www.berkwoodresources.com/contact.html. News Releases and exploration updates are emailed to list members who wish to keep up to date with Berkwood Resources and our projects.

On Behalf of Berkwood Resources

"Brian Buchanan"

Brian Buchanan, President and Director

For additional information please contact:

Karim Sayani, Corporate Communications

Tel: (604) 662-7455 E-mail: karim@berkwoodresources.com

Tom Steer, Media Relations Manager

Tel: (604) 681-5556 E-mail: tomsteer@berkwoodresources.com

Forward Looking Statements

This Berkwood News Release may contain 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.

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